Bitfarms Plans to Upgrade Mining Hardware With $240M
Bitcoin miner Bitfarms plans to upgrade its mining hardware with an expenditure of around $240 million to increase its hash rate after the 2024 Bitcoin halving. Performance and profitability are the main priorities of Bitfarms’ preparation efforts for the Bitcoin halving. In an interview, Jeffrey Lucas, the chief financial officer of Bitfarms, outlined the company’s […]
Bitfinex Launches Bitcoin, Ether Volatility Futures
Bitfinex exchange has launched new Bitcoin and Ether volatility futures for investors in response to a recent spike in crypto market volatility. Two new perpetual futures contracts are now being traded on Bitfinex’s derivatives platform Bitfinex Derivatives, powered by iFinex Financial. The company made this announcement to Cointelegraph on April 3. The Ethereum Implied Volatility […]
Crypto Derivatives Platform Deribit Relocates Headquarters to Dubai
After securing a regulatory license, Deribit is set to move its headquarters to Dubai to provide spot and crypto derivatives trading, such as futures and options. Deribit announced on April 2 that Dubai’s Virtual Asset Regulatory Authority (VARA) has granted a Virtual Asset Service Provider (VASP) license to Deribit FZE, the group’s Dubai affiliate. Thanks to […]
Ethena Airdrop Recipient Gets Nearly $2M Worth of Tokens
On April 2, the largest beneficiary of the Ethena Labs airdrop got over $2 million worth of Ethena (ENA) tokens out of $450 million. Wallet 0xb56 received 3.3 million Ethena tokens valued at $1.96 million, according to an April 2 X post by Arkham Intelligence that analyzed on-chain data. The April 2 airdrop by Ethena […]
Crypto.com Exchange Expands Operation in South Korea
Crypto.com exchange will make its cryptocurrency trading application available to retail investors in South Korea starting April 29 despite heightened crypto regulatory measures. South Korean users will initially have access to over 150 cryptocurrencies and non-fungible tokens (NFTs) via the Crypto.com app. This market segment is crucial to the company’s expansion, according to an April […]