SEC Faces Thursday Deadline for ProShares Bitcoin ETF Decision

“Just a sec. I gotta make sure I win this digital auction for a super expensive, priceless piece of digital art that I'm hanging in my virtual beach house,” Adam DeVine says at the start of a new crypto ad. “Done! Got it,” he declares before launching into a perplexing pitch for crypto exchange Bitget.It’s…

Nov 14, 2020 at 1:24 p.m. UTCMichael Novogratz of Galaxy Digital (CoinDesk )Galaxy Digital Makes Twin Acquisitions in Bid to Strengthen Institutional AppealCryptocurrency merchant bank Galaxy Digital has acquired two firms as it seeks to become the “go to” platform for institutional access to digital assets, the firm said Friday.Announced in a press release, the…

The local bottom for bitcoin (BTC) has yet to be hit, said Chris Burniske, partner at venture capital firm Placeholder and former crypto lead at Ark Invest.He sees the price dropping to at least the $30,000-$36,000 range and wouldn't be surprised if the mid-high $20,000 area were tested prior to an eventual move towards a

Satoshi Nakamoto was most likely not a Russian money launderer, but that theory was briefly proposed during a meeting hosted by the Commodity Futures Trading Commission (CFTC) on Friday. The CFTC's Technology Advisory Committee (TAC) subcommittee on cryptocurrencies discussed securing digital assets during the hour-long session, highlighting issues with protecting investors' assets and how regulators…

New York-based crypto mining facility Greenidge Generation has found itself at the center of state and national debates about the impact mining firms have on the environment and their local communities.In New York at least, this debate has led to legislation targeting companies like Greenidge.While the rhetoric used by all sides in the larger bitcoin…

A financial product that represents Bitcoin mining power can now be traded on the Arbitrum network following the release of Lumerin, a hash power marketplace, a representative told CoinDesk.The Lumerin Hashpower Marketplace allows Bitcoin miners to easily buy and sell capacity to interested peers and non-miners, allowing purchasers to increase their chances of earning bitcoin

news Venezuela’s President Nicolas Maduro has ordered one of the nation’s largest banks to allow customers to access to his controversial cryptocurrency, the petro. The Venezuelan Ministry of Finance tweeted the news late on Wednesday at an event marking the tenth anniversary of the Bank of Venezuela (BoV), quoting Maduro as saying (via informal translation):…

The GPU shortage will drive mainstream adoption of Web3 infrastructure.To train artificial intelligence (AI) models, high-end graphics processing units (GPUs) like the NVIDIA A100s and H100s are required. However, these GPUs are only needed for a limited period of time for each model, are very expensive and have a constrained supply – this combination means…

news The dedicated U.S. arm of cryptocurrency exchange Binance will go live by November, according to Binance’s CEO. Changpeng “CZ” Zhao told Cheddar in an interview on Wednesday that, while the situation is still “in flux,” he expects the new platform would go live in “a month or two.” Due to uncertainties over the U.S. regulatory situation,…