A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said. Advanced Crypto Mining Facilities in Abu Dhabi to Defy Cooling Challenges in Arab Peninsula Marathon Digital…
Memecoin buyers are playing the crypto-equivalent of Powerball — with many “playing” hoping for “life-changing money” yet only a few will walk away with the jackpot, says Matrixport’s head of research. Memecoins have seen a huge resurgence over the last week. Crypto tokens such as Pepe (PEPE) and Milady (LADYS) have boasted staggering price surges despite each having little to…
Crypto exchange Binance US and its founder Changpeng Zhao (CZ) are reportedly looking for ways to reduce his stake in the firm, amid harsh scrutiny from United States federal regulators over the past year. The crypto executive — Binance US’ majority owner — has reportedly been trying to reduce his stake in the U.S.-based exchange since last summer, according to…
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect in the pricing and liquidity of short-dated Treasury bills and continue to monitor for any additional tremors.”…
The United States Chamber of Commerce has blasted the Securities and Exchange Commission (SEC) for its “haphazard, enforcement-based approach” to regulating the cryptocurrency industry on American soil. In an amicus brief filed to the U.S. Court of Appeals on May 9, the U.S. Chamber of Commerce threw its full weight behind Coinbase, accusing the SEC of deliberately creating a precarious and…
The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE) and 230 staff will be let go, Silvergate Capital has disclosed. In a May 11 filing to the Securities and Exchange Commission (SEC), Silvergate Capital said 230 staff will be “separated” starting May 12. The NYSE also suspended trading in its stock…
beginner PAX Gold Overview PAX Gold Price $2,033.24 PAX Gold Price Change 24h -0.65% PAX Gold Price Change 7d -1.16% PAX Gold Market cap $548,852,256.66 PAX Gold Circulating Supply 271,264 PAXG PAX Gold Trading Volume $16,533,362.96 PAX Gold All time high $3,487.68 PAX Gold All time low $1,387.98 PAX Gold Price Prediction(7d)$2,028.00 (-0.26)PAX Gold Fear-Greed Index52 (Neutral)PAX Gold SentimentNeutralPAX Gold…
intermediate Polymath provides a platform for issuing tokens and emphasizes compliance with all legal procedures. As a result, the so-called Security Token (ST20) should be obtained, which meets all the legal requirements for securities. In other words, it turns out the token is legally equivalent to securities and meets all the requirements of regulators, such as the SEC. Polymath provides…
An unidentified issue on Ethereum’s Beacon Chain led to a halt in transactions for nearly half an hour on May 11. Around 8:15pm on Thursday May 11, a number of Ethereum core developers announced that the Beacon Chain was having issues with confirming transactions. New blocks were able to be proposed but an unknown issue was preventing them from being…
intermediate RavenCoin is a classic digital currency that runs a peer-to-peer system. Being a more advanced hardfork of Bitcoin, Ravencoin puts a heavy focus on reliability, anonymity, confidentiality, publicity, open access and much more. Unlike Bitcoin and Ethereum, Ravencoin serves to transfer the ownership of assets. Each transmitted object is represented by an unmarked token created by a user of…
