The bitcoin mining company Cleanspark revealed on Wednesday that the company has signed a purchase agreement for 10,000 new Bitmain Antminer S19j Pro mining rigs for $28 million. Cleanspark expects the machines to be delivered to the company’s facilities by the end of October or early November 2022. Cleanspark Inks Deal with Cryptech Solutions — Purchases 10,000 New Antminers Bitcoin…
For a while there, it looked like Circle’s USDC stablecoin was within range to overtake Tether, its biggest competitor. Starting in June and through the end of July, the gap between the two stablecoins’ market capitalizations hovered around $10 billion. While that’s still a pretty sizable lead, keep in mind that USDT and USDC started the year with $36 billion…
The United Kingdom’s independent advertising regulator has upheld a complaint involving former reality show Love Island contestants Eve and Jessica Gale for “triviali[zing] investment in cryptocurrency.” In a Wednesday notice, the U.K. Advertising Standards Authority, or ASA, said the reality stars promoted crypto in an Instagram story in June at the request of an influencer named Elizabeth O’Donell and upheld…
Players in developing countries could work as NPCs in wealthier players’ worlds, according to one game consultant. “With the cheap labor of a developing country, you could use people in the Philippines as NPCs (non-playable characters), real-life NPCs in your game,” said Mikhai Kossar, who is a chartered accountant and member of WolvesDAO. Kossar told Rest of World that players…
With the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from significant financial hardships stemming from the Ukraine-Russia war, and just recently the Kremlin disrupted the European Union’s main gas supplies. Now members of the European Commission and G7 finance ministers are…
Bitcoin (BTC) crashed below $19,000 on Sept. 6, driving the price to its lowest level in 80 days. The movement not only completely erased the entirety of the 32% gains accrued from July until Aug. 15, it also wiped out $246 million worth of leverage long (buy) futures contracts. Bitcoin price is down for the year but it’s important to…
The UK’s advertising regulator today warned “Love Island” stars, the Gale twins, from posting “irresponsible” cryptocurrency investment ads. Social media influencers Eve and Jessica Gale, who starred in the popular British reality TV show in 2020, both posted Instagram stories promoting a crypto investment scheme, according to the Advertising Standards Authority (ASA). One of the stories, posted in June by…
In this week’s nonfungible token (NFT) newsletter, read about OpenSea and its commitment to the Ethereum Merge. Check out a project that aims to introduce Web3 to the opera scene and how ENS domains surpassed Bored Apes in terms of trading volume. In other news, learn about how the NFT giveaway of Rug Pull Finder was exploited. And, don’t forget…
Bankrupt centralized crypto lender Voyager Digital filed a notice Tuesday with United States Bankruptcy Court for the Southern District of New York informing the court of its intention to hold an auction of its remaining assets. The auction is proposed to take place on Sept. 13 at the Manhattan office of Digital Voyager’s investment banker Moelis & Company, with a…
Binance US is the latest major crypto exchange to launch Ethereum staking on its platform. The company announced on Wednesday that users can now stake the second-largest cryptocurrency by market cap and earn rewards at a starting rate of 6% APY. That’s a sizable step above major competitors like Lido and Coinbase, which currently offer 3.5% and 3.25% APY, respectively,…
