Hut 8 expands mining operations with power deal in West Texas

Pan-African insurance company Old Mutual has opted out of insuring cryptocurrency mining equipment due to the absence of regulation in the industry, local technology-focused new outlet ITWeb reported on June 10.Following comprehensive research of the industry, Old Mutual has arrived at a decision not to insure equipment used for digital currency mining because of the…

CleanSpark announced it had increased its treasury holdings by 567% when compared to the same period last year.

The global economic crisis caused by the coronavirus panic is so severe that the world’s most powerful central bank, the United States Federal Reserve, announced “QE infinity.” Bank of America Securities is estimating that the Fed could spend up to $8 trillion.While the U.S. pledged to help support stocks with infinite asset purchases, it is…

Numerous parties have objected to the retention of Sullivan & Cromwell as lead counsel to FTX, citing conflicts of interest and insufficient disclosures. 432 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe CEO of crypto exchange FTX has rejected calls for its law firm Sullivan & Cromwell…

Former Google analytics advocate and current CMO for software startup Think3, Adam Singer, went on a rant about the crypto space recently. In the midst of rising prices, Adam Singer showed his disapproval of the entire crypto space, describing it as cultlike. "Bitcoin went from a creative economic experiment to cult of over exposed, get rich…

The Google-backed AI developer Anthropic raised $100 million in funding from South Korean telecommunications giant SK Telecom to bolster industry. 208 Total views 2 Total shares Artificial intelligence (AI) developer Anthropic announced on Aug. 13 that it is receiving an additional $100 million in investment from the South Korean telecommunications giant SK Telecom. According to the…

The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. 434 Total views 7 Total shares The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain.In an announcement on…

Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with self-sovereignty, however, is inheritance.An estimated 4 million Bitcoin (BTC) has been lost over time and now sits in…

Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering and…