In brief Acting CFTC Chair Rostin Behnam urged a Senate committee today to expand the agency’s authority over crypto. Meanwhile, SEC Chair Gary Gensler has reportedly been lobbying for more regulatory control over stablecoins. Mere days after a Bloomberg report suggested the Treasury Department was set to give the Securities and Exchange Commission the bulk of the responsibility over regulating…
Starting Today, Wednesday October 27, transfer KRL, LCX, SUKU and TRAC into your Coinbase Pro account ahead of trading. Support for KRL, LCX, SUKU and TRAC will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT) Thursday October 28, if liquidity conditions…
Bitfarms has started the construction of two new mining farms in Canada. “Both farms will benefit from our existing cost-effective contracts that supply green hydro power at an average cost of just $0.04 per kilowatt hour,” its CEO said. The company expects to house 21,000 rigs and generate 2.1 EH/s of hashrate capacity upon completion. Bitcoin miner Bitfarms announced it…
Back in September, Twitter became the first major social media platform to adopt Bitcoin (BTC) tipping, enabling users to send BTC directly to their favorite content creators through the sites native frontend. The company also allowed users to send their BTC over the Bitcoin Lightning Network to ensure near-instant settlement times. In response to an analyst’s question regarding how cryptocurrencies…
Bitcoin (BTC) may have printed a classic head and shoulders pattern but bulls could still win, says veteran trader Peter Brandt. In a tweet on Oct. 27, Brandt, famous for his accuracy when it comes to BTC price predictions, refused to flip bearish on Bitcoin. Brandt: Bitcoin may face “larger congestion” Despite nearing $58,000 in a fresh wipeout of leveraged…
After fighting in court since 2015, the former hedge fund manager Martin Shkreli was sentenced to seven years in prison for conspiring to commit securities fraud and he was forced to pay $7.4 million in fines. One of Shkreli’s prized possessions, an unreleased Wu-Tang Clan album, was seized by the U.S. Marshals and sold for $4 million. Just recently, the…
Despite Russian officials’increased interest in cryptocurrencies like Bitcoin (BTC), Russias internet ombudsman expressed confidence that local crypto regulations will remain largely prohibitive. Dmitry Marinichev, Russias ombudsman for the protection of entrepreneurs’ rights under Russian President Vladimir Putin, on Wednesday discussed Russias approach to cryptocurrency regulations at a panel of a major local industry event, Blockchain Life 2021. Russia will continue…
In brief Meme token Shiba Inu has surged in value of late, up 45% over the last 24 hours, and its market cap is nearing that of Dogecoin. The wider crypto market is down 4% today, and Bitcoin has slumped below $60,000. Shiba Inu was pegged by some as a Dogecoin knockoff when it first caught fire this past spring,…
Theres no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number of Bitcoin miners have moved toward the use of power sources driven primarily by renewable energy. To expound…
In brief Findora completed a private funding round last December. Now it’s ready for the community around its privacy-centric blockchain to grow. You likely haven’t heard of Findora, a privacy-centric blockchain that “makes it possible for users to share information without showing it.” But if its strategy pays off, the under-the-radar blockchain being developed by Discreet Labs could be in…
