Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

arthur-hayes-to-serve-2-year-probation-owning-up-to-bitmex’s-aml-mishap

Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation. Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in … Read more

3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire

3k+-bit-digital-hosting-partner’s-crypto-miners-go-offline-after-explosion-and-fire

The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls “hoped to resume within a few weeks.” New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities.  In a … Read more

New York Based Townsquare Media Purchased $5 Million Worth Of Bitcoin

new-york-based-townsquare-media-purchased-$5-million-worth-of-bitcoin

During Q1 2022, Townsquare Media, a digital media company, purchased $5 million of bitcoin stating that the company believes in bitcoin’s “long-term potential.” Townsquare Media purchased an aggregate of $5 million worth of bitcoin in a recent SEC filing. The company notes that its Q1 2022 purchase could have realized a $1.2 million profit had … Read more