Hut 8, a Bitcoin miner, is launching a $500 million equity offering to support its operations and establish a Bitcoin strategic reserve. The company will gradually sell common stock to fund growth initiatives, including expanding data centers and acquiring BTC. CEO Asher Genoot emphasized the importance of Bitcoin as a strategic asset and expressed excitement about the equity offering and Bitcoin reserve strategy. Hut 8 currently holds 9,106 BTC, making it the sixth-largest public-traded company

Ethiopia has become a key player in Bitcoin mining, contributing 2.5% to the global hash rate. Local operations are expected to double within a year, consuming significant power. This surge follows China's ban on mining, leading to Chinese miners relocating to Ethiopia. Companies like Bitmain and BIT Mining have invested in the region due to its abundant hydropower and renewable energy. The government actively promotes Ethiopia as a mining hub, generating substantial revenue. Experts believe ear

Margex has quickly become known as a top cryptocurrency trading platform, providing perpetual futures trading for 50 different cryptocurrencies, including popular options like BTC, ETH, PEPE, and FLOKI. Offering leverage up to 100x and an easy-to-use interface, Margex caters to both new and experienced traders. Founded in 2019 and based in Seychelles, Margex specializes in perpetual futures trading with high leverage options and a substantial liquidity pool. While it does not support spot tradin

New York City mayor Eric Adams, typically known for his modesty, proudly discussed his Bitcoin paychecks during a recent press conference. Adams recalled how people initially ridiculed him for receiving his salary in Bitcoin, but now with the significant increase in Bitcoin's value, he confidently asked, 'Who's laughing now?' He humorously imitated his critics and emphasized how they now regret not following his lead. Despite his success with cryptocurrency, Adams faced controversy for not discl

Virgin Voyages, the cruise line founded by Sir Richard Branson, has introduced Bitcoin (BTC) as a payment method for bookings. This move positions Virgin Voyages as the pioneer in the cruise industry to adopt cryptocurrency payments, aligning with the trend in travel and hospitality sectors. Passengers, including Annual Pass holders, can now utilize BTC to book cruises across the fleet. The Annual Pass, offering exclusive benefits to frequent travelers, is the first cruise product to accept cryp

Cash App, the payment app created by Twitter's Jack Dorsey, has discontinued its free peer-to-peer Bitcoin transfer service. Starting Dec. 20, users can no longer send or receive Bitcoin using $cashtags. However, those outside New York can still utilize Lightning Network for Bitcoin transactions. The option for Bitcoin Gifts remains available. The changes only affect Bitcoin transactions, with fiat currency transfers remaining unaffected. A Cash App spokesperson stated that the decision was made

Marathon Digital, a Bitcoin miner, has acquired a wind farm in Texas to enhance its sustainability efforts. The wind farm has 240 MW of interconnection capacity and 114 MW of wind capacity, forming the basis for a new eco-friendly data center. Marathon plans to operate a facility powered by the wind farm's energy, eliminating energy costs. The acquisition, expected to finalize by 2025, aligns with the company's strategy to utilize renewable resources efficiently. By repurposing retired ASIC mini

Roger Ver, a prominent cryptocurrency advocate and early Bitcoin investor, is requesting a US court to drop tax evasion accusations against him. Known as 'Bitcoin Jesus' to his 745,000 X (formerly Twitter) followers, Ver, 45, was apprehended in February at a crypto event in Barcelona. The charges involve allegedly evading over $48 million in taxes and submitting a false tax return, linked to the sale of $240 million in cryptocurrencies and an 'exit tax' from renouncing US citizenship in 2014. Ve

Foundry, a major mining pool and a subsidiary of DCG, has recently laid off 60% of its workforce, focusing on non-core functions such as the hardware team and potential sale of mining site operations. Despite these layoffs, DCG founder Barry Silbert is launching new initiatives like the Yuma AI Ecosystem Accelerator. Foundry, the world's largest Bitcoin mining pool, confirmed the layoffs but emphasized a strategic shift towards core business and support for DCG's subsidiaries. This move is part

Cambodia has recently taken action to block access to 16 cryptocurrency exchange websites, including popular platforms like Binance, Coinbase, and OKX. This move is part of the country's efforts to regulate the digital asset market. The Telecommunication Regulator of Cambodia (TRC) enforced the action against platforms operating without proper licenses from the Securities and Exchange Regulator of Cambodia (SERC). Authorities restricted access to 102 domains, focusing mainly on cryptocurrency ex

