Day: August 3, 2022

MicroStrategy Shares Surge After Michael Saylor Exits CEO Role

Meanwhile, Le said investors shouldn’t expect any surprises in strategy. On the company’s earnings call late Tuesday, Le said that he’s been aligned with Saylor on the enterprise and bitcoin strategy throughout their time together. The changes, he said, will free up time for him to run the company. “I would sort of see this as a business as usual transition,” Le told analysts. Source CEOExitsMichaelMicroStrategyRoleSaylorSharesSurge CryptoX Portal

Robinhood’s Crypto Unit Fined $30 Million By New York Financial Regulator

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The New York Department of Financial Services, or NYDFS, has fined Robinhood’s cryptocurrency arm $30 million for suspected anti-money laundering violations, cybersecurity, and consumer protection regulations. NYDFS Superintendent Adrienne Harris announced on Tuesday that Robinhood Crypto would pay a $30 million penalty to the state “for major violations in the areas of bank secrecy act/anti-money laundering responsibilities” and cybersecurity issues that allegedly breached New York regulations. Robinhood’s crypto subsidiary, according to Harris, will also be compelled to employ an independent consultant to examine the firm’s compliance and rehabilitation activities.  …

Riot Blockchain’s Bitcoin mining productivity dropped 28% YOY amid record Texas heat

Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility. In a Wednesday announcement, Riot said its miners had produced 318 Bitcoin in July, more than 28% less than the 443 BTC the firm reported generating in July 2021. According to Riot CEO Jason Les, the firm curtailed operations by 11,717 megawatt-hours in July in response to increasing demand on Texas’ energy grid. Many parts of the Lone Star State experienced several days with temperatures…

Crypto Casinos Features and Games

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As many areas around cryptocurrencies have grown, crypto gambling has become more popular. Now, you can choose from numerous sites offering casino games and sports betting with this digital money. Crypto casinos offer a similar game selection as FIAT casinos. Plus, you can take advantage of unique features, bonuses, and original games. There are several reasons to venture into crypto gambling sites. Stablecoins Gambling Have you invested in bitcoin a long time ago? Then, you’re probably familiar with the high price volatility of crypto markets. Gambling with cryptocurrencies? The price…

MicroStrategy Shares Surge as Michael Saylor Puts Full Focus on Bitcoin

Meanwhile, Le said investors shouldn’t expect any surprises in strategy. On the company’s earnings call late Tuesday, Le said he has been aligned with Saylor on the enterprise and bitcoin strategy throughout their time together. The changes, he said, will free up time for him to run the company. “I would sort of see this as a business-as-usual transition,” Le told analysts. Source

AVAX Struggles To Hold Above Resistance As It Eyes $40

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Avalanche (AVAX) struggles to hold above key support that will set the tone for a rally to the $40 mark region anticipated by many. The price of Bitcoin (BTC) saw a retracement as it could not break and hold above important support that corresponds with the daily 50 exponential moving average (EMA). BTC’s unable to hold that region has led to AVAX struggles to form good support.  Avax Weekly Chart Analysis Avax Weekly Chart Analysis | Source: AVAXUSDT On Tradingview.com The weekly chart for Avax shows a downtrend reversal to…

Cardano (ADA) Regains Some Support But Rate Stuck Below Vital $0.50 Level

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Cardano (ADA) price according to CoinMarketCap registered a jump of 3.96% or $0.5148 as of this writing.   CoinMarketCap hourly chart shows how ADA trades midway slicing in between the support zone of $0.4899 and the $0.5035 resistance level. In addition, ADA’s average transaction value is now 0. As of press time, the 8th largest coin in terms of market cap is in the gray or neutral area which means the coin is neither bullish nor bearish. TradingView’s daily chart on the ADA/USD price shows that it was able to…

Who Will Mine Ethereum After It’s Gone?

There are some non-financial arguments for continuing the proof-of-work chain as “ETH PoW” (or whatever they ultimately decide to call it, because “ETH PoW” frankly stinks). Above all, rational or not, there will be some uncertainty about the stability of the new Ethereum chain after the Merge. If something goes truly catastrophically bad with the Merge, there is some chance users, apps and even assets (see below) will migrate back to the PoW chain. In this scenario, positions on the “old” chain could act as something akin to insurance. Source

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