Bitwise is among the six financial firms whose spot Bitcoin (BTC) ETF applications are on hold after the SEC delayed its consideration. That move came after a court overturned the agency’s rejection of a Grayscale Investments application to convert its over-the-counter Grayscale Bitcoin Trust into a listed BTC ETF.Continue Reading on Coin Telegraph More
John Belizaire, CEO of Soluna Holdings, commented, “We’ve had a busy summer ramping Project Dorothy through record high temperatures. As we approach the peak wind months and cooler temperatures in Texas, we have achieved a key milestone to complete Project Dorothy 1 and bring it to its 50 MW capacity. We have also made great progress accelerating development at Project Dorothy 2, Project Kati, and working on operational improvements, including significant reductions in SG&A. We also began delivering on our promise to mitigate curtailment for renewable energy power projects.”The Company has provided the following Corporate and Site Updates.Corporate Highlights:Key Company Metrics:Project Dorothy 1A ( 951 PH/s, 25 MW, Hosting):Project Dorothy 1A Metrics:Project Dorothy 1B ( 816 PH/s, 25 MW, Prop-Mining):Project Dorothy 1B Metrics:Project Sophie (844 PH/s, 25 MW, Hosting):Project Sophie Metrics:Project Kati (166 MW):View Soluna’s Earnings Power Presentation here.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.About Soluna Holdings, Inc (SLNH)Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’View source version on businesswire.com: https://www.businesswire.com/news/home/20230926063875/en/Sam SovaFounder and [email protected]: Soluna Holdings, Inc. More
In a Sept. 26 announcement on LinkedIn, Belive said she had accepted the policy position at Ripple to lead engagement in Washington D.C. and across the United States. She had previously worked in similar roles at Softbank (OTC:SFTBY) Group, Zoom (NASDAQ:ZM), and Lyft (NASDAQ:LYFT) following her experience in government.Continue Reading on Coin Telegraph More
The SEC has brought charges against Ripple executives, including Garlinghouse, alleging that they aided and abetted the distribution of XRP as an unregistered security. This case has been a subject of much attention in the crypto industry, as it seeks to define the regulatory landscape for digital assets.Mukhi’s addition to the team is seen as significant due to his previous role as an Assistant Attorney in the Southern District of New York (SDNY), where he acquired substantial experience in dealing with international crime cases.Despite an interlocutory appeal by the SEC and a request for a stay of other proceedings, the trial is set to proceed in Q2 2024. This follows a federal court ruling that most transactions conducted by Ripple, including XRP sales, are not investment contracts. The defense team has already submitted blackout dates in preparation for the forthcoming trial.The outcome of this lawsuit could have far-reaching implications for Ripple Labs and the broader cryptocurrency market. As such, all eyes will be on this case as it unfolds over the coming months.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
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According to a presidential decree published on Sept. 19, President Nicolás Maduro ordered the extension of the period of forced reorganization of Sunacrip. The period of the new extension officially started on Sept. 17 and will last until March 24, 2024. Continue Reading on Coin Telegraph More
The updated ToS now states that “corporates controlled by another entity, directors, and shareholders residing in Singapore are no longer permitted to be Tether customers.” This change has created uncertainty for Cake DeFi and other entities in Singapore regarding their ability to redeem USDT into U.S. dollars.Hosp expressed his concerns about this change via an email he received from Tether on Monday, stating that due to being based in Singapore, he was unsure if Cake DeFi could ensure the redemption of USDT into U.S. dollars. The email from Tether cited changes in its ToS as the reason behind this sudden policy shift.The crypto community has been puzzled by the phrase “controlled by another entity,” with many speculating that these changes might be specific to Cake DeFi and could signal potential partnership issues between the two firms.Paolo Ardoino, CTO of Tether, clarified that the policy change has been in effect since 2020. However, he did not provide a clear response as to why Cake DeFi received this notification earlier on Monday.These changes have occurred against the backdrop of a major cryptocurrency money laundering scandal in Singapore, with assets seized from the bust amounting to $1.7 billion. The timing and motivations behind Tether’s policy shift remain unclear.A Tether spokesperson reaffirmed the company’s commitment to compliance with global regulations, including those set forth by Singapore regulators. They stated that the onboarding process is meticulous and remains a cornerstone of their platform.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Dimon underscored the potential of stronger trade ties between the US and India, viewing them as “natural partners” for the next “100 years”. He expressed optimism for India’s economic future, citing JP Morgan’s recent inclusion of Indian Government Securities (G-Secs) into its index.This move by JP Morgan is expected to result in a $25 billion influx into Indian G-Secs and potentially lead to lower interest rates in the country. This forecast indicates a significant boost to India’s financial market and further emphasizes the growing economic relationship between India and the US.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
