China’s Qinghai province announced a ban on virtual currency mining operations, according to a government document released on Wednesday. The local government cited concerns about both high energy consumption and the State Council’s directive to maintain financial stability as the two primary reasons for the crackdown.
Financial services and digital payments giant Square announced on Wednesday that it would be giving out $5 million in grants from a newly created "Bitcoin Endowment," to promote crypto education and inclusion. Black Bitcoin Billionaire has been selected as the first recipient of the endowment - a group that aims to make crypto more inclusive.
Blockchain development studio, Solana Labs, has raised $314.15 million through a private token sale. The funding will be used to bootstrap existing and future decentralized applications that are being built on Solana.
Sponsored: The Dubplate Trade platform turns original and unique tracks into non-fungible tokens (NFTs) to provide clear ownership to buyers. The platform goal is to give back to artists, compensating them for their issues with piracy, streaming farms, and venue shutdowns.
Top stories in the Crypto Roundup today:
- China’s Qinghai Province Has Ordered All Crypto Miners to Shut Down
- Square Launches $5M “Bitcoin Endowment” to Promote Crypto Inclusion
- Solana Labs Raises $314M via Private Token Sale to Expand Ecosystem
- Sponsored: Dubplate Trade - An NFT Marketplace That Supports Artists