Griid Infrastructure, which owns and operates bitcoin mining facilities, is to list on the New York Stock Exchange through a merger with Adit EdTech Acquisition Corp. The combined enterprise value of the two companies is $3.3 billion, according to an announcement Tuesday. Cincinnati-based Griid has three facilities in the U.S. and aims to have mining capacity of 734 megawatts operational by 2023. The newly formed entity will operate under the name “GRIID Infrastructure Inc.” and list on the NYSE under the ticker symbol “GRDI.” Read more: Blockchain ‘Blank Check’ SPAC…
Month: November 2021
ALTCOINS WAKING UP as Altcoin Market Pushes Higher, Bitcoin All Time High, XRP Price Chart Levels
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Binance CEO reveals one key factor for token listings
The CEO of Binance, the world’s largest cryptocurrency exchange by volume, has disclosed some information on how to get listed on the trading platform. The most important criteria for listing a cryptocurrency on Binance is the number of users, CEO Changpeng Zhao said in a Forbes interview on Nov. 29. CZ went on to say that there are many other factors like the number of active addresses on blockchain, social media audience and code commits. However, the number of users is “the key metric,” he said: “If a coin has…
Indian Finance Minister Says Monitoring Crypto Ads; Not Weighing Ban
The Indian government is closely monitoring crypto advertisements, but is not weighting a ban on crypto ads at the moment, Finance Minister Nirmala Sitharaman said on Tuesday. The finance minister also said that the government’s crypto bill, which is due to be submitted during the current parliamentary session, is based on inputs from the 2019 draft bill and other recommendations. Sitharaman, during a question and answer session of the parliament, looked to quell some of the confusion surrounding cryptos in India, and whether…
Huobi Group Picks Singapore as Regional Headquarters
Huobi will set up another base in “France or the U.K. in 2023,” Jun reportedly told Bloomberg. A Huobi representative confirmed that the company is “considering setting up regional headquarters around the world as the business grows,” adding that they have not yet decided on any specific cities. Source
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Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC: Report
Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country. Juda Agung, an assistant governor of Bank Indonesia, said in parliament that a digital rupiah would address the effect crypto trading has on the financial system, Bloomberg reported Tuesday. “A CBDC would be one of the tools to fight crypto,” he said. “We assume that people would find CBDC more reliable than crypto.” Indonesia’s central bank announced its intention to develop…
Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC
Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country. Juda Agung, an assistant governor of Bank Indonesia, said in parliament that a digital rupiah would address the effect crypto trading has on the financial system, Bloomberg reported Tuesday. “A CBDC would be one of the tools to fight crypto,” he said. “We assume that people would find CBDC more reliable than crypto.” Indonesia’s central bank announced its intention to develop a CBDC in May this year. Religious…
India misinterpreted private crypto ban, says crypto bill creator
The creator of India’s crypto bill, former Finance Minister Subhash Garg, dismissed the notion of banning “private cryptocurrencies” as a misinterpretation while highlighting the enormous potential of cryptocurrencies and blockchain technology. The Parliamentary discussions around a controversial crypto bill sparked fears around the ban on cryptocurrencies, with no clear indication about the ban’s scope. As Cointelegraph reported, an episode of panic selling among Indian investors followed the announcement. In an interview with local news channel News 18, Garg clarified: “[The description of the crypto bill] was perhaps a mistake. It is misleading…
No Way Home’ Advance Opening Ticket Buyers – Bitcoin News
The theatre chain AMC and Sony Pictures are offering NFT’s as a present for early buyers of tickets for the “Spider-Man: No Way Home” movie premiere. These tickets (and the opportunity to reclaim the gift NFTs) will only be available for users of AMC’s different subscriptions in its app (AMC Stubs A-List, Premiere, or Investor Connect). The NFTs will be issued on top of the Wax blockchain, and only 86,000 NFT’s will be available. ‘Spider-Man: No Way Home’ Gets the NFT Treatment AMC has partnered with Sony to…