Bitfarms reports a $36 million net loss in Q1 2024, prompting a strategic shift from Bitcoin mining to high-performance computing (HPC) for AI applications. Learn about the company’s challenges, strategies, and future outlook.
Tag: Business
Democrats Request Suspicious Activity Reports on Trump’s Crypto Ventures
US Democrat lawmakers are seeking access to suspicious activity reports (SARs) related to Trump-backed crypto projects, including World Liberty Financial (WLF) and the TRUMP token, to investigate potential financial misconduct.
Sonic Labs Wins Judgment to Wind Up Multichain Foundation: Recovering $210M Hack Funds
A Singapore High Court has granted Sonic Labs’ motion to wind up the Multichain Foundation following a $210 million hack in 2023. Liquidators from KPMG will now attempt to recover and distribute funds to affected users.
VanEck Launches NODE ETF: Investing in the Onchain Economy
VanEck’s new Onchain Economy ETF (NODE) provides investors exposure to blockchain-based companies, excluding direct cryptocurrency holdings. Learn about NODE’s strategy, top holdings, and other recent ETF filings by VanEck.
South Korean Presidential Hopefuls Champion Bitcoin ETF Legalization: A Comprehensive Analysis
Leading South Korean presidential candidates are advocating for the legalization of Bitcoin ETFs, potentially mirroring Hong Kong’s move. This comprehensive analysis explores the candidates’ stances, potential regulatory changes, and the implications for South Korea’s crypto market.