Hours after it was announced that the US Securities and Exchange Commission closed its investigation into the firm and would take no further action, the token tied to the crypto gaming giant Immutable surged 15%
The loop on the Wells notice issued by the SEC last year read, ”On March 25, the Immutable IMX $0.6756 token rose around 15% to reach just under $0.74 shortly after the firm announced that the SEC shut its inquiry without any breach of violations, which Immutable said closed."
Since March 3, it is the highest price that IMX has reached, before a larger market decline — driven by prolonged uncertainty over US President Donald Trump’s tariffs and US interest rates — pushed it down to $0.46 on March 11.
Crusoe to sell BitcoiCrusoe To Sell Bitcoin Mining Business To NYDIG To Focus On AI
In order to focus on artificial intelligence, Crusoe Energy, a company that captures waste gas from oil to power high-performance compute, is selling its Bitcoin mining business to New York Digital Investment Group (NYDIG).
In an announcement on March 25, Crusoe said it plans to sell its Bitcoin BTC $88,026 mining operation, including its digital flare mitigation business, to NYDIG, subject to regulatory approvals and other consents.
Crusoe's 270 megawatts of power generation technology from over 425 modular data centers in Argentina and the United States are part of this deal, as are the 135 Crusoe employees who will join NYDIG; no positions will be eliminated as a result of the transaction.
In order to power Bitcoin miners, Crusoe, which was founded in 2018, invented a technology that uses gas flaring, a process that captures waste gas produced during oil extraction and refinement that would otherwise be burned off.
Crypto Influencer Ben ‘BitBoy’ Armstrong Arrested in Florida
Ben Armstrong, a crypto influencer also known as “BitBoy,” has been arrested in Florida after disclosing on social media just days ago that a warrant was out for his arrest.
Armstrong has been listed as a fugitive from justice by Florida’s Volusia County Division of Corrections, on March 25 at 7:18 pm local time.
In a March 21 post on X, Armstrong said that he could “confirm that the warrants for my arrest” were due to sending emails to Cobb County, Georgia Superior Court Judge Kimberly Childs while acting as his own.
According to Cointelegraph, information on Armstrong’s lawyers was not immediately available. Armstrong could not immediately be contacted for comment.
