The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy announced on Wednesday that it acquired the operating assets of Great American Mining (GAM). The acquisition gives Crusoe over 10 megawatts (MW) of mining capacity and 4,000 ASIC mining rigs. Digital Flare Mitigation Firm Crusoe Energy Acquires Great American Mining’s Assets, Acquisition Adds Approximately 9% to Company’s Capacity On October 12, 2022, the…
FTX CEO Sam Bankman-Fried took to Twitter on Wednesday to unpack the lessons from Tuesday’s Mango Markets hack. And he had DeFi oracles in his crosshairs. “When it comes to oracles, you just have to make up your own damn mind,” he said. Oracles take off-chain, real-world data and make it usable on a blockchain. Oracles open smart contracts—programs that…
Kim Kardashian disclosed that she was paid for promoting Ethereum Max — but didn’t tell her followers the exact amount. The SEC did the right thing when it fined her for that oversight. Source: https://cointelegraph.com/news/the-sec-was-right-to-whack-kim-kardashian-for-shilling-ethereum-max
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies. Source: https://cointelegraph.com/news/many-crypto-asset-activities-pose-novel-risks-to-banks-says-fed-vice-chair-for-supervision
Bitcoin’s price barely moved Wednesday as traders awaited important inflation data due to be released Thursday. The biggest cryptocurrency by market cap was trading for $19,142 at the time of writing—a minimal 24-hour increase of 0.7%. Tomorrow, the U.S. Bureau of Labor Statistics will release the consumer price index (CPI), a report that measures price changes in a basket of…
The acting U.S. official added nuance to his well known skepticism about the crypto industry, but warns against accommodation, in speeches on risk and regulation. Source: https://cointelegraph.com/news/acting-coc-michael-hsu-crypto-is-immature-but-maybe-it-doesn-t-have-to-go-away
The city will allow taxpayers to make crypto payments through third-party service providers. Source: https://cointelegraph.com/news/brazil-s-rio-de-janeiro-will-accept-crypto-payments-for-property-taxes
Crypto policy non-profit Coin Center filed a federal lawsuit against the US Treasury Department’s Office of Foreign Asset Control (OFAC) on Wednesday, claiming the government agency unlawfully overreached its authority when it criminalized interaction with Ethereum coin-mixing tool Tornado Cash in August. With Wednesday’s lawsuit, Coin Center made good on a promise made in the days following the unilateral ban…
Four legal claims were dismissed by the court, while three others were allowed to proceed. Source: https://cointelegraph.com/news/court-partially-denies-aptos-lab-s-motion-to-dismiss-glazer-s-1-billion-lawsuit
STEPN is taking a step back. The “move-to-earn” fitness app has laid off over 100 contract workers. including community moderators, ambassadors, and others, according to reports from the South China Morning Post and crypto news writer Colin Wu of Wu Blockchain. Launched in 2021, STEPN is an app where users buy virtual running shoes as NFTs which allow them to earn…
