Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands, has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized society. Speaking at Korean Blockchain Week 2022 (KBW), the Hong Kong entrepreneur noted that we’re all “digital dependents” and “data is the resource of metrics” that bring value to platforms like…
Vespene Energy raised $4.3 million to help cities mine bitcoin.Vespene’s structure encourages municipalities to become involved in the mining ecosystem. The first pilot location will be in central California. Vespene Energy, a methane mitigation company providing bitcoin mining infrastructure, closed a $4.3 million funding round led by Polychain Capital to launch net carbon-negative bitcoin mining, per a press release sent…
Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year. The company revealed that even having increased its production by 8% when compared to Q2 2021, it recorded an impairment of $127.6 million on bitcoin holdings due to the fall of bitcoin prices in this…
CleanSpark acquired an operationally ready bitcoin mining facility in Washington, Georgia.The facility was owned by bitcoin mining company Waha Technologies and is scalable to 86 MW.CleanSpark also purchased an additional 3,400 Antminers which will add over 340 PH/s to the company’s hash rate capacity. CleanSpark Inc, a North American sustainable Bitcoin mining company, has acquired an active mining facility in…
press release PRESS RELEASE. St. Barth, August 9, 2022 – KQuasars launches new astrophysical NFT collection. After studying with renowned physicists, meeting the CERN team and paying close attention to LIGO’s work, Kay Quattrocchi has joined forces with his son Harrisson Bordjel, inspirator and co-creator, and Sander Sturing a generative artist from the Netherlands, to build a black hole and…
Marathon Digital Holdings Inc. (NASDAQ: MARA), a leading cryptocurrency mining company, has reported a net loss of $191.6 million (or $1.75 per share) as its Bitcoin production slumps. The firm reported producing 707 Bitcoin in Q2 2022, a 44% decline from the previous quarter. In Q1 2022, the company produced nearly 1,259 Bitcoin. The quarterly production drop is primarily attributed…
Troubled crypto exchange Zipmex slated August 11 and August 16 for the release of Ethereum and Bitcoin, respectively, after halting withdrawals in July, the firm’s announcement read. “We will be issuing frequent updates on our plans and timelines to release the remaining affected assets to users via each country’s official communications channels,” according to the announcement. On July 20, Zipmex…
Mark Cuban, investor, Shark Tank star, and owner of the Dallas Mavericks is skeptical when it comes to the concept of the metaverse. In a recent interview, when asked about the definition of the metaverse, Cuban stated that the metaverse was “anything you want it to be,” declaring that buying land in the metaverse was the “dumbest sh*t ever.” …
The Reserve Bank of Australia weighs in the central bank digital currencies (CBDCs) race to explore use cases for a CBDC in the country. It will collaborate with the Digital Finance Cooperative Research Centre (DFCRC) on a respective research project. As stated in an announcement from Aug. 9, the joint project of the Reserve Bank and DFCRC will focus on…
South Korea is considered the fourth biggest gaming market and one of the biggest blockchain adopters. However, the country has banned play-to-earn (P2E) blockchain games due to the crypto integration. The new pro-crypto president Yoon Suk-yeol had hinted at lifting the ban, but the government yet to showed any significant effort. Anthony Yoon, managing partner of blockchain investment and accelerator…
