DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two…
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears
Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users…
Ethereum Price Scores Bullish Moves, Can ETH Sustain This Recovery?
Ethereum found support near $1,070 and recovered above $1,150 against the US Dollar. ETH could rise further, but upsides might face hurdles near $1,200 and $1,230. Ethereum started an upside correction from the $1,070 and $1,080 support levels. The…
Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and…
Trusted Third Parties Continue To Be Security Holes
The recent FTX collapse has demonstrated the shortfalls of third parties. Successful businesses in the future will incorporate multisig into their operations.The below is a direct excerpt of Marty’s Bent Issue #1283: “Trusted third…
El Salvador Takes First Step To Issue Bitcoin Volcano Bonds
A digital securities bill has been presented to El Salvador’s Congress, paving the way for the issuance of bitcoin-backed bonds.El Salvador’s Minister of the Economy Maria Luisa Hayem Brevé submitted a digital assets issuance bill to…
JPMorgan Chase Granted Wallet Trademark Covering Various Virtual Currency and Crypto Payment Services
The United States Patent and Trademark Office (USPTO) has granted JPMorgan Chase Bank’s trademark registration for “J.P. Morgan Wallet” for use in a wide range of financial services, including virtual currency transfers and…
Core Scientific in 'substantial doubt' of continuing without more cash
The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments.
Bitcoin Price Recovery Remains Capped, Why 100 SMA Is The Key
Bitcoin price started an upside correction from $15,500. BTC is now facing a strong resistance near the $16,300 zone and the 100 hourly SMA. Bitcoin found support near $15,500 and started an upside correction. The price is trading below $16,300 and…
Polygon Poised For A Major Advance Next Year If MATIC Stays On This Course
Even as the FTX-induced downward market continues, Polygon (MATIC) is closely following in the footsteps of its older relative ETH. Despite the bears’ dominance this year, many in the cryptocurrency industry see 2023 as the final chapter…
Quant (QNT) Struggles Above Key Support Of $100; Here Are Levels To Watch
QNT’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100. QNT’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most…
Bitcoin At $1M By 2030: Why Cathie Wood Remains Confident In Bold Bet
Following news that Ark Invest has made investments into Grayscale’s heavily discounted Bitcoin fund, CEO Cathie Wood is doubling down on a bold bet that the top cryptocurrency will reach $1M per coin by 2030. Is such a lofty price prediction…
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious…
NFT Sale Starts Mid December! NFT Sale Details of Entertainment DAO Project ‘SUPER SAPIENSS’ by Director Yukihiko Tsutsumi, Katsuyuki Motohiro and Yuichi Sato Revealed
PRESS RELEASE Financie Inc. pleased to announce that the “SUPER SAPIENSS NFT” sales conducted by “SUPER SAPIENSS”, an entertainment DAO project active on FiNANCiE. About SUPER SAPIENSS “SUPER SAPIENSS” is…
How I Talk To Family Members About Bitcoin This Thanksgiving
The best way to address your family members at this year’s Thanksgiving dinner when the orange coin comes up in conversation.This is an opinion editorial by Joakim Book, a Research Fellow at the American Institute for Economic Research, contributor…
RGB is a method of ownership verification built on Bitcoin that allows for the continuation of Bitcoin’s properties.This is an opinion editorial by Federico Tenga, a long time contributor to Bitcoin projects with experience as start-up founder…
Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’
According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following…
Approving a spot crypto ETF is 'all about political power' — Perianne Boring
According to the Chamber of Digital Commerce CEO, passing any kind of legislation — including bills on crypto and blockchain — will be "incredibly difficult" in a divided government.
Singapore central bank explains why Binance was on its alert list, but FTX wasn’t
The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators.
Binance Coin Loses $270 Support As Bears Eye $200; Will Bears Push Harder?
BNB’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $260. BNB’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most…
Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’
During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the…
Ethereum bears have the upper hand according to derivatives data, but for how long?
ETH bears continue to suppress Ethereum price, but institutional traders’ buying activity and exchanges’ aiming to provide more transparency could improve investor sentiment.
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