Business
Crypto business news from Blockworks - hiring updates, funding announcements, blockchain industry news and everything you need to be a crypto insider.
Marathon Digital’s hash rate target of 50 EH/s by the end of 2025 may be achieved a year sooner than expected, CEO says
The DOJ charged the CEO and CTO with a count of conspiracy to commit money laundering and a count of conspiracy to operate an unlicensed money transmitting service
Research analyst Mark Palmer starts coverage of the bitcoin miner and puts its price target 50% higher than its current level
Plus, Puffer joins the restaking round club and a Bitcoin Runes DEX announces seed funding
While crypto fundraising remains well off its bull market highs, Q1 data shows capital is returning to the space
Binance is making moves, from receiving a new license in Dubai to switching its SAFU fund to USDC
Marathon Digital and Riot Platforms each have more than $1 billion in cash and BTC to deploy, while CleanSpark has said it could be “one of the most aggressive acquirers”
The firm raised the funds for the American Dynamism, Apps, Games, Infrastructure and Growth ventures, a post said
New crypto ads target viewers of the NBA and NHL playoffs as the new BTC supply is set to slow
Elsewhere, rank-and-file employees move around and Binance’s head of legal in Europe departs
Plus, a Dragonfly partner shares his view on the crypto VC market, and a mining hardware firm raises $80 million
The “fastest-growing ETF in history” has seen net inflows on every trading day since its Jan. 11 launch
Denmark-based Northstake looks to use Dubai as “a strategic base” to survey expansion options
Paradigm is taking advantage of the bull market to raise a new fund, Bloomberg reported
One of the new independent board members will serve as chairman of the board, according to Binance’s website
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