The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North’s energy provider is waiting for federal regulators to approve its tax-exempt status, Marathon said. Compute North hosted about 20,000 of Marathon’s machines as of the end of June and is set to host 68,000 by the end of Q3. About 4,200 of these rigs were scheduled for activation on April 17, according to a previous press release. Source link
Eliza Gkritsi
151 posts
El nivel de dificultad de minado de BTC se ajusta automáticamente cada dos semanas para mantener en 10 minutos el tiempo necesario para minar. A medida que se conectan más computadoras a la red, la dificultad crece; y si el poder computacional se desconecta —como ha estado sucediendo recientemente—, la dificultad baja. Source link
“It’s possible some people are making the bet” that if bitcoin isn’t declining to $18,000, “then this may be an attractive time to start accumulating some of the miners,” which are still profitable, said Joseph Vafi, managing director of equities research at investment bank Canaccord Genuity, which covers Argo Blockchain, Iris Energy and Hut 8 Mining. Source link
Crypto miners have been selling bitcoin as their revenues have slumped along with the bear market. The firm said that it has been using derivatives to limit downside risk since fourth-quarter 2021, and hired a full-time trader to improve its “capabilities within risk and treasury management.” Source link
Bitcoin miner TeraWulf agreed to an additional $50 million in loans with existing lender Wilmington Trust as it looks to complete the data center infrastructure at its Lake Mariner facility in New York and Nautilus Cryptomine facility in Pennsylvania. Source link
Compared to a June 6 note, D.A. Davidson increased its 2022 upside expectations for Core Scientific (CORZ) and Riot Blockchain (RIOT) to 355% and 189%, respectively, and decreased its forecast for Marathon, Hut 8 (HUT), Argo Blockchain (ARBK) and Stronghold Digital Mining (SDIG) to 228%, 175%, 121% and 81%, respectively. Source link
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a […]
The card does not require users to input any personally identification data to set up or use. Source link
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a […]
Rolf Skar is a special projects manager at Greenpeace USA, an environmental protection organization that is part of the campaign. According to Skar, there are two key questions as to whether the network can change; first, whether it is technically feasible. The 2017 SegWit update “shows that it is, quite obviously, technically feasible to do so,” Skar said to CoinDesk. But, he added, the second question is “whether a proposed change could be supported enough to be adopted.” Source link
The firm, which provides crypto financial services to institutional investors, is valued at $2 billion. Source link
“All cryptocurrency companies have a permanent hold on starting businesses in New York due to the political and regulatory ambiguity. If the bill were to pass, New York would become a permanent afterthought for the industry,” said Kyle Schneps, director of public policy at Foundry, one of the largest miners in the U.S., which is based in Rochester, N.Y. Foundry is owned by CoinDesk’s parent company, Digital Currency Group. Source link
Most residents near the Blockfusion site told CoinDesk they had heard the explosion but weren’t too alarmed at the time, and said the resulting fire was put out quickly. Teresa Chapelle, who lives about one-third of a mile away, said she not only heard, but also felt, the explosion inside her home. Source link
Local and national activists are banding to limit what they consider are the industry’s adverse effects on the environment. Source link
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Source link
Several of the world’s biggest crypto exchanges have flocked to the emirates in the last few months. Source link
The firm and 10 of its subsidiaries were added to OFAC’s list of designated nationals subject to sanctions on Wednesday. Source link
Founded in 2013, BtcTurk is one of the country’s oldest crypto exchanges and counts 4.5 million pro users, according to one of Turkey’s top newspapers, Cumhuriyet. It has recorded $200 million in trading volume in the past 24 hours, compared with $179 million for its biggest local competitor, Paribu, according to CoinMarketCap data. Source link
Earlier in April, a project by Block, Blockstream, and Tesla project revealed plans to publish real-time mining data. Source link
Simultaneously, Sooho.io announced a partnership with Lambda256, a subsidiary of South Korea’s top cryptocurrency exchange by volume, Upbit. Lambda256 – which offers blockchain-as-a-service products – will use Sooho.io’s Kleva and smart contract expertise to launch a decentralized finance (DeFi) ecosystem, according to the press release. Source link
“The fact that Tornado Cash doesn’t allow access to its app to comply with regulations doesn’t necessarily mean that the protocol and smart contracts are not available to the sanctioned entities,” Tal Be’ery, the chief technology officer of crypto wallet ZenGo, told CoinDesk in a direct message. Source link
