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German Authorities Clamps Down on 'Shitcoins club' Bitcoin ATM Operations

German Authorities Clamps Down on 'Shitcoins club' Bitcoin ATM Operations

Germany’s financial regulator (BaFin) has moved to stop the operations of Shitcoins Club, a popular Bitcoin ATM operator in the country.

Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations

Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations

Authorities in Sichuan, China has been reportedly pressuring Bitcoin miners to scale down their operations due to electricity shortages. During the dry season, extending from October to April, the electricity supply drops in the province.

Purse.io Closes its Door After Six Years of Operations

Purse.io Closes its Door After Six Years of Operations

Purse.io the company which was at the forefront of increasing adoption of bitcoin at retail payment outlets such as Amazon, would be closing its door after 6 years of operations, marking the end to an era.

China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns

China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns

A major Bitcoin mining hub in China, Inner Mongolia will be shutting down its extensive mining operations by April of this year.

Malaysia’s Financial Regulator Says Binance is Not Authorized to Operate in the Country

Malaysia’s Financial Regulator Says Binance is Not Authorized to Operate in the Country

The Securities Commission (SC) of Malaysia, the country’s financial regulator, has announced that Binance cryptocurrency exchange is not unauthorized to operate in the country. The financial watchdog has, therefore, put the crypto exchange on the list of unlicensed companies.

US CFTC Charges BitMEX For Operating Illegal Crypto Derivatives Exchange

US CFTC Charges BitMEX For Operating Illegal Crypto Derivatives Exchange

The United States CFTC has charged operators of BitMEX for operating an unregistered trading platform and violating anti-money laundering procedures.

Bitdeer Reports Robust Operational Performance for October 2023

Bitdeer Reports Robust Operational Performance for October 2023

Bitdeer Technologies Group, a leading Bitcoin mining company, has seen steady operational performance in October 2023, with strategic developments like Tydal Datacenter construction highlighting its long-term success.

Coinbase Executives Visit UAE to Explore Potential for Crypto Operations

Coinbase Executives Visit UAE to Explore Potential for Crypto Operations

Coinbase executives, including CEO Brian Armstrong, visited the UAE to explore the potential of the region as a strategic hub for its international operations. The visit coincides with a partnership between Marathon Digital Holdings and Zero Two to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi.

a16z-Backed Stelo Labs Ceases Operations Today, October 31, 2023

a16z-Backed Stelo Labs Ceases Operations Today, October 31, 2023

Stelo Labs has halted operations on October 31, 2023, despite its initial success and over 10,000 extension downloads. The company will now focus on market definition, assumption validation, and core problem-solving as they prepare for their next venture.

South Korea Probes OKX for Unregistered Operations

South Korea Probes OKX for Unregistered Operations

South Korean financial authorities are investigating OKX, a cryptocurrency exchange, for potentially operating without proper registration, following allegations from the Digital Asset Exchange Association.

Apple's Data Operations Annotations Team Relocation

Apple's Data Operations Annotations Team Relocation

Apple Inc. is closing its San Diego Data Operations Annotations team, impacting 121 employees who must choose between relocating to Austin or facing termination. This strategic move aims to consolidate AI operations and streamline Siri's development.

Bittrex to Wind Down US Operations

Bittrex to Wind Down US Operations

Cryptocurrency exchange Bittrex will wind down its US operations due to regulatory and economic challenges. US customers are advised to withdraw their funds by April 30, 2023.

Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves

Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves

Police in China recently discovered illegal Bitcoin mining, which was buried underneath a local cemetery. Power losses within the area caused the initial suspicion. A Chinese oil field company submitted a tip to the local police requesting them to investigate suspicious power losses in the northern city of Daqing, Heilongjiang province. The police officers arrived at the scene and spotted mysterious two grave mounds lying in the field.

Major US Hospitals Test Blockchain Platform to Streamline Operations

Major US Hospitals Test Blockchain Platform to Streamline Operations

University Hospitals, an American doctors’ network and medical delivery organization has partnered with Axuall, a verification company, to explore blockchain technology in an extensive, nation-wide, medical-related project. As Crains Cleveland reported, the effort will research blockchain technology and its deployment in mechanisms affecting timely healthcare delivery to patients, specifically the creation of workflows and dispatch times. The joint project hopes to reduce the time it takes to connect qualified medical personnel with the growing demand from patients.

Square Inc. To Go Carbon Neutral in Its Bitcoin Operations by 2030

Square Inc. To Go Carbon Neutral in Its Bitcoin Operations by 2030

Jack Dorsey’s payment company Square Inc. has laid out plans to go carbon neutral bordering on all Bitcoin and operational aspects by 2030.

OKEx to Shut Down Its Crypto Business Operations in South Korea by April

OKEx to Shut Down Its Crypto Business Operations in South Korea by April

OKEX intends to shut down its crypto branch in South Korea. According to sources familiar with the talks, the move is attributed to new anti-money laundering regulations in the country.

Ripple Operations Expand in Asia as it Looks to Explore CBDCs with Central Banks despite SEC Legal Pressure

Ripple Operations Expand in Asia as it Looks to Explore CBDCs with Central Banks despite SEC Legal Pressure

Despite the Securities and Exchange Commission’s lawsuit against its firm, Ripple has continued to expand its services as a fintech firm.

Ripple CEO Hints that XRP Operations Will Be Fine Despite SEC Lawsuit and Previous Failure to Settle

Ripple CEO Hints that XRP Operations Will Be Fine Despite SEC Lawsuit and Previous Failure to Settle

Ripple’s CEO Brad Garlinghouse demystified certain things pertaining to the Securities and Exchange Commission (SEC)’s lawsuit.

Chinese Crypto Veteran Reveals More About Binance After Top Executives Leave CoinMarketCap

Chinese Crypto Veteran Reveals More About Binance After Top Executives Leave CoinMarketCap

Chinese crypto veteran Li Xiaolai revealed to the public via social media platform Weibo, about Binance’s operations.

Malaysian Authorities Shut Down Illegal Bitcoin Miners For $600K Power Theft

Malaysian Authorities Shut Down Illegal Bitcoin Miners For $600K Power Theft

Malaysian police have shut down two illegal Bitcoin mining operations which had been siphoning power continuously for the past three years.

US Blockchain Firm Ripple Considers Relocation to UK and Singapore for Better Crypto Regulatory Clarity

US Blockchain Firm Ripple Considers Relocation to UK and Singapore for Better Crypto Regulatory Clarity

Ripple CEO explains why he is considering UK and Singapore as potential countries to move blockchain firm Ripple's operations to.

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