Bitcoin Miner CleanSpark Acquires Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M

CleanSpark, a Las Vegas-based cryptocurrency mining company, is purchasing a facility in Georgia from its rival crypto miner Mawson Infrastructure Group. CleanSpark said on Friday that it will pay up to $33 million for the facility, with additional $9.5 million for 6,468 ASIC miners owned by Mawson at the facility. CleanSpark stated that the purchased … Read more

Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin

Bank of America (BAC) has talked about the recent decision by the Binance exchange to convert all existing user balances and future deposits of three stablecoins USD coin (USDC), trueUSD (TUSD) and pax dollar (USDP) into its native Binance USD (BUSD). On Friday, the bank released its research report pointing out that while Binance’s move … Read more Gets Regulatory Approval to Operate Crypto Exchange in Dubai

London-based crypto firm announced Friday that it has received regulatory approval to operate its exchange in Dubai, a city in the United Arab Emirates (UAE). Following the approval, the U.K.-based firm said it has signed an agreement with VARA to allow to open an office in Dubai, believing it will soon begin offering … Read more

MicroStrategy to Sell $500 million in Stock Shares to Buy More Bitcoin

Nasdaq-listed business intelligence and software firm, MicroStrategy Incorporated said it would sell up to $500 million in Class A stock to buy more bitcoin, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Friday, Bloomberg reported.  MicroStrategy sells 500 million shares to buy more bitcoin MicroStrategy announced that it will enter … Read more

BTC price nears $21.7K as whales boost Bitcoin ‘almost perfectly’

Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Whales provide short-term price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new multi-week highs of $21,671 on Bitstamp. The pair capitalized on a short squeeze which began … Read more