Crypto Lobby Group CCI Expands Its Reach by Absorbing Proof of Stake Alliance

Alison Mangiero, POSA’s executive director, will remain at the helm of the project as it comes under the CCI umbrella, according to a Wednesday statement from the groups in which Mangiero called it a “pivotal step forward.” The staking industry alliance, whose members include crypto-oriented firms such as Andreessen Horowitz, Ava Labs and Paradigm, had been advocating for proof-of-stake ecosystems, an approach that includes Ethereum (ETH) and Cardano (ADA). Source

Russia to ban Bitcoin mining in key regions due to electricity deficit

Cryptocurrency mining will soon be banned in certain regions of Russia due to electricity shortages, per Deputy Energy Minister Evgeny Grabchak. Russia will soon prohibit Bitcoin (BTC) mining in several regions due to a critical electricity shortage, Russia’s state news agency TASS reports, citing Deputy Energy Minister Evgeny Grabchak. Speaking at a tech forum, he said that areas such as the Far East, southwestern Siberia, and the South are currently experiencing significant energy deficits, making it impossible to provide large power capacities until at least 2030. The statement follows Vladimir…

Bitcoin Needs Daily Close Above $76,000 To Confirm True Breakout: Analyst

Este artículo también está disponible en español. Bitcoin (BTC) is closing in on its all-time high (ATH), bringing excitement among bulls. However, seasoned analyst Peter Brandt advises caution, urging bulls to stay excited yet avoid becoming dogmatic. Bitcoin Breakout Yet To Be Confirmed After a lackluster start to October – a historically bullish month for Bitcoin – the digital asset is exchanging hands at $71,789, just about 3% shy of its March 2024 ATH of $73,737.  Related Reading While the prospect of a new ATH has the crypto market on…

Riot stocks poised for a comeback ahead of Oct. 30 earnings release

Bitcoin mining company Riot stocks are predicted to make a comeback after experiencing a 28.96% decline in year-to-date. Its shares are on an upward trend in anticipation of the company’s Q3 2024 earnings report on Oct. 30. According to data from Trading View, Riot’s stocks are on the rise at nearly 3% in the past day. The Bitcoin (BTC) mining company is expected to release its third quarter 2024 earnings on Oct. 30 after markets close at 4:00 PM EST. Riot Platform’s shares have been experiencing a year-to-date decline of…

Bitcoin miner Northern Data cleared as ex-employees withdraw whistleblower claims

A lawsuit against Bitcoin miner Northern Data was dismissed after ex-employees retracted key allegations, acknowledging potential misstatements in their claims. Bitcoin (BTC) miner Northern Data saw a lawsuit from two former executives dismissed after they retracted allegations of wrongful termination and whistleblower retaliation, acknowledging potential misunderstandings in their initial claims. The suit, filed by former chief operating officer Joshua Porter and former chief financial officer Gulsen Kama, initially claimed wrongful termination and whistleblower retaliation, alleging the firm engaged in questionable financial practices, including tax evasion and misleading investors about its…

Florida CFO wants state pension fund to invest in Bitcoin

Florida chief financial officer, Jimmy Patronis, is requesting the State Board of Administration to consider including Bitcoin in Florida’s state pension funds. On Oct. 29, Patronis sent a letter addressed to Florida State Board of Administration executive director, Chris Spencer, asking the agency that manages Florida’s pension funds to consider adding Bitcoin to their portfolios. In Patronis’ letter, he explains that Bitcoin(BTC) is often dubbed “digital gold” which he believes could serve to diversify the state’s portfolio and provide a secure hedge against the volatility of traditional assets. Patronis also…

PEPE becomes first meme coin to officially enter Japan’s market

Pepe has become the first meme coin to be officially listed on a Japanese cryptocurrency exchange. According to a report by CryptoX Japan, BITPoint Japan, a centralized crypto exchange launched in 2016 and licensed by the country’s Financial Services Agency, listed Pepe (PEPE) today. BITPoint will offer spot trading, lending and savings services for the third-largest meme coin by market cap—currently at $4 billion with a max supply of 420.69T PEPE. The Japanese exchange will also run two campaigns. Firstly, 10 BITPoint users who purchase at least 10,000 yen worth…