The shadow fork will share some of the data with the main Ethereum network, so some transactions could appear on both chains, Jayanthi cautioned. The shadow fork has already processed 1,166,016 transactions with an average block time of 14.8 seconds as of the time of writing, according to a block explorer page shared by the developer Marius Van Der Wijden. Source link
Advertising to retail investors will be disallowed, as Singapore limits crypto trading to professional investors. Source link
The partners want to show that bitcoin mining can support the buildout of renewable energy infrastructure. Source link
The crypto was gained by selling illcit goods, including stolen credentials, the authorities said. Source link
The drop is likely a result of miners unplugging their machines due to high energy costs, said Compass Mining CEO Whitt Gibbs. Source link
The bitcoin miner wants to stay nimble to potentially grab opportunities in a fast market. Source link
The ruling paves the way for violators to be criminally prosecuted with a punishment of up to ten years in prison and fines of up to $79,000. Source link
Eventually, the goal is to set up industry standards, but right now “there’s lower hanging fruit,” such as what technology, corporate governance, and AML/FATF characteristics of an issuance must be harmonized in order to list security tokens across Hong Kong, the U.K., and Singapore within the existent regulatory frameworks, Madden said. This year, Madden hopes to see such security tokens listed across the three jurisdictions. Source link
BitRiver Rus, based in Irkutsk, Siberia, is one of the largest mining firms in Russia, offering hosting services for large-scale mining. Its data centers are 300 megawatts, and the company plans to increase their size over sixfold by the end of 2022. The company manages five proprietary data centers it has built from scratch, and is implementing a further 15 projects in Russia and abroad, according to the statement. Source link
The deal is worth $50 million per annum or $150 million for the total three-year period, according to a source. Source link
Almost three-quarters of revenue from ransomware attacks last year, or $400 million, went to addresses that are “highly likely” to be affiliated with Russia, Chainalysis said. Source link
The exchange wants to bring crypto to the Philippines, where P2E game Axie Infinity has flourished. Source link
The DAO, which is looking to help the whistleblower, has now raised more ether than ConstitutionDAO. Source link
The government is looking to increase a special tax on mining fivefold, weeks after it came into effect. Source link
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Source link
Industry association Japanese Virtual Currency Asset and Exchange Association (JVCEA) has to approve token listings on exchanges. Source link
Data center businesses, including legal mines, have to pay around three times the residential price for electricity, Sergey Arestov, a co-founder of BitCluster, told CoinDesk. If you are engaged in industry, you must pay for electricity accordingly, he said. Source link
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Source link
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Source link
Kazakhstan crypto miners will have their energy supply cut off from Jan. 24 until the end of the month, three people in the local industry told CoinDesk. A memo from national grid operator KEGOC, dated Jan. 21 and seen by CoinDesk, said that “the planned supply of electricity to persons engaged in digital mining is completely canceled” from Jan. 24 until midnight Jan. 31. Kazakhstan’s energy grid has been struggling to meet power demand, especially during the winter. KEGOC said it will consider rolling the limitations back if the energy situation improves. The memo was signed by KEGOC Managing Director for […]
The Blockchain-Based Service Network (BSN), China’s state-sanctioned blockchain infrastructure project, said it is releasing its platform for non-fungible tokens (NFT) in the country today. The BSN-Distributed Digital Certificate (BSN-DDC) network is a structure for building NFTs that is compliant with Chinese regulations, the organization said in a press release. Authorities in China discourage public networks like Ethereum that are commonly used in the NFT ecosystem. Instead, as CoinDesk reported in October, BSN is making 10 Open Permissioned Blockchains available on the BSN-DDC. These are localized versions of their permissionless counterparts that set restrictions on who can participate in network governance and […]
The mining difficulty on the bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21, at 22:07 UTC, beating the previous record set on May 13, 2021. The difficulty is automatically adjusted based the amount of computational power on the network, or hashrate, to keep the time it takes to mine a block roughly stable at 10 minutes. The higher the hashrate, the higher the difficulty, and vice versa. On May 13, 2021, bitcoin’s mining difficulty hit a record 25.04 trillion, as primarily Chinese and North American miners deployed their machines. The difficulty started dropping […]
