In brief Dogecoin is down 8% so far today, shedding some of the price boost it saw on Monday. DOGE popped on Monday upon news of Elon Musk acquiring Twitter. Dogecoin had a banner day yesterday, with the leading meme cryptocurrency popping in value upon news that Tesla CEO and DOGE superfan Elon Musk would acquire Twitter. It pumped as…
CleanSpark has closed $35 million in non-dilutive financing from Trinity Capital Inc. The loan is collateralized by 3,336 S19j Pro miners at a 9.9% interest rate. CleanSpark intends to use the financing to fuel growth capital expenditures. CleanSpark (Nasdaq: CLSK), a sustainable bitcoin mining and energy technology company, has closed $35 million in non-dilutive financing from Trinity Capital Inc (Nasdaq:…
The National Assembly of Panama has advanced a cryptocurrency law project that seeks to regulate cryptocurrency activity to give more clarity to the sector in the country. The proposal, which was approved in the first discussion, was composed of two different projects presented to the economic affairs commission of the Assembly. Panama Moves to Regulate Crypto Assets Panama…
Two former Jefferies Financial Group executives are set to launch a new cryptocurrency exchange designed for institutional investors. Named Crossover Markets Group Inc. the exchange is set to debut in “late summer to early fall” following the closure of a recent seed funding round. The Crossover Markets’ website describes the new exchange as a “digital asset exchange designed to meet…
Optimism PBC, the company behind the eponymously named Ethereum scaling protocol, today announced that it has created its own DAO—known as the Optimism Collective—and will be airdropping OP tokens to 267,000 Ethereum wallet addresses. DAOs, short for decentralized autonomous organizations, are blockchain-based groups that collectively make decisions—and typically use a group’s native token to do so. In this case, the…
The Human Rights Foundation (HRF) will award a total of 5 BTC in the latest round of gifts from its Bitcoin Development Fund. Over the past two years, HRF has allocated more than $1.2 million worth of grants to over 30 developers and educators around the world. Proposals for support can be submitted over email, while gifts can be made…
A South Korean music sharing platform, Koong World, recently announced the registration of a non-fungible token (NFT)-based music theft prevention patent. Using this patent, the music sharing platform aims to “solve the problem of copyright protection in the rapidly growing music market.” Tackling the Problem of Copyright Infringement in the Music Industry A South Korean peer-to-peer music sharing platform, Koong…
The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations. The bill sponsored by Anna Kelles would not only impose a two-year hold on approval of any new Bitcoin mines,…
Popular retail trading platform Robinhood has fired 9% of its workforce amid a firesale of its stock that has seen HOOD plunge to all-time lows. In the past 30 days alone, HOOD has tanked roughly 38% to sit at $9.99 at the time of writing, marking the lowest price since the initial public offering (IPO) launch in mid-2021. The decline…
In brief El Salvador made Bitcoin legal tender last year. A new report says that not many citizens are actually using the cryptocurrency. Bitcoin is struggling in El Salvador, the first country to make the asset legal tender, according to a new report. A survey conducted by the National Bureau of Economic Research concludes that, despite El Salvador’s Bitcoin Law,…
