The gains mark a “stark contrast” to the crypto winter of 2022, which saw investors nursing over $7,000 of realized losses on average. Crypto investors made nearly $900 in net gains on average from selling crypto in 2023, a “stark contrast” from 2022, which saw billions wiped from investors amid several crypto firms’ collapses, according...Continue Reading

A settlement between crypto lender BlockFi and defunct crypto hedge fund 3AC can proceed, but details will remain sealed. A United States judge has approved a settlement resolving claims and disputes between crypto lender BlockFi and defunct crypto hedge fund Three Arrows Capital (3AC), but ordered thathe details remain sealed. In a Feb. 6 hearing,...Continue Reading

CleanSpark expects its operating hash rate to double in time for Bitcoin’s halving once it spins up the mining rigs from four new recently-purchased facilities. CleanSpark Inc. is set to double its hash rate in the first half of 2024 after the Bitcoin (BTC) miner agreed to purchase four new mining facilities before the reward...Continue Reading

MicroStrategy snapped up another 850 Bitcoin in January, increasing its total BTC holdings to a value of $8.1 billion. MicroStrategy, the largest publicly traded holder of Bitcoin (BTC), says it acquired an additional 850 BTC in January bringing its total holdings to 190,000 BTC — worth $8.1 billion. In its Q4 2023 Feb. 6 earnings...Continue Reading

The rule changes proposed in 2022 were criticized by the crypto industry at the time and opposed by the Republican SEC commissioners. The United States Securities and Exchange Commission adopted rules on Feb. 6 that would require more market participants to register with it, join a self-regulatory organization, and comply with federal securities laws and...Continue Reading