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October 4, 2024 Tóth Balázs
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TeraWulf Trades Bitcoin Mining Stake for AI Data Center

Bitcoin mining company TeraWulf has sold its 25% stake in the nuclear-powered Nautilus Bitcoin mine, located near the Susquehanna nuclear power plant in Pennsylvania, for $92 million. The buyer was a subsidiary of Talen Energy, its joint venture partner. TeraWulf plans to reinvest the proceeds into a high-performance computing (HPC) and AI data center, which is expected to become operational in the first quarter of 2025.

Kraken Gets Green Light in Bermuda

Crypto broker Kraken has announced that it has received a license from the Bermuda Monetary Authority to launch its derivatives trading platform. The new platform will primarily offer perpetual futures and fixed-term futures products, with over 200 contracts available for trading.

Coinbase to Delist Unauthorized Stablecoins

Crypto broker Coinbase has announced that by December 30, it will delist all unauthorized stablecoins to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. The restrictions will apply only to users in the European Economic Area (EEA). Currently, Circle’s USDC and EURC are among the authorized stablecoins, but Tether’s USDT has not yet met the regulatory conditions. Discussions regarding its authorization are ongoing.
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