Bitcoin (BTC) miner Canaan reported a 3.3% increase in its mining revenue for the first quarter, according to a May 26 statement. Mining revenue According to Canaan, it generated $11.1 million in mining revenue between January 1 and March 31. This represents a 3.3% increase from the $10.7 million it…
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Celsius was selected first for OPNX’s bankruptcy tokenization due to the company’s “completely unredacted database,” according to Heimdall CEO Vishal Shah. Heimdall, a provider of business tokenization solutions, and OPNX partnered to roll out their bankruptcy tokenization product, enabling users with funds frozen on defunct platforms to access liquidity. The…
Crypto exchange Binance announced it would stop Bitcoin (BTC) spot trading activities with the Australian Dollar (AUD) on June 1, according to a statement on May 26. Additionally, the exchange would remove spot trading activities for other top cryptocurrencies like Cardano (ADA), Ethereum (ETH), Dogecoin (DOGE), XRP, BNB, Solana (SOL),…
Over the last 24 hours, the cryptocurrency market experienced a 0.87% increase, with a current market cap of $1.12 trillion. During the same period, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 0.8% and 1.51% to $512.39 billion and $217.96 billion, respectively. All top 10 crypto assets recorded…
Peter McCormack, the host of the ‘What Bitcoin Did’ podcast, tweeted a scathing assessment of Worldcoin, inferring the project is redundant as “Bitcoin is world coin.” McCormack slammed Worldcoin using several unflattering descriptors, including “sh*tcoin,” “VC dystopian rug pull,” and “exit liquidity” – enforcing its already dubious reputation. Worldcoin unable…
Blockchain network Hex (HEX) has seen around $4 billion wiped from its market cap over the past week, according to CryptoSlate data. Hex’s market cap dropped to as low as $2.41 billion on May 25 from a peak of $6.62 billion recorded on May 20, according to CryptoSlate’s data. During…
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Congressmen Michael Flood and Ritchie Torres wrote to SEC Chair Gary Gensler, urging him to keep custody rules unchanged. In February, the U.S. Securities and Exchange Commission (SEC) proposed specific changes to the Investment Advisors Act 1940. Currently, the definition of “qualified custodians” includes state-chartered banks, state-regulated trust companies, and…
Stablecoin-as-a-Service (SCaaS) provider Stably has unveiled Stably USD (#USD), the first stablecoin operating on the Bitcoin network, according to a May 25 press release. The move introduces #USD as a native BRC20 token to the Bitcoin blockchain. It is an expansion of the Bitcoin Ordinals ecosystem, which was made possible…