Day: January 18, 2023

Bitcoin Rally Pushes Crypto Mining Stocks Up

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After a year-long winter accompanied by massive losses in the mining sector, the recent Bitcoin recovery is a relief to miners. Moreover, the Bitcoin price rally has rubbed off on crypto mining stocks as they witness the highest performance in the past year. In the 2022 bear market, public crypto miners recorded up to $4 billion in liabilities due to low profitability and stock prices. As a result, many miners who struggled to stay afloat resorted to selling their coin reserves to boost liquidity. Bitfarm And Others Record Year-Long Highs…

Education is key to driving sustainability in blockchain and beyond

The World Economic Forum (WEF) in Davos, Switzerland, brings together global leaders and thinkers across various industries to hone in on global issues each year. As the world of crypto and blockchain continues to push into the mainstream view, it, too, has become a topic of discussion at the legacy event.  Cointelegraph editor-in-chief Kristina Lucrezia Cornèr moderated a panel on Jan. 17, which touched on sustainability efforts in the blockchain industry.  Even though not all panelists come from the same background, they unanimously highlighted education and learning as the key…

XRP Bulls Aim For $1 As Crypto Advances With 12% Weekly Pump

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XRP is currently at $0.3899 which is the result of recent positive external developments. According to CoinGecko, the native token of Ripple moved upwards by 12% in the weekly and the bi-weekly time frame.  Positive news brewed up in the US Securities and Exchanges Commission (SEC) vs. Ripple lawsuit that started back in December 2020. Just last month, Ripple was handed a small win as the SEC was ordered by a judge to hand over the Hinman documents which details the speech of the previous SEC director saying that Ethereum…

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil – Finance Bitcoin News

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Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign Trade Iran’s central bank is considering the possibility of creating, with Russia’s participation, a digital token to facilitate trade in the Persian region, according to a report quoting the head of the crypto industry organization in the Russian Federation. The coin could be accepted…

Digital Currency Group halts dividends in an effort to preserve liquidity

Venture capital firm Digital Currency Group (DCG) has told shareholders it is halting its quarterly dividend payments until further notice as it attempts to preserve liquidity. According to the letter sent to shareholders on Jan. 17, the firm is focused on “strengthening our balance sheet by reducing operating expenses and preserving liquidity.” Its financial issues are derived from the woes of its subsidiary, crypto broker Genesis Global Trading, which reportedly owes creditors more than $3 billion and DCG is also considering selling some of the assets within its portfolio. Customers are…

Orbeon Protocol (ORBN) Will Be A Great Alternative To Cosmos (ATOM) And XRP (XRP)

Place/Date: – January 18th, 2023 at 5:18 am UTC · 3 min read Source: Orbeon Protocol Many cryptocurrency investors are incurring losses as the volatile 2022 year has ended due to their assets like XRP (XRP) losing value. But not everything is as disastrous as it appears. One crypto project, which is in stage 1 of its public presale, has been thought of as the cryptocurrency savior. That project is the Orbeon Protocol! Orbeon Protocol (ORBN) Using the Orbeon Protocol (ORBN) platform, established companies and startups can acquire capital more…