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“# Greenidge Generation will use BTC mining profits to build solar farm ” Bitcoin mining company Greenidge Generation is planning to increase the number of renewable energy sources available for use in New York. In a Thursday announcement, Greenidge said it would be using the profits from its Bitcoin (BTC) miners in the Finger Lakes…
“# COIN price fails to impress as more crypto firms are eager to go public ” 2021 has been a rollercoaster year for the crypto industry, with Bitcoin (BTC) scaling up to an all-time high of $65,000 earlier this year in April, only to dip down to the sub $30,000 zone just months later. However,…
“# Solana based cross-chain exchange Saber raises $7.7M to expand team and tokens ” Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28….
“# Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims ” An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case. The Nano team is after $701,000 in attorney fees and costs as a sanction…
“# Erik Voorhees lashes ‘disgusting’ behavior of Bitcoin Maxis: ‘Not the community I come from’ ” Erik Voorhees, the founder and CEO of ShapeShift, has revealed in a podcast that he felt embarrassed and disgusted by the behavior of Bitcoin maximalists at the 2021 Bitcoin conference in Miami. A Bitcoin OG who can see some…
“# BlockCrushr drops lawsuit accusing ConsenSys of stealing its IP ” Canadian blockchain startup BlockCrushr has agreed to drop an intellectual property (IP) lawsuit against early backer, Ethereum-focused software engineering firm, ConsenSys. The two firms filed a joint agreement to dismiss the case on July 27, with the deal’s terms prohibiting BlockCrushr from attempting to…
“# Unique Bitcoin-backed home loan refinancing deal in California ” One of Southern California’s largest independent escrow companies, Glen Oaks Escrow, has announced its first property refinancing with a Bitcoin-backed loan. The company stated that this is the first time a refinancing has been completed using Bitcoin as collateral. In the July 28 announcement it…
“# Genesis Digital Assets raises $125M as mining sector pivots to the west ” Genesis Digital Assets has become the latest Bitcoin mining firm to raise millions towards plans for aggressive expansion amid the exodus of miners from China due to its crackdown on the sector. On July 28, Genesis announced it had closed a…
“# PayPal’s crypto ‘super app’ set to roll out soon ” Payment provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform. During PayPal’s Q2 2021 investor update call today, CEO Dan Schulman said the initial version of the company’s super app wallet was…
“# Multiverse secures $15M investment from Samsung Next, leading blockchain VCs ” Multiverse, a decentralized artificial intelligence ecosystem that funds early-stage tech companies, has secured $15 million in investments from some of blockchain’s biggest venture funds. Samsung Next, a developer ecosystem focused on AI, blockchain and fintech, was among the investors, along with Arrington XRP…