Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency and NFT: April 12 – 18
Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional, and sometimes sketchy, roller coasters, you’ve come to the right place. So put on some soothing music and let’s go!
SEC Proposes Expansion of Its Crypto Assets and Cyber Unit
The United States Securities and Exchange Commission (SEC) is reportedly looking to expand its crypto assets and cyber unit. The entity was formed in 2018 to combat cyber threats and has since played a significant role in regulating the cryptocurrency industry. The proposed expansion would allow the SEC to better monitor and regulate the growing crypto market, which has seen an increase in
popularity in recent years.
The SEC’s increased focus on the crypto industry comes as a result of the growing concern over fraud and other illegal activities that have been associated with cryptocurrency. The SEC has already taken action against several crypto companies for violating securities laws and engaging in fraudulent activities.
Trends
The proposed cryptoasset and cyber entity expansion is part of a broader effort by the SEC to improve its ability to regulate and oversee the cryptocurrency industry. The move is expected to result in increased oversight and regulation of the industry, which could help reduce fraud and increase investor confidence in cryptocurrencies.
Bitcoin approaches $30ki highest price since June
Bitcoin has risen to its highest price since June 2022, approaching $30,000 per coin. The cryptocurrency’s price had been in a downward trend for several months, but the latest price increase has brought renewed optimism to the market.
The rise in Bitcoin’s price is attributed to a number of factors, including increasing institutional adoption, the upcoming halving event, and the recent decline in the stock market. Additionally, market sentiment has been positively impacted by recent news of increased regulatory scrutiny of the cryptocurrency industry.
The increase in Bitcoin’s price has also led to an increase in the prices of other cryptocurrencies, such as Ethereum and Binance Coin. However, there is still great uncertainty in the cryptocurrency market and prices are likely to remain volatile in the near future.
Overall, the recent rise in Bitcoin’s price is a positive sign for the cryptocurrency industry and may be indicative of renewed interest and confidence in the market.
CryptoGPT gets $10 million in Series A funding
CryptoGPT, a blockchain-based language model, has raised $10 million in a Series A funding round. The financing round was led by the prominent venture capital firm Andreessen Horowitz, with participation from several other investors.
CryptoGPT is a language model that uses blockchain technology to improve the privacy and security of users. It uses a decentralized network to store data and algorithms, which ensure that the data is not subject to tampering or censorship.
The funds raised in the Series A round will be used to further develop and expand CryptoGPT’s technology. The company plans to use the funds to improve its language model and develop new applications for its technology.
The investment from Andreessen Horowitz is a significant vote of confidence in CryptoGPT’s technology and its potential to revolutionize the language processing industry. The funding will also help raise awareness of the potential benefits of blockchain-based language models, which could lead to further adoption of the technology in the future.
Cleanspark buys another 45k Bitcoin mining rigs
CleanSpark, a clean energy and software company, has announced the purchase of 45,000 Bitcoin mining units from an unnamed vendor. The acquisition is expected to add 6.3 exahashes per second (EH/s) to CleanSpark’s current mining fleet, making it one of the largest Bitcoin mining operations in the United States.
The move comes as Bitcoin’s price and mining difficulty continue to rise, leading
to increased demand for mining equipment. CleanSpark’s acquisition of 45,000 mining equipment is part of the company’s strategy to expand mining operations and increase profitability.
CleanSpark’s mining operations are powered by renewable energy sources, such as wind and solar energy, which reduce the carbon footprint and are in line with the company’s commitment to sustainability. The acquisition of the 45,000 mining units is expected to further increase the efficiency and sustainability of CleanSpark’s mining operations.
The purchase of the mining units is also expected to position CleanSpark as a major player in the Bitcoin mining industry, which is experiencing significant growth and investment.
