• cleanspark mining report
    Mining

    CleanSpark Leads U.S. Bitcoin Miners With Record Revenue

    August 8, 2025 - By 

    Bitcoin mining firm CleanSpark has reported its strongest quarter ever, with record-high revenue and profit that exceeded analyst forecasts. On Thursday, the company announced $198.6 million in revenue for the third quarter, a 91% jump from $104 million in the same period last year. This figure also surpassed the expected $195 million. CleanSpark posted a net income of $257.4 million for the quarter, a sharp turnaround from a $236.2 million loss the year before. Diluted earnings per share reached 78 cents, far above analyst estimates of 20 cents. In 2025, CleanSpark grew its Bitcoin treasury to over $1 billion in…

  • Trump crypto 401(k) order
    Regulation

    Trump Order May Open Plans to Crypto Investments

    August 7, 2025 - By 

    U.S. President Donald Trump is set to sign an executive order that could pave the way for including cryptocurrencies in 401(k) retirement plans, potentially changing how Americans save and invest for the future. The White House Press Office confirmed to Cointelegraph on Thursday that the order will direct the U.S. Department of Labor to review current restrictions on alternative assets, such as digital currencies, private equity, and real estate, within defined-contribution retirement plans. According to a senior White House official, the order will instruct the labor secretary to clarify the department’s position on these alternative investments and issue guidance on…

  • Roman Storm convicted
    Regulation

    Tornado Cash Co-Founder, Roman Storm Found Guilty on 1 of 3 Charges

    August 7, 2025 - By 

    On Wednesday, the US district court for the Southern District of New York (SDNY) was found guilty of one felony charge in conjunction with his role at Tornado Cash.  The jury found Roman Storm guilty of conspiracy to operate an unlicensed money-transmitting business, which could carry a sentence of up to five years. They could not reach a unanimous verdict on the charges of conspiracy to commit money laundering or conspiracy to violate North Korea sanctions. After four days, jurors reported a deadlock on some charges. Consequently, the judge issued a special instruction. Therefore, jurors were urged to reach a…

  • myconstant crypto scam
    Hack & Scam

    MyConstant Founder Pays $10.5M to Settle SEC Charges

    August 7, 2025 - By 

    Huynh Tran Quang Duy, also known as Duy Huynh, the founder of the failed crypto lending platform MyConstant, has agreed to pay more than $10.5 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC). The SEC accused him of misusing investor funds to purchase TerraUSD, the now-defunct stablecoin. Instead, the SEC said Huynh spent $11.9 million of investor money to purchase TerraUSD (UST), a stablecoin tied to the Terra blockchain that crashed in mid-2022, wiping out billions in market value. The platform has been under regulatory scrutiny since late 2022, when California’s financial regulator accused it…

  • SEC liquid staking not securities
    Regulation

    SEC Clarifies Liquid Staking As Not Securities

    August 7, 2025 - By 

    The U.S Securities and Exchange Commission has issued a staff statement clarifying that liquid staking is not classified as a security, paving the way for clearer digital asset regulation.  Liquid staking is a process where an individual stakes a specific cryptocurrency and receives staked tokens that work as proof that the individual has staked crypto on the protocol.  “The statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities,”  – the regulator stated this referring to the Securities Act of 1933…

  • HashFlare fraud guilty plea
    Regulation

    HashFlare Founders Face 10 Years in Prison for $577M Scheme

    August 7, 2025 - By 

    Sergei Potapenko and Ivan Turõgin, known as the HashFlare founders, are set to serve up to a decade in prison after confessing to wire fraud. The duo of the collapsed crypto mining platform, are pleading for leniency after the 10-year prison sentence has been announced.  They insist they have already served enough prison time and should walk free.  However, the case has ignited fierce debate over justice, victim losses, and the murky world of crypto scams. It is currently being held in Seattle’s Federal Court under Judge Robert Lasnik, Prosecutors during the sentencing branded HashFlare a “classic Ponzi scheme” that…