HIVE Shares Jump 45% After Unveiling Ontario AI Gigafactory Plans
HIVE shares rose 45% after HIVE Digital Technologies Ltd. announced a CAD $3.5B AI gigafactory in Ontario, supporting 130,000 GPUs by 2027. Read more here.
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Indian Authorities Shut Down Fraudulent Crypto Trading Platform Stealing Over $90K
Indian police have successfully shut down a fraudulent cryptocurrency trading platform that defrauded investors of more than $90,000. The platform, which falsely presented itself as a legitimate crypto trading service, lured victims with promises of high returns. However, as the platform expanded its operations, the true nature of its scam came to light. This development…
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Dubai’s Cryptocurrency Revolution: Legalizing Crypto Salaries and Streamlining USDT Exchanges
Dubai is once again making headlines as it continues to lead the charge in crypto salaries for global digital finance revolution. In a groundbreaking decision, the Dubai Court of First Instance has ruled that cryptocurrency can be a valid form of salary payment under employment contracts, marking a significant shift in the UAE’s approach to…
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BitGo Moves $2 Billion in Bitcoin Ahead of Mt. Gox Creditor Repayments – Arkham
In a significant development for the cryptocurrency world, BitGo, a leading crypto custody platform, has initiated a substantial on-chain Bitcoin transaction, signaling the imminent final repayments to Mt. Gox creditors. On August 12, BitGo’s wallet, labeled “bc1q26,” transferred 33,105 Bitcoin (BTC), valued at approximately $2 billion, according to data from blockchain analytics firm Arkham Intelligence….
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Nigerian Court Orders $37.5M in Digital Assets Major Cryptocurrency Seizure
Nigerian Government’s Recent Crypto Asset Seizure In a significant legal development, the Nigerian government recently took decisive action against cryptocurrency-related crimes, freezing $37.5 million worth of digital assets. This cryptocurrency seizure followed a court order as part of broader efforts to crack down on illegal financial activities. The global rise in cryptocurrency usage, while offering…
