Genesis Digital Assets to Launch Flare Gas Powered Bitcoin Mining Site in Argentina

Genesis Digital Assets, a leading digital miner, has partnered with YPF Luz, an Argentine power company, to receive power from a flare gas installation to operate a bitcoin mining site in Argentina.... Read more »

House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto

The U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce regulatory... Read more »

Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the... Read more »

SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of noncompliance. While noting that crypto is a small piece... Read more »

Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities

Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions... Read more »

Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April

North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of... Read more »

India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor

India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has... Read more »

US Authorities Charge Man in Connection With $43 Million ‘Classic’ Ponzi Scheme

U.S. authorities have charged a man they accuse of operating a Ponzi scheme, which purported to invest in a cryptocurrency trading enterprise. The operator of the scheme is accused of defrauding investors... Read more »

Philippines Regulator to Unveil Cryptocurrency Regulatory Framework in Second Half of 2024

Emilio B. Aquino, chairperson of the Securities and Exchange Commission in the Philippines, announced plans to introduce a regulatory framework for cryptocurrency in the latter half of 2024. Aquino expressed optimism that... Read more »

SEC Issues Wells Notice to Robinhood Over Crypto Operations

A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in... Read more »
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