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Riot Platforms bolsters Bitcoin reserves with $510 million purchase
Riot Platforms, a leading Bitcoin mining company, has acquired 5,113 BTC for $510 million. According to a Dec. 13 post on the social media platform X (formerly Twitter), the company said the Bitcoin was bought at an average price of $99,669 per BTC, including fees and related expenses. дальше »
2024-12-15 21:30 | |
BlockDAG’s Bonus Drives Presale to $160M — Uniswap & Spot Ethereum ETF Updates
The crypto scene is bustling with excitement as new updates roll out constantly. The latest from Uniswap delivers state-of-the-art trading tools that streamline operations and reduce expenses. дальше »
2024-12-11 20:39 | |
USDC stablecoin issuer Circle cuts 6% staff amid push for AI: report
Circle has reduced its workforce by less than 6%, saying the layoffs are part of a routine review of investments and expenses as the company continues its global expansion. Stablecoin issuer Circle has reduced its workforce by less than 6%,… дальше »
2024-12-5 15:59 | |
Russia to impose 15% tax on Bitcoin mining profits under new draft bill
Russia is advancing its regulatory framework for cryptocurrency mining with a proposed amendment to its Bitcoin mining legislation. An Interfax report states, that the draft, introduced by the Ministry of Finance, establishes new tax guidelines for income and expenses related to crypto mining and infrastructure operations. дальше »
2024-11-18 17:40 | |
Detroit becomes first city to fully adopt crypto payments for taxes, fees
Detroit is setting a national precedent by becoming the largest US city to accept crypto for taxes and city fees. City officials announced on Nov. 7 that residents will be able to pay these expenses with crypto starting in mid-2025 through a secure platform operated by PayPal. дальше »
2024-11-8 02:23 | |
Bitcoin Mining Halt Triggers 20% Electricity Price Surge in Norwegian City
Experts argue that this rise in energy bills highlights how Bitcoin mining can contribute to lower overall energy costs by distributing fixed grid expenses across a broader user base. The post Bitcoin Mining Halt Triggers 20% Electricity Price Surge in Norwegian City appeared first on BeInCrypto. дальше »
2024-9-15 18:30 | |
Nasdaq-listed Semler Scientific boosts Bitcoin holdings above 1000 BTC to become top 20 holder
Nasdaq-listed medical technology firm Semler Scientific has expanded its Bitcoin holdings by purchasing an additional 83 BTC for $5. 0 million, according to an Aug. 26 statement. This acquisition brings the company’s total Bitcoin holdings to 1,012 BTC, acquired at a cumulative cost of $68 million, including fees and expenses. дальше »
2024-8-27 19:21 | |
Bitcoin Layer-2 Projects Face Potential Hurdles with Data Posting Expenses
Galaxy Research highlights that Bitcoin rollups may struggle with elevated expenses from using limited blockspace on the Bitcoin network. The post Bitcoin Layer-2 Projects Face Potential Hurdles with Data Posting Expenses appeared first on BeInCrypto. дальше »
2024-8-5 13:45 | |
Polkadot’s multi-million marketing expenses spark fury in blockchain community
Blockchain project Polkadot is under fire after revealing $37 million in expenses on the marketing budget, triggering criticism and scrutiny from its community. Polkadot, a sharded multi-chain network founded by the Ethereum co-founder Gavin Wood, is facing backlash after disclosing… дальше »
2024-7-2 14:30 | |
Anonymous Bitcoin Donor Foots Bill For Julian Assange’s Flight Into Freedom
An anonymous donor has significantly contributed to the cause of Julian Assange, the founder of WikiLeaks, by covering almost the entire cost of his travel expenses as he transitioned from detainment to freedom. дальше »
2024-6-26 10:30 | |
SEC ‘exceeded’ authority on fee disclosures, US appeals court rules
A US appeals court has overturned an SEC rule mandating hedge funds and private equity firms to increase transparency on fees and expenses, stating the regulator exceeded its authority. The post SEC ‘exceeded’ authority on fee disclosures, US appeals court rules appeared first on Crypto Briefing. дальше »
2024-6-7 10:44 | |
