Terra’s collapse ultimately contributed to highly publicized insolvency troubles at both Celsius and Three Arrows Capital, according to research from the blockchain analytics platform Nansen. Nansen, which released its findings on Wednesday, took a closer look at on-chain flows of stETH, which represent Ethererum (ETH) that’s been staked with the platform Lido to accrue daily rewards. “Looking at the Curve…
Compass Mining today issued a formal denial that the Bitcoin mining company owes money to Dynamics Mining for unpaid utility bills at facilities in Maine. Dynamics on Sunday posted on Twitter that of $1.2 million in agreed initial power deposits, only two separate payments of $415,000 and $250,000 had been made. Dynamics also claimed that funds Compass said it had…
Alex Adelman, CEO of Bitcoin shopping rewards app Lolli, talked to Decrypt’s Andrew Hayward at NFT NYC about why NFTs have impressed him and why he’s “kind of sad” because Bitcoin “should have captured” the cultural moment that Ethereum and NFTs did. Source: https://decrypt.co/videos/live-events/nj6x3YFj/lolli-bitcoin-shopping-app-ceo-at-nft-nyc-nfts-captured-the-zeitgeist
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun. Source: https://cointelegraph.com/news/eu-officials-reach-agreement-on-aml-authority-for-supervising-crypto-firms
In brief Coinbase is now offering staking rewards for users who hold and stake Solana. The feature will roll out gradually to all Coinbase users. Cryptocurrency exchange Coinbase has enabled staking benefits for Solana (SOL), enabling holders on the platform to earn SOL rewards just for holding the coin and keeping it staked within the network. Coinbase announced the move…
Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. Uzbekistan Discusses Draft Regulations for Crypto Mining Sector Entities involved in cryptocurrency mining will need to register and renew their…
In brief Alex Adelman, CEO and co-founder of Bitcoin rewards app Lolli, spoke with Decrypt at NFT NYC last week. He’s a fan of the rise of NFTs and culture in crypto, and believes the Bitcoin community should more broadly embrace such use cases. NFT NYC took place last week, and even crypto’s lingering bear market couldn’t kill the vibes.…
Samsung is reportedly in a trial production stage for 3nm foundry processing which could be used for mining bitcoin.The first customer will be PanSemi, a Chinese ASIC manufacturer and Qualcomm may also take part in the future.3nm foundry processing can enable chips to have reduced power consumption, increased speed, and higher quantities of transistors. Samsung will reportedly start trial production…
The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed. According to a Wednesday report from Bloomberg, the United States Department of the Treasury and Internal Revenue Service may not be willing to enforce crypto brokers collecting information on certain transactions starting…
Tl;dr: Today, Coinbase is announcing an easy and secure way for eligible customers to earn staking rewards on Solana (SOL). By Thorsten Jaeckel, Senior Product Manager At Coinbase, we’re focused on offering more ways for customers to earn crypto rewards. Today, we’re announcing the expansion of our staking offerings to include Solana (SOL) with plans to continue to scale our…
