Crypto News

Ethereum Foundation Executive Director Aya Miyaguchi shared Tuesday that she would be leaving her position and would soon be transitioning to her new role as president at the organization.The news comes as the nonprofit goes through a leadership shake-up and as Ethereum has become less popular for new builders in recent months, with some even blaming Miyaguchi’s leadership as for why the blockchain’s token price is lagging behind other cryptocurrencies.“This new opportunity will allow me to continue supporting EF’s institutional relationships, and to expand the reach of our vision and culture more broadly,” Miyaguchi wrote in a blog post.The Ethereum Foundation is a nonprofit that supports the development of the Ethereum blockchain. Founded in 2014, Miyaguchi joined in 2018 and...

Blackrock has transferred about 18,168 ether and 1,800 bitcoin, worth around $44 million and $160 million, to the centralized crypto platform Coinbase. Blackrock’s Digital Asset Strategy and Rebalancing in the Spotlight Onchain observers noted that the transfers occurred within a short window, indicating that the financial giant Blackrock is actively moving its digital asset holdings.Source link

Bitdeer Technologies Group (BTDR) said its fourth-quarter net loss widened to $531.9 million from $5 million in the year-earlier quarter.The Singapore-based bitcoin (BTC) mining company attributed the expenses to strategic investments in developing its proprietary ASIC mining rigs.“While our focus on ASIC development temporarily limited hashrate expansion, we made significant progress in strengthening our technology roadmap,” said Matt Kong, the firm’s chief business officer. “Owning our own ASICs allows us to rapidly deploy hashrate, lower cost and improve capital efficiency.”Revenue fell to $69 million, down 40% from the year-earlier period, with declines across self-mining, hosting and cloud hash rate services.The company is doubling down on growth, aiming to increase its self-mining capacity to 40 exahash per second (EH/s) by the...

Matt Cole, CEO of Strive Asset Management—an investment firm co-founded by Vivek Ramaswamy—has urged GameStop to adopt bitcoin as a reserve asset.Cole sent a letter to Ryan Cohen, Chairman and CEO of GameStop (GME), on Feb. 24. According to Cole, GameStop has a unique opportunity to redefine itself as a market leader with its nearly $5 billion cash reserve."We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier bitcoin treasury company in the gaming sector."According to the letter, Strive's clients hold shares of GameStop through the asset management's exchange-traded funds (ETFs), giving the firm "a fiduciary responsibility and vested interest" in GameStop's success. Cole said his firm holds GME stock in three different ETFs...

The Singapore-based firm counts stablecoin issuer Tether as a major backer.Source link