Bitcoin miner Northern Data claims it has no financial debt
Mining company Northern Data expects to generate upward of $202 million to $206 million in revenue from crypto-mining operations this year. German Bitcoin (BTC $16,782), according to a letter to shareholders from CEO Aroosh Thillainathan dated December 21. The mining business Northern Data anticipaqtes that its revenue from cryptocurrency mining operations would reach $202 million […]
Ankr claims ex-employee caused $5M exploit
The Ankr team has alerted relevant authorities and is seeking to prosecute the attacker while also shoring up its security practices. A release from the Ankr team on December 20 stated that a former team member was responsible for a $5 million hack of the Ankr protocol on December 1. By incorporating harmful malware into […]
Coinbase Secures Regulatory Approval In Ireland
Coinbase was granted approval by the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). Bitcoin exchange According to a statement made on December 21 by the Central Bank of Ireland, Coinbase has been given authorization to function as a Virtual Asset Service Provider (VASP). Cormac Dinan, a former employee of […]
Alaska adds ‘virtual currency’ to its regulatory regime
From 1 January 2023, companies dealing in crypto will have to obtain a money transmission licence in Alaska. The word “virtual currency” will replace it in Alaska’s rules on money transmission as of January 1, 2023. It will require businesses using digital currencies to apply for a state license for money transmission. According to information […]
AMF Blacklists Only Two Crypto Websites In 2022
The AMF and ACPR have blacklisted only two crypto-related websites amid the bear market of 2022 versus 24 such websites last year. French financial regulators have added a new batch of connected websites to their blacklist as they continue to identify illegal participants in the foreign exchange and cryptocurrency markets. On December 21, the Prudential […]