Coinmint accuses Katena Computing and DX Corr of an “elaborate deception” leading to a $150 million purchase agreement for bitcoin mining machines that allegedly were never delivered. Coinmint is suing for fraud, breach of contract, fiduciary duty, and seeks $23 million in damages. The case emphasizes the challenges crypto businesses face in navigating the complex ecosystem and avoiding fraud.
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Gemini’s Ireland Expansion, Copper-Bitget Partnership, and Bridging Global Crypto Regulation Gaps
Gemini selects Ireland as its European headquarters, while Copper partners with Bitget for off-exchange settlement solution. Coinmint sues Katena Computing and DX Corr, and China’s Zhengzhou drafts a policy for metaverse industry development. Regulations and adoption updates also feature.
Greenidge Generation: Surprising Local Support for Bitcoin Mining Facility
Greenidge Generation, a Bitcoin mining facility in New York, has won local support despite initial concerns about its environmental impact. Accurate information and engaging with local communities are key in shaping policy and perception of mining operations.