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
The price of Bitcoin (BTC) surpassed the significant threshold of $65,000, implying a potential shift toward increased optimism and potentially stronger upward trends in the market, only a couple of days following the Bitcoin halving event. Bitcoin breaks above $65,000 resistance Bitcoin reached a new high of $65,000 on April 22, as per Kristian Haralampiev, … Read more
Base’s stablecoin supply crosses $2.3 billion. The platform maintains the third-largest TVL market share. After introducing the native creation of stablecoin USDC, Base has experienced a significant growth in the amount of this digital currency circulating on their system. The expansion of this project has significantly boosted the value of stablecoins within its system, as … Read more