Tagged: crypto mining

European Parliament Suggests Broadening the Definition of Virtual Currencies and Platforms that Need to Follow Financial Regulations

The European Parliament suggests that the EU should consider broadening the existing definition of digital assets or cryptocurrencies and expand its current list of blockchain or crypto-related organizations that may need to follow financial regulations. The EU adopted the Fifth Anti-Money Laundering Directive (AMLD5) back… Read More

Canadian Crypto Mining Firm Bitfarms Announces Resignation of CEO Wes Fulford

Bitfarms, a Canada-based crypto mining firm, announced on Wednesday the resignation of its CEO, Wes Fulford. The company reported that its Chief Strategy Officer and Director, Emiliano Grodzki, will act as interim CEO and will oversee the execution of the company’s plans in the near-term…. Read More

85% of Blockchain Professionals Employed by Crypto Exchanges, App Developers, Mining Facility Operators: Report

The Digital Asset Human Capital Trends Report was recently commissioned by the Blockchain Association, an organization of active industry participants who promote efforts related to innovation and the collaboration needed to support US leadership of the crypto-assets sector. The companies included in the research sample… Read More

Crypto-mining Firm Bitfarms Announces Consolidation of 100% Ownership of Operating Entity “Backbone”

Crypto-mining company Bitfarms (formerly Blockchain Mining) announced on Tuesday it has reached an agreement to acquire 100% beneficial ownership of its operating entity, Backbone Hosting Solutions Inc. Bitfarms reported it will acquire an aggregate of 26,295,655 class A voting common shares of Backbone (purchase shares) being the… Read More

Crypto-mining Firm Bitfarms Announces $5 Million Tranche of Loan Financing

Crypto-mining company Bitfarms (formerly Blockchain Mining) announced on Monday it has drawn down the fourth and final debt financing tranche of $5 million under its loan agreement with DC BFL SPV LLC. Backbone Hosting Solutions Inc., which is a subsidiary of Bitfarms Ltd. reportedly entered… Read More

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