Digital Currency Group’s subsidiary and crypto mining firm Foundry Digital plans to acquire two turnkey crypto mining facilities in the United States from the embattled Bitcoin miner Compute North. In the latest press release, Foundry also said it would also acquire other assets in addition to an option to buy a third facility that is...Read More
The government of El Salvador presented a bill that could set comprehensive rules on the local crypto sector and regulate the operations of all digital asset providers in the country. The ruling body is also one step closer to issuing blockchain bonds that could aid the development of certain BTC endeavors in the Central American...Read More
The collapse of crypto exchange FTX appears to have sparked surging sales for self-custodial crypto wallets which give users direct ownership of their coins. SafePal, a Binance-backed crypto wallet brand, has experienced a 10x surge in traffic to its platform since November 11th, and its hardware wallet has made record sales within that time. SafePal...Read More
Public-traded Bitcoin mining company Core Scientific has lost about $1.7 billion since the start of the year, according to its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Tuesday. The filing shows that the firm recorded its second consecutive quarterly loss at the end of Q3. The Bitcoin miner lost...Read More
Tom Emmer – the U.S. congressional representative for Minnesota – recently spoke on the political meetings and failures surrounding Sam Bankman-Fried (SBF), prior to his exchange’s collapse. The Republican suggested that Bankman-Fried tried currying “special treatment” from the Securities and Exchange Commission (SEC) through meetings with the agency, and attempted to push legislation to the...Read More
Bitcoin (BTC) began the month’s trade on a negative note. However, the prices have since retreated as usual profit-taking set in, and the focus shifted to the minutes from the Federal Reserve’s most recent monetary policy meeting. It’s difficult to say in which direction Bitcoin’s price will go in with any sudden change. Some investors...Read More
[PRESS RELEASE – Please Read Disclaimer] The FIFA World Cup takes over the world once every four years. Despite its unusual timing and controversy around the 2022 location and venue, this year’s event has attracted millions, if not billions, of fans all over the world. This presents a compelling opportunity for up-and-coming and established companies...Read More
[PRESS RELEASE – Please Read Disclaimer] The Orbeon Protocol will enable ordinary people to invest in startups while providing much-needed community and funding to new firms. Orbeon Protocol will connect investors and firms while providing a secure investment platform. Multiple analysts expect Orbeon Protocol to rise by 6000% during the first part of its presale....Read More
El Salvador’s Economy Minister, Maria Luisa Hayem Brevé, has proposed a Digital Assets Issuance Bill. In this extensive document, a legal framework for the acceptance of all cryptocurrencies in El Salvador has been formally detailed and laid out. 🚨#ULTIMAHORA🚨@nayibbukele presenta al congreso de el Salvador 🇸🇻 la PRIMERA LEY DE ACTIVOS DIGITALES⚖️ Con esto se...Read More
New York state governor Kathy Hochul has signed a moratorium on using fossil fuels to power Bitcoin mining operations in the region. The new legislation aims to address environmental concerns in the state to balance its economic development and climate goals. A Two-Year Ban The approved bill targets Bitcoin and other crypto mining companies leveraging...Read More
The crypto market surged to a collective market cap of over $830 billion, a rare sight amidst a gloom-ridden sentiment induced by FTX’s collapse and the subsequent turn of events. Nevertheless, Litecoin’s comeback fared better than most top altcoins. At a market cap of over $5.64 billion, the “digital silver” climbed to a high of...Read More
The disgraced founder of FTX apologized to his employees in a two-page letter dispatched to his former colleagues, shedding light on the demise of his crypto conglomerate. He also mentioned the details of the collateral and liabilities the group has. Calling the FTX employees his “family,” SBF said he froze up in the face of pressure”...Read More
In its Institutional Investor Digital Assets Outlook Survey published on Nov. 22, Coinbase reported that many professional investors have increased their allocations during the crypto winter. America’s largest exchange surveyed 140 institutional investors between Sept. 21 and Oct. 27. They represented assets under management of about $2.6 trillion, it added. However, it should be noted...Read More
In today’s world, data is everything. While this seems the most crucial part of a digital world, there are also some threats causing great trouble for the ones trying to establish their lives around the data. This is when people use VPNs to save themselves from data theft and especially companies. While there are many...Read More
The Monetary Authority of Singapore stated that there was no reason to caution investors against FTX crypto exchange as it did with Binance because the former did not actively solicit users in Singapore. This comes amid earlier speculations stating that the regulator’s action against Binance caused Singaporean users to shift to FTX thereby causing them...Read More
An FTX user is suing NBA team Golden State Warriors, accusing them of fraudulently promoting the FTX exchange after losing $750,000 due to the platform’s collapse. The plaintiff Elliot Lam, filed a class action lawsuit in San Francisco against Sam Bankman-Fried (SBF), former CEO of FTX, Caroline Ellison, CEO of SBF’s trading firm Alameda Research...Read More
The Estonian police arrested two individuals in the country’s capital Tallinn for their alleged involvement in a $575 million cryptocurrency scam. According to the prosecution, Sergei Potapenko and Ivan Turõgin lured hundreds of thousands of victims to interact with a dubious digital asset mining service and to invest in a virtual currency bank. The entities...Read More
