Crypto exchange TrigonX emerges from FTX downfall
TrigonX, an Australian cryptocurrency exchange that lost almost $50 million during the FTX catastrophe in December, is gearing up for a return. On May 29, The Australian reported that TrigonX has started functioning again after its creditors approved a deed of business arrangement. TrigonX was established in 2014 and became one of the casualties of […]
Tether to Mine Bitcoin in Uruguay Using Renewable Energy
Tether plans to establish ethical and sustainable Bitcoin mining as the norm by utilizing Uruguay’s renewable energy sources alongside the power of Bitcoin. The stablecoin giant, Tether has dedicated resources to energy production and partnered with a licensed company in Uruguay to lay the foundation for a viable Bitcoin mining venture in the country. The […]
Ripple Acquires Pantera’s Stake in Bitstamp
Ripple has bought a small portion of a cryptocurrency exchange based in Europe, Bitstamp owned by Pantera Capital. The previous owner of this portion was Pantera Capital, an American company that invests in cryptocurrency assets. In their recent report, Galaxy Digital Holdings, another cryptocurrency company, suggested that Pantera Capital sell its shares in Bitstamp to […]
Florida Becomes First US state to Outlaw CBDCs
Governor Ron DeSantis of Florida outlawed the usage of Central Bank Digital Currencies (CBDCs) in his jurisdiction on Friday. Florida Governor, Ron DeSantis , has outlawed the issue and usage of Central Bank Digital Currencies (CBDCs) in the state, which surprises the US government. The new law would also safeguard Floridians against the introduction of […]
Cardano Launches Hydra Node for Enhanced Scalability
The first Hydra node compatible with the Cardano mainnet was launched on May 11, according to developer Sebastian Nagel. The advancement is a big step in improving Cardano’s scalability and flexibility, which is a key goal for the platform. According to Input Output, Hydra, the parent company of Cardano, is a group of layer 2 […]