Hut 8 Ends 2021 With 5,518 BTC in Reserve, Secures $30M Loan

[ad_1] Hut 8 mined 276 BTC in December, up from 265 in the previous month. The miner deposited all bitcoin mined into custody, as per its “hodl” strategy. Hut 8 now holds 5,518 BTC in reserve, a 97% increase from December 2020. Hut 8, a publicly-listed bitcoin mining company, mined 8.9 BTC per day on average in December, totaling 276 bitcoin produced in the month, the company said in a statement Wednesday. Following on its “hodl” strategy, Hut 8 said it deposited all bitcoin produced in the period into custody,…

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SEC claims first enforcement action in $30M fraud case involving DeFi project

[ad_1] A Cayman Islands-based company and two individuals may be the first subjects in decentralized finance, or DeFi, to face enforcement action from the U.S. Securities and Exchange Commission. According to a Friday announcement, the Securities and Exchange Commission, or SEC, said that this is the first case involving securities using DeFi technology which resulted in an enforcement action. The agency said it charged the company Blockchain Credit Partners as well as Florida residents Gregory Keough and Derek Acree, alleging they were involved in offering and selling more than $30 million…

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