Crypto ownership isn’t rising with recent market growth, Fed survey claims
Crypto ownership has not significantly risen even with the bear market over, according to the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute.
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Canada bans crypto leverage and margin trading after FTX collapse
Now-bankrupt exchange FTX attempted to enter Canada in June 2022, but local regulators have managed to prevent the mess. 1132 Total views 10 Total shares Own this piece of crypto history Collect this article as NFTAuthorities in Canada are taking measures to better protect Canadian cryptocurrency investors in the aftermath of the FTX collapse and…
Cointelegraph Consulting: Ethereum’s on-chain activity surges and bullish sentiment spikes
The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicates that discussions around Ethereum have switched from highly bearish to predominantly bullish. Historically, this hasn’t meant good news for the token's price.Ethereum’s on-chain activity, measured by unique daily addresses, has rebounded from its nose dive at the end of summer. The latest surge…
Drafted ‘Keep Big Tech out of Finance’ Act Surfaces Days Before Libra Hearings
A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12.The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying it is with the Financial Services…
Terrorists are funding their horrible deeds with crypto: UN officials
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, "advanced" terror organizations are turning to cryptocurrencies. 351 Total views 9 Total shares Terrorist groups who have been excluded from the “formal financial system” have turned to crypto to fund their heinous activities, according to Svetlana Martynova, the Countering…
Mining ASIC Giant Bitmain Lost $625 Million, Expects Profits in April
Chinese mining and mining Application Specific Integrated Circuit (ASIC) manufacturer Bitmain lost $625 million in the first two months of this year, local media QQ reports on Aug. 2.Hundreds of millions lostPer the report, the firm sustained losses of $625 million by March, $345 during January, and $280 million during February. Those results were reportedly…
OpenAI creates a new team to tackle ‘superintelligent’ AI systems
OpenAI says it’s planning to create a team to help manage the risks that could come from a superintelligent AI system that it expects to arrive within the decade. The company behind the popular artificial intelligence (AI) chatbot ChatGPT says it will be forming a team to rein in and manage the risks of superintelligent…
Online Petition Asking for Ross Ulbricht’s Release Gathers 275K Signatures
A petition calling on the White House to release Ross Ulbricht, the creator of the dark web marketplace Silk Road, has gathered more than 275,000 signatures.FreeRoss.org — an initiative created by a group of Ulbricht’s family, friends and supporters — has said that the momentum continues to grow and that they feel that a solution…
Crypto Market Stands Its Ground, Three of the Top 20 Coins by Market Cap See Gains
Saturday, September 8: after a recent sell-off, the crypto markets is standing its ground today, with three of top 20 coins by market cap in the green and Bitcoin (BTC) hovering around $6,400 support.Market visualization from Coin360After facing a sharp decline on the week, Bitcoin is holding its position on the market, down around 0.7…