
The mining hardware maker said it’s refocusing on its core business of ASIC chip design and high-performance computing equipment as it scales production in the United States.

The mining hardware maker said it’s refocusing on its core business of ASIC chip design and high-performance computing equipment as it scales production in the United States.
Jack Dorsey’s financial services company, Block, Inc., surged almost 9% in after-hours trading on Friday following the news that it will be added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. Block will replace US energy company Hess Corp on the S&P 500 before trading commences on…
Li Lin, the founder of cryptocurrency exchange Huobi and chair of investment company Avenir Capital, has reportedly raised about $1 billion as part of a strategy to invest in Ether. According to a Bloomberg report on Friday, Li has partnered with Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai…
Deliberations over the crypto market structure bill between industry executives and US lawmakers hit a fever pitch on Wednesday in a tense meeting, following a leaked proposal from Democrats to impose permissioned requirements on the decentralized finance (DeFi) sector. Democratic senators accused industry executives of acting as an extension of the Republican Party after a…
Harvard University boosted its investment in BlackRock’s Bitcoin exchange-traded fund (ETF) by over 250% in the third quarter after the Ivy League school first bought into the fund earlier this year. Harvard Management Company, the business that manages the university’s $57 billion endowment fund, reported in a regulatory filing on Friday that it held over…
Top Stories of The Week Australian fintech Finder wins court battle over crypto yield product The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. In a Thursday court…
Argentina is considering allowing local financial institutions to engage more directly with cryptocurrencies in a move that would mark a significant shift from its restrictive stance, according to local media report. According to a Friday report by local news outlet La Nacion, Banco Central de la República Argentina (BCRA), Argentina’s central bank, is considering allowing…