Bitcoin (BTC) mining firm Riot Platforms achieved impressive results in 2023, with total revenues reaching an all-time high of $281 million. In a Thursday press release, the company’s CEO Jason Les expressed satisfaction with Riot’s performance last year, highlighting several significant achievements. The company said it produced 6,626 Bitcoins during the year, a 19% increase…
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Block, a payment platform led by ex-Twitter boss Jack Dorsey, has made enormous Bitcoin gross profits in Q4 2023. Block earned $66 million from selling Bitcoin through Cash App, the firm’s recent Q4 2023 earnings report noted. The fintech firm’s gross profit is a 90% increase year over year, it said. Released Thursday, Block’s earnings…
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Security tokens are set for a boost in Japan, where business giants including Mitsubishi UFJ, Mizuho Bank, and Rakuten will launch an offering that pays interest in “electronic money.” In a press release, the firms explained that the new ST offering will take place on the blockchain-powered Progmat platform, with investors paid in Rakuten Cash tokens.…
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In the unfolding lawsuit between the Crypto Open Patent Alliance (COPA) and Craig Wright, three key witnesses who had early interactions with Bitcoin’s creator, Satoshi Nakamoto, provided their testimonies. Among them were early Bitcoin developers Martti Malmi and Mike Hearn, as well as Adam Back, the creator of Hashcash, the proof-of-work (PoW) algorithm integral to…
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Kraken, a prominent cryptocurrency exchange, has filed to dismiss the Securities and Exchange Commission lawsuit saying that allowing this case to continue would set a “dangerous precedent.” In the filing, Kraken has requested that the court dismiss the SEC’s case filed in November. The SEC alleged in November that the exchange’s parent companies were operating…
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Startale Labs disclosed this week that it has garnered an additional $3.5 million in funding from UOB Venture Management. This latest seed funding round elevates the startup’s total investment to $7 million, which is earmarked for enhancing the firm’s Web3 offerings. Startale Labs Bags $3.5M Capital Injection From UOB Startale Labs, known for spearheading initiatives…
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Venture Capital firm Andreessen Horowitz has invested $100 million in crypto restating startup EigenLayer after its latest funding round. A new Bloomberg report shows the company backed the startup with a $100 million investment as it gains popularity with its restaking model. Venture firm Andreessen Horowitz invested $100 million in crypto startup EigenLayer, suggesting that…
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South Africa has unveiled its 2024 budget, leveraging stablecoins and blockchain technology to promote financial inclusion among its marginalized communities and to boost interest in digital payments. This initiative signals a pivot towards digital payments and sets the stage for transformative change in the nation’s economic landscape. At the core of South Africa’s financial strategy…
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Crypto-focused asset manager Grayscale filed for a privacy-focused exchange-traded fund (ETF) with the US Securities and Exchange Commission on Tuesday. The Grayscale Privacy ETF seeks to mirror the performance of five sub-categories in what would be an industry-first fund. These include companies engaged in data security and safeguarding, data privacy, and cybersecurity services. Products incorporating…
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Spies and “agents” from Western countries are using crypto to fund their operations, a leading Russian lawmaker claimed. Per News.ru, the comments came from Andrei Lugovoy, the First Deputy Chairman of the State Duma’s Committee on Security and Anti-Corruption, during a speech in parliament on February 20. ‘Spies Aren’t Idiots, they Use Crypto’ – Lawmaker…
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