Crypto, AI growth could strain North American energy grids: NERC

Speaking to Cointelegraph at Blockchain Week Rome, Teck Chei, partner at Binance Labs, said that he sees Facebook’s Libra Project at a step forward for crypto and increasing public awareness. In Chei’s own words: “I think having a company like Facebook, with such tremendous reach and distribution, into all different countries around the world – having them…

The price of Bitcoin (BTC) held the crucial support level of $9,000, after which a rally to $9,600 occurred, as anticipated in last week’s technical analysis. Nevertheless, the overall market trend for BTC price has not broken out of its range since the halving in May.The support area is $8,800-9,000, while the resistance can be…

Binance CEO Changpeng Zhao announced the launch of the $115-million crypto and blockchain initiative during a conference in France. 925 Total views 27 Total shares Global crypto exchange Binance is starting a 100-million euro ($115 million) initiative to develop the blockchain and crypto ecosystem in France and Europe, Binance CEO Changpeng “CZ” Zhao announced in a…

Crypto mining firm Bitdeer reached an agreement with B. Riley Financial to sell up to $150 million of its Class A ordinary shares. 61 Total views 3 Total shares Bitdeer, a crypto mining firm spun off from mining manufacturer Bitmain, has entered into an agreement with the special purpose acquisition company (SPAC) B. Riley Financial…

FTX CEO Sam Bankman-Fried has resigned from his position but will “remain to assist in an orderly transition” before being succeeded by John Ray. 2175 Total views 9 Total shares Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to proceeding with filing for…

The Australian crypto exchange said while it had no exposure to FTX, it was "not immune" to its fallout. Own this piece of crypto history Collect this article as NFTAustralian-based crypto exchange Swyftx has laid off a total of 90 staff members, which it said was in preparation for a “worst-case scenario” caused by the…

President Joe Biden's executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations. 100 Total views 1 Total shares The United State Department of the Treasury has requested comments from the public on the potential opportunities and risks of digital assets in compliance…

Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support. The SEC actions are actually a double-edged sword for Ethereum and…

Around 40 entities lobbied for bitcoin (BTC) and blockchain-related causes in the United States in Q1 2019, political news site Roll Call reported on April 30.Citing data from the Federal Electoral Commission, the publication stated that around half of the 80 lobbying entities included cryptocurrency-related items, with total quarterly lobbying expenditure reaching over $42 million.Among…