Riot Platforms’ Bitcoin holdings cross 10K BTC, production drops
Riot Platforms reports a drop in Bitcoin production for August 2024 but stays bullish with expansion plans to increase its mining capacity and optimize energy costs.
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Turkey’s second wave of major crypto interest: Bitfinex, Coinbase and KuCoin ramp up
Turkey is experiencing a resurgence in cryptocurrency interest as major crypto exchanges set foot in the transcontinental country. From demographics to offline marketing to currency depreciation, there is plenty of motivation for the 84 million Turkish people to sign up to the new exchanges.Bitfinex, among the world’s largest cryptocurrency exchanges, recently announced its Turkey expansion…
Bitcoin analysis agrees BTC price may stall at $35K
Bitcoin (BTC) bulls face a tough task to bring BTC price action past $35,000, fresh analysis predicts.In its latest market update on July 5, trading firm QCP Capital flagged the mid-$30,000 range as a potential cooling-off point for the Bitcoin bull market.Bitcoin homes in on post-FTX rally peakWith BTC price stagnating around $30,000, concerns are…
Big banks rush in to test ECB’s wholesale distributed ledger tech
The new participants in the European Central Bank’s DLT tests include major financial institutions.
Central Bank Digital Currency Is ‘Inevitable,’ Philly Fed Boss Says
Patrick Harker, President of the Federal Reserve Bank of Philadelphia, has claimed central bank digital currencies are inevitable.However, the financier believes the United States should not lead the way, given the dollar's role as the world's reserve currency.According to a Reuters report on Oct. 2, he told a community banking conference:“It is inevitable... I think it is…
Axie Infinity, Decentraland and ‘metaverse’ cryptos rally after Facebook rebrands to Meta
Facebook’s decision on Oct. 28 to rebrand itself to Meta — to indicate its plans to build an avatar-filled metaverse — helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects.Decentraland, a virtual place with its own economy, currency (MANA) and social events — accessible to anyone with a web browser — saw its…
Bankruptcy court told FTX and Alameda owe BlockFi $1B… but it’s complicated
While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF. 987 Total views 8 Total shares A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and…
EU commissioner calls for global coordination on crypto regulation
Mairead McGuinness said the U.S. and the EU were both moving forward on comprehensive frameworks for crypto, with President Joe Biden's executive order and the MiCA proposal. 342 Total views 4 Total shares Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is calling for global regulators…