Riot Blockchain earned about $9.5 million in credits last month from shutting down its Bitcoin mining rigs at a Texas facility while the region weathered a historic heat wave. The amount will be credited against the company’s power usage. The value of the credit is equal to around 439 Bitcoin. Read more…
Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event. The company earlier this year announced its plans to enter the web3 space, noting its NFTs wouldn’t just serve as digital collectibles, but would provide their owners with access to exclusive content and other Read more…
MicroStrategy co-founder Michael Saylor gave up his chief executive officer title and said he’ll focus more on Bitcoin after the enterprise-software maker reported a loss of more than $1 billion related to the second-quarter plunge in the price of the cryptocurrency. Bloomberg reports: Saylor, who founded the Tysons Corner, Virginia-based Read more…
Eleven people who ran and promoted cryptocurrency firm Forsage are facing charges of operating a pyramid and Ponzi scheme that raised more than $300 million from millions of investors in the U.S. and elsewhere, according to the Securities and Exchange Commission. The Forsage executives posted videos that promised huge returns Read more…
“There’s a new cryptocurrency in town,” quips SFGate. “But the only crash you’ll experience with this one is from sugar.” Inspired by the recent headlines and discussion around cryptocurrency, Hostess decided to capitalize by debuting their own edible investment: Enter $TWINKcoin, the latest limited-edition Twinkie iteration to hit shelves. “We Read more…
After admonishing crypto lender Voyager Digital for “false and misleading” statements on the subject, the FDIC said banks must ensure that crypto firms they partner with are clear about whether customer deposits are insured. In industry guidance published Friday, the Federal Deposit Insurance Corp. said insured banks should monitor that Read more…
El Salvador’s finance minister defended the country’s strategy to adopt Bitcoin as legal tender even as critics urge the nation to ditch the experiment as the cryptocurrency world suffers through a bear market. Almost a year into the country’s bet on Bitcoin, Alejandro Zelaya said the digital currency has brought Read more…