Georgia Financial News

Brian Maloof, owner of Manuel's Tavern in Atlanta, joins 'America Reports' to explain the struggles facing small businesses under President Biden's economy.

IndiGo on Saturday introduced flight services to Georgia's Tbilisi effective August 8, 2023, the airline stated in a press release. The services are available for bookings as well. The introduction of these new flights caters to the rising travel demand for Georgia while also benefiting business travelers, said IndiGo in a press release. The new connectivity has the potential to grow trade and bolster economic and cultural ties between the two nations. «Tbilisi is also part of the 'Silk Route' which will further enhance the flow of trade from the city,» said IndiGo. «We are thrilled to announce Tbilisi amongst our new destinations in our expanding 6E network, opening up exciting international travel opportunities. Georgia is now amongst the favored & sought after holiday destinations for Indian travelers,” said Vinay Malhotra, Head of Global Sales at IndiGo.

Tether, the firm behind the USDT coin, says it has struck a partnership deal with government of Georgia.

Australia and New Zealand for FIFA Women’s World Cup, England will host Portugal Saturday for a friendly match. After reaching Australia, the Lionesses will take on Canada in another friendly match before the kick-off of the tournament. Sarina Weigman’s team will its first match against Haiti in Brisbane on July 22.

Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with the government of Georgia to develop Bitcoin and peer-to-peer focused infrastructure in the country. The Strategic collaboration between the stablecoin issuer and the Georgian government will focus on building key infrastructure for a thriving startup ecosystem in Georgia. 

Bitcoin (BTC) mining firm CleanSpark is expanding its operations with the acquisition of two Bitcoin mining sites in Dalton, Georgia, for $9.3 million.

Crypto mining firm CleanSpark is moving forward with its aggressive infrastructure expansion in the United States by acquiring two Bitcoin (BTC) mining facilities in a $9.3 million cash deal. 

Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements.

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Georgia, a major cryptocurrency-friendly country among Post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions.

​​Stablecoin issuer Tether announced on May 31 that it is expanding its presence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company that operates across more than 600 locations in the country.

Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts.

A cryptocurrency YouTuber has been served a lawsuit through a tweet after a United States court allowed the action as lawyers claimed they couldn’t serve him through other means.

Crypto mining firm Mawson Infrastructure Group will be exiting Texas following an $8.5-million sale of its local subsidiary as well as lease agreements and contracts related to operating in the state.

Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has partnered with CityPay.io, a startup specializing in crypto payments in Georgia. The partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services.

A Georgia man who stole more than 50,000 Bitcoin from the Silk Road marketplace in 2012 has been sentenced to a year in prison.

The United States Attorney’s Office for the Southern District of New York has announced the sentencing for an individual who pleaded guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012.

First announced late last year, the Office of Financial Technology builds on and incorporates the Office of Innovation, which the OCC established in 2016 to coordinate agency efforts to support "responsible financial innovation". In his role as Deputy Comptroller and Chief Financial Technology Officer, Bhardwaj will lead the team responsible for analysis, evaluation, and discussion of relevant trends in fintech, emerging and potential risks, and the potential implications for OCC supervision. The Office is designed to boost the OCC’s expertise on matters regarding digital assets, fintech partnerships, and other changing technologies and business models within and that affect OCC-supervised banks. Georgia Quinn, general counsel at Anchorage Digital says: "The crypto industry should welcome the OCC’s new office as a clear sign the federal government is serious about bringing crypto and emerging areas of financial technology within the regulatory perimeter."

On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power to its rig, which currently possesses a capacity of 6.7 EH/s.

In his role as Deputy Comptroller and Chief Financial Technology Officer, Bhardwaj will lead the team responsible for analysis, evaluation, and discussion of relevant trends in fintech, emerging and potential risks, and the potential implications for OCC supervision.

Cryptocurrency exchange Binance continues expanding its global reach by setting up a new blockchain hub in crypto-friendly Georgia.