Marathon posts record growth in 2023 earnings, unveils Bitcoin Layer-2 Anduro

Bitcoin mining and technology firm Marathon Digital reported record growth in a number of categories in its 2023 annual earnings report. The firm also revealed the development of a Layer-2 network for... Read more »

Bitcoin Miner Riot Acquires 31,500 ‘Next Generation’ M60S Mining Machines Worth $97.4 Million

Bitcoin miner Riot Platforms Inc. said it expects to take delivery as well as deploy 31,500 Whatsminer M60S miners worth $97.4 million by the end of July 2024. The addition of the... Read more »

Arweave launches testnet capable of high scalability, invites community to join

Arweave released the public testnet for Arweave AO, a new blockchain network that aims to offer significant scalability improvements, and invited tech enthusiasts and community members to join on Feb. 27. The... Read more »

Crypto Exchange Bitforex Suspends Withdrawals Following $56.5M Drain From Hot Wallets

Bitforex, a centralized cryptocurrency exchange, abruptly halted user withdrawals. This sudden action occurred just moments after a reported $56.5 million was removed from the platform’s hot wallets. According to online crypto investigator... Read more »

Saturn secures $800,000 for Bitcoin-based decentralized exchange development

Saturn, a peer-to-peer order book built on the Bitcoin network, secured $800,000 for its seed funding round led by Sora Ventures, according to a Feb. 26 statement shared with CryptoSlate. With this... Read more »

South Africa Regulators to Unveil Document Categorizing Stablecoins as a ‘Particular Type of Crypto Asset’

In 2024, the Intergovernmental Fintech Working Group, a consortium of South African regulators that unveiled a position paper on crypto assets in 2021, is expected to “publish additions to include stablecoins as... Read more »

Bitcoin network congestion eases as mempool clears in February

Bitcoin’s mempool is a holding area for transactions broadcast to the network but not yet included in a block. Analyzing the mempool provides insight into network congestion, transaction demand, and fee trends,... Read more »

Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation

Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary... Read more »

Cosmos co-founder says GovGen will show how governance can be used in blockchain development

In November 2023, the Cosmos Hub community approved the contentious proposal 848, which reduced the maximum inflation rate of the native token ATOM to 10% from 20%. At the time, ATOM’s actual... Read more »

Gary Gensler Tells Lawmakers SEC Takes Cybersecurity ‘Seriously’ After X Account Hack

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has assured lawmakers that the securities regulator “takes its cybersecurity obligations seriously.” Lawmakers raised concerns following the hacking of the SEC’s account on... Read more »
Dip Your Toes in Crypto Blog