SEC Sues Geosyn Mining for $5.6M Investor Fraud
The SEC accuses Geosyn Mining of defrauding investors, lying about crypto rig counts, and misusing funds for lavish personal expenses.
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The SEC accuses Geosyn Mining of defrauding investors, lying about crypto rig counts, and misusing funds for lavish personal expenses.
HIVE Digital strategically expands BTC mining, acquiring a Swedish data center for enhanced capacity, financial fusion, and a sustainable, future-focused approach to dominate the evolving cryptocurrency landscape.
The cybercrime group targeted infrastructure and persons of interest, encrypting their data and demanding cryptocurrency in exchange for decryption.
The agency says the operation was coordinated with German and Dutch law enforcement, seizing control of the servers and websites used by Hive.
The Crypto-Asset Environmental Transparency Act would direct the EPA to impose greenhouse gas emission reporting rules on crypto mining facilities.
Bitcoin uses half the energy that is wasted every year in the U.S.
GameFi Market is expected to surpass $74.2 billion by 2031 from $8.9 billion in 2021 at a CAGR of 23.7% in the coming years.
“This quarter, we saw significant improvements in the energy efficiency and sustainability of Bitcoin mining, a trend that will continue,” said MicroStrategy founder and CEO Michael Saylor.