Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%

Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and high-performance computing infrastructure Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday. The digital infrastructure company reported $30 million in revenue,…

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South Korea drops Travel Rule threshold for crypto transfers

South Korea will remove its 1 million won Travel Rule threshold and apply information-sharing requirements to all transfers between registered crypto service providers. South Korea will expand its crypto Travel Rule to all transfers between registered virtual asset service providers (VASPs), removing the current 1 million won (about $700) threshold. The country’s Cabinet approved amendments…

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