The $20-$23/TH range is something the industry hasn’t seen since around the time of the 2020 bitcoin price bottom. In addition to Bitmain’s S19, S19j and S19 Pro units, MicroBTC’s Whatsminer M30s, M30s+ and M30s++ models, among others, are feeling the slump as well. Original
Circle Internet Financial has released a full breakdown of its USD Coin (USDC) holdings for the first time — a move designed to offer transparency and instill greater trust ain the stablecoin issuer. As of June 30, Circle’s $55.7 billion reserves were comprised of $42.12 billion in short-term United States Treasuries and $13.58 billion in cash held at regulated financial institutions in the country, the company disclosed Thursday. The weighted average maturity of its Treasury assets was 43.9 days. “The USDC reserve is held solely in cash and 3-month U.S.…
Unlike bull markets where traders can basically throw a dart at a list of coins to pick one that will go up, bear markets require much more effort to find projects that could perform well over the long-run. One project that has continued to show signs of mainstream adoption despite the onset of a crypto winter is Polygon (MATIC), a layer-two scaling solution for the Ethereum (ETH) network that is looking to build a sustainable Web3 infrastructure on the top smart contract platform. Data from Cointelegraph Markets Pro and TradingView shows…
The United States Commodity Futures Trading Commission, or CFTC, has added 34 unregistered foreign entities to its Registration Deficient List, including at least six providing crypto-related services. In a Thursday announcement, the CFTC said it had expanded its list of firms that it requires to register with the CFTC for providing services including trading binary options, foreign currency or other products such as cryptocurrencies. The additions to the Registration Deficient List, or RED list, include B.O TradeFinancials, CryptoBO, Bitpay Options, CryptoSphereFX, Direct Cryptos and Prime Crypto FX. Since 2015, the…
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U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise. Source
Mostly because honey badger don’t care. But also, logistics. Original
Investors in the failing cryptocurrency lending startup Celsius are still losing money weeks after the company filed for bankruptcy. Customer withdrawals had been frozen. Celcius Market Cap Crash 86% As the company’s problems worsen, investors have stepped out to relate their experiences following the withdrawal freeze and the ensuing bankruptcy application. One user who placed their entire life money in Celsius lost everything. Uncertainty over when business as usual will return further complicates the situation for the affected investors. Even though Celsius voiced optimism about allowing withdrawals, the most recent…
On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will be the professional baseball team’s “official bitcoin payroll platform.” NYDIG Inks a Multi-Year Partnership Deal With the MLB’s New York Yankees According to the bitcoin firm NYDIG’s announcement on Thursday, the company has entered a multi-year partnership with the American baseball team the New York Yankees. NYDIG says that the deal…
Dolev estima que el volumen de trading promedio de Coinbase bajó a $1200 millones en julio, desde aproximadamente $7000 millones en noviembre de 2021. La participación de mercado de la compañía en el volumen de trading global se redujo a solo 2,9% en julio, dijo Dolev, frente a un promedio de 5,3% en el primer trimestre de 2022 y un pico de entre 8% y 9% en noviembre de 2021. Source