But if you’re an original crypto enthusiast who comes from the early Wild West days when crypto was too complex for governments, central banks and corporate behemoths to understand, then you probably won’t recognize what crypto becomes over the next few decades. When all your taxes are collected automatically, physical cash is illegal, and everyone […]
Block Inc., formerly known as Square, made modest bitcoin investments totaling $220 million during 2020 and 2021. Since then it has recorded impairment losses of $77 million, leaving a carrying value of $148 million. That’s not a big bitcoin investment commitment compared with MicroStrategy. However, fee revenue for facilitating crypto purchases and sales represents 59% […]
The Central Asian country has struggled to meet electricity demand, particularly after miners flocked there from China.
Bitcoin, the top cryptocurrency by market value, dropped under the average in late December. A week later, ether, the second largest, and play-to-earn game Axie Infinity’s AXS coin followed suit. Heavyweights from other sub-sectors like UNI, LINK, XMR, AAVE, PERP and YFI also fell below their 200-day MAs early this year.
The announcement highlights the policy split with the Bank of Russia, which opposes regulation and would rather see cryptocurrency trading and mining banned. The central bank, which has been pushing forward the pilot of its central bank digital currency, the digital ruble, has suggested punishing crypto trading and issuance with fines up to 500,000 rubles […]
Italy has published new anti-money laundering (AML) rules for crypto firms in Italy’s formal journal of record, indicating the rules are ready to take effect.
Diamond’s SPAC Concord is now valuing stablecoin issuer Circle at $9 billion, twice the initial valuation.
I wouldn’t know anything about that, though, because I have a glorious badge, better than the general public’s wristbands. Having a badge means breezing right past those long lines. This isn’t uncommon at conferences, but it’s uniquely structured at ETHDenver. For most conferences, you pay a lot more money to get a higher-access badge. While […]
Crypto Miner BIT Mining Ditches Data Center Build in Kazakhstan Due to Unstable Power Supply