Day: May 2, 2022

SHIBA INU COIN NEWS TODAY || Coinbase Is Closing

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Bitcoin miners rebut claims made by US Democratic legislators to EPA administrator

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The Bitcoin Mining Council (BMC) has responded to a letter sent to United States Environmental Protection Agency (EPA) Administrator Michael Regan by Democratic legislators last month with a letter of its own seeking to rectify inaccuracies about Bitcoin (BTC) mining and its environmental impact.  Penned by MicroStrategy CEO Michael Saylor, Castle Island Ventures partner Nic Carter and Darin Feinstein of Core Scientific, the BMC letter, which has over 50 signers, highlights alleged misconceptions in the document sent to Regan. In particular, the authors said that the original letter, which was…

Marathon Kicks Off Bitcoin Miners’ Earnings With Focus on Rig Deployment, Funding

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For its part, Jefferies’ Petersen is looking for updates on how the company plans to relocate its mining machines away from a site in Hardin, Mont. that is powered by coal, to a site with more renewable energy sources. “On the earnings call, we hope to learn more about whether MARA intends to use Compute North or is considering other hosting providers to house the Hardin miners and any future orders,” wrote Petersen. Original

Price analysis 5/2: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT

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BTC and altcoins are holding at their current support levels, but this week’s comments from the Federal Reserve could be a determining factor in short-term price action. The U.S. equity markets opened on a tentative note on May 2 but a minor positive is that the crypto markets led by Bitcoin (BTC) are holding above their immediate support levels. The price action over the next few days will be dictated by the outcome of the Federal Open Markets Committee (FOMC) on May 4.  If the Fed springs a negative surprise,…

Why Terra’s Anchor Protocol Changed Earn Rate To 18% APY

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Anchor Protocol, one of the most popular platforms in the Terra ecosystem, rolled out a change in its Earn Rate. The latter will begin to operate in a semi-dynamic fashion rather than the previously fixed 20% annual percentage yield (APY). Related Reading | Terra Price Continues Moving North; How Soon Will It Cross $100?  With a massive shift in the protocol’s reward mechanism, the new models aim at making Anchor “more sustainable”. As a result, users started earning an 18% APY as of yesterday, May 1. The earn rate will be…

2022 Bitcoin conference kicks off in Miami

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Bitcoin #Miami #Yellen Yahoo Finance’s David Hollerith joins the Live show from Miami’s 2022 crypto conference to discuss the unveiling of the ‘Miami bull’, bitcoin hovering around $43,000, and the outlook for crypto regulation. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction…

Yuga Labs’ Otherdeeds NFT mint triggers backlash from community

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The aftermath of the Otherdeeds nonfungible token (NFT) mint is filled with disgruntled community members voicing their complaints on Twitter over Yuga Labs’ handling of the event.  The launch of Otherdeeds NFTs gained massive support from the community, selling out almost instantly after it dropped. Because of the high demand, the launch drove Ethereum gas fees sharply higher, leading users to pay from 2.6 Ether (ETH) up to 5 ETH to complete their transactions. However, many community members were unhappy with the event. According to Twitter user RandomGuyonct, several users…