Tag: News

Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG – Mining Bitcoin News

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The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity, and Greenidge further entered into a hosting deal with NYDIG for the same 2.8 EH/s. Greenidge Generation Enters Into a Deal With NYDIG, Board Is Actively Discussing the ‘Potential for, and Timing of, a Voluntary Bankruptcy Filing’ Bitcoin miners have been hammered by financial problems in 2022 as the…

FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume – Altcoins Bitcoin News

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Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per unit area up until Dec. 19, as the token suddenly crashed below the $1 region during the mid-afternoon trading sessions, slipping to a low of $0.89 per FTT at 2:30 p.m. (ET). Bankrupt FTX’s Exchange Token FTT Drops Below the $1 Price Range Ftx token…

LTC Snaps Extended Bear Run, as LINK Hits 4-Day High – Market Updates Bitcoin News

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Litecoin snapped a recent bear run on Tuesday, as cryptocurrency prices moved marginally higher. The token was up by nearly 3% in today’s session, ending a six-day losing streak in the process. Chainlink was also in the green, as it rebounded from a key support point. Litecoin (LTC) Litecoin (LTC) snapped a six-day losing streak on Tuesday, as prices rose by as much as 3%. LTC/USD moved away from a one-month low of $61.00, hitting a high of $65.60 earlier in today’s session. The move came as bullish pressure intensified…

Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25% – Economics Bitcoin News

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The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers have kept the government bond yield rate close to zero since 2016. Japanese Central Bank Lifts Rates for the First Time in 6 Years During the last two months, there’s been a lot of discussion…

ETH Back Above $1,200 as Bank of Japan Policy Decision Impacts Markets – Market Updates Bitcoin News

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Ethereum rose back above the $1,200 level on Tuesday, as the dollar rebounded following the latest Bank of Japan (BOJ) policy decision. The bank adjusted its yield curve control, which increased its cap on the 10-year government bond, allowing moves of up to 50 basis points (bps), up from 25 bps. Bitcoin also rose on the news, climbing closer to $17,000 Bitcoin Bitcoin (BTC) moved closer to the $17,000 level on Tuesday, as traders reacted to the latest Bank of Japan policy decision. BTC/USD surged to a peak of $16,837.65…

Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto – Regulation Bitcoin News

Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central Bank of Nigeria (CBN) is not well positioned to regulate cryptocurrencies. The CBN and SEC Feud The Nigerian House of Representatives is expected to pass a bill that seeks to give the country’s securities regulator the right to designate cryptocurrency as capital for investment, a…

Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs – Metaverse Bitcoin News

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Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company is still committed to its metaverse pivot. Meta to Continue Pushing Metaverse and VR in 2023 Meta, the social metaverse company, is planning to continue to develop metaverse and VR-related projects during 2023. In an article written on Dec. 19, Andrew Bosworth,…

‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court as Bahamian, US Legal Team Prep for Extradition – Bitcoin News

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FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with his U.S. legal team. Furthermore, courtroom reports noted that SBF dozed off for an extended period of time and had to be shaken awake by an official. SBF’s Day in Court After Close to a Week in Fox Hill Prison Doesn’t Go so Smoothly According to a number of reports on Monday, Sam Bankman-Fried (SBF) was transferred back to Fox…

Meta VR Consultant John Carmack Leaves Company; Criticizes Inefficiencies of VR and Metaverse Projects – Metaverse Bitcoin News

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John Carmack, the founder of renowned company ID Software and executive consultant on VR for Meta, has announced he is leaving Meta. Among the reasons for this departure, Carmack signals that there are inefficiencies and self-sabotage at Meta that have affected the work that the company is doing regarding its VR (virtual reality) and metaverse efforts. John Carmack Abandons Meta Meta (formerly Facebook), the social network and metaverse company, has lost one of its leading VR consultants. John Carmack, a founder of ID Software, creators of the Doom franchise of…

Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges – Regulation Bitcoin News

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The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage,” said the minister of state in the Ministry of Finance. Indian Government Answers Questions About Crypto Bill and Regulation The Indian government answered two sets of questions about cryptocurrency and its regulation Monday by various members of Lok Sabha, the lower house of India’s parliament. Parliament member Bhartruhari Mahtab asked…