Intel, one of the world’s largest chipmakers, is likely to unveil a specialized crypto-mining chip at the International Solid-State Circuits Conference (ISSCC) in February, according to the conference’s agenda. One of Intel’s “Highlighted Chip Releases” at the conference is entitled “Bonanza Mine: An Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC.” The session is scheduled for Feb. 23. This brings the company into direct competition with the likes of Bitmain and MicroBT in the market for bitcoin mining ASICs, or application-specific integrated circuits, for the first time. Crypto mining has in the past driven up demand and prices for graphics processing units, including Intel’s, […]
Mixers were the most used tool among North Korean hackers for the first time, accounting for over 65% of stolen funds, up from 42% in 2020 and 21% the year before, Chainalysis said. In 2017 and 2019, crypto exchanges were the most popular way of laundering money. Source link
The amount of money lost in hacks of decentralized financed (DeFi) projects more than doubled to $1.3 billion in 2021, with centralization the most common vulnerability, Certik said in its inaugural “State of DeFi Security” research report. While the value lost climbed 160%, the amount was a smaller proportion of the total than in 2020 due to growth of the DeFi market, the security firm said in the report released on Wednesday. The lost funds represented 17% of the total market cap, according to the report. The total value locked (TVL) in DeFi protocols at end-2021 was $243.88 billion, up from […]
The Bank of Thailand will delay its test of a central bank digital currency (CBDC) from the second quarter to late next year, Reuters reported Friday. The retail CBDC will be tested as an alternative payment method for “cash-like activities within a limited scale,” the bank’s Assistant Governor Vachira Arromdee said in August. Thailand will be slow and prudent in testing the digital currency “as it does have a problem with fund transfers or payments as some other countries,” Bank of Thailand Deputy Director Kasidit Tansanguan said, according to Reuters. The pilot will test deposits, withdrawals and transfers, and involve around […]
Crypto exchange Kraken is developing a marketplace for non-fungible tokens (NFTs) where users can arrange loans using the tokens as collateral, the exchange’s founder and CEO Jesse Powell said in a Bloomberg News interview published Friday. The marketplace will provide custody, and the exchange is figuring out how to determine the liquidation value of NFTs deposited so that users can use them as a collateral for loans, Powell said. Kraken follows major exchanges like Coinbase and FTX in developing an NFT market as the assets continue to soar in popularity. OpenSea, one of the most important marketplaces for NFTs, conducted just […]
Binance Labs, the crypto exchange’s venture capital and incubation arm, led a $60 million seed round in Multichain, formerly Anyswap. The cross-chain protocol counts over 300,000 users, according to , according to a press release shared with CoinDesk. Public data shows the protocol has roughly $4.8 billion in total value locked. Multichain will use the funds to expand its ecosystem and team, particularly research on crypto algorithms, security and user service. Binance Smart Chain (BSC) is also putting its weight behind the protocol. It will promote Multichain as a recommended bridge for developers in the long term, the press release said. […]
Lambda265, the blockchain arm of South Korean crypto exchange operator Dunamu, closed a $60 million (KRW 71 billion) Series B, bringing its valuation to $300 million, according to a Wednesday press release. The firm will use the funds to invest in its blockchain-as-a-service (BaaS) products, which are used by 3,300 corporate clients, according to the statement. Its flagship platform, Luniverse, helps companies build and manage blockchain systems. Shinhan Venture Capital, Daelim, KB Investments, and SBI Investments, which are new investors to the company, also use Lambda265′s BaaS products, the press release said. Its owner Dunamu, as well as Hanhwa Systems, Chong […]
Huobi Singapore operates under FEU International, which is a subsidiary of Huobi Tech, a Hong Kong-listed company that is independent from Huobi Group. Huobi Group owns the crypto exchange Huobi Global, and shares two co-founders with Huobi Tech; Leon Li and Du Jun. Source link
Crypto exchange BitMart has resumed ether withdrawals and deposits, three days after hackers stole approximately $200 million from hot wallets, the exchange’s CEO Sheldon Xia tweeted on Wednesday. Withdrawals and deposits for other tokens will follow shortly, Xia said. BitMart is replacing all deposit addresses for bitcoin, ether and solana, and is encouraging users to log out of their accounts and log back in to make sure they are using the right address, according to a Wednesday blog post. The hackers drained $100 million worth of various Ethereum-based cryptocurrencies and $96 million on Binance Smart Chain, security firm PeckShield revealed early […]
