Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Marathon Digital Faced Production Setbacks Despite a year-on-year revenue growth of 223%…
–> UPDATED: May 11, 2024, 6:17PM EDT Bitcoin’s novel Runes protocohas been active on the blockchain for three weeks following its launch on April 19, coinciding with Bitcoin’s latest halving event. Runes’ blockbuster launch helped generate record fees for Bitcoin miners as excited investors fought for block space, and over the…
, In a filing dated May 10, the SEC contended that the court should not entertain Coinbase’s bid to reassess the application of securities law to digital assets. SEC Says Coinbase Does Not Like Howey Test Coinbase, in its plea for an Interlocutory review, contends that the SEC’s application of…
–> The U.S. Third Circuit Court of Appeals has upheld the SEC’s denial of Coinbase’s petition to order the agency to develop a new regulatory system for crypto “from the ground up.” “The Commission’s determination that the rulemaking Coinbase seeks is currently unwarranted was both reasonable and reasonably explained,” the…
Founder and former CEO of Digitex Futures Exchange, Adam Todd, has pleaded guilty to willingly leading the firm to fail to establish an Anti-Money Laundering (AML) program. Notably, the former CEO’s plea was issued in a federal court in the Southern District of Florida on May 7. Former Digitex CEO…
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Illustration by Mitchell Preffer for Decrypt. Most cryptocurrencies are down this week, as the price of…
PALM BEACH, FL. — During his first stint in the White House Donald Trump was no fan of cryptocurrencies; he once tweeted they were “based on thin air.” He later sold millions of dollars worth of NFTs. This week, he rebranded himself as crypto’s candidate of choice. “If you’re in…
Cuban took to social media on May 10 to express concerns, hinting that the SEC’s stance against cryptocurrencies might affect President Joe Biden’s bid for reelection. Mark Cuban Highlights Crypto’s Critical Role in Forthcoming Election The billionaire believes the emerging industry would be critical in the forthcoming election because “crypto…
On May 11, the American businessman and television personality said if Joe Biden loses the presidential election, “there is a good chance you will be able to thank Gary Gensler and the SEC (Securities and Exchange Commission).” “Crypto is a mainstay with younger and independent voters,” he said before adding…
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry observers are now…