Continuing its strategic shift aimed at mitigating losses, Riot Platforms, a prominent Bitcoin miner, continues to capitalize on Texas’s energy credits system, earning a substantial $31.7 million in August alone. According to a report by CNBC, Riot voluntarily adjusted its operations during the state’s record-breaking heatwave, thus significantly reducing its power consumption and gaining advantage The post Riot Platforms power strategy reaps $31.7M in Texas energy credits appeared first on CryptoSlate.

In a recent Gitcoin forum post, Kevin Owocki, co-founder of Gitcoin, outlined his intentions for the platform following significant changes within the company. Owocki announced his departure from Supermodular, now Buildbox, with plans to refocus his efforts on Gitcoin and its Decentralized Autonomous Organization (DAO). Owocki’s decision to return to Gitcoin, albeit in a different The post Owocki rejoins Gitcoin amid shifting landscape and open-source funding needs appeared first on CryptoSlate.

Lawyers for Samuel Bankman-Fried told a judge on Monday, Sept. 5, that the accused FTX founder is still having issues reviewing evidence ahead of his fraud trial next month. In a letter to U.S. District Judge Lewis Kaplan, defense attorneys said Bankman-Fried was prematurely removed from visiting rooms at the Manhattan jail where he can The post SBF lawyers continue to argue jail conditions ‘not workable’ hindering court preparation appeared first on CryptoSlate.

According to a report published Sept. 5 by the World Federation of Exchanges, regulated stock exchanges remain reluctant to offer unregulated cryptocurrency products despite increasing investor demand. The report is based on a survey of 29 regulated stock exchanges that are members of the WFE, including Nasdaq and CME Group. It found growing interest in The post Regulated exchanges hesitate on crypto exposure despite growing demand – report appeared first on CryptoSlate.

Tether has emerged as one of the top buyers globally of US Treasury bills, with a commanding exposure of $72.5 billion, according to a recent post by Paolo Ardoino, CTO of Tether. This development places the USDT stablecoin issuer in the global top 22, ranking above nations like the “United Arab Emirates, Mexico, Australia, and The post Tether now a top global buyer of US Treasury bills amid market turmoil appeared first on CryptoSlate.