Day: September 9, 2022

Warren Buffett Warns Investor "This Is Your Last Chance To Exit ,Bitcoin Is Doomed"

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Warren Buffett and Charlie Munger blast Bitcoin and the broader cryptocurrency industry during Berkshire Hathaway’s annual shareholder meeting held on 30th April 2022. Warren Buffet while answering the question regarding Bitcoin and crypto said that he wouldn’t buy Bitcoin even if he would be offered to buy at 25 dollars per BTC. Because at the end of the day it doesn’t have any utility and What would he do with it? Buffett said. Rather he would prefer to buy a portion of…

CleanSpark acquires mining facility in Georgia for $33 million

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Crypto mining firm CleanSpark announced an agreement on Friday to acquire Mawson’s Bitcoin mining facility in Sandersville, Georgia for $33 million. The deal is anticipated to increase CleanSpark’s hash rate by 1.4 exahashes per second (EH/s) in the next few months, and to 7.0 EH/s by the end of next year. As part of the agreement, 6,468 last-generation mining ASICs will be purchased for $9.5 million, or $17 per terahash. “These machines, already operating at the acquired site, will add over 558 petahashes per second (PH/s) of computing power immediately…

Will Bitcoin’s rally sustain? DXY, SPX, GC and WTI could have the answer

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Federal Reserve Chairman Jerome Powell said in a question and answer session hosted by the Cato Institute on Sept. 8 that the central bank will continue to hike rates until inflation is under control. However, these comments did not rattle the markets as much as most would have anticipated, indicating that traders might have already factored in a 75 basis point rate hike in the Fed’s next meeting on Sept. 20–21. Bitcoin has been strongly correlated with the S&P 500 and inversely correlated with the United States dollar index (DXY)…

Group of Senators Press Meta, Mark Zuckerberg for Action on Crypto Scams

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New York Denies Air Permit To Bitcoin Mining Plant On Seneca Lake Amid State Climate Laws

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io New York state is denying a critical permit for a controversial bitcoin mining operation. Officials say the business in the state’s Finger Lakes region is not meeting state climate laws. NBC’s Gretchen Morgenson reports.  » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and…

Solana Nears 100 Billion Transaction Milestone As Price Aims For $40

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Solana has made a name for itself in the decentralized finance (DeFi) and non-fungible token (NFT) space over the last few years. Its growth has seen it become one of the largest contenders for the leading smart contract network Ethereum, as it presents faster and cheaper transaction options. Its transaction count had quickly multiplied in light of this, and now, the cryptocurrency has neared another important milestone. Almost 100 Billion Transactions With only two years of operations under its belt, Solana has quickly grown in prominence among crypto investors. With…

From Shiba Inu to Squidgrow – Sponsored Bitcoin News

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sponsored When society looks at the crypto industry today, one cannot deny that Dogecoin (Doge) and Shiba Inu (SHIB) are just as widely known as Bitcoin (BTC). SHIB to date has the highest percentage gain est. Thirty million per cent from launch to an all-time high; no other cryptocurrency has come close to this percentage return. While most meme coins have taken a -70%+ beating from an all-time high (like the rest of the cryptocurrency market), one has proven it will be a force to reckon with even during this…

‘We’re not giving crypto a pass’ on enforcement action, says SEC’s Gurbir Grewal

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Gurbir Grewal, the enforcement director for the United States Securities and Exchange Commission, said the financial regulator will continue to investigate and bring enforcement actions against crypto firms, despite the narrative of “picking winners and losers” and “stifling innovation.” In written remarks for a Friday program hosted by the Practising Law Institute, Grewal pushed back against criticism that the SEC “somehow unfairly targeted crypto” in its enforcement actions when compared with those against financial products or traditional markets. He also hinted that the SEC had a responsibility to many “non-White…