Day: February 4, 2022

SEC again delays decision on Grayscale’s Bitcoin ETF

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The United States Securities and Exchange Commission (SEC) has once again delayed its ruling on whether to approve Grayscale’s application for a Bitcoin (BTC) exchange-traded fund (ETF), citing familiar concerns around manipulation, liquidity and transparency.  In a notice published Friday afternoon, the SEC expressed concerns about how the digital asset manager intends to convert its Grayscale Bitcoin Trust (GBTC) into a spot ETF. Namely, the regulator wasn’t convinced that Grayscale’s proposal was designed to prevent alleged fraud and manipulation in the Bitcoin market. The SEC has invited the public to…

Status of CryptoCurrency Regulation in India | 1Min Crypto bill update #Shorts

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Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code – Regulation Bitcoin News

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The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings of Their CBDC Research The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) released the initial findings of their central bank digital currency (CBDC) research on Thursday. This research is separate from the digital dollar research conducted…

Crypto Miner Merkle Among First to Get Bitmain’s Newest Liquid Cooling Mining Rigs

“This order is a major milestone in the exponential growth of Merkle Standard and our partnership with Bitmain signifies our mission to develop sustainable and efficient operations, prioritizing the acquisition of high performing machines and embracing the latest technologies manufactured by our strategic partner Bitmain,” said Ruslan Zinurov, CEO of Merkle Standard in a statement. Source

Winter is coming! Here are 5 ways to survive a crypto bear market

The cryptocurrency market has an interesting way of catching even the most seasoned veterans off guard as each bull and bear market initially shows similarities to previous cycles only to veer off in an unexpected direction and wipe out the fortunes of newly minted crypto millionaires.  This was the case with the weak close of 2021 which completely went against the bullish $100,000 BTC price estimates that crypto analysts and influencers were peddling nonstop. Currently, Bitcoin price is more than 50% away from its $69,000 all-time high and altcoins have…

Cardano Developer Reveals Progress On Scaling Protocol Hydra

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Cardano announced its Hydra protocol last year and has continued to develop on it ever since. The project which finally gained smart contract capability in 2021 has been making strides in proving that it is a force to be reckoned with in the space. Its decentralized finance (DeFi) space has begun to take off. Now, it offers insight into the Hydra protocol and how much progress the team has made with scaling it. Hydra Has Evolved In a recently published report on its official website, the developer behind Cardano known…

Solana Price Soars 10% As $325 Million Reinstated on Wormhole

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The Solana price has been on an upswing ever since the bloodbath that followed DeFi’s largest hack of 2022. The Wormhole network stated that stolen money had been restored, giving Solana price some much-needed relief. Related Reading | Solana price recovers from downtrend after $325 million restored on Wormhole network After hours of being lost to what some call the largest DeFi hack, the crypto was restored. Jump Crypto’s currency-focused arm worked in tandem with other Quant trading firms, and together, they were able to restore all funds that hackers…

Kazakhstan's Crypto-Boom? – BBC News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Despite their volatility, cryptocurrencies like Bitcoin have exploded in popularity in the past year with interest and investments from people skyrocketing. But no place on earth has seen results quite like Kazakhstan, which in the space of just six months has become a world leader in Bitcoin mining. The central Asian country is so important to the digital currency that the global Bitcoin network was badly impacted when violent protests hit the country earlier this month. And although the government initially welcomed…

America COMPETES Act passes House without ‘disastrous’ provision on crypto

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A piece of legislation aimed at addressing supply chain issues to keep the U.S. economy and businesses competitive has passed the House of Representatives — without a provision many in the crypto space had criticized for giving the Treasury Secretary authority to shut down exchanges. In a 222-210 vote on Friday, the House of Representatives passed the America COMPETES Act mostly along party lines. The provision originally proposed by Connecticut Representative Jim Himes would seemingly have allowed the Treasury Secretary to have fewer limits on surveilling financial institutions with suspected…

A Team of Experienced Crypto Enthusiasts Launch RIDGE Charity Token – Press release Bitcoin News

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press release PRESS RELEASE. Podgorica, Montenegro – A group of crypto enthusiasts has announced the release of the RIDGE charity token. RIDGE is a community-driven charity token deployed on the Ethereum network (ERC-20) with the major purpose of donating to charities and developing other crypto utilities. Over time, the team has consistently delivered and helped several tokens improve their utilities. They have worked together with one aim in mind, to become a serious token with multiple use cases for a better and greater decentralized crypto community. The launch of the…