Regulation
North America retains crypto crown even as US regulatory clouds loom: Chainalysis
The United States is the region’s top driver of crypto activity.
Jenny Ortiz
Lens
North America
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Regulation
Binance exits Canada amid increased regulation in North America
Regulatory hurdles have once again hit Binance in North America, with the world’s largest cryptocurrency exchange announcing on Friday that it would cease operations in Canada due to tightened crypto rules.
Timmy Shen
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Bitcoin News
Bitcoin miner Hut 8 shares gain on revenue, outlook – despite Q2 profit slump
Crypto mining slump? Canada-based company booked 31% revenue growth on year, expanded Bitcoin holdings, and plans to ramp up mining capacity this year. Other crypto miners seem to be following suit.
Timmy Shen
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Bitcoin News
Beijing banned crypto mining, so China miners went underground
Authorities and Bitcoin miners play a cat-and-mouse game as miners find means to stay off the government radar and dodge crackdowns.
Timmy Shen
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Bitcoin News
China banned Bitcoin mining and became world’s No.2 Bitcoin miner
The 2021 Bitcoin mining exodus has left underground miners thriving to push China’s hashrate share near to the top, new study finds.
Timmy Shen
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Bitcoin News
Celsius Network’s mining arm plans public listing
Celsius Mining, a Bitcoin mining unit of cryptocurrency lender Celsius Network, is planning to go public, as the company doubles down on its mining business. See related article: SEC scrutinizing crypto lending by Celsius, Gemini, Voyager: reports Fast facts Celsius Mining said on Monday that it filed a Form S-1 draft registration with the U.S. […]
Timmy Shen
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Regulation
New York State Assembly votes to pause crypto mining
The New York State Assembly said it passed a cryptocurrency mining moratorium bill on Tuesday, blocking new permits and expansion for proof-of-work (PoW) mining facilities using carbon-based energy sources. See related article: New York’s Bitcoin mining showdown sets stage for battles elsewhere Fast facts The bill needs approval by the New York State Senate. Existing […]
Monika Ghosh
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Bitcoin News
Fidelity allows retirement investments in Bitcoin
Fidelity, one of the largest providers of 401(k) retirement plans in the U.S., is allowing participants to invest a piece of their retirement portfolio into Bitcoin, provided the employers allow it. See related article: Nexo and Fidelity Digital Assets expand institutional lending services Fast facts Fidelity introduced a digital assets account to hold Bitcoin, integrating […]
Monika Ghosh
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Regulation
Biden pushes the U.S. on CBDCs in sweeping crypto executive order
President Joe Biden on Wednesday urged the federal government to research and develop a digital dollar in an executive order describing broader directives for a coordinated and comprehensive U.S. approach to digital assets. See related article: CBDC tracker shows U.S. falling further behind Fast facts “My Administration places the highest urgency on research and development […]
Jeanhee Kim
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Bitcoin News
Crypto mining’s Great Migration continues — out of Kazakhstan
Political chaos and power shortages are causing miners to flee a nation that only recently became the world’s second-largest Bitcoin producer.
Timmy Shen
