Bitcoin mining company Mawson Infrastructure Group had a record breaking month in May, producing 185 BTC worth about $3.8 million. Production levels showed an 8% month-over-month increase with a yearly increase of 362%. The company added 4,000 ASIC miners to its fleet and has expansion goals planned into Q1 2023. Mawson Infrastructure Group Inc., (NASDAQ: MIGI) a bitcoin mining company,…
Elon Musk, Tesla, and Spacex are being sued for $258 billion over claims that they “are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency.” The lawsuit states that Musk and his companies “falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all.” Lawsuit Filed Against Elon Musk,…
Watchmaker TAG Heuer has partnered with the well-known NFT community surrounding Bored Ape Yacht Club and CLONE-X to create a smartwatch that displays NFTs, and connects to crypto wallets such as MetaMask and Ledger Live. The company says that the functionality of the TAG Heuer Connected Calibre E4 will be straightforward, with NFTs being transferred to it via a paired…
Thailand’s Securities and Exchange Commission (SEC) revoked the operating license of cryptocurrency exchange Huobi Thailand on Wednesday, prompting the company to say it will soon cease operations in the country. In a statement posted to Huboi’s website, the company explained it will close the platform down permanently on July 1 and is working to contact its customers so that they…
SEC Commissioner Hester Peirce published comments challenging the regulatory agency’s position on spot bitcoin ETFs.Peirce explains the refusal of the SEC to approve spot products is “puzzling,” and explains the growth of bitcoin as a financial instrument. Grayscale has hired a top legal mind from former President Obama’s administration to fight the SEC should the fund’s ETF application be denied…
SOL was nearly 10% higher on Thursday, as crypto prices rebounded following recent losses. The rebound comes a day after the latest Fed rate hike, with TRX also gaining on the news. Solana (SOL) SOL was trading higher during today’s session, spurred by the latest Federal Reserve rate hike. Following a low of $28.46 on Wednesday, SOL/USD surged to an…
Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve’s 0.75% interest rate hike a day before. Solana price rebound fizzles Notably, SOL/USD plunged nearly 17% to $30 a token, wiping almost all the gains from June 15. The SOL price volatility liquidated almost $10 million worth of contracts in the…
This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs. Bear markets can be scary, with bitcoin dropping to unthinkable levels, leverage positions being liquidated and custodians failing on their promises. When FUD replaces FOMO, fortunes are easily lost. Keeping your head cool and your bitcoin in cold storage is imperative to survive in this unpredictable…
We’re thrilled to announce that Kraken now supports Integritee (TEER)! Funding and Trading You can add $TEER to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Clients that used Kraken to participate in the Parachain auction bid of these networks have now received their auction reward. Trading for both assets will begin June 16. What…
Tesla temporarily embracing Bitcoin (BTC) as a method of payment for its products was conceivably one of the catalysts that pushed asset prices to record highs last year and put the spotlight on crypto legitimacy — particularly in the realm of payments. Moreover, crypto enthusiasts had lauded the fact that Tesla even set up its own node to accept BTC…
