Crypto News
Nigeria’s SEC Denies Issuing Provisional Crypto Licenses
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandateSource link
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings.Source link
Gold Hits All-Time High—Why Isn’t Bitcoin Matching Its Gains?
While the precious metal has surged in value, the volatility of so-called “digital gold” is through the roof.Source link
Ethereum Gas Fees Fall as Experts Foresee an ETH Price Bottom
A number of factors have shifted focus from ETH, but there are reasons to expect its price to rebound.Source link
Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit DigitalSource link