Crusoe, a bitcoin mining company, is deploying equipment in Muscat, Oman to capture flared gas.The Oman Investment Authority in the Middle East was part of an April funding round that saw Crusoe raise $350 million. The MENA region accounts for 38% of the world’s flared gasses. Crusoe Energy, a U.S. firm that specializes in using excess natural gas for bitcoin…
A letter signed by 26 computer scientists, tech bloggers, and academics, including many former employees of FAANG firms and notable crypto skeptics, lobbying against crypto has been presented to U.S. lawmakers, according to the Financial Times. The letter urges regulators to “take a critical, skeptical approach toward industry claims that crypto-assets are an innovative technology that is unreservedly good” and…
TRON neared a seven-month high on Wednesday, as prices climbed for a third consecutive session. This came while KSM also rallied earlier today, gaining by double digits on hump-day. TRON (TRX) TRX moved towards a seven-month high during today’s session, as prices climbed by almost 15% on Wednesday. After trading at a low of $0.08039 during Tuesday’s session, TRX/USD rose…
In the lead-up to the 33rd edition of the annual Worldwide Developers Conference (WDDC) set to commence on June 6, tech giant Apple has unveiled plans to showcase the developments of four new devices and software models: iOS 15, iPadOS 15, macOS Monterey and watchOS 8. Alongside this, fanatical forums such as MacRumours, which center their coverage around supporting and…
Goldman Sachs is reportedly in talks with FTX to facilitate derivatives trading for bitcoin and other cryptocurrencies. FTX is seeking a license modification that will allow it to function as both an exchange and intermediary for derivatives.If FTX is successful in acquiring the license, it could begin the removal of intermediaries, such as Goldman, in derivatives markets. Goldman Sachs is…
Crypto has inherited many values that were popularized in the early days of the internet. Many participants in the crypto space have been anonymous since the beginning of Bitcoin (BTC), since using this digital money offers a certain degree of anonymity so long as nobody knows the public address of the user. The true identity of its creator, Satoshi Nakamoto,…
Cardano (ADA) price climbed from $0.48 on May 30 to as high as $0.68 on May 31—a 45% rally in less than 48 hours. But ADA/USD failed to extend its rally further upward and dropped by almost 13.75% from its weekly high. ADA price: bear market vibes Cardano’s price retreated sharply on June 1, giving up a portion of the gains secured…
Tesla and SpaceX chief Elon Musk took to Twitter to respond to Dogecoin creator Jackson Palmer’s claims that Musk struggles with computer programming, saying that even his kids “wrote better code when they were 12” than Palmer. In an interview with the Australian news site Crikey earlier this week, Palmer said he had messaged Musk on Twitter several years ago…
During the last seven days, the cryptocurrency cardano has increased in value by 17.3% against the U.S. dollar, as the community anticipates the upcoming Vasil hard fork, an upgrade that aims to improve the network’s throughput and enhance smart contract capabilities. Moreover, according to a poll involving 24,468 crypto enthusiasts, cardano is predicted to reach $1 in value by the…
The crypto winter has emotions running high. Kraken CEO Jesse Powell came under fire for his defense of listing the new LUNA, also known as LUNA 2.0, which seeks to bring the original LUNA — now known as Luna Classic (LUNC) — and TerraUSD — now known as TerraUSD Classic (USTC) — back from the dead. Respected names in the crypto…
