1. Home
  2. georgia

georgia

CleanSpark still to restore 165MW in aftermath of Hurricane Helene

The massive category 4 hurricane has killed at least 137 people, and many more are still missing — while millions of homes and businesses remain without power. 

United States Bitcoin mining firm CleanSpark says it is still working to turn the power back on across all its facilities in the aftermath of Hurricane Helene — which saw devastating flooding, power outages and widespread damage across several US states. 

The Bitcoin miner’s hashrate briefly fell from 28 exahashes per second to 10.5 EH/s when it was forced to shut down 365 MW at the southeast Georgia site shortly after the hurricane started on Sept. 27. 

However, CleanSpark has managed to turn 200 MW back online since then, increasing its current operating hash rate to 22 EH/s, CleanSpark’s CEO Zach Bradford noted in a Sept. 30 statement.

Read more

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

5 US States Settle With GSB Group Over Unregistered Crypto Sales

5 US States Settle With GSB Group Over Unregistered Crypto SalesFive U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Russian Cybercriminal Extradited to US in Crypto Crime Case

Russian Cybercriminal Extradited to US in Crypto Crime CaseA Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commit money laundering, wire fraud, and Hobbs Act extortion. Arrested in Georgia in […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Police Warn of Bitcoin Scammers Posing as Bank Representatives

Police Warn of Bitcoin Scammers Posing as Bank RepresentativesThe Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from their accounts and deposit them into bitcoin ATMs. The sheriff’s office emphasizes […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million

Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for .8 MillionCleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month. Publicly Listed Miner Cleanspark Obtains 5 New Mining Facilities The newly acquired sites, which range from […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds

Attorney Disbarred After Misappropriating  Million in Bitcoin FundsThe Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised cryptocurrency. Despite […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Tether scales crypto payments in Eastern Europe with new investment

The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.

Stablecoin giant Tether is increasing its bets on cryptocurrency adoption in Eastern Europe with additional investment in the Georgia-based crypto payment provider CityPay.io. 

Tether officially announced on May 8 the injection of additional investment into CityPay.io, a payment platform allowing users to pay for services at places like Wendy’s and Radisson Hotels with cryptocurrencies like Bitcoin (BTC).

The investment is designed to further strengthen CityPay.io’s expansion into Eastern Europe, focusing primarily on Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan. 

Read more

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

States’ backlash against Binance.US continues with 6th license pulled

Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges.

Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license to operate there, following a spate of refusals earlier this year. 

The Oregon Division of Financial Regulation announced on April 30 that it had revoked Binance.US’s license, as a result of which it is prohibited from accepting money for transmission or holding or selling fiat or crypto for Oregon consumers. The division explained in a statement:

Oregon was following the example of five states that moved against the exchange after Zhao pleaded guilty to violating Anti-Money Laundering laws. Florida was the first state to act, suspending Binance.US’ license in November, shortly after Zhao’s guilty plea. Alaska followed suit at the beginning of January when it declined to renew its license.

Read more

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Turkey tops the world in stablecoin buying share vs. GDP

Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.

The United States may lead the world in stablecoin transaction volumes, but its share of stablecoin purchases relative to its gross domestic product (GDP) has been eclipsed by Turkey.

According to “The 2024 Crypto Spring Report,” released on April 25 by the blockchain intelligence firm Chainalysis, Turkey has the highest share of stablecoin purchases relative to its GDP.

Based on Chainalysis’ data, stablecoin buying in Turkey accounted for 4.3% of its GDP between April 2023 and March 2024, making it the world’s biggest spender of stablecoins relative to its GDP.

Read more

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Ripple To Partner With Georgia’s Central Bank in the Eurasian Country’s CBDC Pilot

Ripple To Partner With Georgia’s Central Bank in the Eurasian Country’s CBDC Pilot

Payments platform Ripple Labs is collaborating with the central bank of Georgia to create the nation’s first central bank digital currency (CBDC) pilot program. In a new company blog post, Ripple says that The National Bank of Georgia (NGB) has chosen to partner with Ripple for its digital Lari (GEL) pilot project. “The pilot will […]

The post Ripple To Partner With Georgia’s Central Bank in the Eurasian Country’s CBDC Pilot appeared first on The Daily Hodl.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks