Riot revenue rises 65% from 2023 but says hashrate plans hampered
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility. Go to Source
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SEC Hits Flyfish Club With Charges for Unregistered NFT Offering
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges … Read more
Bitcoin miners record lowest daily revenue of 2024
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges. Go to Source
Thailand touts new ‘digital nomad’ visa extendable for nearly a year
The Thai government has announced a new visa class for remote workers that can be extended for up to 360 days, but details on income and tax liabilities are unclear. Go to Source
AI unlikely to destroy jobs, but cost to certain workers may be ‘brutal’ — UN study
A study from the United Nations agency International Labour Organization suggests AI will more likely augment jobs than destroy them, though certain roles could be at more risk than others. Go to Source
Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause. ECB Registers Heightened Consumer Expectations About Inflation … Read more
Elon Musk introduces Twitter monetization avenues for content creators
The latest user-centric revamp is targeted at improving follower engagement and creating new revenue streams on the social media platform. Go to Source Powered by WPeMatico
Bitcoin mining revenue jumps up 50% to $23M in one month
As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of US dollars. Go to Source Powered by WPeMatico
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After … Read more
Metaverse is a new frontier for earning passive income
Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear. Go to Source Powered by WPeMatico
