Crypto Fight

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2022-09-12 20:00:05 ​​CleanSpark acquires mining facility in Georgia for $33 million.

This is the second deal the company announced this week citing "substantially discounted price."

Crypto mining firm CleanSpark announced an agreement on Friday to acquire Mawson's Bitcoin mining facility in Sandersville, Georgia for $33 million. The deal is anticipated to increase CleanSpark's hash rate by 1.4 exahashes per second (EH/s) in the next few months, and to 7.0 EH/s by the end of next year.

As part of the agreement, 6,468 last-generation mining ASICs will be purchased for $9.5 million, or $17 per terahash. "These machines, already operating at the acquired site, will add over 558 petahashes per second (PH/s) of computing power immediately upon closing," the company explains.

For the facility and miners, CleanSpark will pay up to $42.5 million, including up to $11 million in CleanSpark stocks and $4.5 million in earn-out commitments. The site in Georgia can support 24,108 latest-generation miners and the company plans to expand to support 70,000 miners producing over 7.0 EH/s in 2023.

CleanSpark has accelerated its consolidation in a bear market with high energy costs. On Thursday, the company announced a purchase agreement with Cryptech Solutions for 10,000 Bitmain Antminer S19j Pro units for a total price of $28 million.

In July, CleanSpark disclosed the purchase of over 1,000 Bitcoin miners from Whatsminer M30S at a "substantially discounted price." In June, the mining company also bought 1,800 Antminer S19 XP rigs.

During the bull market, the company focused on building infrastructure before ordering equipment months in advance. “This strategy positioned us to make purchases of landed rigs at significantly lower prices, thus reducing the time between deploying capital and hashing, accelerating our return on investment,” said Zach Bradford, CEO of CleanSpark. Open / Comment

2022-09-09 20:00:05 ​​Aave devs look set to receive $16.3M via retroactive funding.

A proposal to reward members of the Aave Companies with $16.28 million in retroactive funding for the development of v3 of the Aave Protocol looks set to pass.

The decentralized autonomous organization (DAO) behind the decentralized finance (DeFi) platform Aave has accepted a proposal to reward members from Aave Companies with $16.28 million in retroactive funding for their role in the development of Aave Protocol v3.

Voting for the proposal began on Tuesday and, at the time of writing, has already passed 667,000 votes in favor of the funding, more than doubling the 320,000 required. The vote is set to end on Sept. 8.

According to the initial proposal, which was first pitched on Aug. 10, the Aave Request for Comment (ARC) sought “retroactive funding” for work in developing the v3 protocol.

The $16.28 million consists of $15 million for work performed by the developers over the course of more than one year and $1.28 million for costs paid to third-party auditors. The money will be given to members of the firm behind the popular DeFi protocol, Aave Companies.

The funding will be made up of a combination of AAVE tokens, Dai (DAI), Tether (USDT), USD Coin (USDC), alternative stable assets such as Frax stablecoin and higher volatility assets like Synthetix following the passing of the proposal.

While the origins of the retroactive public goods funding model are unclear, it was popularized following a collaborative post on Medium between Vitalik Buterin and Ethereum scaling solution firm Optimism on July 21, 2021.

The post argued that the “retroactive public goods funding” model provides an incentive for developers to work on projects by allowing them to get paid after the project is completed and can be based on the value it provides.

The core principle behind the concept is that “it’s easier to agree on what was useful than what will be useful.”

Vitalik suggests in the post that it can be difficult in the beginning phase of a project to get it off the ground, with donations and grant money being insufficient to incentivize developers. Open / Comment

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2022-09-06 20:00:08 ​​Crypto's adaptability, openness key to ideal monetary system, say BIS execs.

Some of the biggest flaws preventing present-day cryptocurrencies from mainstream adoption, pointed out by the BIS execs, are bottleneck congestion in DeFi and the reliance on volatile assets.

Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund (IMF) publication.

“Digital technologies promise a bright future for the monetary system,” reads the publication attributed to IMF deputy managing director Agustín Carstens and BIS executives Jon Frost and Hyun Song Shin.

A BIS study from June revealed that cryptocurrencies outdo fiat ecosystems when it comes to achieving the high-level goals of a future monetary system.

Some of the most significant flaws preventing present-day cryptocurrencies from mainstream adoption, pointed out by the BIS execs, are bottleneck congestion in decentralized finance (DeFi) and the reliance on volatile assets.

Both wholesale and retail CBDCs can potentially inherit abilities from the crypto ecosystem that benefit end users, the post highlighted:

“By embracing the core of trust provided by central bank money, the private sector can adopt the best new technologies to foster a rich and diverse monetary ecosystem.”

It further recommended central banks utilize innovations such as tokenization to allow purchases using multiple fiat currencies — further benefiting merchants and customers.

The IMF’s gloomy forecast predicting a global economic slowdown raised concerns about an incoming recession in the crypto markets. Cointelegraph previously reported that Bitcoin (BTC) markets were likely to recover when the uncertainty about the current state of the economy and geopolitical tensions are resolved.

However, the IMF pointed out that the various liquidations, bankruptcies and losses at major firms like Celsius, Three Arrows Capital and Voyager Digital Holdings had only a minor impact on traditional financial systems. Open / Comment

2022-09-06 14:00:14 Awesome Possums - the World’s 1st Humanity Based NFT Project !

