Crypto News
Cango to Offload Chinese Assets for $352M, Eyes Bitcoin Mining Growth
Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha Digital Limited for $351.94 million, accelerating its focus on global bitcoin mining. Cango Sheds PRC Operations to Fuel Mining Ambitions Cango’s (NYSE: CANG) cash deal includes an initial payment of $210.64 million uponSource link
U.S. SEC Nominee Atkins Gets Confirmation Nod from Senate Banking Committee
The U.S. Senate Banking Committee has voted to advance the confirmations of President Donald Trump's picks to run the Securities and Exchange Commission and the Office of the Comptroller of the Currency — both key positions for the future U.S. regulation of the crypto sector.The nominations of Paul Atkins to permanently take over the SEC from former Chair Gary Gensler and of Jonathan Gould to lead the banking regulator OCC now move to consideration by the overall Senate. Approvals there will allow Atkins and Gould to start work at the regulatory agencies.Atkins and Gould both advanced under party-line votes in the committee on Thursday — each going 13-11.Committee Chairman Tim Scott, a South Carolina Republican, praised the nominees before the...
Ethereum Developers Lock in May 7 for Pectra Upgrade
Ethereum developers set May 7 as the target date for the long-awaited Pectra upgrade on Thursday, beginning the countdown for the blockchain's biggest changes since March 2024.Pectra contains a series of improvements aimed at making Ethereum more user-friendly and efficient. One such improvement is adding "smart contract" capabilities to wallets, which can make them easier to use and recover.The decision to schedule Pectra was made during a call between Ethereum's core developers — just over a week after the upgrade went live on the Hoodi testnet without any hiccups. Pectra's test on Hoodi was the third and final dry-run of the upgrade. Two earlier tests had bugs, which led the developers to delay the upgrade on Ethereum’s mainnet.Pectra consists of...
Senate Banking Committee Advances Trump’s SEC Chair Pick Paul Atkins
Paul Atkins just inched closer to succeeding Gary Gensler as SEC Chair, with a 13-11 Committee vote in which all Democrats were opposed.Source link
Interoperability Protocol Hyperlane Reveals Airdrop Details
The team behind interoperability protocol Hyperlane shared Thursday their upcoming token airdrop plans happening at the end of the month.The airdrop will occur on April 22, and users can check their eligibility to receive $HYPER tokens via a portal provided by the Hyperlane Foundation by April 13, the team shared in a press release with CoinDesk.The token distribution will mostly go to the community, with 57% of the supply going to users, while the remaining circulating tokens will be distributed to the core team (25%), investors (10.9%), and the foundation’s treasury (7.1%).The team also shared that the airdrop will be fully unlocked for community recipients, while the core team and investors' tokens will be locked for the first 12 months.In...