Chainalysis blockchain data monitoring platform is launching support for the Lightning Network, according to a press release shared with CoinDesk on Dec. 10. Users of Chainalysis’ Know Your Transaction platform (KYT) will be able to prescreen for Lightning withdrawals and behavioral alerts, so that they can compliantly allow BTC deposits and withdrawals from Lighting nodes, the statement said. The Lightning Network is a Layer 2 blockchain that enables faster bitcoin transactions, so that people can use the world’s largest cryptocurrency by market capitalization for small payments like tips and remittances. Read more: An In-Depth Look Into the Lightning Network as a […]
Despite the regulatory limitations, not all Kazakh miners have abandoned hope. Some think that if failing power plants come back online, KEGOC’s electricity rationing policy will improve. Others hope that if they develop their own renewable energy capacity, they will be able to start growing again. Source link
Crypto exchange Coinbase is planning to integrate Ledger hardware wallets, bringing users more options for self-custody of their crypto, according to a Ledger press release on Thursday. The integration will be rolled out in phases in Q1 of 2022. The partnership will start off with the Coinbase Wallet browser extension, which will connect to Ledger wallets. In the later part of the integration, the Coinbase mobile app will also connect to the hardware wallets. Coinbase will “share more announcements on how we’re making Coinbase Wallet the safest and most secure way to participate in Web 3 over the coming months,” the […]
But “even after that adjustment, mining is still so profitable that everyone and their grandma will want to plug in their machines as fast as possible,” Mellerud said. “It definitely looks like the hashrate will hit an all-time high before the new year, unless we get another brutal bitcoin sell-off shortly after the next difficulty adjustment.” Source link
The Australian government will launch the biggest payments reform in 25 years, the Treasurer said in an interview. Dec 8, 2021 at 5:40 a.m. UTC Updated Dec 8, 2021 at 6:49 a.m. UTC Australian Treasurer Josh Frydenberg speaking ot 7News Australia on Dec. 8, 2021. (Screenshot: CoinDesk) Source link
South Korean crypto investment firm Hashed is being investigated by Seoul tax authorities, CoinDesk Korea reported on Tuesday. The 4th Bureau of Investigation of Seoul’s Regional Tax office, which is handling Hashed’s case, is responsible for cases of tax evasion and fraud, according to the report. The reason for the audit hasn’t been disclosed. No company investigated by the 4th bureau has been reported for prosecution in the past year, CoinDesk Korea noted, concluding that it is unlikely that Hashed will be. The investment firm announced a $200 million fundraising for Web 3 projects just last week, adding to its $120 […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source link
Hackers were able to drain $196 million of crypto by stealing a private key that opened two hot wallets, BitMart CEO Sheldon Xia tweeted on Monday. Hackers stole $100 million worth of various cryptocurrencies on the Ethereum blockchain and $96 million on Binance Smart Chain, crypto security firm Peckshield revealed on Dec. 5. BitMart has completed an initial security check and identified affected assets, and it plans to compensate users out of its own pocket, Xia said. The exchange will announce a timetable to gradually continue deposits and withdrawals, he said, adding that he is “confident” they will resume on Dec. […]
One user told CoinDesk that their machines have been completely offline for a little over one month, adding that he’d leave the platform if they gave him his money back. Another said disruptions started in mid-October, and that they are worried, but not angry at the service. Users who spoke to CoinDesk refused to be named because their contracts with BitFuFu include anti-defamation clauses. Source link
New York-based Defiance ETFs is launching an exchange-traded fund (ETF) focused on non-fungible tokens (NFTs), according to a press release sent to CoinDesk. The fund will track the performance of an index, dubbed the BITA NFT and Blockchain Select Index, composed of NFT, blockchain and crypto stocks, including NFT marketplaces and issuers such as Coinbase and Playboy. The index will be rebalanced on a quarterly basis, Defiance said. Crypto-pegged ETFs have grown significantly in the past year; the first U.S. bitcoin futures fund was listed on the New York Stock Exchange in October. Defiance is an ETF sponsor and investment adviser […]
