Foresight Daily

  • Swiss digital asset infrastructure company Taurus SA has completed a $65 million B round of financing, with Credit Suisse leading the investment. In addition, Taurus also plans to increase its workforce from its current 60 employees to around 100 employees this year.
  • Stablecoin issuer Paxos has released a statement saying that it has received a Wells Notice from the US Securities and Exchange Commission (SEC), but it strongly disagrees with the SEC staff’s opinion because BUSD is not a security regulated by federal securities laws.
  • USDC issuer Circle filed a complaint with the New York Department of Financial Services (NYDFS) in the fall of 2022, alleging that Binance mismanaged its token reserves. According to blockchain data, Binance does not have sufficient reserves to support its Binance-Peg BUSD stablecoin issued through Paxos.
  • Bitcoin mining company Iris Energy has purchased new S19j Pro mining machines from Bitmain with a prepayment of $67 million, which will provide a hash rate of 4.4 EH/s. The newly acquired machines will be installed in the company’s data center, and its mining capacity is expected to almost triple, increasing from 2.0 EH/s to 5.5 EH/s
  • Ethereum has burned more than 2.9 million ETH, and ETH-transferring ranks first with 258 thousand ETH burned.
  • Japanese financial services giant SBI Holdings has announced that it will acquire all the shares of the cryptocurrency exchange Bitpoint Japan through its merged subsidiary, making Bitpoint Japan a wholly-owned subsidiary of SBI Holdings.

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