Analyst Questions Bitmain’s Revenue as Crypto Miner Seeks IPO
Crypto mining giant Bitmain may be losing its advantage in developing miners amid other potential cash-flow issues, according to Alliance Bernstein.
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OCC Chief Brian Brooks Is Stepping Down Thursday
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.Brian Brooks(Coinbase)Jan 13, 2021 at 11:01 p.m. UTCOCC Chief Brian Brooks Is Stepping Down ThursdayBrian Brooks, who was named the temporary head of the Office of the Comptroller of the Currency (OCC) last summer, made the announcement official a…
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BitForex to Open for Withdrawals Following Chinese Police Investigation
BitForex will come back online to process withdrawals. The exchange's team were detained and investigated by police in China on Feb. 23. All operations and services will cease after withdrawals take place. 07:56 Why Bitcoin Miners Have Flocked to Texas 05:15 Bitcoin Slips to $29K Level Amid WSJ Report on Binance 13:59 Sen. Tuberville on
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Diamond Standard Launches Blockchain-Powered Token Backed by Real Gems
news As a store of value, diamonds have their advantages over gold. They’re small, portable, and easy to grade. But, even though they pack in more value per ounce, diamonds are much harder to standardize into a form of exchange. Now a company called Diamond Standard believes it has solved that problem by combining a hardware…
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Lightning Labs Unveils Bitcoin Tools for AI
Add this to the list of tasks that artificial intelligence (AI) is now capable of: Sending bitcoin.AI applications like OpenAI’s GPT series can now hold, send and receive bitcoin (BTC) using a suite of new tools that Lightning infrastructure firm Lightning Labs unveiled on Thursday.The AI industry exploded in popularity after the viral debut of…
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AVAX’s 28% Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).While all 20 members of the CoinDesk 20 are in the green over the past week, six appreciated more than 20%. Leading the advance were alternative Layer
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Jim Cramer Capitulates on Bitcoin: ‘Technological Marvel … It’s Here to Stay’
Jim Cramer, former hedge fund manager and host of CNBC’s Mad Money, Tuesday morning reversed his previously bearish stance on bitcoin (BTC) ahead of what's expected to be U.S. regulatory approval of a spot ETF and as the price rose above $45,000 for the first time in 21 months."This thing, you can't kill it," Cramer
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Real-World Asset Loan Worth $20M Sours on DeFi Platform Goldfinch, Bringing RWA Lending Under Scrutiny
A tokenized loan worth $20 million soured in a lending pool on decentralized lending platform Goldfinch after borrower Stratos’ bets on a real-estate tech company and digital asset investments “has not performed as expected,” pool manager Warbler Labs said Saturday in a protocol governance forum post.The distressed pool made a four-year loan of $20 million
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3 Hurdles Could Complicate Bitcoin’s Price Recovery
Forcing a bitcoin (BTC) price breakout is looking anything but easy for the bulls, with the path to $7,400 being littered with resistance levels. Stepping back, the leading cryptocurrency jumped above $6,800 on Monday, neutralizing the bearish view put forward by a downside break of a trendline support last Friday. The sharp recovery from lows…