Another US County Hits Pause on Crypto Mining Power Requests
Franklin, Washington State, is the latest U.S. county to have suspended new utility applications from crypto mining farms over spiking power demands.
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3 Insights on Crypto Derivatives and Risk from Veteran OTC Traders
feature For all the talk about liquidity, bitcoin and other crypto-assets are thinly traded. Investors that buy and sell large volumes can’t do so directly, without slippage, or a change in the price between order and execution. They turn to over-the-counter (OTC) desks to manage those trades, whether buying crypto for the first time, or…

Swan Bitcoin Claims Ex-Employees ‘Stole’ its Mining Business at Tether’s Direction
Swan Bitcoin has filed suit against a group of former employees and consultants, alleging they “hatched and executed a ‘rain and hellfire’ plan” to "steal" its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time ally and fundraising partner. The lawsuit accuses six employees of looting Swan’s trade secrets – including “highly

Lessons of a $37M Attack: How a Ukrainian Payment Processor Was Hacked
Exploiting DeFi protocols has long become crypto’s most popular type of crime, while traditional exchange hacks have become far less frequent. But cybercriminals haven’t lost all interest in the good old digital robbery.The recent hack of a crypto payment processor CoinsPaid shows that the most industrious cybercriminal groups in the world are still willing to…

Sino-Global Shares Soar as Shipping Firm Expands Into Bitcoin Mining
Sino-Global announced a new COO and CTO as it plans to start mining. Credit: Shutterstock/MOLPIXFeb 3, 2021 at 8:25 p.m. UTCUpdated Feb 3, 2021 at 8:26 p.m. UTCSino-Global Shares Soar as Shipping Firm Expands Into Bitcoin MiningShares of Sino-Global Shipping (SINO) soared after the Nasdaq-listed international shipping company announced it plans to start mining cryptocurrency.…

Bitcoin News Roundup for July 22, 2020
Jul 22, 2020 at 16:00 UTCBitcoin News Roundup for July 22, 2020With the price of BTC taking a breather following yesterdays jump, CoinDesk’s Markets Daily is back with another bitcoin news roundup. For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. This…

U.K. Pension Giant L&G Looks to Enter Crypto’s Tokenization Space
Legal & General (L&G), the London-headquartered pension and investment management firm with $1.5 trillion in assets under management, is plotting an entrance into the blockchain-based tokenization space that's growing popular among finance giants. Tokenization – or the representation of conventional assets like U.S. Treasuries-backed money-market funds via tokens on a blockchain – has become popular

Ethena Announces UStb Stablecoin Backed by Blackrock’s BUIDL
Ethena has announced a new stablecoin that invests its reserves in Blackrock's real-world asset fund called BUIDL. The team said UStb can support its synthetic stablecoin USDe during tough market conditions by allowing Ethena’s governance to close USDe hedging positions and reallocate assets to UStb. Ethena announced today that it's developing a new stablecoin called

UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
U.K. Finance alongside 11 of its members completed the experimental phase of a tokenization and CBDC platform. The program identified improvements in economic value and enhanced functionality. 02:58 Stablecoins Explained: 3 Things You Need to Know 06:22 Philippines Taps Blockchain 04:56 BlackRock CEO Predicts Tokenization Is the Future of Markets 00:48 Tokenization on Public Blockchains