The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The new Mawson site is capable of reaching 4.2 exahash per second (EH/s) when fully complete.
Bitcoin price is attempting an upside break above the $23,650 resistance. BTC must clear the $24,000 resistance to start a steady increase in the near term.
The Solana network’s deep freeze continued Saturday as validators were preparing a second restart attempt that they hoped would restore service to users of the blockchain.
Ethereum layer-2 scaling solution Arbitrum, which is able to substantially increase transactions per second by batching transactions together off-chain into so-called roll-ups, is seeing explosive growth. Daily fees generated by the protocol on Thursday hit their highest level since June 2022 at nearly $300,000. That means Arbitrum ranks as the seventh highest cashflows generating crypto protocol according to Cryptofees.info.
Crypto trade association Chamber of Digital Commerce takes action against the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler for its "regulation by enforcement" campaign threatening the U.S. digital assets market and investors.
Over the last couple of days, Shiba Inu’s Bone was making quite some news. The hype around Shibarium came as a big boost to Bone. The asset not only surged in terms of price, but its market value also increased. This further led to the community looking at the other token in the SHIB ecosystem, Leash.
The allegations that Dapper Labs created and maintains a private blockchain is fundamental to the Court’s conclusion. By privatizing the blockchain on which Moments’ value depends and restricting the trade of Moments to only the Flow Blockchain, purchasers must rely on Dapper Labs’s expertise and managerial efforts, as well as its continued success and existence
The price of The Graph (GRT) token, the leading AI sector coin, rose 149% in early February, reaching a local high of $0.21. However, it has since retraced by 27% against the Dollar and 31% against Bitcoin, as Bitcoin rose toward $25,000.The lack of correlation between GRT and BTC is indicative of the AI sector as a whole. Since the start of 2023, interest in AI has exploded following the launch of OpenAI’s ChatGPT in November. The global focus on AI then led to a surge in price for AI crypto tokens from the start of February.
Hong Kong's Securities and Futures Commission (SFC) announced the launch of public consultation on Monday regarding regulating trading platforms for cryptocurrencies and digital assets. Interested parties can submit their comments until 31 March 2023.Starting from 1 June 2023, any centralized virtual asset trading platform that conducts business in Hong Kong or targets Hong Kong investors must obtain a license from the SFC under a new licensing system. The SFC's proposed regulatory standards for virtual asset trading platforms are modeled after the current Securities and Futures Ordinance regulations and are similar to those for licensed securities brokers and automated trading venues. Additionally, the SFC has suggested revisions to some of the existing requirements as part of this initiative.