Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion

[ad_1] Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated by investment bank H.C. Wainwright & Co., which will earn a... Read more »

Report: South Korea to Allow Free Crypto Trading for Non-Profits, Exchanges in June

[ad_1] Beginning in June, South Korean nonprofit organizations and virtual asset exchanges will be permitted to trade digital assets freely. Exchanges can sell virtual assets under strict regulatory conditions to prevent conflicts... Read more »

Bitcoin Miners Catch a Break: Network Difficulty Slides 3.34%

[ad_1] After four straight difficulty hikes beginning March 9, the Bitcoin network finally eased up—registering a 3.34% downward adjustment that offered miners a welcome moment of relief. Bitcoin Network Sees First Difficulty... Read more »

Arizona Crushes Game-Changing Bitcoin Bill—Labels Crypto ‘Untested’

[ad_1] Arizona’s chance to pioneer crypto-driven public finance was abruptly halted as the governor axed a game-changing bill that would’ve let state retirement funds buy bitcoin. Arizona Governor Kills Bitcoin Bill for... Read more »

Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy

[ad_1] The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling over 80% of reported activity. Bitcoin mining is now 52.4% reliant... Read more »

Texas Congressman Wants Crypto ATMs in Federal Government Buildings

[ad_1] The 47-year-old lawmaker submitted his proposal to a government agency that manages a real estate portfolio of 8,397 federal properties. Federal Buildings Could Get Crypto ATMs Under New Proposal Congressman Lance... Read more »

Blockstream Spins out Mining and ASIC Divisions in Major Restructuring Effort

[ad_1] The bitcoin-focused technology firm closed a $210 million funding round led by Fulgur Ventures last October and is now implementing key expansion initiatives. Strategic Shift: Blockstream Carves out Mining and Hardware... Read more »

UAE Greenlights Stablecoin Issuer Circle as Money Services Provider

[ad_1] Stablecoin issuer Circle has secured In-Principle Approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, allowing it to operate as a money services provider. Circle Eyes Greater Role... Read more »

Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch

[ad_1] Bitcoin miners brought in $40 million less in revenue during April than they did in March, marking the fourth straight month of dwindling returns since December as the sector continued its... Read more »

Gate Secures Key VASP License in Dubai, Eyes Regional Growth

[ad_1] The United Arab Emirates division of the cryptocurrency exchange Gate has secured a license from Dubai’s Virtual Assets Regulatory Authority, allowing it to offer exchange services to institutional and retail investors.... Read more »