Thai authorities raid illegal Bitcoin mine behind local power outages
Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs
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Ripple ‘made a mistake’ not talking to regulators early, says CEO
Ripple should have engaged with US regulators a lot earlier, says the firm’s CEO Brad Garlinghouse, who added it’s now “trying to make up for lost time.”

Bitcoin finds willing dip-buyers after BTC price wicks to key $94K low
BTC price weakness spoils a rebound from local lows as Bitcoin institutions waste no time continuing to increase exposure.

Formfunction to shutter marketplace amid Solana NFT slump
The platform didn’t disclose the reason for its closure, but Solana NFTs haven’t been having the best run lately. 46 Total views 1 Total shares Own this piece of history Collect this article as an NFTFormfunction, a Solana (SOL)-based nonfungible token (NFT) marketplace, has announced its closing up shop after only 13 months of operation…

Terra buys $200M in AVAX for reserves as rival stablecoins emerge
The two main organizations behind the development of the Terra blockchain have purchased a combined $200M in AVAX while Near Protocol is rumored to release a new stablecoin. Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have announced they have purchased a combined $200 million worth of AVAX tokens from the Avalanche Foundation. TFL, the…

German newspaper giant to axe old-school editorial staff for AI
Disclaimer: This article has been updated following a comment from a Bild Group spokesperson regarding the reason for the job cuts and the role of AI.German tabloid company Bild has denied reports it is laying off parts of its editorial team and replacing them with artificial intelligence and “automated processes.” A June 21 report from The Guardian, along…

TeraWulf launches new Bitcoin mining facility, eyes major tech partnership
TeraWulf claims to be the most profitable miner on a per-share basis, with an average production cost of $40,000 per Bitcoin.

Former pro-crypto CoC Brian Brooks to testify in a House hearing on the energy impacts of mining
Crypto allies dominate the list of witnesses slated to appear before the House Committee on Energy and Commerce. 35 Total views 1 Total shares As U.S. Congress is preparing to take a thorough look at the energy use of crypto mining, the list of witnesses for the Thursday hearing contains more proponents of blockchain technology…

Tornado Cash is the latest chapter in the war against encryption
The sanctions imposed by the United States government on Tornado Cash have reignited a public debate on privacy. For many in the relatively young crypto community, such an intervention by the federal government seems groundbreaking. However, tussles between the private sector and the state on the issue of privacy are far from new and can…