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El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy

El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The…

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Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing

Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital…

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Millennium Management and Morgan Stanley Report Significant Spot Bitcoin ETF Holdings

According to 13F filings with the U.S. Securities and Exchange Commission (SEC), Millennium Management, a highly successful hedge fund, holds nearly $2 billion in spot bitcoin exchange-traded fund (ETF) shares.…

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US Bitcoin ETFs Achieve 3-Day Inflow Streak, Netting $303M on Wednesday

U.S. spot bitcoin exchange-traded funds (ETFs) performed well on Wednesday, completing a three-day streak of inflows and accumulating $303 million in gains on May 15. Data indicates Blackrock’s IBIT inflows…

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Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price Rise

According to the seven-day simple moving average (SMA) statistics regarding Bitcoin’s hashrate, the network hashrate has stayed below the 600 exahash per second (EH/s) mark for approximately one week. The…

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Early Bitcoin Proponent Erik Voorhees: Crypto Will Be the Currency of AI

Erik Voorhees, an early bitcoin proponent and entrepreneur, believes that crypto will be the currency of artificial intelligence (AI) agents. At Unchained, Laura Shin’s crypto podcast, Voorhees explained that, as…

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US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange…

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Oasys Partners With SBI Group’s SBINFT Market to Boost Crypto Gaming in Japan

Oasys, a blockchain network focused on gaming, has partnered with SBINFT Market, an NFT platform operated by a subsidiary of the Japanese financial conglomerate SBI Group, to expand the crypto…

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Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit

Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy…

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