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Bitmain co-founder’s AI chip venture blacklisted by US

The U.S. has added Sophgo Technologies, the AI chip firm owned by Bitmain co-founder Zhan Ketuan, to its trade blacklist. The U.S. has blacklisted Sophgo Technologies, the AI chip company founded by Bitmain co-founder Zhan Ketuan, over concerns its chips…

SEC Approves Bitwise’s Joint Bitcoin and Ether ETF

Bitwise’s exchange-traded fund (ETF) tracking Bitcoin and Ether, has received initial approval from the US Securities and Exchange Commission (SEC). The “accelerated approval” grants NYSE Arca to list and trade shares of the hybrid fund. On November 2024, the New…

Russian power grid titan eyes Bitcoin mining ventures

Rosseti, Russia’s largest power grid operator, is exploring crypto mining operations at its underutilized power centers and aims to become a coordinator for mining infrastructure deployment across the country, according to state news agency TASS. “The Rosseti Group is the…

Elastos Raises $20M to Build Native Bitcoin DeFi Protocol

Updated Jan 30, 2025, 1:17 p.m. UTCPublished Jan 30, 2025, 2:00 p.m. UTC Elastos, a project looking to turn Bitcoin into a more fruitful base for decentralized finance (DeFi), has raised $20 million towards that goal. Elastos, a decentralized infrastructure provider, aims…