Bitcoin Chosen As Treasury Reserve Asset By This Healthcare Firm Following $40M Purchase
In a bold move that has sent its stock price soaring, medical device company Semler Scientific Inc. has announced that it has allocated a significant portion of its cash reserves to Bitcoin (BTC). According to Bloomberg, the San Jose, California-based firm purchased 581 Bitcoin for a total of $40 million, including fees and expenses. Semler […] дальше »
2024-5-29 05:00 | |
Court sanctions SEC, orders it to cover legal fees in DEBT Box case
The US Securities and Exchange Commission (SEC) has been sanctioned over its disputed restraining order against the crypto firm DEBT Box, according to a March 18 court filing. As a result of the SEC’s misconduct, the court has mandated the commission to cover the legal fees, costs, and expenses incurred by DEBT Box. дальше »
2024-3-19 04:14 | |
Arbitrum DAO to refine legal aid proposal for Tornado Cash amid industry debate
Arbitrum’s decentralized autonomous organization (DAO) has withdrawn a proposal aimed at funding the legal defense expenses of Tornado Cash’s developers. In a Mar. 9 post on social media platform X (formerly Twitter), Joseph Axisa, the Arbitrum DAO contributor who wrote the proposal, explained that it was removed for further refinements. дальше »
2024-3-12 18:50 | |
Terraform Labs Rebukes SEC Strategy to ‘Distract and Disadvantage’
Terraform Labs faces accusations from the SEC for misusing $166 million and seeks court permission to pay necessary legal expenses amidst claims of SEC's ulterior motives. The post Terraform Labs Rebukes SEC Strategy to ‘Distract and Disadvantage’ appeared first on BeInCrypto. дальше »
2024-3-5 11:30 | |
Virginia Proposes a Mere $17,192 a Year for New Blockchain and Cryptocurrency Commission
The money is set to cover the costs associated with having meetings including travel expenses. дальше »
2024-2-19 12:56 | |
BTC and ETH safe from 51% attacks, Coin Metrics cites using cost barriers
Crypto intelligence firm Coin Metrics has revealed in its latest research that it has become impractical for nation-states to dismantle the BTC and ETH network through 51% attacks, given the prohibitive expenses involved. дальше »
2024-2-17 12:30 | |
Bitcoin Mining Boom: Marathon Digital’s Historic 1,853 BTC Monthly Record
Marathon Digital mined a record 1,853 Bitcoin in December 2023, selling 38% to cover operational expenses. The company's stock rose over 12% on Thursday. The post Bitcoin Mining Boom: Marathon Digital’s Historic 1,853 BTC Monthly Record appeared first on BeInCrypto. дальше »
2024-1-6 19:00 | |
FTX files revised plan to repay creditors as bankruptcy legal fees hit USD 53K/h
Embattled crypto exchange FTX is grappling with soaring legal expenses, burning through $53,000 per hour on bankruptcy-related fees. As a result, FTX has filed an amended plan to resolve its bankruptcy and repay creditors, but concerns arise regarding the valuation of customer claims and escalating legal costs. дальше »
2023-12-18 11:35 | |
Former Deutsche Bank Banker Poised To Plead Guilty In Crypto Fraud Case
Rashawn Russell, a former investment banker at Deutsche Bank, is reportedly preparing to change his plea to guilty in a cryptocurrency fraud case. The 27-year-old from Brooklyn, who initially denied defrauding investors, is accused of soliciting investments from friends and colleagues and misusing the funds for personal expenses, including gambling. According to a Bloomberg report, […] дальше »
2023-9-16 23:00 | |
Argo records $18.8m net loss despite increased mining efforts
Despite trimming debt and operational expenses, Argo Blockchain posted a net loss of over $18 million in H1 2023, records show. Argo Blockchain, a leading crypto mining company (LSE: ARB; NASDAQ: ARBK), has released its performance report for the first… дальше »
2023-8-29 18:02 | |
Binance halts crypto debit cards in Latam and Middle East
Binance announced the suspension of its crypto debit card services in Latin America and the Middle East starting Aug. 25. Crypto debit cards allow users to make purchases using their crypto. Binance Card enabled its users to cover daily expenses… дальше »
2023-8-24 16:17 | |
Richard Heart, Hex, PulseChain sued by SEC over unregistered securities, fraud
