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SEC Proposes Expansion of its Crypto Assets and Cyber Unit
The United States Securities and Exchange Commission (SEC) is reportedly looking to expand its crypto assets and cyber unit. The unit was formed in 2018 to combat cyber threats and has since played a significant role in regulating the cryptocurrency industry. The proposed expansion would allow the SEC to better monitor and regulate the growing crypto market, which has seen a surge in
popularity over the past few years.
The SEC’s increased focus on the crypto industry comes as a result of the growing concern over fraud and other illicit activities that have been associated with cryptocurrency. The SEC has already taken action against several crypto companies for violating securities laws and engaging in fraudulent activities.
The proposed expansion of the crypto assets and cyber unit is part of a broader effort by the SEC to improve its ability to regulate and monitor the cryptocurrency industry. The move is expected to result in increased oversight and regulation of the industry, which could help to reduce fraud and increase investor confidence in cryptocurrencies.
Bitcoin Nears $30k in Highest Price Since June
Bitcoin has surged to its highest price since June 2022, approaching $30,000 per coin. The cryptocurrency’s price had been in a downtrend for several months, but the recent price surge has brought renewed optimism to the market.
The rise in Bitcoin’s price is attributed to a number of factors, including increasing institutional adoption, the upcoming halving event, and the recent stock market downturn. In addition, the market sentiment has been positively affected by the recent news of increased regulatory scrutiny of the cryptocurrency industry.
The increase in Bitcoin’s price has also led to a rise in the prices of other cryptocurrencies, such as Ethereum and Binance Coin. However, there is still a great deal of uncertainty in the cryptocurrency market, and prices are likely to remain volatile in the near term.
Overall, the recent surge in Bitcoin’s price is a positive sign for the cryptocurrency industry, and may be an indication of renewed interest and confidence in the market.
CryptoGPT Lands $10M in Series A Funding
A blockchain-based language model, CryptoGPT has raised $10 million in a Series A funding round. The funding round was led by prominent venture capital firm Andreessen Horowitz, with participation from several other investors.
CryptoGPT is a language model that utilizes blockchain technology to enhance the privacy and security of its users. It uses a decentralized network to store data and algorithms, which ensures that the data is not subject to tampering or censorship.
The funds raised in the Series A round will be used to further develop and expand CryptoGPT’s technology. The company plans to use the funds to improve its language model and develop new applications for its technology.
The investment from Andreessen Horowitz is a significant vote of confidence in CryptoGPT’s technology and its potential to revolutionize the language processing industry. The funding will also help to increase awareness of the potential benefits of blockchain-based language models, which could lead to further adoption of the technology in the future.
Cleanspark Buys an Additional 45k Bitcoin Mining Rigs
CleanSpark, a clean energy and software company, has announced the purchase of 45,000 Bitcoin mining devices from an unnamed supplier. The acquisition is expected to add 6.3 exahashes per second (EH/s) to CleanSpark’s current mining fleet, making it one of the largest Bitcoin mining operations in the United States.
The move comes as Bitcoin’s price and mining difficulty continue to rise, leading
to increased demand for mining equipment. CleanSpark’s acquisition of 45,000 mining devices is part of the company’s strategy to expand its mining operations and increase its profitability.
CleanSpark’s mining operations are powered by renewable energy sources, such as wind and solar power, which reduces its carbon footprint and aligns with the company’s commitment to sustainability. The acquisition of the 45,000 mining devices is expected to further increase the efficiency and sustainability of CleanSpark’s mining operations.
The purchase of the mining devices is also expected to position CleanSpark as a major player in the Bitcoin mining industry, which is experiencing significant growth and investment.