Huobi Tech is introducing crypto lending for institutional investors in Hong Kong, according to a company press release shared with CoinDesk. The loans will range from $10,000 to $100 million in USDT and other currencies, and will carry an 8.8% fixed-term annual percentage rate, a company representative told CoinDesk via email. The Hong Kong-listed company is affiliated with crypto exchange Huobi Global through a common co-founder, Leon Li, but is a separate legal entity. The loans will be provided through Huobi Brokerage, Huobi Tech’s digital asset brokerage platform. Customers can use crypto as collateral, and the loan terms will range from […]
Twitter had been plagued by slow performance and difficulty in launching new features, in part because it ran all of its services and projects on its own servers. Agrawal compared Twitter’s tech to a “ball of hair” in a 2020 interview with The Information, a phrase he borrowed from Nick Tornow, a platform lead at the company. Source link
The Indian government does not plan to recognize bitcoin as a currency, finance minister Nirmala Sitharaman said on Monday. During a question and answer session in the parliament, Nirmala Sitharaman also said that the government does not collect data on bitcoin transactions, according to a report from local news site Mint. The Reserve Bank of India (RBI) is also working on the phased implementation of a central bank digital currency (CBDC), the ministry of finance said, according to a report from the Economic Times (ET) on Monday. The central bank was reportedly planning to pilot test a CBDC in 2022. The […]
CoinDCX, India’s first crypto unicorn, plans to go for a listing, once regulations permit it do so, co-founder Neeraj Khandelwal said in an interview with Bloomberg Television on Monday. India’s crypto industry is facing serious regulatory uncertainty, thanks to a proposed bill that plans to ban most forms of private cryptocurrencies. The proposed bill dampened expectations that the government’s legislative proposal would support a more friendly stance towards crypto, in light of growing adoption in the country. However, CoinDCX remains hopeful about its initial public offering (IPO) plans and thinks such a move would grant legitimacy to the industry. “As soon […]
ChainNews, one of China’s top crypto news sites, shuttered its operations today, co-founder Feng Liu told CoinDesk in a Twitter message. Earlier Friday the co-founder announced the closure in his personal WeChat moments, according to a screenshot obtained by CoinDesk. On Nov. 15, ChainNews said its website would be down for maintenance for a few hours, but that the team would continue posting news on its Telegram channel and Twitter account. The news site has gone silent in both platforms since Nov. 25. The closure follows China’s Sept. 24 statement that it would step up censorship of crypto news sites along […]
A large part of the pools’ operations are located in China, which has vowed to eliminate crypto mining. While their hashrate does not come only from China, and they have said they plan to exit the country by year-end, the publication of material in Mandarin could be interpreted as courting its population. Source link
El informe fue elaborado por el jefe de investigación de Grayscale, David Grider, y el analista de investigación Matt Maximo. Definieron al metaverso como “mundos virtuales interconectados, experienciales y en 3D, en los que personas situadas en cualquier lugar pueden socializar en tiempo real para formar una economía persistente, de propiedad de los usuarios, que abarca el mundo digital y el físico”. Source link
Animoca Brands and Hex Trust are partnering to provide institutional-grade wallets and financial services for online gamers, the two companies said in a press release on Thursday. Animoca Brands is a leading investor in decentralized gaming and non-fungible tokens (NFTs)—with a $2.2 billion valuation as of October. Hex Trust is a crypto custodian and financial services provider with licenses in Hong Kong and Singapore. Hex Trust will serve as custodian and provide financial services to gamers in Animoca Brands’ ecosystem, which includes The Sandbox, according to the press release. The services will also include banking services for NFTs and other crypto […]
Projects like Decentraland allow people to interact, govern and earn tokens, and get real world benefits for their time spent online, Grayscale said. People are spending more and more time online, and they concurrently spend money to build social status within digital realms, the company added. Source link
South Korea’s Financial Services Commission (FSC) wants the National Assembly to bring criminal liability to unfair behavior in crypto markets such as price manipulation and insider trading, according to a report submitted to the South Korean Parliament on Nov. 23. Source link
Celsius Network’s Series B was expanded to $750 million, up from $400 million at a $3.25 billion valuation announced October. The news was first reported by Blockworks late on Nov. 24. The crypto lender’s CEO Alex Mashinsky and official account both tweeted the story, while the Celsius team confirmed the story to CoinDesk in a message. Celsius closed a $400 million Series B in October led by growth equity firm WestCap, and Caisse de dépôt et placement du Québec (CDPQ), bringing its valuation to $3 billion. The company at the time stressed that the round would boost their credibility with regulators. […]
