Mt. Gox, the bankrupt Japanese crypto exchange, will repay creditors’ Bitcoin and Bitcoin Cash assets starting July 2024. Following the announcement, the market sold off, with Bitcoin dipping below $61,000. In a June 24 statement, the exchange
Louisiana Governor Jeff Landry signed a bill to prohibit central bank digital currencies (CBDCs) and protect crypto mining on June 19.pera7 The bill, HB 488, prevents governing authorities from accepting or requiring payments in CBDCs. It also bars
Congressman Matt Gaetz (R-Fla.) introduced legislation on June 25 that would require the IRS to begin accepting federal tax payments in Bitcoin.8mbets Gaetz emphasized the potential benefits of this “bold move” and said the bill will ens
Bitcoin mining firm Core Scientific updated its agreement with AI hyperscaler CoreWeave to provide the latter with 270 megawatts (MW) of total infrastructure access, according to a June 25 press release. Core Scientific said that CoreWeave exercised
winning plus BIS urges central banks to adopt AI to mitigate economic and financial risks
2024-09-25The Bank for International Settlements (BIS) has called on central banks to embrace artificial intelligence (AI) in anticipation of its significant impact on the economy and financial system. In a pre-released chapter of its upcoming Annual Economic
A US bankruptcy court has granted FTX approval to solicit votes on a liquidation plan that pays customer claims in cash, Reuters reported on June 25. The cash payment plan would pay customers based on crypto prices at the time of FTX’s Novembe
Stablecoin payment platform BVNK has introduced Layer1, a self-custody digital asset infrastructure, according to a June 27 statement shared with CryptoSlate. This platform helps businesses launch stablecoin payments quickly and securely, ensuring c
Bitcoin miner CleanSpark has agreed to acquire its rival GRIID Infrastructure for $155 millionbetking, according to a June 27 statement. The companies also revealed that they entered an exclusive hosting agreement for all currently available power,
Paradigm has raised alarms over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA)hiuslots, focusing on the misinterpretation of Maximum Extractable Value (MEV) and