Crypto

May 30, 2023

Green Gold Rush: Tether Takes Bitcoin Mining to Uruguay

Despite a year fraught with setbacks and significant losses for $BTC, Tether remains undaunted, revealing its plans to invest in sustainable Bitcoin mining operations in Uruguay. ⛏️

This move is a bit left-field, considering Uruguay’s minor role in the global network hash rate compared to powerhouses like the U.S. Yet, with the country generating more than 98% of its electricity from renewable sources, $USDT sees an opportunity to champion a greener approach amidst the dwindling availability of Bitcoin.

And from their website, they seem pretty serious about it:

Despite the controversy surrounding Tether, they’re committed to Bitcoin, even pledging to use up to 15% of its monthly net operating profits to bolster Bitcoin reserves. 💎

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Crypto

September 15, 2023

The Exodus Of Genesis

After announcing the end of its US trading activities last week, Genesis announced that they’re shutting down the international arm as well. 👋

Genesis’ official statement? A curt: “We’ve voluntarily halted digital asset trading through GGC International, Ltd. (GGCI) for ‘business reasons.’ No more trading from our end.”

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Crypto

September 13, 2023

Buterin’s Phone Hacked

$ETH co-founder Vitalik Buterin got a taste of the hacker life—SIM swap style. 🪧

On Farcaster, the decentralized Twitter for people too cool for centralized social media, Buterin confirmed that he lost control of his X account, and $691K got siphoned off by hackers. They dangled fake Consensys NFTs like a carrot, and his 4.9 million followers hopped right after it.

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Crypto

September 18, 2023

SEC Keeps Kicking The Dead Horse That Is Binance.US

The SEC is demanding a thorough inspection of Binance.US. and their seemingly evasive behavior and reluctance to hand over crucial documents. 🤔

Just a few months ago, the SEC threw the book at Binance.US, its global parent, Binance Holdings, and founder Changpeng “CZ” Zhao. Now, the SEC is doubling down, emphasizing the “urgent need” for a deep dive into Binance’s dealings, especially their questionable use of the custody platform Ceffu (once known as Binance Custody).

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Crypto

September 13, 2023

Attempt To Bar The Fed From Making A CBDC In Congress Again

The House GOP’s majority whip and crypto’s biggest supporter on Capitol Hill, Tom Emmer, is back in the ring with his “Central Bank Digital Currency Anti-Surveillance State Act.” 🧢

The bill aims to slam the brakes on the Federal Reserve’s aspirations of directly offering a CBDC to the public. Emmer’s rallying cry? Keep digital dollars as American as bald eagles and freedom fries, or risk creating the ultimate surveillance tool.

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