Hut 8 expands mining operations with power deal in West Texas
Hut 8 secured a purchase agreement for 205 megawatts of power and land in West Texas, expanding its energy infrastructure to about 1.3 gigawatts of capacity.
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Crypto sleuth investigates suspect in Sydney Sweeney’s hack
On-chain detective ZachXBT has linked the convicted U.K. hacker Gurvinder Bhangu to Sydney Sweeney and Bob Odenkirk’s crypto hacks.
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Investment Firm Morgan Creek Launches Digital Asset Index Fund Excluding Pre-Mined Cryptos
Morgan Creek Digital, backed by the institutional investment house Morgan Creek Capital with $1.5 billion in assets under management , has launched a new Digital Asset Index Fund in partnership with Bitwise, Forbes reports August 28. The new fund will give accredited investors, endowments, pensions and other approved institutional investors the possibility to gain indirect…
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Poll finds four in 10 Brits believe the stock market is as risky as crypto
A new poll has found that 42% of Brits believe it is now safe to invest in cryptocurrency. 2185 Total views 13 Total shares A new poll carried out by Piplsay has found that 41% of Brits now believe there is an equal amount of risk to investing in cryptocurrencies as the stock market.The survey…
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Canaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low
While the current climate seems uneasy for all cryptocurrency businesses, some of them have to deal with extra difficulties.Earlier this month, investors filed a class-action lawsuit against Canaan, a Nasdaq-listed cryptocurrency mining hardware producer. The case is largely based on a February report submitted by an analysis organization called Marcus Aurelius Value, which argued that…
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SEC serves suit to evasive Richard Heart in Finland, but not in person
The suit was served via an alternate method, as process servers were unsuccessful in contacting Richard Heart in person for months. The United States Securities and Exchange Commission said it served its lawsuit to HEX founder Richard Schueler — aka Richard Heart — at his house in Finland’s capital of Helsinki.In a Dec. 11 New
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First Bitcoin-backed synthetic dollar to launch with 25% yield
USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable?
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Raoul Pal believes institutions have finished taking profits as year winds up
Raoul Pal suggested that profit-taking by institutions was the likely reason for recent Bitcoin sell offs, but that the selling is likely done for now. 1654 Total views 33 Total shares Real Vision CEO Raoul Pal believes the recent volatility in the Bitcoin price is due to institutions selling to help shore up their end-of-year…
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Bitcoin Is Half-Priced ‘Hurricane Insurance,’ Says Crypto Fund Manager
Travis Kling, the chief investment officer of crypto investment firm Ikigai Asset Management, has described Bitcoin (BTC) as insurance against both hurricanes and U.S. fiscal policy.On March 20, Kling tweeted that an oncoming hurricane that will soon hit the U.S. economy and “do a lot of damage.” However, all is not lost, with Kling advising…