Crypto
Mining
Marathon mined $20M Bitcoin in April and increased hash rates, BTC holdings
The firm produced 702 BTC last month, down from its record of 825 BTC.
Mining
Canadian province New Brunswick has denied energy to crypto miners for months
The local government endorsed a moratorium in March 2022 that is still in place.
Banking
Balaji Srinivasan doubles down on his $1M Bitcoin bet as an answer to the banking crisis
The entrepreneur upped his bet by sending of $1.5M in BTC to three addresses.
Exchanges
Poloniex reaches $7.6M settlement with U.S. Treasury’s OFAC
Poloniex allowed customers in sanctioned countries to trade more than $15 million.
AI
Binance says someone used ChatGPT to accuse CZ of ties to CCP
Congressional offices were led to believe that Binance CEO Changpeng Zhao was part of a Chinese state youth group, one company executive said.
Earnings
MicroStrategy bought $209M in Bitcoin in Q1 2023; repaid Bitcoin-backed loan to Silvergate
Michael Saylor said his firm's Bitcoin strategy has outperformed Bitcoin itself.
Regulation
Crypto-linked Cross River Bank receives FDIC order
The order is related to the bank's compliance with lending laws, not its crypto activity.
Payments
PayPal subsidiary Venmo to introduce cryptocurrency transfers
Venmo previously introduced crypto trading services in April 2021.
Bankruptcy
Genesis to enter mediation with creditors to continue restructuring plan
Several creditors recently walked away from an earlier agreement.
Regulation
SEC fines Up Global, Coinme $3.9M; issues C&D
The founder and CEO of both companies was also named in the SEC's latest filing.
Crime
CFTC fines South African CEO $3.4B over Bitcoin MLM scheme
The case represents the CFTC's highest civil fine and largest Bitcoin fraud case.
Wallets
Robinhood Connect to allow access from external crypto wallets
The feature will initially be available in the third-party wallets Exodus and Phantom.