Members of the Digital Currency Forum, include banks like MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Japan Post Bank, industry heavyweights like the Nippon Telegraph & Telephone Corporation, East Japan Railway, and Mitsubishi Corp., as well as local governments. The Bank of Japan, Financial Services Agency of Japan, and three ministries, are observing its activities. Source link
Crypto mining company Xive shut down a 2,500 rig mine in South Kazakhstan due to lack of sufficient electricity supply from the national grid, co-founder Didar Bekbau told CoinDesk on Wednesday. Kazakhstan has been grappling with electricity shortages, partly caused by an influx of crypto miners from China. The southern part of the country is particularly vulnerable as the region lacks abundant electricity generating plants and the national grid cannot reliably transfer electricity from the energy-rich northern region. Crypto miners, like Xive and Enegix, have been facing electricity issues since September due to rationing from KEGOC, the national grid operator. KEGOC […]
Play-to-earn (P2E) company Avocado Guild raised $18 million in a Series A led by Animoca Brands, bringing its valuation to $200 million, according to a press release shared with CoinDesk. Gaming guilds like Avocado cluster P2E gamers who are able to earn crypto income from titles such as Axie Infinity. Guilds often have revenue-sharing agreements and give players initial loans to bring them into the game. In an interview with CoinDesk, Avocado co-founder and CEO Brendan Wong described the guild as a “metaverse of metaverses,” because it enables players to participate in multiple virtual worlds. “Avocadians,” as users call themselves, not […]
The cryptocurrency exchange’s global entity is looking to ameliorate its relationships with governments, CEO Changpeng “CZ” Zhao tells the Financial Times. Nov 23, 2021 at 6:57 a.m. UTC Updated Nov 23, 2021 at 6:57 a.m. UTC Binance CEO Changpeng Zhao (CoinDesk archives) Source link
Binance has registered a fourth legal entity in Ireland, according to a report by the Irish Independent. After years of decentralized operations, Binance is set to settle down on a global head office to ease compliance woes. Changpeng “CZ” Zhao, founder and CEO of the world’s largest crypto exchange, said on Nov. 19 that Binance had picked a location for its HQ. Binance set up three companies in Ireland in September: Binance (APAC) Holdings; Binance (Services) Holdings; and Binance Technologies. The new entity is called Binance Exchange (Ie). In October, Zhao confirmed that Binance is considering Ireland for its global HQ […]
Norway is considering a crypto mining ban proposal put forth by two Swedish regulatory officials, Minister of Local Government and Regional Development Bjørn Arild Gram hinted in a Nov. 17 interview with Euronews. Norway is “currently considering potential policy measures” to address the “challenges related to crypto mining.” In this context, they are “looking at the solutions proposed by the Swedish regulators” with an eye on Europe-wide regulations, Gram said. In an open letter, officials from two of Sweden’s top regulators called for Europe to ban proof-of-work mining in order to meet the Paris Climate Agreement goals, Euronews reported on Nov. […]
Xiongan New District warned citizens of telecom fraud using the digital yuan, according to a Nov. 18 notice signed by the local government and central bank branch. Fraud cases involving China’s central bank digital currency have been making headlines. Just this week, police arrested a woman for defrauding RMB 300,000 ($40,000) using the CBDC. Earlier in November, another 11 people were arrested in Henan province for using the digital yuan to launder money for Cambodian gangs. The use of CBDC to commit fraud undercuts the narrative that digital currencies issued by nation states will be a better, less-prone-to-fraud alternative to crypto. […]
Oversea-Chinese Banking Corporation (OCBC Bank) is mulling creating a crypto exchange, the bank’s CEO Helen Wong said in an interview with Bloomberg Television today. “We are looking at it and seriously there are some work being done in the bank,” Wong said, adding that the bank wants to address customer needs “in a safe manner.” At the end of last year, Singapore-based OCBC had $121 billion in assets under management, making it the second-largest bank in Southeast Asia. OCBC rival DBS launched a crypto exchange in December 2020. DBS Vickers, the bank’s brokerage arm, received a license to offer crypto services […]
Binance, the global crypto exchange CZ started in 2017, has also set up an entity for its global headquarters and is currently communicating with regulators around the world, the CEO said. He named France, the U.A.E., and Singapore as crypto-friendly jurisdictions, but did not say where the actual headquarters was. Source link
