Bitfarms announces new CEO, Riot launches campaign as corporate dispute escalates

July 8, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

The corporate battle for control of Bitfarms continues to evolve as the company appoints a new CEO, while its board continues to be contested by Riot Platforms.

Decentralized finance offers a mix of risks and benefits as it forms interconnections with traditional finance, the International Monetary Fund finds in a new report. 241 Total views 13 Total shares According to the International Monetary Fund's Global Financial Stability report released Tuesday, the war in Ukraine — following hard on the heels of the…

Hong Kong regulator re-evaluates retail crypto ETFs laws

The Securities and Futures Commission of Hong Kong has received many requests to approve crypto ETFs for trading. 573 Total views 16 Total shares The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs.According to a report by South China…

Bank of America Reveals New Blockchain Patent Targeting Cash Handling

Bank of America (BoA) wants to patent a system using blockchain technology to improve cash handling, a new application published Dec. 25 confirms.Originally submitted in June 2017, the patent references “banking systems controlled by data bearing records.”“Aspects of the disclosure relate to deploying, configuring, and utilizing cash handling devices to provide dynamic and adaptable operating…

ETH price loses ground, but network metrics say DeFi season not over yet

Ether has dropped around 30% from its 2020 high of $482 on Sept. 1 to $340 in five days. The drop in the price of Ether (ETH) and Bitcoin (BTC) was largely due to the rising dollar, which has stopped Bitcoin’s bull run in its tracks. Ether is still sitting at around $340, failing to…

Chip Manufacturer Cuts Revenue Forecast Due to Weak Demand for Crypto Miners, Again

Taiwan Semiconductor Manufacturing Co. (TSMC), a leading producer of microchips, has decreased its annual revenue and capital expenditure estimates following growth rate reduction in the smartphone and cryptocurrency mining fields, Business Times reported July 19. TSMC produces chips for tech giants like Nvidia Corp., Apple Inc., and Qualcomm Inc. TSMC cut its revenue growth forecast…

Unhosted is unwelcome: EU’s attack on noncustodial wallets is part of a larger trend

Last week, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) voted in favor of a regulatory update that could compromise the exchange platforms’ ability to deal with noncustodial crypto wallets. Should the regulatory project make it to the legislation phase in the…

The best blockchain “does not exist” — Cardano Foundation exec

Mel McCann, vice president of engineering at the Cardano Foundation, argued that there are different use cases for various blockchains. 365 Total views 2 Total shares While many community members enjoy arguing about what the ultimate blockchain is, an executive from the Cardano Foundation believes that these arguments should stop, as use cases dictate which…

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