Mining

One of the leading cryptocurrency mining companies in the US – Riot Blockchain – acquired the electrical equipment provider – Ferrie Franzmann Industries (known as ESS Metron) for $50 million. As a result, the latter will provide a steady infrastructure supply for Riot’s new mining machines. Riot’s Expansion The news was announced in a recent press release by the US Securities and Exchange Commission (SEC). The total amount of the transaction equals $50 million as the bitcoin...

Meta – formerly Facebook – said they will be expanding crypto ad eligibility on their platform, by increasing the number of regulatory licenses they accept. Formerly limited to 3, the company now accepts 27 licenses, which are publicly viewable on their policy page. Crypto Ads to Flood Facebook Meta announced their ad expansion on their website earlier today. This is apparently a response to increased regulation of crypto over the years, which has increased clarity of...

[PRESS RELEASE – Please Read Disclaimer] London, Wednesday 1st December 2021. Huobi Wallet, the professional, multi-chain light wallet of the Huobi ecosystem, today announced the launch of HEarn. HEarn is a new crypto-asset management tool that provides users with greater digital asset investment options and ensures digital wealth management remains safe and secure. High-yield is one of the prominent features of HEarn. HEarn’s assets are kept in a special smart contract. It...

Griid Infrastructure – an American bitcoin mining company known – and the blank check firm – Adit EdTech Acquisition Corp. (ADEX) – announced their merger. As a result, the latter will acquire Griid Holdco LLC – a newly formed holding organization and parent of Griid. Upon finalizing the transaction, the combined entity is expected to be listed on the New York Stock Exchange (NYSE). NYSE Might Have a New Participant According to a November 30 press release, the entity will go...

Nayib Bukele – the president of El Salvador – has announced to the people of his country that the government is taking its bitcoin agenda to the next level. Regulators and city planners are looking to build a whole new village at the base of a volcano. The region will be known as “Bitcoin City” given that it will be entirely dependent on bitcoin and blockchain technology to thrive. El Salvador Is Pushing BTC Even Further He stated that a bond offering is going to occur...

Hillary Clinton isn’t crazy about crypto. The failed presidential candidate and former Secretary of State under Obama believes that widespread adoption of crypto could have heavy repercussions on the world of traditional finance and “undermine traditional” currencies like the U.S. dollar. Hillary Clinton Is Not a BTC Believer In an interview, she comments: What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with...

Singapore-stationed crypto mining firm Bitdeer Technologies Holding Co. is merging with a company known as Blue Safari Group Acquisition Corp. The former enterprise is controlled by Jihan Wu – a Chinese billionaire who is responsible for bringing Bitmain to life – and will begin trading on the Nasdaq once the $4 billion acquisition is complete. Bitdeer Has Some Big Plans As one of the most influential people in the digital currency space, Wu worked as the head equipment...

Over the past few months, crypto has really taken precedence with traders and American politicians. For example, New York City’s mayor-elect Eric Adams wants to be paid in BTC. He also wants to see crypto taught in schools. Miami’s mayor Francis Suarez also wouldn’t mind bitcoin-based pay. Crypto Isn’t Loved By Everyone The point is that crypto is witnessing heavy growth in its popularity. Unfortunately, many environmentalists still don’t see the space as worthwhile....

El Salvador continues to create history with its bitcoin adoption, with the latest initiative being the announcement of an entire city focused on the primary cryptocurrency. The nation plans to put this plan in the works through mining-backed volcano bonds worth in total $1 billion. While this may sound groundbreaking and surprising to some, one person – Max Keiser – was actually the one to pitch the idea first months ago. El Salvador’s Bitcoin Steps It was June 2021 when the...

Many countries – including Israel and Laos – are ramping up their crypto regulatory processes as a means of protecting investors and keeping malicious actors out of the equation. Israel and Laos Are Pushing for Safer Crypto Environments Israel, for example, has initiated strict anti-money laundering laws that could see much more disciplined reporting and a lot of criminals going out of business. A published document claims that the country’s Authority for Combating...