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finance

The huge outflow from the Purpose Bitcoin ETF drained half of the assets and mounted $500 million in selling pressure on BTC's price before the weekend crash. (Unsplash)
Investment Firm Cypherpunk Holdings Sells All of Its Bitcoin and Ether
The publicly listed firm has transitioned its treasury to cash amid increased market volatility, but it hasn’t ruled out reinvesting in cryptocurrencies when the market settles down.
The huge outflow from the Purpose Bitcoin ETF drained half of the assets and mounted $500 million in selling pressure on BTC's price before the weekend crash. (Unsplash)

Bitcoin mining ASICs submerged in immersion cooling liquid at a facility in South Spain. (Eliza Gkritsi)
Iris Energy Raises 2022 Hashrate Estimate to 4.3 EH/s
The construction of the bitcoin miner's Texas site may be delayed as the firm removed completion estimate.
Bitcoin mining ASICs submerged in immersion cooling liquid at a facility in South Spain. (Eliza Gkritsi)

New Delhi. (Laurentiu Morariu/Unsplash)
India 'Fairly Ready' With Crypto Consultation Paper, Government Official Says
India has not yet finalized crypto-specific legislation.
New Delhi. (Laurentiu Morariu/Unsplash)

(Benjamin Child/Unsplash, modified by CoinDesk)
The New Ways of Making Money in the Metaverse
Examining how to make advertising more “tasteful,” online shopping more social and when to deploy a DAO.
(Benjamin Child/Unsplash, modified by CoinDesk)

Binance computer screen shot. (Dylan Calluy/Unsplash)
Binance Seeking ‘Ideal Point’ for India Launch
Increased hiring, active consultations and monitoring of the regulatory environment by the exchange suggest Indian operations may soon be underway.
Binance computer screen shot. (Dylan Calluy/Unsplash)

Bitcoin mining can soak up renewable energy that is hard to transmit or consume locally, giving a leg up to energy producers. (Illustration: Yunha)
Soluna Receives $35M From Spring Lane to Build Green Data Centers
The money brings Soluna’s total funding for data centers co-located with renewable energy assets to $100 million.
Bitcoin mining can soak up renewable energy that is hard to transmit or consume locally, giving a leg up to energy producers. (Illustration: Yunha)

Parliament House in New Delhi, India (Unsplash)
India's Parliamentary Finance Body 'Chides' Crypto Industry in Meeting: Sources
The meeting was held in the Indian IT hub of Bengaluru, and was the second time the finance committee has met representatives of the crypto industry.
Parliament House in New Delhi, India (Unsplash)

hodl
Marathon Digital May Start to Sell Some of Its Bitcoin
The miner said any sale wouldn't be imminent, but that it might need about a half-billion dollars in investments to reach its growth objectives this year.
hodl

New Delhi. (Laurentiu Morariu/Unsplash)
India Includes Crypto Businesses in New Rules for Cyber Security
The move is seen as a positive step that gives clarity to the crypto industry on several fronts.
New Delhi. (Laurentiu Morariu/Unsplash)

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The US Economy Shrinks for the 1st Time Since Early in Pandemic
The most valuable crypto stories for Thursday, April 28, 2022.
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