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Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations

Authorities in Iran have seized tens of thousands of bitcoin mining machines claimed to have been using illegally subsidized electricity from state-run energy provider Tavanir. According to a report by local media…

Offline Travel App Maps.Me Raises $50M in Funding Round Led by Alameda Research

An offline mobile map for travelers has raised $50 million in a funding round led by Alameda Research. Announced Monday, the fresh capital will go toward the launch of a…

Bitcoin Miners Aren’t Responsible for Recent Price Dips, Data Shows

“Miners are selling” is a popular trope used to explain bitcoin’s occasional downward price action. But on-chain data doesn’t support this narrative, according to analysts and mining pools themselves. After…

Galaxy Digital Launches Proprietary Mining, Miner Financial Services

Galaxy Digital (GLXY) has announced the launch of its miner financial services and proprietary mining operations. Per a release, the publicly traded digital asset management firm is integrating its existing…

Lido Protocol Does Eth 2.0 Staking but With a DeFi Twist

There’s a decentralized autonomous organization (DAO) that lets ETH holders back Ethereum 2.0 without losing liquidity, and it wants to give its participants a vote. Until Feb. 12, ETH holders…

Tether’s Bank Says It Invests Customer Funds in Bitcoin

Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video,…

Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K

Bitcoin’s prices reached all-time highs less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly begun in October, its value…