Bitcoin miners as energy buyers, explained

Joseph Lubin, founder of blockchain tech company ConsenSys, expressed his pessimism regarding the recent situation with cryptocurrency trading platform Bitfinex, Bloomberg reported on May 9.Speaking at the Fluidity Summit conference, Lubin said that “it seems like a really big mess that probably won’t get better. Tether is somewhat important to our ecosystem because it’s used…

Since July, Thailand and its Securities and Exchange Commission (SEC) have voiced their intent to legalize the local initial coin offering (ICO) market and open it to startups.On Dec. 1, 2018, however, Cointelegraph reported that the Thai SEC declared Thai-related security token offerings (STOs) in international markets to be illegal and said that it will…

Tokenization, today, is no longer a buzzword but a phenomenon that needs more comprehension. Over the years, on-chain tokenized securities have gained acceptance among the big shots of the finance sector that want to leverage it for newer investment opportunities.  As understood, converting traditional securities such as real estate assets, stocks, bonds, etc., into digital…

After Ethereum co-founder Gavin Wood left the Ethereum Foundation in 2016, he wrote a white paper for a new kind of blockchain — one that would use an innovative form of sharding and cross-chain communication to achieve the kind of scalability and interoperability that Ethereum 1.0 would never be able to manage. Wood’s new blockchain,…

Amid the barrage of last week’s regulatory news, from rumors of Joe Biden’s upcoming executive order on digital assets to another round of the Russian government’s crypto tug of war, the storyline that was arguably the most consequential for the mainstream narrative on the social effects of crypto has been the one around the Canadian…

“Coordinated pumping of shares for profits can be illegal. We can see all trades and have access to trader identities,” said ASIC in a message to the ASX Pump Organization on Telegram. 960 Total views 25 Total shares The Australian Securities and Investments Commission (ASIC) is going after pump and dump groups on Telegram.On Monday…

The fact that Bitcoin (BTC) price was unable to break through the resistance level at $12,000 meant a retracement was imminent.However, the fast pace of the current retrace was not expected by the markets and has surprised a lot of traders. The crucial support zone of $11,100 failed to provide support and led to the…

Gold continues to trade near its nine-year highs as investors hedge their portfolio against a possible devaluation of the U.S. dollar due to the expansive monetary policy of the Federal Reserve. Bitcoin (BTC), which has long been forecast as digital gold, is not finding favor among investors as it remains highly correlated with the U.S.…

The United States Department of Homeland Security (DHS) has awarded $143,478 to Vienna-based Danube Tech to develop blockchain security solutions.Silicon Valley Innovation ProgramOn Sept. 26, the United States DHS Science and Technology Directorate (S&T) announced in a press release that Danube Tech was awarded a contract to assist the department in its ongoing fight against…