Despite the ongoing crypto market slowdown, CleanSpark, a Bitcoin mining firm (CLSK), has stated its determination to pursue growth through the acquisition of complementary mining assets. The company remains committed to finding ways to expand, even during these challenging times for the industry. During Thursday’s first-quarter earnings conference call, the Chief Financial Officer of CleanSpark, Gary Vecchiarelli, stated that while the company is not actively seeking acquisitions, they are open to taking advantage of good opportunities as they arise. He also highlighted the possibility of acquiring smaller miners, particularly private companies.
Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether will not be classified as a security in the United States. Lubin, the co-founder of Ethereum and founder of blockchain tech firm Consensus, spoke at the Web3 event, Building Block 23, in Tel Aviv. When asked if ETH could be classified as a security in the US after Ethereum transitions to a proof-of-stake (PoS) consensus model, Lubin said - "I think this is as possible and would have the same effect if Uber were outlawed."
The latest report on initial jobless claims in the United States showed a 7% increase compared to the previous week, reaching a total of 196,000. This number surpassed the expected figure of 189,000, marking the first time jobless claims have risen in the past six weeks. Interestingly, higher unemployment figures are often viewed by investors as a positive sign for riskier assets, including cryptocurrencies. Investors consider a slower job market as a means to combat rising inflation.
On Thursday, Olta Andoni, chief compliance officer at financial firm Enclave Markets, declared that Mason Rothschild, an NFT artist, was in the wrong with his MetaBirkins NFT project. On the “First Mover” show, Andoni, an adjunct professor of law at the Chicago Kent College of Law, declared that Mason Rothschild’s true goal was to gain both the reputation and financial benefit of Hermès’.