The Supreme Court of British Columbia has approved plans for Bitcoin miners Hut 8 and US Bitcoin Corp to unite as one company—but the deal isn’t finalized just yet. As originally announced in February, Canada’s Hut 8 Mining (which trades on the Toronto Stock Exchange and Nasdaq under the HUT ticker) and America’s US Bitcoin Corp are seeking a business…
Venture capital group Blockchain Capital announced the closing of two new funds, totalling $580 million, for investment in infrastructure, gaming, DeFi and consumer/social technologies. The funds will operate as Blockchain Capital’s sixth early stage fund and its first “opportunity fund,” with the latter serving as an inroad to companies who’ve already secured major funding elsewhere. We’re thrilled to share the…
Generative art has exploded in popularity alongside NFTs—and is drawing further attention as AI becomes an increasingly powerful and accessible tool for artists. But generative art as a concept predates NFTs and the recent upsurge of interest in AI. A new London exhibition, GEN/GEN: Generative Generations, running at Mayfair’s Gazelli Art House until October 7, aims to highlight the history…
The U.S. Federal Reserve made a significant announcement on Sept. 14, revealing accumulated losses of $100 billion in 2023. What’s more, this situation is expected to worsen for the Fed, according to Reuters. But for risk assets like Bitcoin (BTC), this may actually be a blessing in disguise. The Fed in the red The primary reason behind this financial setback is…
The Stoner Cats NFT project can no longer be traded at prominent marketplaces like OpenSea, Blur, and Rarible. The moves follow last week’s announcement that the United States Securities and Exchange Commission (SEC) had charged the creators with selling unregistered securities. The Ethereum NFTs—which are tied to a celebrity-packed animated series—were initially sold in 2021 and have been available to…
Tom Emmer, majority whip of the United States House of Representatives and crypto proponent, says that digital assets have become a “sleeper issue” in U.S. politics, both at the state and federal levels. Speaking to Cointelegraph at the Permissionless II conference in Austin, Texas on Sept. 11, Emmer said certain candidates running for office in 2024 may underestimate the impact…
The U.S. Securities and Exchange Commission has gone after Binance US again, demanding that it cooperate and likening its investigation into the crypto exchange as “navigating a house of mirrors.” The top regulator accused Binance US—which operates as BAM Trading Services Inc—of “half-hearted claims of irrelevance, prejudice, and burden” in Monday court documents. Wall Street’s biggest regulator in June hit…
The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has produced only 220 documents during the discovery process. Many of those materials “consist of unintelligible screenshots and documents without dates or signatures,” the…
Binance CEO Changpeng Zhao played it cool in the hours leading up to the hearing in District of Columbia District Court on Sept. 18, posting a picture of branded merchandise with a cheery message about the company’s interns. He is likely to pay close attention to the court proceedings, however, as the disagreement between the United States Securities and Exchange…
Citigroup has introduced Citi Token Services, a private, permissioned blockchain to offer cross-border payments, liquidity, and automated trade finance solutions to institutional clients. The new services “will integrate tokenized deposits and smart contracts into Citi’s global network,” according to a statement. Citi Treasury and Trade Solutions (TTS), which has banking licenses in over 90 countries, has completed two pilots…
