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The Daily: Harris' first remarks on crypto, Silvergate exec reveals reasons behind shutdown, Bitfarms-Riot reach settlement agreement and more

Kamala Harris discusses crypto at a fundraiser while Bernstein highlights need for clarity. Silvergate's shutdown, Ether's performance, and Bitfarms/Riot settlement are also key topics.

theblock.co • 23/09/2024 - 17:14 PM

Bitfarms and Riot Platforms reach settlement agreement in takeover saga

Riot Platforms and Bitfarms reached a settlement ending a hostile takeover attempt, resulting in board changes and shareholder agreements to enhance shareholder value and business focus.

theblock.co • 23/09/2024 - 13:42 PM

AI-focused Bitcoin miners are outperforming rivals amid 'significant upside' potential for the industry, Bernstein says

AI-focused Bitcoin miner stocks are outperforming their rivals due to stronger conviction in the data center thesis, according to analysts at Bernstein. However, all public miners have “significant upside” potential from the power portfolios they control alongside anticipated positive bitcoin price action, the analysts said.

theblock.co • 18/09/2024 - 11:18 AM

The Daily: Bitcoin and ether dip amid second Trump assassination attempt, Fed may cut rates by 50 bps this week and more

Bitcoin and ether prices fell after a second Trump assassination attempt report, while the Fed considers rate cuts and former Celsius CEO faces possible 115-year prison sentence.

theblock.co • 16/09/2024 - 17:54 PM

MINING COMPANIES

Residents of a Norwegian town complained about a Bitcoin mine's noise; now that it’s shut down, they face a 20% energy bill hike

Stokmarknes residents celebrate the closure of a noisy Bitcoin mining facility, but face increased energy costs due to the loss of the power company's major customer.

theblock.co • 16/09/2024 - 14:12 PM

Blockstream launches third series of security token providing bitcoin mining exposure

Blockstream launches Blockstream Mining Note 2, an EU-compliant security token providing Bitcoin hash rate exposure, aiming for consistent returns and market stability.

theblock.co • 05/09/2024 - 10:00 AM

The Daily: Bitcoin's four-year cycle is 'dead,' CFTC charges Uniswap Labs, Mark Karpeles to launch new 'transparent' crypto exchange and more

Outlier Ventures said the four-year cycle is dead after bitcoin’s “worst price performance following any halving to date.” Uniswap Labs settled with the U.S. Commodity Futures Trading Commission for $175,000 on charges related to derivatives trading. Former Mt. Gox CEO Mark Karpeles’ new crypto exchange is set to launch this month with a focus on “transparency.” The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 04/09/2024 - 17:46 PM

MINING COMPANIES