POWER PLAY: A New York power plant has been using some of its own electricity to mine bitcoin on an industrial scale. Greenidge Generation, a natural gas power plant, said it has successfully installed nearly 7,000 mining rigs that can earn an average of $50,000 in bitcoins every day. Full story
FELINE FLOW: The team behind CryptoKitties is one step closer to leaving ethereum. Dapper Labs, the startup that raised roughly $39 million after its success with the feline-oriented collectibles game in late 2017, launched a simulator Thursday for its upcoming Flow blockchain ahead of an eventual move to the new network. Full story
VIP INVESTORS: A Russian oligarch, a former Russian cabinet minister and other big names invested in Telegram’s $1.7 billion ICO, according to a previously unreported court document. Tycoon Roman Abramovich and Mikhail Abyzov both bought their gram tokens via offshore funds. Full story
KEEPER TO LENDER: BitGo, one of the largest and oldest digital asset custodians, is joining the fast-growing business of lending out bitcoin and other cryptocurrencies to big investors. The Palo Alto-based company said Thursday it has already racked up about $150 million in open loans for the new institutional service. Full story
GETTING TOUGH: The U.K.'s Financial Conduct Authority (FCA) has issued a warning over cryptocurrency derivatives exchange BitMEX. The financial regulator said the exchange has been targeting British residents without its consent or approval. The FCA also posted a similar notice about the Kraken exchange but retracted it, apparently because it had mixed up a scam operation with the real company. Full story
FRAUD WARNING: Scammers have been sending fake versions of CoinDesk's daily newsletter to try to trick recipients into visiting a suspicious "XRP giveaway" site. If you received this message, which copied our logo and design and even used our executive editor's name in the "from" field, know that it did not come from us. (Note that the actual sender's address is not a CoinDesk.com domain.) Please forward to fraud@coindesk.com and nik@coindesk.com, and block the sender if received.
INTO REVERSE: Bitcoin is now above $9,000 after two days of turmoil around the 200-day average support. With today’s rise, the cryptocurrency has confirmed an inverse head-and-shoulders bullish reversal pattern, clearing the path for a further rise toward $9,550. Full story
FEEDING THE BERN? CoinDesk went to Spouses Luncheon during the South Carolina Democratic Primaries to talk with delegates, candidates, and voters about the future of crypto. The bottom line? Everyone saw the problems associated with big tech and many also saw some solutions but, in the end, the future of digital currencies is still unknown. Watch now
Generating bitcoins