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Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs

Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICsCore Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive 15 exahash per second (EH/s) of Block’s mining ASIC chips, with the possibility of ordering additional silicon […]

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LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released

LAPD Investigates 9,000 Bitcoin ASIC Miner Theft, Suspect ReleasedAccording to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released from jail, and the LAPD stated that the investigation is ongoing. Canyon Country Resident Accused of Stealing $579K Worth of […]

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Australian Regulator Appeals Court Decision Exempting Block Earner From Penalty

Australian Regulator Appeals Court Decision Exempting Block Earner From PenaltyAustralian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed financial services through its crypto-related Earner product. On June 4, the court found Block Earner’s contraventions serious but exempted […]

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Bitmain’s New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower

Bitmain’s New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of HashpowerAt the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both models—one air-cooled and one hydro-cooled—boast an efficiency rating of under 14 joules per terahash. Bitmain Introduces S21 XP and S21 XP Hydro Bitmain’s new Antminer S21 series mining […]

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Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer DesiweminerBitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up to seven years. Bitdeer and Desiweminer Join Forces in Multimillion-Share Acquisition Deal […]

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Block Earner spared penalty in regulator’s crypto yield suit

The Australian federal court relieved Block Earner from paying a penalty in the local financial regulator’s legal action over unlicensed crypto yield-bearing products.

Australia’s federal court has relieved fintech firm Block Earner from paying a fine despite the court finding it offered a crypto yield-bearing product without a financial services license.

Justice Ian Jackman ruled on June 4 that Block Earner “acted honestly,” and at the time its yield-bearing “Earner” product launched, it did consider getting licensed, but its research and legal advice concluded it didn’t need one.

Block Earner founder and CEO Charlie Karaboga told Cointelegraph that getting a legal opinion before it launched the product “showed that we acted honestly and did everything that we could do as a startup.”

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Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in Texas

Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in TexasRepublican Senator Ted Cruz from Texas has announced that he purchased three application-specific integrated circuit (ASIC) bitcoin miners. “I just bought 3 Bitcoin miners that started hashing today in Iraan, TX,” the Senator stated on X this week. “I’m proud to join the ranks of Texas bitcoin miners,” he added. Cruz is an ardent advocate […]

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Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations

Australian Court Rules Against BPS Financial for Unlicensed Crypto OperationsThe Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market. ‘First Court Outcome’ Against Crypto Payment Facility The Federal Court of Australia has found that BPS Financial […]

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$41,000,000 in Crypto Seized From Blockchain Mining Group in Australia

,000,000 in Crypto Seized From Blockchain Mining Group in Australia

Authorities have seized over $41 million from a blockchain mining group in Australia for allegedly operating without a license. According to a new press release by the Australian Securities and Investments Commission (ASIC), civil actions are being taken against the NGS Crypto, NGS Digital and, NGS Group, as well as their respective directors, Brett Mendham, […]

The post $41,000,000 in Crypto Seized From Blockchain Mining Group in Australia appeared first on The Daily Hodl.

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LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody

LAPD Recovers .9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in CustodyThe Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items. California Authorities Arrest Trio for Stealing Bitcoin Mining Hardware On March 19, 2024, the LAPD, along with detectives from the […]

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