Bitcoin's potential journey to $100,000 hinges on the balance between short-term holder (STH) demand and long-term holder (LTH) profit-taking, as per the latest 'Bitfinex Alpha' report. Despite a recent pullback, Bitcoin closed November at a record $96,506. The report forecasts continued upward momentum, citing historical halving year trends. However, December may bring volatility due to significant options expiry. Long-term holders distributing Bitcoin could lead to short-term price fluctuation

The US government recently transferred $1.92 billion worth of Bitcoin to new wallets, with $963 million going to Coinbase. These funds originated from the Silk Road seizure and can be legally sold. There are worries within the community that President Biden may be looking to sell off the US Bitcoin supply before Trump's inauguration, potentially hindering his plans to establish a Bitcoin Reserve. Despite concerns, the crypto community remains optimistic about Bitcoin's future, with institutional

BitGo, a well-known cryptocurrency custodian, has introduced a worldwide version of its digital asset solutions tailored to retail investors. With a strong track record of serving institutional clients for more than ten years, BitGo is now broadening its services to cater to everyday crypto enthusiasts. The new retail platform, launched on December 2, offers a range of services such as trading, staking, and wallet solutions, all backed by high-security measures. Users can benefit from regulated

Marathon Digital achieved record Bitcoin mining results in November, increasing production by 26% to 907 BTC and hash rate by 15% to 46.1 EH/s. The company mined 254 blocks, a 27% rise from October. CEO Fred Thiel credited new miners and operational enhancements for these accomplishments, highlighting Marathon's industry leadership. The company plans to raise $700 million through convertible notes, allocating funds to repurchase existing notes, acquire more Bitcoin, and support corporate activit

A Hong Kong-based gaming company recently made headlines for converting $49 million worth of Ether to Bitcoin over a 10-day period. This move, aimed at aligning the firm's digital asset holdings with the dominant cryptocurrency, reflects a broader trend of institutional adoption of Bitcoin. The decision was influenced by Bitcoin's reputation as a store of value and its deflationary monetary policy, making it a strategic long-term asset. The shift also highlights the growing interest in Bitcoin a

North Korean hackers have managed to steal billions in cryptocurrency and sensitive corporate data by posing as venture capitalists, recruiters, and remote IT workers. These hackers, known for infiltrating global organizations with false identities, use tactics like AI-generated profiles and malware-laden recruitment campaigns to funnel stolen assets to North Korea's nuclear weapons program. They target companies through various schemes, such as posing as recruiters or venture capitalists to tri

Gaming company Boyaa Interactive has exchanged its Ethereum tokens for almost $50 million in Bitcoin, as the cryptocurrency approaches a $100,000 milestone. The Hong Kong-based firm converted 14,200 ETH into approximately 515 Bitcoin between November 19-28, amassing a total of 3,183 BTC valued at $310 million. Boyaa's move aligns with its strategy to invest in digital assets, following a previous commitment to allocate up to $100 million in cryptocurrencies. Similarly, Japanese investment firm M

Hong Kong aims to enhance its position as a financial and crypto hub by suggesting tax exemptions for hedge funds, private equity funds, and high-net-worth family offices. The proposal, detailed in a 20-page government document, seeks to increase the city's attractiveness to global asset managers and wealthy individuals. The plan, currently undergoing a six-week consultation, would waive taxes on profits from cryptocurrencies, private credit, overseas property, and carbon credits. Taxation is hi

Samuel Kullmann, a member of the Swiss canton of Bern parliament, has passed legislation to investigate Bitcoin mining as a solution for surplus electricity production. The Executive Council will prepare a report on how Bitcoin mining can utilize excess energy and stabilize the electricity grid. The bipartisan 'Parliamentary Group Bitcoin' aims to position the region as a forward-thinking hub in the financial landscape. Despite concerns about global competition and energy strain, advocates belie

Celsius, a bankrupt crypto lender, has announced a $127 million payout to creditors, covering 60.4% of total claims. This second round of payments follows an earlier distribution in August, which returned $2.53 billion to 251,000 creditors. Creditors will receive payments in Bitcoin or US dollars based on eligibility, with Bitcoin payouts dependent on market value. Former CEO Alex Mashinsky faces trial in 2025 for fraud charges related to the company's collapse. Additionally, the article discuss