The commission approved 19b-4 filings from eight asset managers in May, but they won’t begin trading on U.S. exchanges until the SEC signs off on the S-1 registration statements.
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- Crunch
- Global
The publicly listed Canadian company announced the purchase of 110 BTC and repayment of $5 million in debt by its subsidiary, Valour.
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This group mainly consisted of those who purchased BTC before and after the approval of the U.S. spot Bitcoin ETF in January.
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Paraguay has committed to leveraging its abundant energy resources to support legal bitcoin mining operations, a move that aligns with the government’s broader strategy to revitalize its industrial sector. Minister of Industry and Commerce, Javier Gimenez, confirmed that the nation will continue to supply energy to cryptocurrency miners as part of a three-year transitional phase aimed at restructuring the industrial landscape. This decision will utilize energy surpluses that currently power only a fraction of potential industries.
During a discussion with Brazilian commerce representatives, Gimenez highlighted the immediate demand from bitcoin miners as a catalyst for using the country’s excess power. He revealed that the plan is to eventually replace these mining activities with more labor-intensive industries, which will create additional jobs for Paraguayans. This strategic shift is seen as a practical use of resources in the interim.
Despite criticism from some quarters, the government remains steadfast. Paraguay also confronts challenges such as illegal mining operations. The energy not used by industries is often sold to Brazil at rates significantly lower than those offered by crypto mining companies, reinforcing the financial rationale behind this initiative.
The Lykke team acknowledged that they halted withdrawals after an attack drained $22 million in crypto from its wallets on June 4.
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The former United States president is intensifying his cryptocurrency advocacy as part of his 2024 presidential campaign.
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Hey Solana peeps,
Michael McSweeney here, filling in for Jack as he finishes up his New Hampshire sojourn.
This is probably the part where I’m supposed to mention some kind of sportsball or what-have-you. Ah yes, sportsball. The game of champions. Played by, uh, squads of people.
Speaking of squads…
Squads raises $10M amid smart accounts shift
The digital asset management platform Squads announced $10 million in funding this morning.
Electric Capital led the Series A round, which also drew participation from RockawayX, Coinbase Ventures, L1 Digital, Placeholder and Mert Mumtaz.
The Dubai-based firm launched in 2021 with Solana-based tooling for DAOs. It’s since pivoted more…
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The plan, which passed after Bitfarms’ shareholder meeting, will complicate Riot’s effort but not necessarily stop it from succeeding.
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One in four Americans own Bitcoin.
That’s more Americans than are over the age of 65, but how often do you hear candidates talk about senior concerns compared to concerns of crypto owners?
President Donald Trump has been making a concerted effort in the 2024 campaign trail to appeal to Bitcoiners.
At the recent Libertarian National Convention, President Trump vowed to “stop Joe Biden’s crusade to crush crypto,” and assured Bitcoin holders specifically that he supports the right to self-custody.
“I say this with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin, and I will never allow the creation of a central bank digital currency,” President Trump…
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Lack of enthusiasm toward cryptocurrencies comes from regulatory uncertainty, but there’s also some concern on the macroeconomic side
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