BITCOIN

Hut 8, a public Bitcoin mining company, announced it has been cleared to issue a “stalking horse” bid for several natural gas power plants and a Bitcoin mining site. The Canada-based miner hopes to integrate these services to expand its business to sell power to the market and develop artificial intelligence activities. Hut 8 to Bid for Natural Gas Facilities and Bitcoin Mining Site Hut 8, a Nasdaq-listed (HUT) Bitcoin mining company, announced it has received court approval to issue a “stalking horse” bid, a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act as an effective reserve bid, for a series of natural gas power plants and a Bitcoin mining site located in North Bay, Ontario. The acquisition, if completed, might end the legal battle between Hut 8 and Validus Power Corp., Hut 8’s power provider that was sued in January for failing to comply with a power purchase agreement (PPA) to supply 100MW (megawatts) to Hut 8 facilities. According

Over 15 years have passed since Satoshi Nakamoto launched the crypto revolution with the release of the Bitcoin white paper. On the brink of January 3, 2024, the network celebrates a decade and a half of continuous activity. Though many companies folded in 2023, several of the original players remain in the game. This overview showcases some of the first crypto firms still in operation, detailing their business activities and longevity in the marketplace. 10 Companies Riding Out the Crypto Storms This year witnessed the downfall of numerous big names in the industry, with others still reeling from the impact. Nonetheless, a considerable number of seasoned cryptocurrency companies have weathered multiple storms and remain in business. A select few of these firms have surpassed a decade of operation, sailing through with minimal turbulence, while other foundational businesses have faced challenges potent enough to threaten their existence. The subsequent overview provides insight into

The U.S. Supreme Court has agreed to take up the Coinbase case concerning whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court. The case stems from a dogecoin (DOGE) sweepstakes in which users accused Coinbase of false advertising. Coinbase’s Case Goes to Supreme Court The U.S. Supreme Court announced Friday that it will hear Coinbase’s appeal regarding whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court. The case involved Coinbase’s sweepstakes in 2021 that offered entrants the opportunity to win prizes of up to $1,200,000 in meme cryptocurrency dogecoin (DOGE). A number of users alleged that they were deceived into paying to participate in the sweepstakes even though there was an option to participate for free. Accusing Coinbase of false advertising in violation of California law, the users filed a class-action lawsuit against the cryptocurrency exchange. The

After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal inscriptions starting October 24. The number of pending bitcoin transactions in the mempool has surpassed 157,000, prompting a rise in high-priority transaction fees to $3.38. Bitcoin Sees Renewed Congestion, With Transaction Fees Hitting New Highs As of the afternoon of November 6, 2023, precisely 157,101 transactions await confirmation at the Bitcoin network’s block height of 815,605. Following a peak in mid-September with over 700,000 pending transactions , Bitcoin miners had reduced the number to a mere 27,210 by October 3, with high-priority fees dropping to just $0.08 each. The recent spike in Ordinal inscriptions led to November 4 recording the second-highest daily total for such entries, with 440,760 additions making it one of the busiest days for Bitcoin with 698,917 transactions processed. The momentum continued on November 5, with another 403,