Tag: 145M

Bitcoin miner CleanSpark purchases 45,000 ASICs for $145M

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On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power to its rig, which currently possesses a capacity of 6.7 EH/s. After the purchase, the firm’s expected hash rate will account for an estimated 3.8% of the entire Bitcoin network. Zach Bradford, CEO of CleanSpark,…

$145M transferred to crypto exchanges

Amid the multiple ongoing investigations, FTX continues to move funds. The addresses, related to the failed crypto exchange, reportedly transferred around $145 million in stablecoins to a range of operating platforms.  As Lookonchain spotted on March 14, three wallets, associated with both FTX and its subsidiary, Alameda Research, have moved 69.64 million USDT and 75.94 million USDC. The Tether reserves have gone to custodial wallets on such platforms as Coinbase, Binance and Kraken. All funds in USDC were transferred to Coinbase custodial wallet. Both FTX and Alameda are in the…

LidoDAO says no to selling $14.5M in LDO tokens to Dragonfly Capital

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LidoDAO, the governance body that controls Lido Finance, has voted to reject a proposal that would have sent 1% of the LDO token supply to Dragonfly Capital in exchange for about $14.5 million in DAI. LDO is the native token on the Lido Finance protocol, which issues the Lido Staked Ether (stETH) token. DAI is the dollar-pegged stablecoin issued by the Maker Protocol. If it had passed, crypto VC Dragonfly Capital would have received 10 million LDO tokens at $1.45 each. A total of 609 votes were cast across three…

Yield Guild Games Raises $1.45M for Philippine Typhoon Relief

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Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16’s Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need. The funding was used to purchase essential goods like medicines, power generators, and canned food, which were turned over to the Philippine Army and Navy and non-profits to distribute among affected communities. There is still about $458,000 worth of crypto and tokens that have been donated to the relief fund but they have yet to be converted to fiat currency…

Fintech Tala Raises $145M to Launch Crypto Product for Emerging Markets — CoinDesk

CryptoX – Cryptocurrency Analysis and News Portal Tala offers financial services to the traditionally unbanked through a consumer credit app that underwrites and distributes loans ranging from $10 to $500 with rates starting at 4%. The company says more than six million people have used the mobile app to borrow more than $2.7 billion across Kenya, the Philippines, Mexico and India. Source The post Fintech Tala Raises $145M to Launch Crypto Product for Emerging Markets — CoinDesk appeared first on CryptoX. CryptoX Portal