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The miner will receive $15 million management fee for the Celsius mining assets, which it will operate exclusively.

ALSO: Graphics-chip manufacturer Nvidia’s powerful GPUs were well-suited for bitcoin mining, but they now seem primed to boost the company’s sales because of their usefulness in artificial intelligence technology, which is rising in importance.

The highly-anticipated virtual sneaker sale on .SWOOSH faced persistent delays, leaving some users frustrated. Meanwhile, Nike has so far labeled the release as a success.

TradeBlock, a subsidiary of Digital Currency Group, is closing down, according to Bloomberg.

“Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the US, we made the decision to sunset the institutional trading platform side of the business,” a DCG spokesperson told the outlet. 

TradeBlock was purchased by CoinDesk, another DCG subsidiary, in January 2021. Some of TradeBlock’s business was absorbed into CoinDesk, while other elements were spun out into a separate entity, as Bloomberg noted. 

DCG closed its wealth management unit, HQ Digital, earlier this year, citing economic headwinds. The firm is currently embroiled in a protracted legal ordeal involving the bankrupt lending unit of its Genesis subsidiary, which owes billions of dollars to creditors. 

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The largest cryptocurrency is suddenly a talking point in the 2024 race, after Florida Governor Ron DeSantis declared he would “protect the ability to do things like Bitcoin” during the launch of his campaign on Twitter on Wednesday.

The crypto conglomerate suffered a loss of more than $1 billion last year.

Unemployment and productivity data arrived stronger than expected but investors seemed focused narrowly on the ongoing negotiations that will determine if the U.S. government has to default on its debts.

The product is designed to enable DeFi and Web3 communities to comply with regulations while maintaining community members’ privacy.

Facebook’s ambitious 2019 stablecoin project never went live. But it sure left a lasting impression. This feature is part of our CoinDesk Turns 10 series looking at the biggest stories in crypto history.

Alex Grebnev, CEO of the Maps.me (MAPs) and Oxygen (OXY) cryptocurrency projects closely linked to Sam Bankman-Fried’s failed FTX empire, is being sued by Gregory Fishman, reportedly an owner of crypto news site CoinTelegraph on allegations of fund misappropriation.