Aoyon Ashraf

Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.

Aoyon Ashraf

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Finance

Crypto Mining and Staking Firm Foundry Buys Some of Troubled Bitcoin Miner Compute North's Assets

Foundry will buy two mining facilities and has an option to acquire a third site that is under development.

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Finance

Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times

Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.

(Genesis Trading, modificado por CoinDesk)

Finance

Pension Giant Ontario Teachers' Plans to Write Off All $95M Invested in Crypto Exchange FTX

The investment in the now-bankrupt crypto exchange represented less than 0.05% of the fund's total net assets.

(DALL-E/CoinDesk)

Finance

Startup Arkon Energy Raises $28M to Further Expand Into Bitcoin Mining

The Australian company also bought Hydrokraft AS, a renewable energy-based data center in Norway with up to 60MW of power capacity.

(Midjourney/CoinDesk)

Finance

Online Investing Platform BnkToTheFuture Drops Plan to Acquire Crypto Lender Salt Lending Due to FTX Exposure

Salt Lending said it had halted all deposits and withdrawals on its platform.

Obra de IA sobre el colapso. (DALL-E/CoinDesk)

Finance

FTX Withdraws US CFTC Derivatives Clearing Plan

The company previously submitted a plan that it hoped would allow customers to assess and respond to derivatives risks in real time.

(Jesse Hamilton/CoinDesk)

Finance

Crypto-Linked Stocks Tumble After FTX Files for Bankruptcy

Bitcoin and ether both fell about 6% following the Chapter 11 filing Friday morning.

(Spencer Platt/Getty Images)

Finance

A Failed FTX-Binance Deal Is ‘Catastrophic’ for Crypto Sector

Binance scrapping its acquisition of rival FTX could mean institutional investors deciding to pull funds out of the crypto industry.

(Unsplash)

Finance

Canadian Energy Provider Hydro-Quebec Proposes Stopping Electricity Supply to Blockchain Industry

The utility asked Canada's energy regulator to suspend the allocation of 270 megawatts that had previously been planned for blockchain industry in Quebec.

Bitcoin mining can soak up renewable energy that is hard to transmit or consume locally, giving a leg up to energy producers. (Yunha)