Tag: News

CEO of crypto news site The Block resigns for failing to disclose $27M loans from Alameda Research

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Bobby Moran of crypto news website the Block has announced he will be assuming the position of chief executive officer following the resignation of Mike McCaffrey, who reportedly financed the platform through loans from Sam Bankman-Fried’s Alameda Research.  In a Dec. 9 announcement, Moran said McCaffrey had made an executive decision to restructure The Block in 2021 which involved a series of loans totaling $27 million from Alameda Research, a hedge fund part of former CEO Bankman-Fried’s FTX Group. According to Moran, the former CEO of The Block failed to…

Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’ – Bitcoin News

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Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and the firm is offering “zero fees” to swap these two tokens. Coinbase Offers Users Zero Fees to Switch From Tether to Usd Coin, Crypto Community Questions Motive On Thursday, Dec. 8, 2022, Coinbase shared a new blog post and tweeted…

ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary Wrapper – Sponsored Bitcoin News

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sponsored Dubai, December 9th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today launches their new ZOGI token on Cronos, BNB Chain & Ethereum. The ZOGI token is a wrapped version of the primary BEZOGE token optimized for the Zogi Labs decentralized ecosystem. From day one of launch, ZOGI will be available on Cronos, BNB Chain & Ethereum, rapidly boosting the exposure of the token which can now be wrapped and moved between…

MATIC, QNT Move Higher on Friday, as Cryptos Rebound – Market Updates Bitcoin News

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Polygon was a notable gainer on Friday, as cryptocurrencies moved higher following a turbulent week of trading. The global crypto market cap is 2.28% higher as of writing, as markets prepared for the release of U.S. consumer sentiment data. Quant was another big mover, as prices surged for a second straight day. Polygon (MATIC) Polygon (MATIC) was a notable mover on Friday, as the token surged to its highest point since Monday. Following a low of $0.9062 on Thursday, MATIC/USD raced to an intraday peak of $0.9324 earlier today. As…

Over the Last Year, Bitcoin’s Market Cap Slid From the World’s 8th Most Valuable Asset to the 26th Position – Markets and Prices Bitcoin News

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In Nov. 2021, bitcoin’s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset’s market capitalization has dropped down to the 26th largest position among the most valuable assets and companies worldwide. Bitcoin’s Market Cap Is Just Below Chevron’s and Just Above the Home Depot’s Market Valuations Just over a year ago in…

BTC, ETH Rebound on Friday, Following Volatile Week of Trading – Bitcoin News

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Bitcoin was back in the green on Friday, with prices once again moving above the $17,000 level. Cryptocurrencies were mostly higher in today’s session, as prices rebounded from recent losses. Ethereum also surged earlier in the day, climbing closer to the $1,300 level. Bitcoin Bitcoin (BTC) climbed higher in today’s session, with the coin surging back above the $17,000 level. Following a low of $16,788.78 on Thursday, BTC/USD raced to an intraday high of $17,274.60 earlier in the day. The move saw bitcoin rally beyond its resistance level at $17,200,…

Brussels Wants All Crypto Service Providers to Report Transactions of Europeans – Taxes Bitcoin News

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The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU to Consider New Reporting Requirements for Crypto Platforms Serving European Users The executive power in Brussels intends to push through new “tax transparency rules” for the crypto industry. The proposal announced on Thursday concerns all service providers facilitating transactions in crypto assets for…

SILK Is Now Available for Trading on LBank Exchange – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Dec. 9, 2022 – LBank Exchange, a global digital asset trading platform, has listed SILK on December 9, 2022. For all users of LBank Exchange, the SILK/USDT trading pair is now officially available for trading. As the first web3 esports with earnings, Spider Tanks enables players to earn for their play through its complex and brilliantly designed reward economy. Its native token SILK has been listed on LBank Exchange at 13:00 UTC on December 9, 2022, to further expand its global reach and…

Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm – Mining Bitcoin News

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Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into other African countries. Using Revenue Generated From BTC Sales to Subsidize the Cost of Power A Jack Dorsey-owned digital payments firm, Block, and Stillmark, a bitcoin-focused venture firm, are reported to have led a $2 million seed investment in African crypto mining company Gridless.…

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions – Bitcoin News

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On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains the grid” and the industry “undermines U.S. climate goals.” 3 U.S. Bureaucrats Believe Crypto Miners Need to Report Carbon Emissions and Environmental Assessments Senators Ed Markey (D-MA), Jeff Merkley (D-ORE), and Jared Huffman (D-CA) have introduced a bill that would require “an interagency study on the environmental and energy impacts of crypto asset mining.” Markey’s press…