Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. The company also revealed a purchase of nearly $20 million in mining ASICs to revamp its current equipment. Hive Doubles Down on Paraguayan Mining Bet, Announces […] Source: https://news.bitcoin.com/hive-announces-paraguayan-mining-site-construction-update-hardware-revamp/
According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) “would simply result in a massive loss of credibility for OpenAI.” Source: https://cointelegraph.com/news/elon-musk-sam-altman-openai-cryptocurrency-ico-plans-court-filing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the […] Source: https://news.bitcoin.com/jpmorgan-ceo-excluded-from-trumps-visionary-administration/
The U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY). Hartman noted that while crypto cases will not be ignored, fewer […] Source: https://news.bitcoin.com/prosecutors-ease-off-crypto-crimes-lose-spotlight-in-manhattan/
Trump’s foreign policy will target BRICS as its main adversary, aiming to disrupt the coalition and counter the influence of China and Russia, an analyst predicts. Analyst Sees the Battlefields of Trump’s Vision to Reshape Global Power At a roundtable held by the Expert Institute for Social Research (EISR) in Moscow on Friday, political analyst […] Source: https://news.bitcoin.com/breaking-brics-analyst-warns-of-trumps-bid-to-weaken-global-alliance/
ETF analyst Eric Balchunas says “the ball” is now with the Options Clearing Corporation, forecasting that spot Bitcoin ETF options will “list very soon.” Source: https://cointelegraph.com/news/cftc-united-states-spot-bitcoin-etf-options-sec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
U.S. President-elect Donald Trump has appointed former SEC Chair Jay Clayton to a key role, drawing attention to his crypto regulatory legacy and enforcement record. Former SEC Chair Steps Into a Role That Could Redefine Legal Power U.S. President-elect Donald Trump has announced the nomination of former U.S. Securities and Exchange Commission (SEC) Chair Jay […] Source: https://news.bitcoin.com/trump-appoints-former-sec-chair-to-a-role-that-could-influence-crypto-oversight/
The DOJ has sentenced the operator of Helix, a cryptocurrency mixer, to prison and ordered the forfeiture of over $400 million in assets tied to money laundering. DOJ Ends Helix’s Reign: Operator Sentenced The U.S. Department of Justice (DOJ) announced Friday that Larry Dean Harmon, 41, of Akron, Ohio, was sentenced to three years in […] Source: https://news.bitcoin.com/a-crypto-mixers-endgame-helix-operator-sentenced-with-400m-asset-forfeiture/
The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin. Institutional Investments in Bitcoin Keeps Rising The U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3 ending Sept. 30 revealed that Goldman Sachs now owns $710 million in cryptocurrency assets. The 13F report is a mandatory […] Source: https://news.bitcoin.com/goldman-sachs-bold-bet-bank-boosts-its-bitcoin-etf-stake-to-710-million/
Solidion Technology follows other institutional investors such as Microstrategy by purchasing bitcoin with a plan for future acquisitions. Strategic Bitcoin Allocation for Solidion Treasury Solidion Technology, a provider of advanced battery materials, announced on Thursday that it had invested a portion of its excess cash reserves in bitcoin. This strategic move aligns with the company’s […] Source: https://news.bitcoin.com/solidion-technology-allocates-60-of-its-cash-to-buying-bitcoin/