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2022-09-03 20:00:05 ​​Accomplice of 'Cryptoqueen' Ruja Ignatova faces extradition to US.

The British national facing extradition was allegedly involved in laundering $105 million through the crypto Ponzi scheme OneCoin starting in 2014.

Christopher Hamilton, a British national allegedly connected to Cryptoqueen’ Ruja Ignatova’s cryptocurrency scheme OneCoin, reportedly faces extradition to the United States on charges related to a scam going back to 2014.

According to a Tuesday report from legal news outlet Law360, a judge in the United Kingdom will allow the process to move forward for Hamilton to be extradited to the U.S. on charges of wire fraud and money laundering. Hamilton was allegedly involved in laundering $105 million through the crypto Ponzi scheme OneCoin, which defrauded more than 3 million investors of more than $4 billion through the sale of packages starting in 2014.

Under a bilateral extradition agreement between the United States and the United Kingdom signed in 2003, an executive authority of the U.K. government — in this case, likely Home Secretary Priti Patel — will decide whether to proceed with Hamilton’s transfer to U.S. custody. According to the U.S. Department of Justice, the extradition process “can take many months or even years to complete.” Hamilton will also likely be able to appeal the decision.

Ignatova received a place on the FBI's Ten Most Wanted list in June for her alleged involvement in the crypto Ponzi scheme. According to the FBI, the Cryptoqueen's last known location was in Athens in 2017. The bureau offered to pay up to $100,000 for information leading to her arrest. Europol is also offering a 5,000-euro reward for “crucial information" related to Ignatova's whereabouts.

“Ignatova allegedly made false statements and representations about OneCoin to draw people to invest in OneCoin packages,” said the FBI in June. “According to investigators, Ignatova and her partner also promoted OneCoin through a multi-level marketing strategy that urged OneCoin investors to sell additional packages to friends and family.” Open / Comment

2022-09-02 21:00:04 ​ Flight Force 4 is minting Monday the 5th next week!! We're building something very cool, an online multiplayer First Person Shooter game which incorporates our NFTs as playable AND rentable in-game characters and items!
We're building a gamers game with a huge focus on our communities involvement across all aspects of the game on all fronts!. We want to incentivize the community and reward them for their involvement, testing, feedback, ideas and support. That's what minting a Defender NFT will get you, part of this super exclusive community and first collection!

As a SUPER EXCLUSIVE last chance opportunity we are offering this Telegram group, and ONLY this group an incredible deal, the first 50 users to fill the form on our website link below will receive our OG role - this gives you instant whitelist, AND 33% off our mint price! Insane value and only available to this group. NOT only this, but all users who fill the form go in the draw to win 1 of 3 of our Defender NFTs from our mint on September 5th (Monday).

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MINTING: 5th September Open / Comment

2022-09-02 16:30:01 ​ Welcome To The Future Of Web3- Copium Protocol is a cutting-edge cryptocurrency mining investment ecosystem built on the Ethereum blockchain

Copium Protocol is a real-world, large-scale crypto mining firm situated in Otago, New Zealand.
Powered By Hydroelectricity, They Are Sustainable & Eco Friendly
Their project has a robust team of industry specialists with an established track record and a lot of expertise behind it, with over 10 years of experience in the Blockchain / Cryptocurrency sectors

Copium Protocol's four key launch products will let investors invest in an eco-friendly mining platform, receive rewards through staking, invest in their native ERC-20 token, and obtain access to further benefits through their Investor Pass NFT collection.

Their 10K Investor Pass collection will also be available through a Dutch auction sale for 3.5 ETH in early mid-October.

The first 2,000 users who register early interest via the premint link on the Copium Protocol website will be guaranteed a mint spot at a reduced fixed price of 3 ETH. So Don't Miss Out!

Key Benefits Of The Investor Pass:
Each holder will receive an exclusive airdrop of their ERC-20 Copium Coin.
Holders can use their Investor Pass to earn a daily allocation of Copium Coins by staking it.
Through the staking platform, Investor Pass holders will have unique access to greater levels of ROI.
Passholders are automatically entered into monthly drawings for more Copium Coin.

EACH INVESTOR PASS MINTED WILL ALSO GO INTO THE DRAW TO WIN 1 OF 2 BITCOIN GIVEAWAYS

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Visit Our Website Open / Comment

2022-09-01 16:00:07 ​Here comes the good news on the APIZ project - the world's first project aimed on a tokenization of a living creature - a bee. As you might remember, the APIZ has great goals dealing with the sustainability of nature and providing new technology escaping old approaches in the beekeeping domain. The APIZ creators and developers are going to initiate cooperation between the real world and the crypto - blockchain and beekeeping.

The project is actively developing, gaining the trust of loyal followers. Our team welcomes the fact that, even those skeptical at the very beginning have revised opinions seeing the project with new eyes.

Well, it is time to share exciting news with followers!

Right now, you have a unique chance to participate in the Discord APIZ Tournament and get the special Loyal Bee Role gaining 50 points equal to 2500 original APIZ coins. More details are available in Discord #apiz-tournament.

We highly appreciate your trust and wish you good luck
Discord -> https://discord.gg/26tBfZZAxG Open / Comment