FTX’s crypto mining venture is now used to advance AI
The defunct exchange acquired a 20% stake in Genesis Digital Assets before FTX declared bankruptcy in November 2022. Source：Cointelegraph
US accounting overhaul could make stablecoins more attractive to corporations: Tempo
A Tempo report examines how proposed US accounting rules could change corporate stablecoin holdings, with direct redemption rights determining which tokens…
Bitcoin miners face widening AI financing costs as lenders scrutinize deals
The Bitcoin mining industry needs roughly $50 billion to complete planned AI infrastructure projects, with IREN, Riot Platforms and HIVE Digital facing major…
Bitcoin mined for pennies in 2010 moves after 16 years, now worth $8.5 million
The 100 BTC came directly from two mining rewards created during Bitcoin’s “Satoshi era” and had not moved for more than 16 years. Source：CoinDesk
Binance’s EU services face scrutiny over licensing exemption: Report
EU regulators are reportedly examining Binance’s use of a MiCA exemption to serve customers as ESMA seeks stronger enforcement powers. Source：Cointelegraph
Big Questions: Does Satoshi actually own 1.1 million Bitcoin?
Researchers can trace an estimated 1.1 million BTC to a distinctive early mining operation. The harder question is whether that miner was actually Satoshi.…
Manhattan US Attorney leading probe into Binance’s Iran compliance: Bloomberg
The investigation is examining whether Binance knowingly allowed trading that violated US sanctions on Iran, months after reports first revealed a Justice…
Zcash targets November upgrade to make private payments up to three times faster
NU7 would reduce block times to 25 seconds while setting aside at least 60% of transaction fees to supplement mining rewards beginning in 2031. Source：CoinDesk
Zcash miner Fortitude names former Hut 8 chief Jaime Leverton CEO ahead of Nasdaq deal
Leverton will lead the DCGowned mining company as it pursues a public listing through its proposed merger with HeartSciences. Source：CoinDesk
Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report
Bitcoin miners generated 35% of the stateowned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and…
US House crypto tax package omits mining, staking reward deferral
The 114page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing rewardtax timing unchanged. Source：Cointelegraph
New York town weighs crypto mining and AI data center ban
One of the first towns in the US to ban Bitcoin mining for 18 months is considering another temporary moratorium extending to data centers and other crypto…