SpaceX Touches Its Bitcoin for the First Time in 3 Years—Onchain Detectives Take Notice

Elon Musk’s SpaceX (Space Exploration Technologies Corp.) just shifted 1,308 bitcoin ( BTC) — the first time it’s touched its stash in three years. $155M in Bitcoin Moves From SpaceX Wallets While the motive behind the transfer remains a mystery, SpaceX moved 1,308 BTC — worth $155 million — at block height 906627. The transaction … Read more

Mawson CEO Fired for Cause Amid Accusations of Fraud and Misconduct

Bitcoin mining and colocation provider Mawson Infrastructure has terminated its CEO and President, Rahul Mewawalla, for cause, accusing him of breaching fiduciary duties and committing fraud. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. The fallout comes just … Read more

Conflux Launches Offshore Yuan-Backed Stablecoin for Countries in China’s Belt and Road Initiative

Conflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network upgrade event in Shanghai. This stablecoin, pegged 1:1 to the offshore Chinese yuan, aims to facilitate cross-border payments, particularly for countries involved in China’s Belt and Road Initiative. Conflux has partnered with fintech firm Anchorx … Read more

JPMorgan Reportedly Explores Lending Against Clients’ Cryptocurrency Holdings

JPMorgan Chase is reportedly exploring the possibility of lending against clients’ cryptocurrency holdings, marking a significant shift in the bank’s stance on digital assets, according to the FT. This potential policy change comes as the largest U.S. banks increasingly embrace cryptocurrencies, despite CEO Jamie Dimon’s previous criticisms of bitcoin, which he once labeled a “fraud.” … Read more

The Ether Machine Goes Public to Offer Institutional Access to a $1.5 Billion Yield Opportunity

The Ether Machine, a company built around ether as a yield asset, has gone public on Nasdaq, backed by a war chest of 400,000 ETH (over $1.5 billion) to open yield opportunities for institutional investors. Company co-founder Andrew Keys believes that ethereum adoption has reached a “pivotal inflection point.” The Ether Machine Goes Public on … Read more