Cryptocurrency

SGKB has partnered with the global cryptocurrency-focused SEBA Bank to offer its clients digital asset custody and brokerage services.Continue Reading on Cointelegraph More

“Our recent achievement of 10 EH/s, with nearly 89,000 operational machines, demonstrates our ability to maximize efficiency to produce more hashrate using the same amount of energy. Energy and capital efficiency are paramount to our operations,” said Zach Bradford, CEO. “A combination of software optimizations and hardware upgrades have led to impressive gains in our total hashrate without requiring additional power at our existing sites. Our fleet-wide efficiency is now estimated at 27.32 J/Th (joules per terahash) and, with the ongoing arrival of new XPs and in anticipation of the Antminer S21s we ordered in October, we expect to continue to build on these accomplishments across one of the largest and most efficient mining operations in the industry.”Our expected efficiency of 23.5 J/Th, once all new machines are deployed, not only reduces operational costs but it also ensures we are well prepared for the Bitcoin halving next year. We’re proud of our data-driven achievements and remain committed to embedding efficiency throughout our operational framework.”October Bitcoin Mining Update (unaudited)The Company sold 562 BTC in October 2023 at an average of approximately $28,600 per BTC. Sales of BTC equated to proceeds of approximately $16 million. October daily BTC mined averaged 20.42 and reached a high of 22.Operational updateSandersville. No serious delays have been reported and site construction remains on track for an expected yearend completion. Notable updates include: steel and roof structures are complete for Buildings 1, 2, and 3; racks have also been installed for these buildings. Most of the conduit has been installed site wide and the majority of concrete has been poured for the remaining buildings.”I’m pleased to report that construction is on schedule for our Sandersville expansion,” said Scott Garrison, senior vice president of growth. “Over the coming weeks, the remaining structures are expected to rapidly pass through various stages of construction as multiple trades work together to build what we believe will be the largest digital asset data center in Georgia.”For updates on our progress in Sandersville, check out the Company’s official YouTube account here. More

The circulars offer instructions to intermediaries participating in tokenized securities activities and outline the criteria for tokenizing investment products authorized by the SFC.Continue Reading on Cointelegraph More

The Multichain Bridge, frozen since its exploit in July 2023, opened momentarily and closed again on Nov. 1. The wallet seized the opportunity of the momentarily opened bridge to make millions of dollars in profits.Continue Reading on Cointelegraph More

The pilot project dedicated to wholesale CBDC, named Helvetia Phase III, will test the efficacy of a Swiss Franc wCBDC in settling digital securities transactions. The pilot builds on the findings of the first two phases — Helvetia Phases I and II — conducted by the BIS Innovation Hub, the SNB and SIX.Continue Reading on Cointelegraph More

Backed by financial heavyweights including Charles Schwab (NYSE:SCHW), Fidelity, Citadel Securities, Paradigm, Sequoia Capital, and Virtu Financial (NASDAQ:VIRT), EDX Markets has distinguished itself with high liquidity, superior security measures, swift transaction capabilities, and a strong commitment to price discovery. The platform’s strategy utilizes liquidity from multiple market makers to enhance transparency and eliminate user misunderstandings.The discontinuation of Bitcoin Cash support is seen as part of the platform’s ongoing strategy to streamline its operations and concentrate on currencies that have shown consistent growth and stability. This move is expected to allow EDX Markets to further enhance its service offerings and maintain its edge in an increasingly competitive cryptocurrency market.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Browsers with the Metamask wallet extension currently show a warning when users attempt to view the Multichain explorer, due to the fact that the protocol has been hacked. However, it can be viewed with a browser that does not have a Web3 wallet installed. Cointelegraph does not recommend connecting to Multichain with a wallet app, and the site itself may also be unsafe.Continue Reading on Cointelegraph More

BitGo has obtained a cryptocurrency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing crypto assets like Bitcoin (BTC) for its clients since 2019 under the supervision of BaFin as part of a transitional regime, the report notes.Continue Reading on Cointelegraph More