Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency, and NFTs: April
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SEC Proposes Expansion of its Crypto Assets and Cyber Unit
According to reports, the Securities and Exchange Commission (SEC) of the United States wants to grow its division for cyber and crypto assets. The group was established in 2018 to tackle cyberthreats, and since then, it has significantly contributed to the regulation of the cryptocurrency sector. The anticipated growth would enable the SEC to more effectively watch over and manage the developing crypto market, which has grown significantly in prominence over the previous several years.
The SEC has been paying more attention to the cryptocurrency sector as worry over fraud and other illegal activity linked to cryptocurrencies has grown. Several cryptocurrency companies have already been targeted by the SEC for breaking securities laws and committing fraud.
Bitcoin Nears $30k in Highest Price Since June
The price of one bitcoin has soared to its highest level since June 2022, surpassing $30,000. For several months, the price of the cryptocurrency had been declining, but the latest price increase has revived market confidence.
Numerous causes, including growing institutional adoption, the impending halving event, and the recent stock market slump, are blamed for the increase in Bitcoin’s price. Additionally, the recent reports of heightened governmental monitoring of the cryptocurrency business have had a beneficial impact on market mood.
Other cryptocurrencies, such Ethereum and Binance Coin, have seen their prices climb as a result of the rise in the price of Bitcoin. The cryptocurrency market is still rife with uncertainty, and the near future is likely to see continued price volatility.
All things considered, the recent increase in the price of Bitcoin is encouraging for the cryptocurrency sector and may be a sign of renewed interest and trust in the market.
CryptoGPT Lands $10M in Series A Funding
CryptoGPT, a language model built on a blockchain, has raised $10 million in a Series A fundraising round. A number of other investors joined notable venture capital firm Andreessen Horowitz in the investment round.
A language paradigm called CryptoGPT makes use of blockchain technology to improve user security and privacy. It employs a decentralised network to store data and algorithms, preventing manipulation or censoring of the data.
The money collected in the Series A round will be used to advance and broaden CryptoGPT’s technological capabilities. The company intends to utilise the money to enhance its language model and create new technology-based products.
An important vote of confidence in CryptoGPT’s technology and its ability to transform the language processing business is represented by Andreessen Horowitz’s investment. The investment will also aid in raising awareness of the potential advantages of language models built on blockchains, which might encourage further usage of the technology in the future.
Cleanspark Buys an Additional 45k Bitcoin Mining Rigs
A clean energy and software business called CleanSpark has announced the acquisition of 45,000 Bitcoin mining machines from an unidentified vendor. The acquisition is anticipated to increase CleanSpark’s current mining fleet’s throughput by 6.3 exahashes per second (EH/s), making it one of the biggest Bitcoin mining operations in the country.
The decision was made as demand for mining equipment surged due to the continued rise in Bitcoin’s price and mining difficulty. The purchase of 45,000 mining units by CleanSpark is a part of its aim to grow its mining business and improve profitability.
As part of the company’s dedication to sustainability, CleanSpark’s mining operations are powered by renewable energy sources like wind and solar energy, which lowers its carbon footprint. The purchase of the 45,000 mining equipment is anticipated to boost CleanSpark’s mining operations’ productivity and sustainability even more.
The acquisition of the mining equipment is also anticipated to establish CleanSpark as a prominent player in the Bitcoin mining market, which is seeing a lot of investment and expansion.
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