wilson1239ava

@wilson1239ava

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Treasury officials told lawmakers in a Dec. 30 letter that the incident has been attributed to a Chinese state-sponsored APT actor.

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He argued the opinion “most obviously impacts” his charge of conspiring to violate the International Emergency Economic Powers Act (IEEPA), a law central to the US sanctions apparatus, as the appeals court found the smart contracts “are not the ‘property’ of a foreign national or entity,” meaning they “cannot be blocked” under the law.

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Storm said in a Dec. 18 motion in a Manhattan district court that an opinion last month from the Fifth Circuit Appeals Court on a separate case finding the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its authority in sanctioning Tornado Cash’s smart contracts “makes clear that all three counts of the indictment are fatally and legally flawed.”

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Roman Storm, the co-founder of crypto mixing platform Tornado Cash, told a United States federal judge that his criminal charges should be dropped after an appeals court found sanctions against the platform’s smart contracts were unlawful.

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Byte Federal, one of the biggest Bitcoin ATM operators in the United States, suffered a major data breach that potentially affected 58,000 customers.

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The company told the United States Securities and Exchange Commission that it acquired 6,484 BTC between Oct. 1 and Nov. 30 for $618.3 million in cash. That brought its treasury to approximately 34,797 BTC, valued at approximately $3.3 billion. It mined 717 BTC in October, which was its highest production since the halving in April.

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MARA will not seek to connect the facility to the power grid. Rather, it will use the energy to power a data center.

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There is more than twice as much interconnection capacity as installed capacity in the United States, so the farm’s output would have likely been curtailed if it weren’t for MARA’s acquisition. Most interconnection capacity comes from alternative power sources.

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MARA announced a definitive agreement for the acquisition of the facility on Dec. 3. It has 114 MW of operational wind generation and 240 MW of interconnection capacity — that is, capacity that has not yet been connected to the power grid.

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MARA, the Nasdaq-listed cryptocurrency miner formerly known as Marathon Digital, has acquired a wind farm in Hansford County, Texas. The facility will see the first implementation of the company’s Advanced ASIC Retirement Initiative.

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“Despite this, miners have continued to roll out new infrastructure and have committed to further expansion, anticipating future price increases,” CoinShares said.

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The increasing cost and difficulty of mining BTC has resulted in highly varied outcomes among Bitcoin miners, according to CoinShares’ Q3 mining report.

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The Bitcoin network’s halvings occur every four years and cut the number of BTC mined per block in half.

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Across the industry, Bitcoin miners are cutting costs and embracing artificial intelligence as they grapple with the consequences of the network’s April halving.

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“We believe this enterprise will be stronger as a standalone business, and so we are spinning it out as a wholly-owned DCG subsidiary,” DCG said in November, adding that “we are bringing external hires with the intent to raise capital.”

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USDY has a total value locked (TVL) of more than $450 million and is available on eight blockchain networks, including Ethereum and Solana, according to DefiLlama.

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Ondo’s USDY is a yield token designed to let users earn some 4.9% annual percentage return (APR). Each USDY token is backed by bank deposits and short-term Treasury bills, according to Ondo.

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The USDY yieldcoin “is now fully fungible across Ethereum, Mantle, and Arbitrum,” Ondo told Cointelegraph. It plans to add more networks soon.

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Users can now access Ondo US Dollar Yield Token (USDY) “and its tokenized [United States] Treasurys product across multiple blockchain ecosystems without needing to mint new tokens or swap assets between chains,” Ondo said.

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Ondo Finance, a tokenized real-world asset (RWA) protocol, has tapped LayerZero to make its flagship yieldcoin fungible across multiple blockchain networks, LayerZero told Cointelegraph on Nov. 26.

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