Crypto News
Kenya National Fire Brigades Association Adopts Bitcoin
The Kenya National Fire Brigades Association (KENFIBA) has become the first labor union in Kenya to adopt bitcoin. This move, facilitated by Proof of Workforce, aims to support the union’s efforts to improve working conditions and emergency response capabilities for firefighters in Kenya. By integrating bitcoin into their balance sheet, KENFIBA seeks to enhance itsSource link
Activist Investor Starboard Has Built Stake in Bitcoin Miner Riot: WSJ
Activist investor Starboard Value has made a large investment in bitcoin miner Riot Platforms (RIOT) and is pushing for changes in the company's business model, The Wall Street Journal reported, citing people familiar with the matter.Starboard has been pushing Riot to convert some of its bitcoin mining sites into data centers that can host machines to enable high-performance computing (HPC) for big tech companies, according to the story. Riot is currently a "pure-play" bitcoin miner that gets its revenue only from mining bitcoin, as opposed to some other peers, such as Core Scientific (CORZ), which has dedicated a significant amount of its facilities to HPC and artificial intelligence computing.“Riot regularly speaks with our shareholders and values their feedback," a spokesperson...
Avalanche Raises $250 Million in Token Sale Ahead of Major Network Upgrade
More than 40 venture capital firms pitched in to help Avalanche Foundation raise $250 million ahead of its major "9,000" network upgrade.Source link
Bitcoin ATM Giant Byte Federal Suffers Data Breach: 58,000 Users Affected
58,000 users’ personal data was potentially compromised in Byte Federal data breach. Byte Federal Suffers Data Breach Byte Federal, one of the largest bitcoin ATM providers in the U.S. has disclosed a data breach impacting approximately 58,000 users. This is according to a consumer breach notification letter Byte Federal sent out to its users onSource link
Stablecoin Trading Startup Perena Tries Its Luck on Solana
Solana Foundation's former stablecoin lead Anna Yuan has left the mothership to build her own startup catering to the fast-growing crypto subsector.The company building Perena, a stablecoin trading infrastructure project, raised "around $3 million" in a pre-seed funding round led by Borderless Capital, Yuan told CoinDesk in an interview last month.Perena isn't solely focused on launching another stablecoin. Instead, it's creating on-chain systems that allow the seemingly endless droves of other stablecoin newcomers to have good trading liquidity, even in nascency.That's the funny thing about stablecoins. While their exact backing recipes may slightly differ, most every stablecoin gets its value from essentially the same source: the U.S. dollar, the globally-recognized reserve currency. When dozens of fintech companies all have, essentially,...