DIMO Network, a decentralized automotive data insight network, today launched its mainnet, which aims to give users more control over— and potentially earn rewards from — driving data. Users tha...
Tag: Crypto infrastructure
Bitcoin miner Argo accidentally said it’s filing for Chapter 11, but is actually trying to avoid that fate by selling assets
Bitcoin miner Argo is looking to sell assets and get a loan as it seeks to avoid bankruptcy as it runs low on cash and after it accidentally published a document implying it would file for Chapter 11....
Bitcoin miner TeraWulf ups hashrate guidance by 16%, raises $10 million as shares plummet
Bitcoin miner Terawulf will grow faster than expected into early 2023 despite industry woes as it bumped its hashrate guidance for the first quarter of next year up 16%. Shares tumbled more than 30%. ...
Bank of England opens bids for CBDC sample wallet proof of concept
The Bank of England is seeking a proof of concept for a sample wallet for a Central Bank digital currency and will take applications through Dec. 23. While the bank said it will not develop a us...
Caroline Ellison hires former SEC crypto regulator as lawyer for FTX probe: Bloomberg
Former Alameda Research head Caroline Ellison hired a former crypto regulator at the U.S. Securities and Exchange Commission to represent her in an ongoing federal probe into the collapse of the FTX e...
TeraWulf, Core Scientific among top performers
Bitcoin mining stocks tracked by The Block showed mixed results on Friday, with about half trading up and the other half down. Bitcoin prices fell slightly to around $17,100 by market close, acc...
Bitcoin miner 360 Mining raises $2.25 million as it scales natural gas production
Bitcoin miner 360 Mining raised $2.25 million in a new funding round and plans to deploy the funds to increase natural gas production and mining capacity. The company’s plans were reveale...
TeraWulf shares up 27% as stocks rally
Most mining stocks tracked by The Block rose on Thursday, following bitcoin’s upward trajectory. The coin was trading at around $17,200 by market close, according to data from TradingView....
Bitcoin miner Marathon won’t bid on bankrupt Compute North’s assets, CEO says
Crypto miner Marathon is not looking to buy any assets from bankrupt hosting provider Compute North, after considering a bid for a stake in the 280-megawatt wind power facility in Texas where it runs ...
Marathon shares fall 7% after November operational update
Almost all of the bitcoin mining stocks tracked by The Block traded lower on Wednesday, and three firms saw double-digit declines. Bitcoin was trading at around $16,800 by market close, accordin...
The Block: Bitcoin Mining stock report: Tuesday, December 6
Most bitcoin mining stocks tracked by The Block traded lower on Tuesday, some showing double-digit declines. Bitcoin was trading at around $17,000 by market close, according to data from Trading...
Hedge fund Fir Tree files lawsuit against Grayscale: Bloomberg
Hedge fund Fir Tree Capital Management is suing crypto investment fund Grayscale Investments for information to investigate potential mismanagement and conflicts of interest, Bloomberg News reported, ...
Paraguay legislature strikes down crypto mining bill
Paraguay struck down a crypto bill that would cap electricity rates for mining operations. The bill was generally aimed at regulating the commercialization, intermediation, exchange, transfer, c...
Bitcoin mining difficulty falls 7.2% in sign unprofitable machines are being unplugged
Bitcoin mining difficulty is down 7.2%, the biggest drop since July 2021, according to an update posted on BTC.com. It’s the largest single step down since a nearly 28% plunge following Ch...
Bitcoin mining difficulty falls TK% in sign unprofitable machines are being unplugged
Bitcoin mining difficulty is down 7.2%, the biggest drop since July 2021, according to an update posted on BTC.com. It’s the largest single step down since a nearly 28% plunge following Ch...
The Block: Mining stock report: Monday, December 5
Most bitcoin mining stocks tracked by The Block traded lower on Monday, with a couple of of firms seeing double-digit declines. Bitcoin was trading at around $16,900 by market close, according t...
The Block: Bitcoin mining stock report: Friday, December 2
Bitcoin mining stocks tracked by The Block were mixed, with several stocks seeing double-digit gains. Bitcoin was trading around $17,030 at the time of market close. (BTC to USD ch...
BlockFi’s bankruptcy is the latest blow for a bleeding Bitcoin mining industry
As if crashing crypto assets, high energy prices and increasing difficulty in mining weren’t enough, now Bitcoin miners face the fallout from BlockFi’s bankruptcy protection filing. ...
Bitcoin’s mining difficulty set for largest single drop of 2022
It’s a sign of the times: the next bitcoin mining difficulty update might be the largest drop this year. The adjustment is projected to happen in the early hours of next Tuesday and could ...
GBTC’s near $11 billion assets under management pose a risk in the bear market: UBS
Your size is not Grayscale’s size Grayscale’s size can be extremely problematic in a bear market, Kachkovski said. Any sale would widen the GBTC discount further but not necessarily affec...
Galaxy Digital to acquire custodian GK8 from bankrupt Celsius
Galaxy Digital agreed to purchase high-security custodian GK8 from bankrupt crypto lender Celsius. Galaxy will support GK8’s self-custody solution in the ongoing development of GalaxyOne,...
Bitcoin mining revenues fell 20% in November
Bitcoin mining revenues fell 19.9% in November to about $472.64 million, according to data compiled by The Block Research. The cryptocurrency’s price, which had been hanging around the $19...
The Block: Bitcoin mining stock report: Thursday, December 1
Bitcoin mining stocks tracked by The Block showed mixed results, with about half trading up and the other half down. Bitcoin was trading at around $16,900 by market close, according to data from...
Apple disables version of Coinbase Wallet over NFT gas fees
Apple blocked the latest version of Coinbase Wallet until a feature that allows users to send NFTs over iOS is disabled, according to the exchange. “Apple’s claim is that the gas fees required t...
Decentralized crypto exchange volumes nearly double in November amid FTX debacle
Cryptocurrency exchange volumes jumped in November from the previous month as the collapse of FTX roiled markets, with decentralized platforms seeing an increase of 93%. Centralized (CEX) exchan...
TP ICAP gets FCA approval to offer crypto services to institutional clients
Capital markets firm TP ICAP has received approval from the UK’s Financial Conduct Authority (FCA) to register as a cryptoasset exchange provider. TP ICAP’s new exchange, known as F...
The Block: Bitcoin mining stock report: Wednesday, November 30
Most bitcoin mining stocks tracked by The Block rose alongside Bitcoin, which returned to the $17,000 level by market close, roughly a 3.6% increase from yesterday, according to data from TradingView....
BlackRock Chief Executive Fink said firm invested $24 million in FTX
BlackRock Chief Executive Larry Fink said that the firm invested $24 million in FTX through a fund of funds it manages, according to Reuters. He also said that there were some misbehaviors at th...
FTX CEO stresses Bankman-Fried, Ellison no longer involved in operations
FTX CEO John Ray stressed in a company all-hands this week that the firm has not been communicating or “dealing with” former senior executives, including its co-founder Sam Bankman-Fried. ...
Ether storage coming to Casa as centralized exchanges lose their luster
Crypto firm Casa will offer customers the ability to store ether, with its CEO referencing the FTX collapse as a reason for its appeal. “A lot of people learned the hard lesson of why holding yo...