The Reserve Bank of Australia has been ramping up research into central bank digital currencies (CBDCs), but is not convinced “that a strong policy case has emerged in Australia,” said Tony Richards, Head of Payments Policy at the RBA. Australia’s current payment infrastructure provides consumers with ample safe and convenient options, Richards said, addressing the Australian Corporate Treasury Association on Thursday. However, given payments innovation around the world, providing a new form of digital money could be key to “safeguarding confidence in national monies and the role of fiat currencies at the heart of monetary, financial and payment systems,” as well […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source link
In his speech, the Prime Minister said the world is at a “historic moment of choice” when it is undecided whether emerging technology will be used for “cooperation or conflict, coercion or choice, domination or development, oppression or opportunity,” and that democracies should cooperate to figure out ways to safeguard their interests while allowing for innovation. Source link
Chinese crypto news sites ChainNews, Odaily, and information platform Block123, were inaccessible on Wednesday, as the Chinese government continues to crack down on the crypto industry. ChainNews posted its Telegram account on its Twitter on Nov. 15, saying it would be offline for 8-10 hours as the site undergoes maintenance. When asked via Telegram on Nov. 17 why the site was remained dark, the ChainNews official account told CoinDesk that Twitter and Telegram would continue to be updated during the website update. Odaily was also inaccessible on Wednesday, and had invited its audience to join its Telegram community in an Oct. […]
The Staples Center arena in Los Angeles will be renamed to Crypto.com Arena on Christmas day, according to a press release . The Singapore-based crypto exchange bought the naming rights from AEG for 20 years, for $700 million, the L.A. Times reported, citing sources familiar with the matter. The $700 million figure makes it one of the largest naming deals in sports history, according to the newspaper. The multi-purpose arena will reveal the new branding on Dec. 25, when the Los Angeles Lakers host the Brooklyn Nets. All Staples Center external signs will be changed to the new name by June […]
China’s National Development and Reform Commission (NDRC), said on Tuesday that in the next stage of its crypto mining crackdown it will consider “punitive electricity prices” for some crypto mines. The country’s top economic planning body might implement this measure for companies that mine crypto, but only pay residential electricity prices, said NDRC’s Meng Wei in a press conference, according to China.com, a news site run by the State Council Information Office. The NDRC will focus on industrial scale mines and state-owned entities that mine crypto and is calling on local governments to take care of mining within their jurisdictions, Meng […]
AMC Theaters will accept Shiba Inu through BitPay wallets in 60-120 days, AMC CEO Adam Aron said on Tuesday. BitPay will start accepting Shiba Inu on Aron’s suggestion, and AMC will be the first to use the service, Aron said in a tweet on Tuesday. BitPay provides payment processing services for cryptocurrencies. Last week, Aron said AMC will start accepting bitcoin, ether and other cryptocurrencies for online payments. The theater chain will also accept dogecoin for the purchase of gift cards worth up to $200 per day, the CEO tweeted early in October. Attention #SHIBArmy: Our friends @Bitpay decided to support […]
Investing in cryptocurrencies “doesn’t make sense right now,” Twitter CFO Ned Segal said, according to the Wall Street Journal. Twitter would have to change its investment policy to hold more volatile assets on its balance sheet, Segal said. The company prefers to hold less volatile assets, such as securities, he added. Fintech firm Square, which is also headed and co-founded by Twitter’s Jack Dorsey, Musk’s Tesla, and software firm Microstrategy hold crypto on their balance sheet. Dorsey is a supporter of decentralized technology, including bitcoin and cryptocurrencies. Twitter wants to let users connect their accounts to third-party services that allow them […]
More than 488,000 people have downloaded the consumer wallet for Nigeria’s central bank digital currency, the eNaira, according to a Bloomberg report on Monday. Launched on Oct. 25, the eNaira has been used for NGN 62 million ($150,000) in transactions, according to Osita Nwanisobi, a spokesman for the central bank that the Bloomberg story cited. Nigeria has minted about $1.2 million eNaira, central bank Governor Godwin Emefiele said when the CBDC was launched. Nwanisobi said that 78,000 merchants from 160 countries have signed up for the merchant wallet. The eNaira was developed by Barbados-based Bitt, the fintech company that also worked […]