Tag: Digital

Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022 – Mining Bitcoin News

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This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the pace” of the bitcoin mining company’s U.S. expansion. Genesis Digital Assets U.S. Expansion Gathers 708 MW of Power On Wednesday, Genesis Digital Assets revealed it has acquired 708 MW of capacity as the firm’s U.S. expansion continues. Presently, Genesis mines bitcoin in…

Zero Hash to Become a Digital Currency Exchange Provider in Australia

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Zero Hash Holdings, a digital asset services firm that enables neo-banks, broker-dealers and payment groups to offer digital asset offerings, has successfully registered to be a Digital Currency Exchange provider (DCE) in Australia. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The registration was granted by the Australian Transaction Reports and Analysis Center (AUSTRAC), the Australian government financial intelligence agency. Zero Hash completed the registration under Zero Hash Australia Pty Limited, its…

Reinventing yourself in the Metaverse through digital identity

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The Metaverse has become one of the biggest buzzwords of the year as a number of brands, companies and even countries begin to explore virtual worlds to conduct business. Even though Metaverse development is still underway, a recent report from the technology research and advisory firm Technavio found that the Metaverse will hit a market share value of $50.37 billion by the year 2026.  Another report predicts that the growth of the Metaverse will be driven by e-commerce, which is expected to reach a market share of $60.47 billion by the…

Genesis Digital Locks In 708 MW of Energy for Bitcoin Mining

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Voyager Digital reportedly had deep ties with SBF-owned Alameda Research

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Voyager Digital, the crypto lending firm that went bust due to the crypto contagion initiated by Three Arrow Capital’s (3AC) insolvency is currently fighting its bankruptcy court battle. The court proceedings and financial documents have shown a deep relation between the crypto lending firm and Sam Bankman Fried-owned Alameda Research. Alameda is a quantitative trading firm that was also one of many borrowers from Voyager and reportedly owed $370 million. However, within weeks of 3AC’s downfall, Alameda moved from a borrower to a lender and offered a $500 million bailout…

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News

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The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital Currency Program The Reserve Bank of Australia (RBA) announced the launch of a research program to explore the benefits of issuing a central bank digital currency (CBDC) for the country’s economy. The project, expected to take about a year, will be realized together with the Digital…

Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets – Regulation Bitcoin News

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Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are not a legal means of payment for goods and services,” said the Thai finance minister. Thai Central Bank Will Help Regulate Crypto Industry Thailand is reportedly planning to amend its law on digital assets to tighten the oversight of the crypto…

Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY – Mining Bitcoin News

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Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year. The company revealed that even having increased its production by 8% when compared to Q2 2021, it recorded an impairment of $127.6 million on bitcoin holdings due to the fall of bitcoin prices in this period. Marathon Digital Registers Impairment of $127.6 Million Marathon Digital, one of the biggest public Bitcoin mining companies, has released its financial results from the Q2 2022 period.…

Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu

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Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized society. Speaking at Korean Blockchain Week 2022 (KBW), the Hong Kong entrepreneur noted that we’re all “digital dependents” and “data is the resource of metrics” that bring value to platforms like Apple, Google, and Facebook, Sui said: “The most powerful companies in the world today are not energy companies or resource companies, they’re tech companies and they’re not powerful because they make…