On Monday, crypto-stocks linked to the US market experienced growth together with the general market rise, following closely on the heels of Bitcoin’s (BTC) halving event – some even achieving double-digit percentage increases. Five of the largest publicly-traded Bitcoin mining companies in the country, including Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), Cipher Mining … Read more
According to reports, the New York Stock Exchange (NYSE) is considering introducing 24-hour trading for stocks, modeled after the continuous operation of cryptocurrency markets. The Financial Times reported on April 22 that NYSE’s data analysis team sought input from market participants through a survey. They wanted to gauge the market’s opinion on the possibility of … Read more
Manitoba, a Canadian province, has prolonged its ban on new applications to Manitoba Hydro for electricity supply to cryptocurrency businesses. BC, another province, implemented a similar halt but opted for a more stringent solution instead. In simpler terms, the Manitoba pause extension affects new applications from crypto miners as well as those seeking electrical services … Read more
The SEC, or the United States Securities and Exchange Commission, has asked for huge sums of money in the form of disgorgement and fines against Terraform Labs and its founder, Do Kwon, as part of their ongoing civil lawsuit. In a filing made to the U.S. District Court for the Southern District of New York … Read more
It is widely acknowledged that the United States has adopted a tough stance towards cryptocurrency regulations, even after approving Bitcoin ETFs. This holds especially true for the Bitcoin mining sector, which can trace its roots back to Bitcoin’s inception. However, federal authorities appear determined to curtail the industry, despite it relying on a greener energy … Read more
Two SEC attorneys are said to have stepped down following the reprimand by a federal judge for excessive use of authority and unfair conduct in a digital currency investigation. Based on a Bloomberg article published on April 22, attorneys Michael Welsh and Joseph Watkins, who lead the legal team against crypto platform DEBT Box, recently … Read more