Month: February 2022

FTX Launches Gaming Unit to Offer Crypto Services to Other Companies – Bitcoin News

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FTX, a leading cryptocurrency exchange, has announced it will enter the gaming field. The company revealed it is launching its own gaming unit to focus on lending crypto services to gaming companies, acting as a middleman. This means that the exchange will support other companies launching tokens and offering NFTs via its platform. FTX Gets Into Gaming FTX, one of the leading cryptocurrency exchanges, is branching out into gaming. The company will reportedly launch a gaming unit that will be focused on offering crypto-related services to traditional gaming…

How to setup Ethereum mining rig in India | Profitability in cryptocurrency mining | Bitcoin mining

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‘You’d better buy some Bitcoin’ — BTC figures defy Canada gov’t as ETF assets hit record

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Canada’s war on Bitcoin (BTC) appears to be backfiring as the country’s flagship exchange-traded fund (ETF) adds thousands of BTC. Data from on-chain monitoring resource Coinglass shows that over the two weeks to Feb. 24, the Purpose Bitcoin ETF has increased its holdings from 28,854 BTC to 32,257 BTC — 11.8%. Institutions shrug off Canada’s crypto crackdown After a two-month lull in which its holdings actually modestly decreased, Purpose is back in fashion among institutional investors. Purpose Bitcoin ETF BTC holdings. Source: Coinglass The about-turn comes against a backdrop of…

Former SEC official predicts regulator ‘will lose on the merits’ of case against Ripple

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A former executive from the Securities and Exchange Commission believes the regulator has a good chance of losing its $1.3 billion lawsuit against Ripple “on the merits” of the case. Attorney Joseph Hall also voiced concerns over what the SEC’s endgame could be regarding the high-stakes case against Ripple (XRP), which will have ramifications for the entire industry. The lawsuit alleges that the company and its co-founders, Brad Garlinghouse and Christian Larsen, failed to notify the SEC about its sale of XRP beginning in 2013, and that the tokens are…

$89M flows into Bitcoin funds despite looming conflict, but ETH funds are negative

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Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to ba Ethereum (ETH) investment products, which saw outflows totaling $15.2 million. Despite Cointelegraph reporting earlier this week that activity on the Bitcoin network was down 30% since its ATH levels three months ago, digital gold appears to be the asset of choice for sophisticated investors of late. According to CoinShares’ Feb. 22 “Digital Asset Fund Flows Weekly” report, BTC funds have now…

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms – Mining Bitcoin News

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Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision of Kazakhstan’s Ministry of Energy have carried out a number of inspections to identify illegal coin mining operations in the country, the department said. Members of the country’s law enforcement and other government agencies also…

Bitcoin, Cryptocurrency and Stock Markets React to Fed Statement by Jerome Powell

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Ethereum Primed For Strong Recovery And Only 1 Thing is Holding it Back

Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave. Ethereum found support near $2,500 and started an upside correction. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong recovery wave if it clears the $2,700 and $2,700 resistance levels.…