Crypto Miner TeraWulf Pays Off Outstanding Debt
Crypto mining company TeraWulf announced on July 9 that it has paid off its debt sooner than expected with a final payment of $77.5 million.
Crypto mining company TeraWulf announced on July 9 that it has paid off its debt sooner than expected with a final payment of $77.5 million.
Canadian Bitcoin mining company Hut 8 has recently announced a power purchase agreement for a site in West Texas that provides 205 megawatts of available power.
DigitalX, a blockchain-focused asset management firm, has received regulatory approval to launch a spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX).
On Monday, Artur Schaback, co-founder of Paxful, pleaded guilty to conspiring to operate a cryptocurrency exchange platform with inadequate anti-money laundering measures.
Digital asset investment products have received a total of $441 million in inflows as a result of the recent sell-off by Mt. Gox and the German government.
Even though the price of Bitcoin has recently dropped to $54,000, a decrease of 25% from its peak of $73,000 in March, there has been a surge in inflows for spot Bitcoin ETFs on July 5.
The CBN has made a claim that the popular cryptocurrency exchange Binance has been performing banking services without proper authorization.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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