June 2023 | Page 4 of 214 | Last Cryptocurrency News Feed

Bitcoin Dumps Below $30K as SEC Warns That Recent BTC Spot ETF Filings Are ‘Inadequate’ (WSJ)

The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made…

Bitcoin Magazine Feed

What Is Proof Of Work? And How Does it Work?

IntroductionBitcoin miners collect and broadcast transactions in a block and verify their validity. Then they apply a cryptographic hash function of the previous block's header to the new block. Finally, they try to solve the proof-of-work problem. Satoshi Nakamoto adopted a proof-of-work (PoW) consensus mechanism to resolve the Byzantine Generals' Problem, establishing a transparent and…

Bitcoin Magazine Feed

Sabre56 Partners With Arkon Energy For Ohio Data Center Consultancy Deal

Sabre56, a leading hosting provider and Bitcoin and digital asset mining consultancy, has signed a consultancy deal with Arkon Energy for the management of Arkon's recently acquired data center in Hannibal, Ohio. Sabre56 will oversee logistics, equipment sourcing and procurement, design planning and overall cost management of the data center.Phil Harvey, CEO of Sabre56, expressed…

Bitcoin Magazine Feed

Report: SEC Demand Clarity And Comprehensive Information For Spot Bitcoin ETF Filings

The Securities and Exchange Commission (SEC) has raised concerns over the recent surge of applications for spot bitcoin exchange-traded funds (ETFs), stating that the filings are lacking clarity and comprehensive information, according to a report by the Wall Street Journal.A variety of firms have submitted the applications such as BlackRock and Fidelity Investments. Following BlackRock's…

CoinDesk Feed

Bitcoin Cash, FTX’s FTT Token and COMP Led Crypto Market Gains in June

Bitcoin Cash (BCH) was the top performing digital asset this month, with most of the gains coming in the last week and a half following its listing on EDX Markets, the crypto exchange backed by Fidelity, Charles Schwab and Citadel, that debuted June 20.The token gained 171% over the month, outperforming bitcoin (BTC), the world’s…

CoinDesk Feed

Web3 Can Actually Compete in the Computer Chip Race

The GPU shortage will drive mainstream adoption of Web3 infrastructure.To train artificial intelligence (AI) models, high-end graphics processing units (GPUs) like the NVIDIA A100s and H100s are required. However, these GPUs are only needed for a limited period of time for each model, are very expensive and have a constrained supply – this combination means…

CoinDesk Feed

Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks

Celsius was granted permission on Friday to start liquidating its altcoins, as the bankrupt crypto lender prepares a distribution to creditors that will take place solely in the two most widely used cryptocurrencies, bitcoin (BTC) and ether (ETH).Bankruptcy Judge Martin Glenn of the Southern District of New York approved the move, proposed by Celsius after…

CoinDesk Feed

Why Tokenized Assets Are Safer During a Banking Crisis

Maybe I’m a grim reaper of banking crises, because I’ve lived through three of them in the last decade. I’m used to banks saying some version of “actually, we’ve lost your money and that’s just a number you see on your screen….it’s not really there.”Born and raised in Greece to Lebanese parents, and now living…

CoinDesk Feed

Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate

The U.S. Securities and Exchange Commission (ETF) said recent filings to launch a spot bitcoin ETF are inadequate, reported the WSJ Friday morning, citing sources close to the matter.The news sent the price of bitcoin (BTC) plunging by $1,000, or more than 3%, in the space of a few minutes. At press time, bitcoin was…

Cointelegraph Feed

US SEC deems spot Bitcoin ETFs filings as inadequate: Report

In the eyes of the SEC, the recent filings from BlackRock, ARK Invest, Fidelity and other asset managers are not "sufficiently clear and comprehensive." 1501 Total views 2 Total shares There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States as the Securities and Exchange Commission (SEC) labeled…