Skip to content

Crypto News Digest - Quick-read versions of cryptocurrency updates

Nocturne Privacy Protocol Shuts Down: Vitalik Buterin-Backed

Nocturne, a privacy-focused protocol for Ethereum backed by Vitalik Buterin, has shut down just four months after discontinuing its protocol. The company, which raised $6 million in funding, announced on June 5 that its website will remain open for withdrawals until the end of the month. In February, Nocturne halted its v1 protocol to focus on a new product, citing the immature state of the layer-2 ecosystem. The company noted that user concerns about cost and user experience must be addressed before prioritizing privacy. Nocturne aimed to enable private accounts on Ethereum, allowing users to send and receive cryptocurrency privately.… Read More »Nocturne Privacy Protocol Shuts Down: Vitalik Buterin-Backed

Riot Platforms Acquires 12% Stake in Bitfarms

Riot Platforms, a Colorado-based crypto mining company, acquired a 12% stake in rival Bitfarms on June 5, purchasing 1,460,278 shares for over $3.5 million. This acquisition occurred despite shorting pressure from Kerrisdale Capital, which criticized Riot’s Chinese equipment and raised operational concerns. Riot’s shares initially fell by 9% but rebounded to $9.65 after the Bitfarms purchase announcement. Notably, Riot had made a $950 million acquisition bid for Bitfarms in late May, which Bitfarms rejected, claiming the offer undervalued its growth prospects. This strategic move by Riot highlights its aggressive expansion in the crypto mining industry, aiming for long-term dominance despite… Read More »Riot Platforms Acquires 12% Stake in Bitfarms