Marathon Digital Announces 467% Increase in BTC production
Marathon announced a 467% increase in BTC production year-on-year in the third quarter, while hashrate rose over 400% in the same timeframe. The revenue of Marathon Digital Holdings, a company that mines Bitcoin, increased by 670% annually during the third quarter of 2023, as Bitcoin production increased by nearly fivefold. Marathon also turned a profit […]
SEC Probes Terraform Labs Deal with Former Jump Crypto CEO
The SEC is investigating Kanav Kariya’s secret agreement with Do Kwon, the president of Terraform Labs, during the collapse of the stablecoin TerraUSD. The SEC is investigating whether Kanav Kariya, the former CEO of Jump Crypto, a leading crypto trading firm, entered into a secret agreement with Do Kwon, the president of Terraform Labs. This […]
Gary Gensler Gives Condition to Allow FTX Reopening
Tom Farley or any other FTX acquiring party that wishes to reopen the exchange must comply with SEC law, according to the chair of the SEC. The present management team at FTX is diligently striving to restore operations to the exchange. Recent reports also indicate that Tom Farley, the former president of the NYSE, has […]
SEC’s Window to Approve all 12 spot Bitcoin ETFs Begins Today
The SEC may approve all twelve spot Bitcoin ETF filings during an eight-day period between November 9 and November 17. Within eight days, the United States Securities and Exchange Commission may approve all twelve pending spot Bitcoin exchange traded fund (ETF) applications. James Seyffart and Eric Balchunas, ETF analysts at Bloomberg, wrote that the SEC […]
CoinSpot Reportedly Suffers $2M Hack
According to CertiK, the depletion of a CoinSpot hot wallet worth $2.4 million was most likely due to a “private key compromise.” According to reports, CoinSpot, an Australian cryptocurrency exchange, was compromised for $2.4 million in a “probable private key compromise” involving at least one of its hot wallets. As per a Telegram message published […]