A lot has happened in crypto over the past seven days. One of the top stories involves the Bitcoin halving event, which took place on Saturday. Following the halving, Bitcoin miners will…
Category: Crypto Mining
SEC Charges HyperVerse’s $1.7 billion ‘Ponzi’ Masterminds
A newly filed SEC complaint shows that at one point, the supposed ‘Ponzi’ scheme engaged an actor living in Thailand to act as the chief executive officer when it was unveiled in…
Estonian Government to Extradite HashFlare Masterminds
The Estonian government announced that it satisfied the conditions stipulated by the Court for extradition of the masterminds behind the HashFlare Ponzi scheme. Estonian pair Ivan Turogin and Sergei Potapenko are due…
Ex-IcomTech Chief to Serve Five-Year Sentence for Wire Fraud
Judge Jennifer Rochon instructed Marco Ochoa to surrender $914,000 and present himself to authorities by March 19. Marco Ochoa, the ex-chief executive officer of IcomTech, a crypto mining company, has gotten a…
TeraWulf, Riot, and CleanSpark Demonstrate Preparedness for Bitcoin Halving
According to CoinShares, the average production cost for crypto miners after halving will be nearly $37,856 for every Bitcoin. CoinShares, an asset manager, claims that TeraWulf, Riot, and CleanSpark are three Bitcoin…
CoinShares Reports Riot Blockchain, CleanSpark, and TeraWulf Optimally Positioned for Bitcoin Halving
CoinShares has, in its latest statement, estimated the cost incurred to produce Bitcoin to average $37,856 post-halving. The publication hails Riot Blockchain, CleanSpark, and TeraWulf for their readiness to handle the spike…
Marathon Digital Realize Trades Hit $327M, making it the most traded stock of the day
In the past 24 hours, Marathon Digital has traded more than 105 million shares, surpassing Apple, Tesla, and Amazon. Marathon Digital, a Bitcoin miner, has witnessed its stocks topping the charts for…
Tether Chief Paolo Ardoino Labels $1B USDT Mint as Inventory Replenishment
The world’s largest stablecoin triggered skepticism from the community for minting $1 billion USDT on Christmas Day. Tether’s chief executive Paolo Ardoino calmed such concerns, indicating that the minting involved authorized and…
Marathon Digital Acquires $178M Mining Sites, Prepares for Bitcoin Halving
By adding two sites, Las Vegas-headquartered Bitcoin mining firm Marathon Digital Holdings accelerated its preparation for looming mining. The Bitcoin Miner revealed in Tuesday’s December 19 statement its continued preparation for the…
Grayscale CEO Predicts Spot Bitcoin ETF to Bring $30 Trillion Inflow
In an interview with CNBC, Grayscale Investments chief executive Michael Sonnenshein expressed optimism about the anticipated approval of spot Bitcoin exchange-traded funds(ETFs). He projected that the approval of the investment vehicle that…
Cantor Fitzgerald Chief Executive Optimistic on Bullish Bitcoin Halving
In his recent pronouncement, Cantor Fitzgerald chief Howard Lutnick expressed optimism in Bitcoin sustaining bullish steam. Unlike Bitcoin, he profiled altcoins as make-believe, which portrays its uncontrollable nature. Lutnick declared his discipleship…