$300B plunge: Largest 3-day wipeout for crypto in a year
The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market.
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Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down
Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity. 347 Total views 3 Total shares Coinbase and Circle have redefined their relationship, according to identical announcements on the Coinbaseand Circle blogs on Aug. 21. The two organizations jointly launched the USD Coin (USDC) stablecoin and have until…
BTC mining costs reach 10-month lows as miners use more efficient rigs
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network. 278 Total views 4 Total shares The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since…
Exodus Wallet raises almost $60M in crypto in regulated offering
Exodus’ claimed record share sale is set to be shattered by Coinbase later today. 1981 Total views 24 Total shares Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering.Exodus Movement, Inc., a firm based in Delaware, began selling stock on April…
Biden’s executive order promises great things for the crypto industry — Eventually
United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive order, or EO, was released, however, it was met with a chorus of approval.“I…
Bet more on the Bitcoin miners cashing in on AI
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ASIC fires industry warning shot as it sues BPS Financial over crypto promo
Australia's financial regulator has issued a stark warning to Australian crypto asset providers amid launching civil proceedings against Australian firm BPS Financial Pty Ltd (BPS) over "misleading" representations concerning its Qoin crypto token. In an Oct. 25 announcement, the Australian Securities and Investments Commission (ASIC) said it has commenced civil penalty proceedings against BPS Financial for…
Mastercard Files Patent for Increasing Anonymity of Blockchain Transactions
Mastercard has filed a patent for a method of anonymizing transactions on a blockchain, according to an application published by the United States Patent and Trademark Office (USPTO) Dec. 9.The filing outlines that “the use of one or more intermediary addresses to obscure the source and destination of funds in a blockchain transaction” can be…
AI-generated news anchors to present personalized reports on Channel 1 AI in 2024
The media company “Channel 1 AI” is rolling out a brand new newsroom in 2024, but with a catch - it’s powered by generative artificial intelligence (AI) and manned by AI-generated news anchors who will deliver personalized AI-generated content. On Dec. 12, the channel released a teaser video of its upcoming segments on the social media