Bitcoin miner TeraWulf is open to merger but not for ‘empire building’
Expanding the number of Bitcoin machines or facilities “makes no sense” if profitability margins don’t increase, TeraWulf’s Kerri Langlais stressed.
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FTX collapse put the Singapore government in a parliamentary hot seat
The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors. 399 Total views 2 Total shares The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government…
FCA Research Says 2.6 Million UK Residents Have Bought Crypto
The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million U.K. consumers have bought cryptocurrency “at some point.”On June 30, the FCA published the results of its latest research into how consumers interact with crypto markets in the U.K. It found that 1.9 million people — 3.86% of the general adult population (18+) —…
What is JOMO in crypto trading?
JOMO is that "I-was-right-about-the-market" joyful feeling after narrowly escaping a bad trade and potentially catastrophic losses. 199 Total views 15 Total shares Own this piece of history Collect this article as an NFTJOMO stands for the joy of missing out — particularly when a cryptocurrency trader refuses to follow the crowd. This is the opposite…
Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC
Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish. 1904 Total views 12 Total shares Bitcoin (BTC) price failed to blast through the $20,000 level this week but multiple records related to volume and open interest were made on the way up to $19,484.…
Some pro-crypto Trumpers suggest he ‘lost their votes’ after token launch
Though many Donald Trump supporters said nothing would stop them from voting for the Republican candidate, others didn’t seem to be pleased by his latest crypto lending project.
Institutional crypto platform Wootrade raises $10M in investment round
Institutional trading platform Wootrade has raised $10 million in a private fundraising round that will be used to expand its team and launch leveraged trading products. Wootrade, a Taiwan-based liquidity provider platform and crypto asset exchange aimed at institutions, has concluded a $10 million private investment round led by Dragonfly Capital. Investors in the round include…
UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’
According to the DCMS committee, NFT regulation in the U.K. is “largely non-existent,” with lawmakers planning to assess the assets ahead of a review by the treasury department. 283 Total views 17 Total shares Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on…
Crypto Biz: Luna’s meltdown will live on in infamy, May 5–11, 2022
Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sobering reminder of just how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many people in the industry are…