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Finance
Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto Prices
The app developer had bought 940.89 BTC and 31,000 ETH in spring of 2021.
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data compiled by CoinDesk.
Investment Firm Cypherpunk Holdings Sells All of Its Bitcoin and Ether
The publicly listed firm has transitioned its treasury to cash amid increased market volatility, but it hasn’t ruled out reinvesting in cryptocurrencies when the market settles down.
Iris Energy Raises 2022 Hashrate Estimate to 4.3 EH/s
The construction of the bitcoin miner's Texas site may be delayed as the firm removed completion estimate.
India 'Fairly Ready' With Crypto Consultation Paper, Government Official Says
India has not yet finalized crypto-specific legislation.
The New Ways of Making Money in the Metaverse
Examining how to make advertising more “tasteful,” online shopping more social and when to deploy a DAO.
Binance Seeking ‘Ideal Point’ for India Launch
Increased hiring, active consultations and monitoring of the regulatory environment by the exchange suggest Indian operations may soon be underway.
Soluna Receives $35M From Spring Lane to Build Green Data Centers
The money brings Soluna’s total funding for data centers co-located with renewable energy assets to $100 million.
India's Parliamentary Finance Body 'Chides' Crypto Industry in Meeting: Sources
The meeting was held in the Indian IT hub of Bengaluru, and was the second time the finance committee has met representatives of the crypto industry.
Marathon Digital May Start to Sell Some of Its Bitcoin
The miner said any sale wouldn't be imminent, but that it might need about a half-billion dollars in investments to reach its growth objectives this year.
