CryptoX – Cryptocurrency Analysis and News Portal The exchange’s COO Dave Ripley will take over as CEO. Source The post Kraken’s Jesse Powell to Step Down as CEO of Crypto Exchange appeared first on CryptoX. CryptoX Portal
Privacy-Enabled Crypto Applications Are Coming for Enterprise, but Not Overnight Source
Crypto miners are still developing innovative data centres, despite a souring market that has some of them struggling to survive. Source
“Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low,” a statement by the Federal Open Market Committee (FOMC), a group of Fed officials that sets monetary policy said. Original
According to a new press release on Wednesday, Société Générale, one of the largest investment banks in Europe, said that it would be expanding its cryptocurrency asset management services through its Security Services subsidiary. Clients who are digital asset fund managers can now elect to have Société Générale as their fund custodian, valuator and liability manager. The tools are designed to facilitate the addition of cryptocurrencies into institutional investors’ portfolios. The firm’s most recent client is Arquant Capital SAS, a licensed asset management company in France with two euro-denominated digital…
One of the main hurdles preventing mass adoption among the TradFi crowd is uncertainty around regulations. Many crypto services are already waiting on regulators for any indications of what legislation to adhere to, but the process is moving slowly. In the U.S., there are even questions about which regulator will oversee which crypto assets – and how stringently. “You see entrepreneurs in the space that have been here for several years, waiting for regulatory clarity and they’re struggling,” said Bruno Ramos de Sousa, head of global expansion at Hashdex, a…
The number of “whale” addresses in AAVE has recently increased. Whale addresses are digital currency addresses that store 1 million or more of a particular coin. AAVE is currently riding a wave of whale-like popularity. AAVE is currently riding a wave of whale-like popularity. A 55 percent of the AAVE coins are held by addresses with 1,000 to one million tokens, per Santiment. That’s a big jump from the 48% investors saw in the first half of June. This increase in whale addresses may be attributable to new AAVE features.…
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The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they were five months ago on March 28. Bitmain Cuts S19 Pro Prices Down to $19 per Terahash Amid the crypto winter and the crypto economy’s market capitalization hovering around $927.21 billion, Bitmain Technologies has decided to sell…