Analysis Crypto by Thebittimes.Com

Crypto mining startup OCEAN raised over $6 million from Jack Dorsey and other backers to enhance decentralization of the Bitcoin ecosystem. Decentralized Bitcoin (BTC) mining pool OCEAN, a subsidiary of Mummolin Inc., has raised $6.2 million in a seed funding round led by Jack Dorsey. According to a press release on Nov. 28, 2023 the round was also led by other investors such as Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital and the Bitcoin Opportunity Fund. As per Mummolin Co-Founder Luke Dashjr, Ocean represents a new type of pool that enables miners “to be truly miners again.” “We are launching as the most transparent pool and also the only non-custodial pool where miners are the recipients of new block rewards directly from Bitcoin.” Luke Dashjr You might also like: Canaan’s Q3 Bitcoin mining revenue declines by nearly 80% According to Jack Dorsey, the startup is aimed at solving a problem of Bitcoin mining pools’ centr...

However, the India n government completely denied these allegations, calling it an “outright lie.” According to the India n government, Jack Dorsey and his Twitter team repeatedly violated India n laws and failed to comply from 2020 to 2022. Misinformation and fake news on social media platforms like Twitter ignited violence during the protests. advertisement Former IT Minister Ravi Shankar Prasad said: “At the time, Twitter didn’t comply with Indian laws. It is clear that all social media platforms are respected in India but they have to abide by the law of the land.” Union Minister Rajeev Chandrasekhar slams Jack Dorsey , revealing no one was raided or sent to jail. Twitter operated normally and was never shut down. The social media platform only complied in June 2022 after similar events happened in the U.S. Recommended Articles Crypt...