CleanSpark, Inc. has released its unaudited Bitcoin mining and operations update for March, 2023. The company announced that it had mined 598 BTC in March, taking the total mined in the first quarter of the calendar year to 1,871, up 22% from the previous quarter. CleanSpark funded growth and operations through the sale of 502 bitcoin in March 2023, which equated to proceeds of approximately $12.4 million, at an average of approximately $24,800 per BTC.
Bitcoin (BTC) mining firm Bitfarms said its BTC production increased 35% to 1,297 BTC in the first quarter of the year compared to what it produced during the same period last year.
Regulators have expressed concern in recent years that decentralized finance (DeFi) could pose risks to the traditional financial (TradFi) services sector. Those worries were magnified by events such as algorithmic stablecoin terraUST’s collapse and the failure of the FTX crypto exchange in 2022, which had relatively limited spillover effects on established financial institutions.
The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit monthly gains.
A new daily all-time high (ATH) has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain.
The Financial Action Task Force, an international body monitoring and advising governments on terrorist financing and money laundering, recommended that all crypto transactions be subject to scrutiny, regardless of risk factors. However, other countries are not taking such a Draconian approach. In the European Union, for instance, hosted wallets will be required to submit information for every transaction, while transactions between unhosted wallets will only need to implement AML compliance for transactions involving 1,000 euros or above. The United Kingdom only requires reporting if the transaction presents risk factors.
Ethereum price started a fresh decline from the $1,800 resistance against the US Dollar. ETH could decline further if the bulls fail to protect the $1,680 support.
The U.K. Treasury is canceling its plans to release a government-backed non-fungible token (NFT) aimed at making the United Kingdom a global crypto hub.
The international fast food giant Burger King has introduced Instpower power bank rental machines that accept cryptocurrency payments at its Paris locations. The machines are connected to crypto payment services Alchemy Pay and Binance Pay.