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Trump family-backed miner American Bitcoin posts $59M quarterly loss

American Bitcoin, a cryptocurrency mining company backed by the Trump family, reported a significant quarterly loss of $59 million. The company's financial struggles come amid a challenging market environment for crypto mining, characterized by rising energy costs and increased competition. Despite the losses, American Bitcoin remains focused on its long-term growth strategy and plans to expand its operations. The company is also exploring new technologies to enhance its mining efficiency.

Read the full article: Coin Telegraph

Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio

Grant Cardone is set to tokenize his firm's $5 billion real estate portfolio, aiming to make real estate investments more accessible to a broader audience. The initiative will allow investors to purchase fractional ownership in properties through blockchain technology. Cardone's move is part of a growing

'Someone's Looking for a Pardon': Senators Rebuke Sam Bankman-Fried's Crypto Bill Support

Senators have expressed strong opposition to a proposed cryptocurrency bill supported by Sam Bankman-Fried, the founder of FTX, amid concerns over its implications for regulation and consumer protection. Critics argue that the bill favors large crypto firms and undermines efforts to create a fair regulatory framework. Some lawmakers believe that

U.S. regulator's GENIUS pitch casts dark cloud over crypto sector's stablecoin model

The U.S. regulator's recent proposal, dubbed GENIUS, raises concerns for the crypto sector, particularly regarding the stablecoin model. The initiative aims to impose stricter regulations on stablecoins, which could significantly impact their operation and adoption. Critics argue that these regulations may stifle innovation and limit the growth

There’s a New DeFi Bill in Congress—What Does That Mean for Crypto Market Structure?

A new DeFi bill has been introduced in Congress, aiming to establish a regulatory framework for decentralized finance. The legislation seeks to clarify the roles of various stakeholders in the crypto market, including developers and users, and to ensure consumer protection. Proponents argue that the bill could foster innovation and

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Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio

'Someone's Looking for a Pardon': Senators Rebuke Sam Bankman-Fried's Crypto Bill Support

U.S. regulator's GENIUS pitch casts dark cloud over crypto sector's stablecoin model

There’s a New DeFi Bill in Congress—What Does That Mean for Crypto Market Structure?