In brief Kevin Durant and business partner Rich Kleiman have launched an SPAC, or special purpose acquisition company. The firm is considering acquiring or merging with a private crypto industry company to take it public. As an early investor in Coinbase, NBA superstar Kevin Durant likely profited handsomely when the cryptocurrency exchange went public earlier this year. However, he might…
Members of the EOS ecosystem, a blockchain designed to power decentralized applications, or DApps, are voicing their dissatisfaction with former developer Block.one. As a result, they have formed their own organization and elected new leadership in an effort to revamp the network. As accessed by Cointelegraph, Yves La Rose, the “community-elected CEO” of the novel EOS Foundation, gave the following…
Today, the Securities and Exchange Commission (SEC) Chairman Gary Gensler was sent a letter written by two U.S. Congressmen, Tom Emmer (MN-06) and Darren Soto (FL-09), advocating for the approval of a spot bitcoin exchange-traded fund (ETF) to begin trading in the country. “We question why, if you are comfortable allowing trading in an ETF based on derivatives contracts, you…
In brief Coinbase is in the process of testing a new subscription service, the exchange has said. It would allow traders to buy and sell crypto without fees. Dubbed Coinbase One, it will only be available to a small handful of users at first. Coinbase, the biggest cryptocurrency exchange in the U.S., is in the process of testing out a…
Riot Blockchain mined 464 BTC in October 2021, a 433% increase over its October 2020 production of 87 BTC. The company now holds nearly 4,000 bitcoin, all produced in-house. Riot expects to house a hashrate capacity of around 8.6 EH/s by the end of next year. Bitcoin mining company Riot Blockchain produced 464 bitcoin in October, a 433% increase compared…
United States-based crypto mining company Marathon Digital Holdings holds more than $460 million in Bitcoin (BTC), mainly from mining and purchases since last year. According to a Tuesday report, the mining firm said it had been HODLing all Bitcoingenerated from its mining operations roughly 2,640 BTC since its last sale in October 2020. In addition, Marathon Digital purchased more than…
U.S. Republican Senator Ted Cruz of Texas submitteda resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol complex. The resolution, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, also prohibits the Architect of the Capitol a presidential…
The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs. According to areportby South China Morning News on Nov.3, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8 million to invest. SFC’s deputy…
Calls for the arrival of an altseason are growing louder on Nov. 3 after the price action for altcoins is on the rise and Bitcoin (BTC) price lingers at the $62,000 support level. At the moment, gaming tokens, supply chain-related projects and decentralized finance (DeFi) protocols are scorching hot and as shown below, many altcoins are posting double and triple-digit…
Green Bay Packers quarterback Aaron Rodgers is taking a portion of his salary in bitcoin. He also gave away $1 million in the cryptocurrency to his fans in collaboration with Square’s Cash App. “I believe in bitcoin,” he said, adding that “the future is bright.” Green Bay Packers’ Aaron Rodgers Takes Part of His NFL Salary in Bitcoin American football…
