Ripple must provide financial statements at SEC’s request, judge rules
The U.S. Securities and Exchange Commission (SEC)’s request to have Ripple produce certain information has been granted by a judge. Though the SEC’s case against Ripple has otherwise concluded, the...
View ArticleBitcoin miners slam US government planned survey as ‘Operation Chokepoint 3.0’
The U.S. authorities’ planned survey of Bitcoin miners’ electricity usage has drawn steep criticism from the mining community, describing it as the genesis of “Operation Chokepoint 3.0.” Miners...
View ArticleGenesis’ bankruptcy plan faces pushback from parent company DCG over creditor...
Digital Currency Group (DCG), the parent company of the defunct crypto lender Genesis, has filed an objection against the approval of its subsidiary’s bankruptcy plan, which was created via a...
View ArticleSEC delays Invesco Galaxy spot ETH ETF, but May decisions are still expected
The U.S. Securities and Exchange Commission (SEC) extended the decision period for Invesco and Galaxy’s spot Ethereum ETF on Feb. 6. The agency’s announcement specifically concerns a proposed rule...
View ArticleCongress should allow crypto to be regulated beyond securities laws: U.S....
Janet Yellen, U.S. Secretary of the Treasury, affirmed the need to regulate the cryptocurrency sector beyond securities laws on Feb. 6. Yellen made those remarks during a hearing before the U.S. House...
View ArticleMicroStrategy bought $1.25B of Bitcoin in Q4, holdings now worth $8 billion
Business intelligence firm MicroStrategy announced its Bitcoin acquisitions for the fourth quarter of 2023 in a press release on Feb. 6. MicroStrategy President and CEO Phong Le said: “2023 was an...
View ArticleCleanSpark announces acquisition of four Bitcoin mining facilities
Bitcoin mining firm CleanSpark said that it will acquire four new mining facilities in a press release published on Feb. 6. The company said it has entered definitive agreements to acquire three...
View ArticleRipple requests deadline extension, citing voluminous SEC document demands
Ripple has requested an extension until Feb. 20 to provide the U.S. Securities and Exchange Commission (SEC) with the essential financial documents the court approved. “Ripple requests this extension...
View ArticleClik here to view.
Australian Bitcoin miner Iris sets 20 EH/s hash rate target as US mining falters
Australian Bitcoin mining company Iris Energy has outlined ambitious plans to ramp up its hash rate to 20 exahashes per second (EH/s) by the latter part of this year, as detailed in a Feb. 7 update. To...
View ArticleProsecutors raise concerns over lawyers defending SBF, Mashinsky
U.S. prosecutors have requested a special hearing to delve into potential conflicts of interest involving lawyers representing two notable figures in the crypto world: Sam Bankman-Fried (SBF), the...
View ArticleArk and 21Shares amend spot Ethereum ETF with cash creation/redemption policy
Ark Invest and 21Shares amended their joint application for a spot Ethereum exchange-traded fund (ETF) in a Feb. 7 S-1 filing. According to one section, financial firms that are allowed to purchase and...
View ArticleClik here to view.
Could Bitcoin echo GameStop with a Mother Of All Supply Squeezes? Maybe
The 2021 GameStop saga, recently featured in a Netflix movie, may have unexpected parallels with Bitcoin, particularly in the context of a potential supply crunch. Echoes of the Reddit-fueled’ mother...
View ArticleRepublican senators slam Gensler’s SEC over mishandling DEBT Box case
Several Republican senators have criticized the SEC’s recent mishandling of the DEBT Box case as “unethical” and raised questions about the watchdog’s regulatory approach under the leadership of chair...
View ArticleFormer SEC chief criticizes NBA handling of controversial crypto partnerships
The National Basketball Association (NBA) should be held responsible for the alleged misconduct of its teams, according to a former official of the US Securities and Exchange Commission (SEC). On Feb....
View ArticleNYAG raises DCG, Genesis lawsuit to $3B amid conflicting settlement reports
The New York Attorney General’s Office (NYAG) raised its fraud claims against Digital Currency Group (DCG) and related parties on Feb. 9. The NYAG’s lawsuit originally alleged over $1 billion in...
View ArticleOpenAI’s Sam Altman seeking $7 trillion to solve the global chip shortage...
Tech entrepreneur Sam Altman is reportedly looking to raise between $5 trillion and $7 trillion to help fund the production of microchips to increase availability for AI and machine learning, the Wall...
View ArticleMicrosoft to air Copilot ad during Super Bowl LVIII
Microsoft is set to advertise its popular artificial intelligence product, Copilot, during the Super Bowl LVIII on Sunday, Feb. 11, according to a Feb. 7 blog post. Microsoft executive Yusuf Mehdi...
View ArticleCalifornia’s 8.2 million crypto owners poised to influence 2024 elections –...
A recent study conducted by Toluna for Coinbase reveals that crypto users in California are poised to significantly influence the state’s political direction in the 2024 elections. With an estimated...
View ArticleCourt orders Elon Musk to testify in SEC inquiry over Twitter acquisition
Elon Musk has been compelled to testify in a US Securities and Exchange Commission (SEC) inquiry regarding his acquisition of social media platform Twitter, now rebranded as X, as per a court filing....
View ArticleGrayscale, DCG stand against Genesis plan to liquidate $1.6 billion in trust...
Crypto firm Digital Currency Group (DCG) and Grayscale objected to bankrupt lender Genesis‘ move to divest its assets, including Grayscale’s Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and...
View Article
