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Marathon Digital Served with Additional SEC Subpoena for Alleged Violations

Bitcoin (BTC) mining firm Marathon Digital has been served with an additional subpoena by the US Securities and Exchange Commission (SEC) over alleged securities laws violations.The violations referred to in the subpoena are related to a mining facility built by Marathon Digital in Hardin, Montana...

, by Fredrik Vold

Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence

Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves. Tether said it expects the move to “strengthen and diversify” its reserves of its $1 pegged stablecoin,...

, by Sarah Wynn

Tether Plans Bitcoin Mining in Uruguay

Tether is launching Bitcoin mining in Uruguay. Tether, the company behind the largest stablecoin by market cap, said the move “showcases” its commitment to energy innovation and the future of crypto, in an announcement on Tuesday. "By harnessing the power of Bitcoin and...

, by Sarah Wynn

President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says

US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners. “That isn't going to happen,” the Wyoming Republican and crypto enthusiast, said on Friday at Bitcoin 2023 Conference in Miami. There are environmental benefits...

, by Sarah Wynn

How the Upcoming US Jobs Report Might Impact the Bitcoin (BTC) Price

US labor market data for May is due on Friday the 2nd of June.The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central...

, by Michael Davis

US Senators Express Concerns over El Salvador’s Bitcoin Adoption – What’s Going On?

El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation. Last month, US Senators Jim Risch and Bob...

, by Ruholamin Haqshanas

How Will Bitcoin Perform in June? Here Is What History Tells Us

Bitcoin is on course to close May down a little over 7%, marking the first negative month for the world’s largest cryptocurrency since last December.The drop would also mark BTC’s worst month since the collapse of cryptocurrency exchange FTX triggered a 16% price drop last November.But...

, by Michael Davis

Bitcoin Miner Iris Energy Turns to High-Performance Computing Amid Rising AI Demand

The Nasdaq-listed Bitcoin mining firm Iris Energy has announced its expansion plans to cater to the rising demand of data centers for AI. The mining firm will expand to 9.1 EH/s (exahashes per second) and revitalize its high-performance computing (“HPC”) data center strategy, as...

, by Jai Pratap

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