The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million. According to an announcement shared with Cointelegraph, the firm's first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to "a large-scale hydropower plant" that is then used to mine Bitcoin and other cryptocurrencies. The SEC has settled its case with LOCI Inc. for LOCIcoin in the amount of $7.6 million in a civil monetary penalty. LOCIcoin was a 2017-era ICO, which begs the question, how many more ICOs from 2017 is the SEC still prosecuting and bringing enforcement actions against? Goldman Sachs has conducted its first repo trade using JPMorgan's private blockchain network. According to a report by Bloomberg on Tuesday, the initial trade was conducted by Goldman on June 17 and came in the form of a tokenized version of a U.S. Treasury bond swapped for JPMCoin. "Black Swan" author Nassim Taleb doubled down on his criticism against bitcoin - this time, saying the cryptocurrency is worth exactly zero, and that there is no evidence that blockchain is a useful technology, thereby making him the King of FUD! You can find these stories and more below:
While you are at it, why not subscribe.
Also, check out this week's featured podcast:
