Judge rejects Kraken’s bid to challenge decision in SEC case
Kraken won’t get the chance to appeal a California District Court judge’s decision that found the SEC had adequately alleged it sold unregistered securities.
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Czech National Bank governor to propose $7B Bitcoin reserve plan
The Czech National Bank may invest up to 5% of its reserves in Bitcoin, potentially acquiring $7.3 billion in BTC as part of its diversification strategy.
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Bitcoin difficulty reaches all-time high, hash rate up 45% in 6 months
The Bitcoin network has hit another all-time high in terms of difficulty as competition between miners intensifies. 90 Total views 14 Total shares The Bitcoin network has hit yet another all-time high in mining difficulty after a steady climb since last July’s lows.On-chain analysis tool CoinWarz indicated on Feb. 18 that mining difficulty reached a…
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Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US
“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell. 2958 Total views 38 Total shares United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability…
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Norway town campaigns to close Bitcoin mine, electricity costs jump 20%
The Noranett network manager estimates that, following the Bitcoin mining closure, the average household in Hadsel could face an additional annual cost equivalent to $280 USD.
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US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’
Federal Reserve Board governor Michelle Bowman discussed a potential U.S. CBDC in a speech at Georgetown University. 373 Total views 12 Total shares Own this piece of history Collect this article as an NFTUnited States Federal Reserve Board governor Michelle Bowman spoke at Georgetown University on April 18 to “offer a perspective” on central bank…
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BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies. 82 Total views 1 Total shares The Bank of England’s director of fintech, Tom Hutton, recently spoke out on the United Kingdom’s plans to institute a central bank digital currency…
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It’s Never Been Harder to Mine Bitcoin as Hash Rate Hits New Highs
The mean hash rate of the Bitcoin (BTC) network has hit new all-time highs to mark the cryptocurrency’s latest technical achievement, fresh data suggests.Compiled by monitoring resource Glassnode, a new analysis of Bitcoin’s historical hash rate shows that on Jan. 7, the mean value reached 119 quintillion hashes per second — its best ever at…
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BTC price wobbles on US PPI as Bitcoin futures open interest hits peak
Bitcoin-denominated futures open interest hits 660,000 BTC despite volatility remaining comparatively flat. 158 Total views 11 Total shares