Bitfarms calls October shareholder meeting amid attempted Riot takeover
Riot Platforms holds just under a 15% stake in Canadian mining firm Bitfarms and hopes to replace key board members with picks seeming favorable to its interests.
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Genesis Partners With Blockchain Security Firm BitGo to Provide Direct Custody Operations
Blockchain security firm BitGo has partnered with Bitcoin (BTC) over-the-counter (OTC) trading platform Genesis Global Trading. The partnership intends to allow clients to trade crypto directly from BitGo custody, according to a press release posted today, Jan. 16.Following the recent acquisition of a crypto custodian qualification, BitGo has endeavored to improve its custodial services by…

Cerebras Systems secures $100M AI supercomputer deal with UAE’s G42
Alongside G42, Cerebras aims to expand the supercomputer, with plans to establish 36 exaflops of AI computing in the coming year. 133 Total views 33 Total shares Cerebras Systems has announced a deal worth around $100 million with G42, a technology group based in the United Arab Emirates (UAE). The agreement entails providing the initial…

Big Four Auditing Firm EY Open Sources its Ethereum Private Transaction Solution
Big four auditing firm Ernst & Young (EY) open sourced the code of its Nightfall Ethereum (ETH) private transactions solution and released it on GitHub on May 31.The readme information file featured on the GitHub repository explains the function of the software in question:“Nightfall integrates a set of smart contracts and microservices, and the ZoKrates…

Bitcoin‘s $93K dip could be ‘last flush’ before the rush: Analysts
Crypto market analysts remain confident that Bitcoin will hit six figures before the end of the year despite the recent 7% correction.

Tether continues to reduce commercial paper in sharp reduction since March
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far. 123 Total views 29 Total shares Tether is reducing its commercial paper holdings on pace with plans, the stablecoin company reported Friday. It has reached the target sum…

‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval on Friday
Speculation that the SEC is set to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) on Friday has reached a fever pitch on social media. A tweet from Grayscale’s legal chief that he was “just filling out some forms,” in addition to a widely shared tweet from a reporter, has fueled speculation that approval could come

Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines
The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. 774 Total views 4 Total shares United States Treasury Secretary Janet Yellen has told financial regulators that the government must act quickly to establish a regulatory framework for stablecoins.The comments came at Monday's meeting of the President's…

What are proof-of-reserves audits, and how do they work?
Key takeaways PoR audits are cryptographic verifications used by cryptocurrency exchanges to prove they hold sufficient assets to cover customer deposits. Using methods like Merkle trees and zero-knowledge proofs, PoR ensures transparency, similar to how capital reserves are mandated in traditional finance for stability. Coinbase’s cbBTC uses PoR to verify that for every wrapped Bitcoin