GreenpeaceUSA is back with more scathing criticisms of the Bitcoin mining industry, but its claims of environmental harms and Big Oil collusion have drawn a robust rebuttal from its targets. In a report released on Tuesday, the U.S. arm of the global non-profit said it was exposing the industry’s “deep ties” with the fossil fuel industry and “right-wing climate deniers”…
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving sustainably” toward the 2% target. Fed Pauses Rate […] Source: https://news.bitcoin.com/powell-economy-progresses-but-inflation-still-too-high-to-adjust-benchmark-rate/
The Ethereum Foundation has reportedly received a “voluntary enquiry from a state authority,” according to a note added to the group’s Github page. State Actors Have Contacted the Ethereum Foundation; SEC Reportedly Investigating On Wednesday, March 20, 2024, the crypto community discussed a message posted to the Ethereum Foundation’s Github repository which also features a […] Source: https://news.bitcoin.com/ethereum-foundation-receives-confidential-state-inquiry-removes-warrant-canary-icon-from-github-repo/
Robinhood Markets, Inc. (NASDAQ:HOOD), a California-based financial services company, offers a range of investor services including cryptocurrency trading, dividend reinvestment, and fractional share investment. The platform allows real-time trading in stocks, crypto, and options, earning transactional fees from routing orders to market makers upon execution. With its close association with the cryptocurrency market, Robinhood shares have surged 35% since the…
The Federal Reserve today announced it would keep interest rates as they are—as expected—and said that its plan to slash rates later this year was still in place. Central bank officials have penciled in three quarter-percentage point cuts by the end of this year. The price of Bitcoin has remained largely flat since the announcement, gently rising before dipping again. It…
Ben Armstrong, a cryptocurrency analyst, anticipates a substantial bull run for Cardano’s ADA. Armstrong’s prediction is grounded in the growing public attention toward ongoing developments within the Cardano ecosystem. He referenced Ali Martinez’s ADA forecast, suggesting a potential rally to $5 following a consolidation period. Armstrong underscores the increasing public awareness surrounding activities on the Cardano blockchain. While he couldn’t…
Disgraced tech entrepreneur Do Kwon and Terraform Labs founder Do Kwon will be extradited to his home country of Korea, a Montenegro court ruled Wednesday. Both American and South Korean authorities charged Do Kwon with violating capital markets rules. Both jurisdictions had requested his extradition, but Do Kwon had previously successfully appealed a decision to extradite him to the U.S. …
Bitcoin mining stocks faced losses this week amid a broader downturn in Bitcoin prices. Despite this multi-day correction phase, the overall bullish sentiment for digital assets remains strong. A significant worry in the market revolves around the impending Bitcoin halving event, slated for late April when the block height reaches 840,000. This event reduces the reward for mining new blocks…
OpenAI CEO Sam Altman said that the company’s current and most advanced artificial intelligence model—widely regarded as the best generative AI tool to date—“kind of sucks,” and promised the world will agree when GPT-4.5 is superceded by GPT-5 when it’s released in a few months. In a recent interview with AI researcher Lex Fridman, ltman unpacked current state of artificial…
Leading American crypto exchange Coinbase is having issues again Wednesday—but while other recent instances were blamed on a surge in crypto trading activity amid Bitcoin’s rise to a new all-time high price, this wave of problems is being blamed on Base, the Ethereum scaling network that Coinbase itself incubated. “Due to network congestion on the Base network, transactions on Coinbase…
