Genesis Digital Assets, one of the world's largest and most experienced Bitcoin mining companies, has secured $431 million in funding to expand its mining operations in the United States and the Nordics.
The Office of the Comptroller of the Currency (OCC) is now issuing strong warnings to the cryptocurrency industry that it’s in danger of replicating the toxic culture that was present before the 2008 financial crisis.
HSBC, one of the largest banks in the world with total assets of nearly $3 trillion (as of December 2020), says it supports the notion of central bank digital currencies (CBDCs) whilst remaining sceptical on cryptocurrencies.
Top stories in the Crypto Roundup today:
- Genesis Digital Assets Secures $431M in Funding
- Office of the Comptroller of the Currency Issues Warning to Crypto Industry
- HSBC Group CEO Echos Stablecoin Concerns and Backs CBDCs