Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisition company (SPAC). On December 31, BitFuFu filed an F-4 form
Illicit Virtual Asset Use On The Rise, U.S. Treasury Report Reveals
The U.S. Treasury Department is seeing an increase in illicit crypto use according to a Thursday report. The department’s 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing report highlights that virtual assets are increasingly used by illicit
U.S. Treasury Department Highlights Increasing Use of Crypto by Criminals in 2024
The U.S. Department of the Treasury has released its 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing, outlining the most significant threats facing the United States in illicit finance. The reports detail updates to the anti-money laundering and
Blockchain Could Have Saved Americans $74 Billion on Credit Card Fees: Coinbase
Coinbase, a leading cryptocurrency exchange, has emphasized the potential of blockchain technology to save American consumers billions of dollars in its latest “State of Crypto Report,” released on Wednesday. According to the report, consumers could have collectively saved a minimum
Ransomware Payments Hit Record $1 Billion in 2023: Chainalysis
Criminals made off with a staggering $1 billion in cryptocurrency ransomware payments in 2023, per the latest insights from Chainalysis’ 2024 “Crypto Crime Report.” The report highlights a surge in sophisticated attacks targeting high-profile institutions and critical infrastructure, with significant supply
Bitcoin Miner CleanSpark Purchases Four Mining Facilities, Set to Double Hash Rate
Bitcoin miner CleanSpark announced in a February 6 press release that it had acquired four new mining facilities three facilities in Mississippi and one facility in Dalton, Georgia. With these acquisitions, CleanSpark is set to double its hash rate in the
SEC-Registered Crypto Company Prometheum Launches First Product: Ether Custody Service
Prometheum, the only SEC-registered digital asset service provider in the US, will offer its first crypto product in March: Ethereum custody, according to a report by Fortune. It is potentially big news for the industry. A successful launch could end up
European Markets Org Praises Bank of England On UK Stablecoin Rules
Today, the Bank of England extended the deadline for citizens to provide feedback on its proposed regulatory regime for UK stablecoins from February 6 to February 12. The central bank’s discussion paper focused on rules for sterling-denominated stablecoins, which it believes
New Solana Meme Coin Smog Explodes Onto Jupiter DEX With Airdrop Campaign
Wednesday, February 7, 2024 – In a landmark launch for the Jupiter DEX, a new Solana meme coin called Smog (SMOG) has been revealed via a fair launch ahead of an upcoming major airdrop event.Much to the excitement of JUP
Ripple Requests One Week Extension for Documents in SEC Suit
Ripple has filed a motion requesting an extension of one week to gather and submit documents in its ongoing courtroom battle against the SEC. The documents under examination largely comprise financial statements covering the period from 2022-2023. In addition, the SEC