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View More NewsFormer bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in connection with its 2023 merger with U.S. Bitcoin Corp. (USBTC). The lawsuit, filed in the U.S. District Court for the Southern District of New York, focused on Hut 8’s all-stock merger with USBTC, which closed in November 2023. Investors alleged the company, which now focuses on AI data centers and high-performance computing, overstated the transaction’s benefits while failing to disclose persistent energy curtailment and internet connectivity issues at King Mountain, a Texas bitcoin mining joint venture in which…
Mining economics have deteriorated in 2026, the analysts noted, with bitcoin trading below its estimated production cost for five consecutive months. Citing CoinShares’ first-quarter mining report, JPMorgan said roughly 20% of miners are currently estimated to be unprofitable.Financial pressure has prompted miners to sell more bitcoin holdings. Publicly traded mining companies liquidated more than 32,000 BTC in the first quarter, exceeding their combined sales for all of 2025, according to data cited by the report.As a result, even relatively small price moves are increasingly affecting network activity. When bitcoin falls below production costs, higher-cost operators tend to shut down equipment,…
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One of David Hockney’s favourite stories concerned a ceramic owl made by Picasso. Standing before it in contemplation, he would point out that a stuffed owl contains infinitely more information than Picasso’s sculpture. A stuffed bird preserves the details of plumage, coloration, and anatomy with scientific accuracy, while Picasso’s owl has none of those things. But in Hockney’s view, the artist’s rendition possessed something the stuffed bird lacked—the experience of the human gaze.Hockney, who died last week at the age of 88, spent over seven decades making pictures. During that time he became one of the most recognisable artists in…
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In brief Ethlabs is a new non-profit research and development firm founded by former Ethereum Foundation researchers. The organization is being funded by Ethereum…
from the schrodinger’s-slush-fund dept In mid-May, the Todd Blanche-run DOJ agreed to “settle” the fake case Donald Trump had brought against his own IRS.…
What she’s saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization.Tokenization…
Global asset manager Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital, closing a deal first announced in April and expanding…
from the have-we-tried-being-less-evil? dept The US military has engaged in extrajudicial killings via drone strikes since it was first shown this tech could be…
Russian propagandists asserted in March 2022 that the U.S. was funding bioweapons laboratories in Ukraine as a justification for their armed forces’ brutal invasion…
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move markets had expected nearly unanimously.This was the…
Prediction market Kalshi has partnered with compliance software provider StarCompliance to launch a monitoring platform designed to help financial companies oversee employee activity on…
In brief GLAAD says AI systems are already causing disproportionate harm to LGBTQ people through bias, misinformation, and discrimination. The advocacy group warns that…
Eugene Volokh is the Thomas M. Siebel Senior Fellow at the Hoover Institution at Stanford, and the Gary T. Schwartz Distinguished Professor of Law…
New York, June 17, 2026—The Committee to Protect Journalists calls on Mozambican authorities to return the equipment of prominent investigative journalist Estacio Valoi and…
The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting…