News Explorer — Texas Bitcoin Miners Are Making Millions by Selling Energy Back to Grid

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Texas Bitcoin Miners Are Making Millions by Selling Energy Back to Grid

The excessive heat in Texas has forced Bitcoin miners to temporarily shut down their operations, resulting in a 9% drop in Bitcoin production for Marathon Digital. The Electric Reliability Council of Texas (ERCOT) implemented emergency procedures to ensure energy supply for customers during the heatwave. Bitcoin mining companies like Riot Platforms have received energy credits from ERCOT and are making money by trading power and participating in ancillary services programs.

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Sep 7, 9:34 pm

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Texas Bitcoin Miners Are Making Millions by Selling Energy Back to Grid

The excessive heat in Texas has forced Bitcoin miners to temporarily shut down their operations, resulting in a 9% drop… Read Summary

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Sep 7, 8:04 pm

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Ex-FTX Executive Pleads Guilty, Forfeiting $1.5 Billion in Deal

Former FTX executive Ryan Salame has pleaded guilty to criminal campaign finance violation charges in a Manhattan court…. Read Summary

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Sep 7, 6:58 pm

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North Korea’s Lazarus Group Behind $41M Stake Hack, Says FBI

The Lazarus Group, a North Korean hacker organization, has been identified as the culprit behind the theft of $41 millio… Read Summary

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Sep 7, 6:01 pm

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NFL All Day NFT Sales Drop 87% Year Over Year

Dapper Labs’ NFL All Day NFT collectibles platform is struggling to gain momentum in sales compared to the previous year… Read Summary

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Sep 7, 5:45 pm

Coindesk

CFTC’s Caroline Pham Proposes Crypto Regulation Pilot

Caroline Pham, a member of the Commodity Futures Trading Commission (CFTC), has proposed the creation of a limited pilot… Read Summary

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Sep 7, 4:43 pm

The Block

Southeast Asian Ride-Hailing App Grab Introduces NFT Payments and Blockchain Rewards

Grab, the popular ride-hailing superapp in Southeast Asia, has integrated web3 services into its platform. Users can now… Read Summary

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Sep 7, 3:18 pm

Coindesk

UK Crypto Firms Offered 3-Month Grace Period to Comply With New FCA Advertising Rules

The UK’s Financial Conduct Authority (FCA) has announced that crypto firms may be given an additional three months to im… Read Summary

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Sep 7, 2:20 pm

Coindesk

Former FTX Exec Ryan Salame to Plead Guilty in Criminal Case Involving Political Donations: Bloomberg

Ryan Salame, former co-CEO of FTX Digital Markets, is expected to plead guilty to criminal charges related to his handli… Read Summary

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Sep 7, 1:18 pm

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Vitalik Buterin Pushes for ‘Privacy Pools’ to Balance Anonymity With Regulatory Compliance

Ethereum cofounder Vitalik Buterin has coauthored a research paper on a privacy-preserving blockchain protocol that aims… Read Summary

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Sep 7, 11:58 am

Blockworks

FASB Approves New Rules for Valuing Crypto Assets in Company Statements

The Financial Accounting Standards Board has unanimously approved new rules for valuing crypto assets in company financi… Read Summary

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Sep 7, 11:00 am

Coindesk

ZK-Powered DEX Brine Fi Raises $16.5M at $100M Valuation

Decentralized exchange Brine Fi has raised $16.5 million in a funding round led by Pantera Capital, with participation f… Read Summary

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Sep 7, 10:53 am

Protos

Weibo Removes 80 Top Crypto Influencers Amid China Crackdown

Weibo, a popular social media app in China, has removed 80 crypto influencers with over eight million followers each in… Read Summary

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Sep 7, 10:10 am

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Judge Refers Sam Bankman-Fried’s Request for Pretrial Release to 3-Judge Panel

The judge presiding over FTX founder Sam Bankman-Fried’s case has denied his request for “immediate release,” referring… Read Summary

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Sep 7, 8:04 am

Reuters

Global Regulators, IMF Lay Out Roadmap to Address Crypto Risks

Global financial regulators and the International Monetary Fund (IMF) have outlined a roadmap to coordinate measures aim… Read Summary

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