Month: September 2022

Jump-Backed Wormhole, Pyth Launch on Aptos Blockchain

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Bitcoin Mining Is Saving American Infrastructure

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World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices – Mining Bitcoin News

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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…

Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators

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Jerry Sambuaga, the deputy ministry with Indonesia’s Ministry of Trade, has proposed a rule that would require the leadership at the country’s crypto exchanges to be more representative of its citizens.  In a Tuesday parliamentary meeting that included Indonesian regulatory officials, a letter submitted by Sambuaga suggested several policy changes in response to the “interesting year for the development of physical trading of crypto assets” in the country. Among the proposed rules are a requirement for two-thirds of directors and commissioners at crypto firms to be “Indonesian citizens and domiciled…

Riot Blockchain Sues Northern Data Over Disclosures Related to Texas Bitcoin Mine Acquisition

In the lawsuit filed on Sept. 7 in a Delaware court, Riot claims that Germany’s Northern Data failed to disclose $84 million in liabilities to a third party, which the third party asked for in April of this year. At the time, Riot was trying to negotiate the final closing price for the acquisition but Northern Data “delayed and obfuscated,” the lawsuit claims. Riot also says that Northern Data continues to stall negotiations and has delayed paying almost $114 million it owes to Riot. Source

Treat Crypto Assets as if Clients Matter

Given the scarcity of crypto custodial solutions, the SEC could clarify that, in certain circumstances, registered investment advisers (that are not qualified custodians) can use a combination of software and comprehensive internal controls to self-custody crypto. This doesn’t have to result in any relaxation of custodial rules – in fact, we strongly believe the SEC should put in place robust, technology-neutral principles regarding crypto custodianship. Original Source AssetsClientsCryptoMatterTreat CryptoX Portal

Data Suggests Bitcoin Gets Chaotic During FOMC Meetings

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Bitcoin and other cryptocurrencies in the market have had an interesting week-and-a-half. From the CPI report to the completion of the Ethereum Merge, it has been a rollercoaster of volatile activity across the market. Even with this, the market is still not done with its big events. The FOMC meeting is held on Wednesday, which, like in the past, promises unpredictable movements for the crypto markets. Expect Volatility For Bitcoin The FOMC meeting has always triggered volatility across not just the crypto markets but various financial markets. Bitcoin’s reaction to…

Selling physical items as NFTs, explained

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Typically, disputes will end up going through the courts — but this can have mixed success. It’s easy to forget that NFTs remain a nascent technology, and this means that legal systems still lack understanding about how they work. This may mean that the nuance surrounding digital assets may get missed during civil action… but those in the lawsuit will still have to contend with hefty legal bills. Mattereum — a new protocol that delivers transferable proofs of digital ownership — aims to do things differently. It offers its customers…

Hodlonaut’s Tweets a ‘Reckless Campaign’ Against Craig Wright, Lawyers Say, as Satoshi Trial Reaches Conclusion

Tweets sent in 2019 by Hodlonaut, whose identity has since been revealed as Magnus Granath, were a “lasting, well-thought-through and reckless campaign that others were to take part in,” Wright’s lawyer Halvor Manshaus told the court. “To call somebody a fraud and a scammer – that, I would say, is harassment …That is not protected by freedom of expression.” Source

the challenge of running Bitcoin businesses

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A Bitcoin (BTC) hub in Greater Manchester opened on Sept. 16, where everything–absolutely everything is Bitcoin themed or oriented. Cointelegraph took a trip to the bar and workshop space, called Satoshi’s Place to interview the founder and raise a glass to the latest Bitcoin speakeasy.  Named after the anonymous creator of the world’s largest and most widely accepted cryptocurrency, Satoshi’s Place offers workshops, coworking spaces for local businesses and Bitcoin-inspired cocktails. Naturally, they accept Bitcoin over the Lightning Network, and there’s even a Great British Pound to Bitcoin price ticker…