Cryptocurrency

“We had our best quarter and best fiscal year ever,” said CleanSpark CEO Zach Bradford. “We have a proven track record as the best operator in North America. Our efficiency is up, our energy costs are among the best in the industry, and our facilities are running at max capacity. I’m especially proud of our operational teams and leaders who, day in and day out, demonstrate grit as we outpace our peers as one of the leading vertically integrated bitcoin miners in North America.”September Bitcoin Mining Update (unaudited)The Company sold 80 bitcoin in September 2023 at an average of approximately $26,800 per BTC. Sales of BTC equated to proceeds of approximately $2.2 million. September daily BTC mined averaged 21.43 and reached a high of 22.59.Operational updateSandersville. The steel structure and roof for Building 1 are complete and the indoor switchgear has been placed. The structures for Buildings 2 and 3 are in progress, and indoor switchgear has been placed for Building 2. The remaining seven mining buildings are in various stages of construction, from underground conduit installations to slab concrete for the structures and transformers. No serious delays have been reported and site construction remains on track for yearend completion.For regular updates on our progress in Sandersville, check out the Company’s official X (formerly Twitter) account: https://twitter.com/CleanSpark_Inc More

In an excerpt of Going Infinite: The Rise and Fall of a New Tycoon published in the Washington Post on Oct. 1, Lewis describes several interactions Bankman-Fried had with the media and influential figures prior to the downfall of FTX and his criminal charges in the United States. According to the author, he would frequently play video games in the background during online interviews — his League of Legends exploits are well reported — often giving little attention to people, including Vogue editor-in-chief Anna Wintour.Continue Reading on Coin Telegraph More

Compared with its peak in 2021 and 2022, search interest for the metaverse has declined in 2023, according to data from Google (NASDAQ:GOOGL) Trends. The declining interest in the metaverse has also led some to declare that the metaverse hype is dead. Continue Reading on Coin Telegraph More

The lawsuit against Ripple has been causing considerable instability in XRP’s market status, a situation that was further exacerbated by Coinbase (NASDAQ:COIN)’s recent decision to delist XRP. Deaton’s critique comes amidst these market disruptions and points to what he perceives as a lack of balanced reporting on the issue.In a significant development last week, the court dismissed the SEC’s expert testimony in the case. This dismissal was made possible due to the intervention of XRP holders who were granted an Amicus (NASDAQ:FOLD) Curiae status. The court cited 3,000 affidavits from XRP holders and Ripple’s programmatic sales as evidence of non-securities.Looking ahead, the lawsuit is set to enter a new phase with a trial against Ripple executives scheduled for Q2 2024. In addition, the SEC has submitted an interlocutory appeal in the case. Both developments suggest that this legal battle is far from over and will continue to influence XRP’s market status in 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

The debut of the VanEck Ethereum Strategy ETF ($EFUT) was a significant event anticipated by many in the crypto market. However, following its launch, sell volume increased, potentially due to traders engaging in profit-taking to recover some losses encountered during this bear market.Despite these movements, some market insiders maintain an optimistic outlook for October, often referred to as “uptober” within the industry. The overall cryptocurrency market saw its valuation drop 1.62% over the past 24 hours according to CoinMarketCap data. The CoinDesk Market Index (CMI), a broad-based weighted index of hundreds of tokens, also fell 3%, indicating profit-taking across the board.Other cryptocurrencies such as XRP and BNB Chain’s BNB slumped 2.7%, while dogecoin (DOGE) and Tron network’s TRX fell as much as 4%. However, Rollbit’s RLB tokens rose by 8%, continuing a multi-day run amid increased token demand and platform revenues.Bitfinex markets analysts noted in a weekly report that long-term investors were continuing to add to their holdings, boosting demand. They pointed out that Bitcoin’s on-chain activity had hit record highs in terms of new addresses, with this activity predominantly involving short-term holder supply. “This allows the supply held by long-term holders to continue reaching new peaks as short-term holders sell,” they stated.The analysts also suggested that volatility might soon make a comeback in crypto, potentially towards the upside. However, they also acknowledged the ongoing Sam Bankman-Fried trial could influence market trends based on any new information about crypto markets that may emerge.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

According to local media, eight major cryptocurrency mining operators signed an open letter to President Kassym-Jomart Tokayev. The list includes BCD Company, TT TECH Limited, KZ Systems, AI Solutions, Green Power Solution, VerCom and Kinur Invest. Continue Reading on Coin Telegraph More

According to CoinShares, the inflow to digital asset investment products reached $21 million last week. Experts indicated that the main activity occurred at the end of the week before the end of the financial year. At that time, there was still no certainty regarding the distribution of budget funds to continue the work of the departments.Bitcoin (BTC) funds recorded an inflow of $20.4 million after an outflow of $6 million in the previous reporting period. From structures that allow opening shorts on the first cryptocurrency, investors withdrew $1.5 million (a week earlier, $2.8 million).Source: CoinShares Altcoin-based products showed mixed dynamics. In Ethereum (ETH) funds, investors released $1.5 million, the previous week – $2.2 million. Solana (SOL) based products raised $5.1 million.Europeans invested in crypto products last week but were unable to reverse the negative trend. According to a CoinShares report, investors have withdrawn $294 million from the industry since the beginning of the year.In the reporting period, the outflow reached $9 million, while trading volume reached $820 million, which is significantly lower than the average for the year ($1.3 billion).This article was originally published on Crypto.news More

At issue are posts made by Zhao on Twitter (now X) in early November on the eve of FTX’s collapse. The posts were made in conjunction with the decision by the defendants to liquidate their holdings in the FTX utility token FTT on Nov. 6. The plaintiffs estimated that Binance owned up to 5% of all FTT tokens. Continue Reading on Coin Telegraph More