This week’s Crypto Biz looks at the story behind Binance’s debanking in Australia, Bitcoin miners preparing for the next halving, and Bitfinex’s expansion in Latin America.
after its payments provider Zepto was told to discontinue support for Binance. According to Rose, the move impacted around 1 million Australian-based customers, with Binance now seeking an alternative payment provider.Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halvingpurchasing 33,280 “next-generation” rigs
for its Texas facility, costing $162.9 million. The miners, which were sourced from MicroBT, will boost the firm’s self-mining capacity by 7.6 exahashes per second to 20.1 EH/s once the machines are installed in the first quarter of 2024. Among the machines, 8,320 are M56S+ models with a hash rate of 220 terahashes per second , while the remaining 24,960 M56S++ are slightly more powerful at 230 TH/s.
of 12,333 Bitcoin on June 28, worth $347 million at publication. MicroStrategy now owns 152,333 BTC worth $4.52 billion, with an average purchase price of $29.668 per coin. The coins were bought between April 27 and June 27, with the purchase partly financed by the issuance of new stock. MicroStrategy has been actively purchasing Bitcoin using cash and stock financing during the crypto bear market, sometimes irrespective of price.
MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per
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