Weekly summary of the cryptocurrency messages 05.08.2022

Here are the top stories this week from the field of cryptocurrencies:

• Pantera Capital intends to strengthen its presence in India with scaled investments
• The Helios system from Argo Blockchain is now supplied with energy and is scheduled to start the mining next week
• The three co-founders of Bitmex were each sentenced to pay a civil law in the amount of $ 10 million
• rapper Ice Cube supports Dogecoin and spurs the greatest commercial transaction from Doge in an NFTS purchase to
• California strives to create a comprehensive regulatory framework for web3 technology

Pantera Capital doubles the financing of crypto companies in India

The hedge fund Pastera Capital, which is geared towards cryptocurrencies, has announced that he is strengthening his investment boost in India. According to Paul Veradittakit, a partner of the company, Pantera has completed around ten shops in India, in particular the financing of the crypto exchange and trading platform Coindcx.

Last month, Coindcx collected $ 135 million under the leadership of Pantera Capital with an assessment of $ 2.2 billion in a financing round of the DER Series D. Speak to the economic hours, veradittakit The round is part of a greater advance for promoting Investments in India. In addition to the fact that the macrofactors in this region are a good sign of the introduction of crypto, the Pantera partner noticed the rich talent of developers there.

Pantera Capital also revealed in A Blog entry published by Pantera Capital Ceo Dan Morehead, that Coindcx was one of three debutants of the newly placed Pantera Select Fund. The asset manager said that the fund would concentrate on developed earnings -generating institutions. Since the fund is expected to start and close this month, the beneficiary companies would receive around $ 20 million per fund.

In the next month, Pantera also puts on the blockchain fund of $ 1.3 billion, which is well above the finish of $ 600 million

Argo Blockchain announces that his Helios Facility starts with the mining next week

The Bitcoin-Miner Argo has started to build its flagship mining system in Dickens County, Texas. This week the company confirmed that the farm was supplied with energy and is ready, from to start dismantling next week. Argo Blockchain bought a 320 hectare piece of land last July and managed to build a 200 megawatt system in less than a year.

By the end of the year, Argo expects the facility to be able to reach a total of 5.5 exahashes/second. This means that Argo Blockchain could produce almost 2.5 times the current Hashrates. With additional performance, which is supposed to come at a later point in time, Argo wants to bring 600 megawatts into his facility in Dickens County, a point where you can expect a total hay rate of 20 exahashes per second.

The mining farm will use Bitmain S19J Pro-Rigs-ARGO Blockchain has already bought 20,000 of these miners, and their installation is expected to run by September. The mining company also expects to deliver about 9,000 S19J Pro-Rigs Approval With Core Scientific. Texas is loved by miners because of its crypto -friendly environment and the excess power supply.

Court imposed a fine of $ 30 million against Bitmex co-founder

On Thursday, the US district court for the southern district of New York (SDNY) Bitmex crypto exchange with a civil penalty of $ 30 million. Each by Arthur Hayes, Peter Delo and Samuel Reed has been instructed to make a fine of $ 10 million in consent payments for the disregard of regulations to combat money laundering and the illegal operation of a crypto trading platform-Bitmex.

BITMEX, his founder, and the US Commodities Trading and Futures Commission (CTFC) are involved in a long -term fight that will finally come to an end. The US district court is expected to make a judgment in the coming weeks.

From February to March, the three co-founders owe all of the violation of the Banking Secretary Act and the non-compliance with the CTFC regulations. This meant the end of a legal dispute that has been going on since October 1, 2020 when the CTFC submitted the lawsuit against Bitmex and its co -founder. The stock exchange has already been charged and was Ordered to pay a fine of $ 100 million after the CTFC in August last year had achieved her.

rapper Ice Cube is a Dogecoin supporter

The traction of cryptocurrencies increases and a thrust factor for this growth is acceptance by the mainstream. Personalities of public life, including celebrities, are also interested in cryptocurrencies and crypto -related products such as NFTS and DAOS.

The youngest supporter is the American rapper O’Shea Jackson Sr., popularly known as Ice Cube. The rap legend from the west coast was founded in 2017 the Big3 basketball league, a 12-team ball completion that uses a three-against-three team instead of the conventional five-to-five team. Big3 started interactive NFTs with the aim of connecting the league to the fans.

1000 NFTS are available to every team. There would be 25 fire nfts and 975 gold nfts for $ 5,000 or $ 2,500. The NFTS try to revolutionize the team's ownership model

Since the NFT should be out this month, Ice Cube went to Twitter to announce at the end of the last month that his rapper colleague Snoop Dogg had undertaken to buy. Here Bill Lee came into play and Given that Copy collector's pieces. After the co-sign of Ice Cube -"Come on, Bill, you know that I am finished with the Dogen Army "-The Mydoge-Chair completed a purchase of 25 'fire' nfts worth 600,000 $.

The deal was announced as the largest commercial stock exchange from Doge in a transaction.

California aims to tighten the crypto regulatory scene

The governor of California on Wednesday signed the blockchain executive order. The guideline qualifies the state as the first in the United States to create a regulatory framework to define a suitable environment for Web3, promote innovations and ultimately protect users.

governor Gavin Newsom said that the decision to eliminate the smoke around the regulations matches a similar called that every fourth of the 800 blockchain companies in California are in California could.

In addition, the blockchain executive order provides that the governor's office of business and economic development works with several other departments in order to create the framework for regulating this investment class. Participants involved would work with technical experts, representatives of interests, consumers and critics to develop an approach that is harmonious in state and state laws.