Richard Schueler, popularly known as Richard Heart, is facing a lawsuit alleging he raised over $1 billion in unregistered securities offerings across three projects and used investor funds for personal expenses. дальше »
2023-8-1 20:32 | |
Binance France records €4 million loss in 2022, optimistic for profit in 2023
Binance France first audited financial records covering 14 months between when the company was created in November 2021 to December 2022 showed that the exchange recorded a loss of €4 million. Throughout the period, Binance France incurred total expenses of €14 million to cater for its staff payroll, marketing, administrative costs, taxes, and professional fees. дальше »
2023-7-22 02:47 | |
Celsius to spend $25 million from GK8 sale on legal expenses
Celsius acquired GK8 for $115 million in 2021 but was forced to sell it as part of its restructuring process. The shareholders have proposed allocating $24 million from the sale proceeds for leThe post Celsius to spend $25 million from GK8 sale on legal expenses appeared first on AMBCrypto. дальше »
2023-7-18 18:00 | |
Binance cuts back on employee benefits, citing ‘decline in profit’: Report
The crypto exchange reportedly stopped offering reimbursement to employees for certain expenses, including the use of mobile phones, fitness and working from home. дальше »
2023-7-18 21:10 | |
FTX incurs over $120m in advisor fees as bankruptcy costs mount
FTX, the bankrupt crypto exchange, faces significant legal and advisory costs, with filings revealing that fees and expenses between February 1 and April 30 amounted to $121.8 million. The data, compiled by The Block Research, shows that FTX’s lawyers at… дальше »
2023-6-20 09:44 | |
Coinbase reports 22% revenue growth, net loss of $79M for Q1; notes lower volatility in Q2
Coinbase said May 4 that its net revenue increased by 22% quarter over quarter to $736 million and its operating expenses fell by 24% from the previous quarter. The reduction in operating expenses is related to the fact that the company laid off 950 employees in January. дальше »
2023-5-5 23:46 | |
Regulated Bitcoin Futures: A Faustian Bargain?
Argentina approves a Bitcoin futures index, but it does not come without high expenses and significant risks for investors. The post Regulated Bitcoin Futures: A Faustian Bargain? appeared first on BeInCrypto. дальше »
2023-4-18 23:13 | |
Google on Path of Multi-Year Saving by Cutting Employee Services and Other Goodies
Coinspeaker Google on Path of Multi-Year Saving by Cutting Employee Services and Other Goodies Google's chief of finance referred to the 2008 times when the expenses were growing faster than the revenue, and thus they have decided on an internal rejig in that regard. дальше »
2023-4-5 12:08 | |
Disney Metaverse Division Reportedly Scrapped
Disney, the worldwide entertainment behemoth, is implementing a major change in its corporate strategy by reportedly dismantling its Disney Metaverse division. Seemingly, this action is part of a larger plan to cut operating expenses by $5. дальше »
2023-3-29 23:32 | |
Former FTX CEO Sam Bankman-Fried seeks insurance coverage for legal expenses
Sam Bankman-Fried is seeking the court’s assistance in giving priority to the reimbursement of his legal fees. The post Former FTX CEO Sam Bankman-Fried seeks insurance coverage for legal expenses appeared first on CryptoSlate. дальше »
2023-3-16 05:00 | |
FTX Lawyers, Advisers Submit Nearly $40 Million Invoice For January Work
FTX lawyers working on the crypto exchange’s bankruptcy case billed nearly $40 million in expenses in January, according to documents filed in court. The lawyers are part of a group of legal experts hired to assist FTX in its Chapter 11 bankruptcy case, which was filed last year after the exchange faced a series of […] дальше »
2023-3-8 16:10 | |
Marathon Digital sells 1,500 BTC to fund operational expenses
Marathon Digital’s bitcoin production and mining operation updates for January 2023 show the company produced a record 687 BTC last month, representing a 45% increase compared to the previous month. Marathon sold off 1,500 BTC during the same period to… дальше »
2023-2-3 14:02 | |