Today's must-reads Cryptocurrency News

 

 

NO END IN SIGHT: Regulatory scrutiny of crypto exchange platform Binance continues. Financial watchdogs in Thailand and the Cayman Islands say the crypto exchange is not authorized to operate in their jurisdictions. Likewise, Singapore’s financial regulator and central bank said Wednesday they are watching regulatory developments surrounding Binance.  

 

GO DOGE: Trading app Robinhood filed for a public offering that could be worth up to $100 million, filings with the SEC show. The documents show that 17% of the app’s revenue came from cryptocurrency transactions in the first quarter of 2021, up from 4% in the previous quarter. About a third of those transactions were in dogecoin.

 

EXPANDING ACCESS: Crypto currency exchange Coinbase has started offering institutional customers access to more trading pairs and payments options through fiat currencies, it said Friday. Up until now clients were only able to purchase crypto in their local currency but they can now make deposits and withdrawals in USD, EUR or GBP.

 

MORE SUSTAINABLE: The Blockchain Mining Council says the industry’s energy mix is looking greener. Based on a survey conducted by the council, renewable energy accounted for 56% of mining during Q2, making it “one of the most sustainable industries globally,” the council said. 

 

PARTNERSHIP: Canadian cryptocurrency mining company Hive Blockchain Technologies purchased $66 million worth of graphics processing units (GPUs) following the GPU price drop amid China’s crypto mining crackdown. Hive said it joined the Nvidia Partner Network Cloud Service Provider program, which will help Hive to transition to a better infrastructure that brings more resources from the cloud.