SynFutures launches DeFi futures to hedge Bitcoin mining risks

    Decentralized derivatives exchange SynFutures launched the DeFi futures, letting miners hedging against Bitcoin mining difficulty and all the factors affecting their mining returns. SynFutures announced a new product called Bitcoin Hash Rate Futures that uses the mining difficulty of Bitcoin as a basis to open long or short positions. The new offering is described as…

    Coinbase Commerce starts to accept Dogecoin for payments

    Cryptocurrency exchange Coinbase Global announced on Wednesday it has started to accept meme cryptocurrency Dogecoin for commerce payments. Dogecoin (DOGE) became the 7th cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portal, according to an announcement on Twitter. The platform currently also supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), as well…

    Mining giant Core Scientific going public on Nasdaq with a $4.3B valuation
    25 Jul 2021
    450 Views

    Major blockchain hosting and digital asset mining company Core Scientific is going public through a merger with Power & Digital Infrastructure Acquisition Corp., valued at around $4.3 billion combined. On Wednesday, Core Scientific Holding Co., one of the largest mining companies in North America, announced its plan to go public on Nasdaq via a special…

    US Government offers bounty in Bitcoin to fight cybercrimes
    24 Jul 2021
    574 Views

    The U.S. Department of State is first offering to pay a bounty in crypto worth up to $10 million (315 BTC) in exchange for relevant intelligence regarding cyberattacks organized by foreign governments. The Rewards for Justice program operated by the Diplomatic Security Service was announced in a July 15 statement. The payment would be provided…

    Californian nuclear power plant bets on Bitcoin mining
    22 Jul 2021
    478 Views

    Californian nuclear energy provider Oklo announced its 20-year partnership with the Bitcoin mining firm Compass. According to a release, the first phase of the partnership will start in the early 2020s providing Compass 150MW of nuclear-generated energy for crypto mining. “Cryptocurrency mining offers promising pathways to accelerate the deployment of clean energy technologies, and Oklo…

    Grayscale and CoinDesk launch an institutional DeFi fund and index
    21 Jul 2021
    585 Views

    Digital asset manager Grayscale Investments is launching a DeFi Fund and index, as announced by Grayscale CEO Michael Sonnenshein. The new fund joins a growing number of offerings to help investors easily bet on decentralized finance (DeFi). Grayscale Investments, the world’s largest digital currency asset manager, and CoinDesk Indexes, a subsidiary of CoinDesk Inc., the…