Month: February 2022

New York Crypto Mining Plant Permit Delayed

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The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow crypto mining firm Greenidge Generation to continue to use its power plant in the town of Dresden for bitcoin mining, according to a recent report from Bloomberg. The decision by the state’s Department of Environmental Conservation will now come by the end of March. Related Reading | Why Bitcoin Could Hit $90K By The End Of 2022, According To This Prediction New York & The Environmental Debate The decision is now expected to…

China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities – Regulation Bitcoin News

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A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ advantages,” the senator informed Treasury Secretary Janet Yellen. U.S. Senator Warns About the Threat From China’s Central Bank Digital Currency U.S. Senator Pat Toomey sent a letter to Treasury Secretary Janet Yellen and Secretary of State Tony Blinken last week raising concerns about China’s central bank digital currency, the digital yuan. “I write to request…

Latest DeFi bridge exploit results in $4.4M losses for Meter

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The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans. Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge. Moonriver is a smart contract platform based on Polkadot’s Kusama network. Hundred Finance is a crypto lending platform based on the code for Compound Finance. Starting at 2pm UTC on Feb. 5 and over the…

A quarter of people will spend time in the Metaverse by 2026: Research

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By 2026, 25% of people will spend at least one hour a day in the Metaverse for work, shopping, education, social, and entertainment purposes, according to new research. The Feb. 7 report by technology research and consulting company Gartner found that in anticipation of this migration to the Metaverse, brands are already building the infrastructure to allow their users to replicate their lives digitally. According to Gartner Vice President Marty Resnick, brands will need to collaborate in order to unify the Metaverse as their users continue to demand virtual, interactive,…

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Valkyrie Bitcoin Mining ETF “WGMI” Approved For Nasdaq Listing

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Crypto asset management firm Valkyrie will have a new exchange-traded fund (ETF) listed on the Nasdaq this week. The stock exchange will be listing Valkyrie’s new ‘Bitcoin Mining ETF,’ an investment vehicle that will supply assets that provide exposure to company securities “deriving at least 50% of their revenue or profits” from Bitcoin or crypto mining, or hardware and software related to crypto mining. Valkyrie… Going To Make It? Spot Bitcoin and crypto ETFs are yet to hit the market in the U.S., hampered by the SEC’s timid approach on…

Wir Und Die Blockchain | Dokumentarfilm zur Blockchain-Technologie | Satoshi | Bitcoin | Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “Wir und die Blockchain” AKA “The Blockchain And Us”: Filmregisseur Manuel Stagars porträtiert die Versprechungen von Blockchain-Technologie in neunzehn Interviews mit Softwareentwicklern, Kryptografen, Wissenschaftern, Unternehmern, Beratern, Investoren, Buchautoren, Politikern und Zukunftsforschern aus den U.S.A., Kanada, der Schweiz, England und Australien. Wie könnte die Blockchain-Technologie unser Leben und Zusammenleben verändern? Manuel Stagars geht dieser Frage in seinem Film “Wir und die Blockchain” nach. Sein Beitrag spinnt einige der Hauptaussagen aus dem Film weiter. Regie: Manuel Stagars Hauptdarsteller: Alex Tapscott, Manuel Stagars, Dave Birch…

Cardano Zooms Up By 6%; How Soon Will It Target $1.4?

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At the time of writing, Cardano looks promising on its charts. ADA had broken over the $1.10 mark yesterday and was currently priced at $1.20. The $1.10 mark for ADA had acted as a long-standing resistance mark for the coin. The break above the aforementioned level could push ADA to trade above the $1.20 mark over the upcoming trading sessions. The bullish force in the market seems to have propelled the prices of Cardano significantly. In the last 24 hours itself, ADA’s price grew by 6%. Continued trading above the…

KPMG in Canada Makes First Direct Crypto Investment — Adds Bitcoin, Ether to Corporate Treasury – Featured Bitcoin News

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KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and Ether on Balance Sheet of KPMG in Canada KPMG in Canada announced Monday the company’s “first-of-its-kind investment.” KPMG is one of the Big Four accounting firms. The announcement details: KPMG in Canada has completed an allocation of crypto assets…

Nigerian Blockchain Advocacy Group Calls Crypto “Legit”; Insists On Regulation

The Nigerian Government had imposed a ban on crypto exactly a year ago in February 2021. The ban did nothing in terms of putting a lid on cryptocurrency trading; crypto adoption started to look promising in the African country. Stakeholder in Blockchain Technology Association of Nigeria (SIBAN), the Nigerian Blockchain Advocacy Group has now urged the Central Bank of Nigeria to regulate the asset. SIBAN stated that crypto is a legit asset and should not be banned, instead of regulated. SIBAN mentioned that “Crypto is Legit” and went on to…