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Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured
23.9.2022
The company was financed by Generate Capital, which seized the data-center operator’s assets
Bahrain's EazyPay Partners with Binance Pay, Compute North Files for Bankruptcy, Tornado Cash Returns to GitHub + More News
23.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Bahrain's EazyPay Partners with Binance Pay, Compute North Files for Bankruptcy, Tornado Cash Returns to GitHub + More News
Bitcoin Miner Marathon Digital Downgraded at BTIG on Headwinds From Compute North’s Bankruptcy
23.9.2022
Compute North is Marathon Digital’s primary mining hosting provider
El Salvador's Bitcoin decision: Tracking adoption a year later
23.9.2022
El Salvador made history last year in September by making BTC a legal tender. One year later, the falling BTC prices and delayed Volcanic bonds have fueled skepticism
BTC mining firm Compute North files for bankruptcy
23.9.2022
Compute North’s hosting partners Compass Mining have stated that the firm will continue to operate business as usual at this stage
Crypto Mining Data Center Provider Compute North Files for Bankruptcy Protection
22.9.2022
The company earlier this year raised $385 million in fresh capital
OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware Activities
14.9.2022
The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that...
Crypto Community Making It Hard for North Korean Hackers to Benefit
9.9.2022
The startling increase in money plundered from DeFi technologies, especially in specific cross-chain bridges, is one of the most alarming developments in cryptocurrency crime. Professional hacker groups like Lazarus Group and other North Korean-affiliated malicious people are responsible for...
US Seizes Cryptocurrency Worth $30 Million From North Korean Hackers
9.9.2022
Blockchain data analytics firm Chainalysis has revealed that U.S. authorities have seized cryptocurrency worth $30 million from North Korean hackers. “This marks the first time ever that cryptocurrency stolen by a North Korean hacking group has been seized, and we’re confident...
Sorare Partners With NBA to Build a Licensed NFT Game
8.9.2022
Sorare, a French fantasy game startup, reached an agreement with the National Basketball Association (NBA) to build a non-fungible token (NFT) game under its license, allowing the company to use team names and player likenesses from the league. The company, which had already signed similar...
Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year
4.9.2022
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end. CFOs...
Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota
28.8.2022
This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North...
Crypto licensing roundup: Learn about the most recent approvals in the industry
24.8.2022
Here's where cryptocurrency firms have received the most regulatory approvals and licenses over the past few weeks
Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam
12.8.2022
According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial...
Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash Transactions
9.8.2022
Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number...
OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M
9.8.2022
On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code...
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
8.8.2022
The dramatic decline in bitcoin prices led to a $127.6 million impairment on the company's BTC holdings
US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC’s SDN List
8.8.2022
On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus Group. OFAC Sanctions Tornado Cash...
US Secretary of State Tweets, Deletes Claim That Crypto Mixer Tornado Cash Is North Korea-Sponsored
8.8.2022
U.S Secretary of State Antony Blinken raised eyebrows Monday when he tweeted that the U.S. Treasury Department had "sanctioned virtual currency mixer Tornado Cash, which is a U.S.-sanctioned, DPRK state-sponsored hacking group, used by the DPRK to launder money." One hour and three minutes later...
US ethics advisory on federal employee's crypto has basis in legislation
8.8.2022
The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds