Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone. Russia Will Not Prioritize Supplying Energy […] Source: https://news.bitcoin.com/russia-to-prioritize-supplying-energy-for-social-development-over-bitcoin-mining/
Paul Grewal, Coinbase’s chief legal officer, said the SEC would be compelled to produce “important discovery” in its civil case after a judge’s order. Source: https://cointelegraph.com/news/coinbase-court-victory-sec-discovery-documents?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Chris Larsen, Co-Founder and Executive Chairman of Ripple Labs, has joined a group of 88 corporate leaders endorsing Vice President Kamala Harris for the 2024 U.S. presidential race. This move highlights potential divisions among industry leaders regarding political support, especially within the cryptocurrency sector. Larsen’s decision to back Harris contrasts with the more conservative leanings of other high-profile figures in…
This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan. Source: https://cointelegraph.com/news/crypto-biz-us-regulators-crack-down-uniswap?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
New data from the cryptocurrency derivatives market suggests a growing bearish sentiment among traders, with options activity indicating expectations of further price declines for major digital assets like Bitcoin (BTC) and Ethereum (ETH). A new report from crypto exchange Bybit, developed in collaboration with analytics and research platform Block Scholes, highlights a marked increase in implied volatility levels across various…
Nvidia Corp. (NASDAQ:NVDA), the leading manufacturer of artificial intelligence chips, has experienced a significant market shake-up in recent weeks. The Nvidia stock volatility has surged, wiping out more than $400 billion in market value, causing ripples across equity benchmarks and sparking investor concerns about the health of the broader U.S. economy. Once hailed as a key player in the AI…
Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs. Source: https://cointelegraph.com/news/van-eck-to-shutter-ethereum-futures-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
With Lula supporting Moraes and the Bar Association challenging the decision, Brazil’s Supreme Court must decide X’s fate amid free speech concerns. Source: https://cointelegraph.com/news/brazil-future-with-x-supreme-court-reviews-ban?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinbase Global, Inc. (NASDAQ:COIN) has recently seen a positive shift in its outlook, despite ongoing market challenges. Barclays analyst Benjamin Budish upgraded the stock from “Underweight” to “Equal-Weight,” recognizing the company’s improved position in the rapidly evolving cryptocurrency space. The Coinbase crypto resilience is evident in its ability to adapt to changing regulations and maintain steady revenues, even as the…
According to Web3 gaming firm Moxy, the deal will save the company around $3.5 million in gas fees annually. Source: https://cointelegraph.com/news/atari-founder-partners-skale-labs-gasless-blockchain-gaming?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
