Bitcoin miner Fortress Technologies Inc. has rebranded to Cathedra Bitcoin Inc. and will change its ticker symbol on the TSX Ventures Exchange (TSXV) to “CBIT,” the company said in a statement sent to Bitcoin Magazine. “The name ‘Cathedra Bitcoin’ reflects our aspirations for the company, and for Bitcoin more broadly: a bold, ambitious, long-term project whose full realization we may…
When we first published this essay in May, we did so pseudonymously for the same reason that many other authors adopt pen names: to let our ideas stand (or fall) on their own merits. In the months prior, Bitcoin’s energy debate had heated from a simmer to a boil, yet we continued to find the mainstream conversation lacking. There was…
As part of a sweeping modernization of Australia’s payment systems, the Australian government will overhaul the regulatory framework around cryptocurrency exchanges. Noting that over 800,000 Australians have owned a form of cryptocurrency, Treasurer Josh Frydenberg said that the government is “broadening out the definition of the services and the products that can be regulated,” in an interview with 7News Australia. “We’re…
Iceland is suffering a power shortage, prompting the country to cap supplies to some industries deemed to be surplus to requirements, per Bloomberg. The country’s principal utility provider, Landsvirkjun, is reportedly reducing supplies to aluminum smelters, data centers, fish meal factories, and Bitcoin miners. According to vice president of sales and customer service at Landsvirkjun, Tinna Traustadottir, record demand played…
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic Crypto exchange Huobi Global is going to discontinue services for users based in…
Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s top searched terms in 2021 on Google On Dec. 7, Google released its traditional annual list of the top searches for the year, breaking them down into several categories including searches, news, people, games, movies and others. According to Google Trends’ Year in Search 2021, Dogecoin was…
In brief Progressive Democrats could exert a large influence on the proceedings. The hearing is a chance to see whether Congress recognizes crypto’s potential. On Wednesday morning, top executives from six crypto firms—Coinbase, Circle, FTX, Paxos, Bitfury and Stellar—will testify before the House of Representatives Committee on Financial Services. The event, which will be live-streamed starting at 10am ET, reflects…
SBI Digital Asset Holdings, a fully owned subsidiary of Japanese banking giant SBI Holdings, announced a joint crypto venture with Switzerland’s SIX digital exchange (SDX). The joint venture would be set up in Singapore through a crypto issuance company and aims to become a regional liquidity hub for institutions. SBI Holdings CEO Yoshitaka Kitao said: “This is an important step…
Visa is diving deeper into the world of digital assets after it unveiled a new cryptocurrency consulting arm. The financial services giant hopes that the new initiative will facilitate mass adoption of Bitcoin and other cryptocurrencies as well as help its clients navigate the pitfalls of the fast-growing sector. “We’ve seen a material shift in our clients’ mindset in the…
intermediate Ankr is one of the few blockchain projects seeking to create its own, truly decentralized environment for a new generation of businesses. Moreover, the developers of Ankr set a goal to combine computers into one large network of computing power so that businesses can optimize their cloud services, and computer users can receive rewards for providing disk space. In…
