Cointelegraph By Turner Wright
Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or "New Hut".In a Feb. 7 announcement, Hut 8 said the boards of directors of the two firms had unanimously approved a definitive business combination agreement aimed at...
Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.According to a Feb. 6 announcement, Riot reported two of the buildings at its Whinstone facility in Rockdale, Texas...
Fans watching the Kansas City Chiefs face off against the Philadelphia Eagles in Super Bowl LVII on Feb. 12 will reportedly not see a plethora of ad spots for cryptocurrency companies as they did in 2022.According to a Feb. 6 Associated Press report, there had been four potential...
Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection.According to court records filed on Feb. 3, Emergent Fidelity Technologies submitted a voluntary petition to declare bankruptcy under a Chapter 11 filing in United States Bankruptcy Court for the District...
Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, has said he will be continuing efforts for the agency to regulate non-security tokens.In remarks released for a Feb. 3 American Bar Association event, Behnam pointed to “bankruptcies, failures, and runs” as part of the...
United States lawmakers with the Senate Banking Committee have scheduled a second hearing exploring the impact of a crypto market crash.In a Feb. 3 announcement, Senate Banking Committee Chair Sherrod Brown said senators would convene on Feb. 14 in a hearing titled “Crypto Crash: Why Financial System Safeguards...
Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud.According to accounts of social media users present on Feb. 2, Mango Markets user Avraham Eisenberg’s legal...
The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals.In a Feb. 1 announcement, OFAC said it had added one Bitcoin (BTC)...
A federal judge in the United States has reportedly given approval for tech giant Meta to move forward on acquiring a virtual reality company.According to a Feb. 1 report from Bloomberg, Judge Edward Davila in U.S. District Court for the Northern District of California denied an injunction by...
A federal judge presiding over the criminal case against former FTX chief executive officer Sam Bankman-Fried has ordered he not have any contact with current or former employees of the exchange as part of his bail conditions.In a Feb. 1 ruling, Judge Lewis Kaplan of the Southern District...
