Key Takeaways: Bitfarms, a publicly traded Bitcoin mining company, reported a $142 million net loss for the second quarter. Bitfarms reported last quarter’s net losses and a 5% increase in revenue. Some of the company’s miners will now be delivered…
Key Takeaways: Galaxy Digital has terminated its $1.2 billion acquisition of BitGo, referencing the crypto custody firm’s failure to produce audit 2021 financial reports by closing. The update also stated that there is no cancellation fee. The first $1 billion…
SOL is a token of the platform Solana. Its current price is around $46.52 by the time of writing, with a low of $26.06, and its market cap is 16.2 billion dollars. What is Solana? Solana is a high-functioning, open-source…
Key Takeaways: Binance had decided to intervene by keeping an eye on the proceedings at Curve. According to Binance CEO Changpeng Zhao, most of the funds that hackers stole from the DeFi protocol Curve Finance this week have been frozen…
Key Takeaways: Siacoin’s creator, Skynet Labs, has shut down because it could not secure additional funding. The company has already reduced its workforce by half and will do so again in a few weeks. Skynet will continue to function as…
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