SDIG Returns 26,000 Rigs to Eliminate Debt
Stronghold Digital Mining (SDIG), a bitcoin mining firm located in the US, reveals fresh steps to increase outstanding debt and reorganize its financial operations on Tuesday. SDIG intends to release 26,000 of its mining rigs, of which 18,700 are now operational, under an arrangement with lender New York Digital Investment Group (NYDIG). The sale will […]
Latest Meme Tokens Rallies Rejected By Crypto Analyst
In the past, meme tokens rallies have been similar to record-setting art auction prices in predicting the top of the market. It might be different this time. Meme tokens are on the rise again and are doing better than bitcoin and ether. Analysts say that while this has always been a sign of a market-wide […]
Tornado Cash ban spells disaster for Web3 privacy protocols
There are growing worries that the recent penalties imposed by the US government on Tornado Cash could create a “slippery slope” for Web3 privacy and ultimately render the medium “meaningless.” Shumo Chu, co-founder of the privacy protocol Manta Network, voiced concerns about the severe penalties against Tornado Cash would have a ripple impact on other […]
Crypto.com Gets Confirmation for Crypto Asset Activities in the UK.
Digital asset exchange After receiving registration confirmation from the Financial Conduct Authority (FCA) on Tuesday, Crypto.com has recently acquired the go-ahead for “certain crypto asset activities” in the UK. The FCA’s Financial Services Register indicates that on August 16 “FORIS DAX UK LIMITED” was given Money Laundering Regulation Status and registered to engage in “certain […]
ETH deposits and withdrawals will not be executed by Coinbase.
Ethereum deposits and withdrawals will not be processed by Coinbase during the merger. For many months to come, even after the integration, staked ETH won’t be accessible for withdrawal. During September’s “merge” update, Coinbase, the biggest cryptocurrency exchange in the US, will temporarily prohibit ETH deposits and withdrawals. Tuesday, the exchange published a blog post […]