A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes
The situation is further disrupting the economics of a sector already hit by low crypto prices and high energy costs.
The situation is further disrupting the economics of a sector already hit by low crypto prices and high energy costs.
Thursday’s ludicrous price action across asset markets shows just how weird things can get when the Federal Reserve is driving the bus.
The “know your customer” and anti-money laundering system has evolved to become an excessive constraint on financial access and a dangerous imposition on liberty and privacy – even if the original security intent was reasonable.
La empresa es la última en unirse al creciente grupo de prestamistas alternativos que buscan inyectar capital en la golpeada industria de la minería.
The initial offer appeared to have been rejected.
Los rendimientos del Tesoro de Estados Unidos continúan siendo elevados luego de la publicación de los datos del CPI, algo que ofrecería una prueba de realidad para los activos de riesgo, incluyendo las criptomonedas.
Thomas Klocanas talks DeFi, equity stakes and investing in a bear market
The initiative has already cranked out five Lightning-related projects on GitHub.
A brief overview of smart contract platform use cases and the potential for investment.
Previously, Paul worked as the fintech lead at New Zealand’s Financial Markets Authority.
The European Commission last week boosted restrictions on providing financial services to Russians.
Kwarteng’s departure leaves the future of the country’s stablecoin laws uncertain.
The head of crypto exchange FTX is a political mega-donor and had earlier said he might donate up to $1 billion in the 2024 U.S. presidential election.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 14, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
A 15-year-old crypto hacker that swindled crypto investor Michael Terpin out of millions has agreed to pay $22 million to the victim, according to a court filing in the Southern District of New York.
Stronghold, which is currently restructuring its debt, can save up to $27.6 million in the next two years by ending its partnership with Northern Data.
The global securities standard-setter is worried about the rise of misleading financial advice on social media, including for crypto
Treasury yields remain elevated after the U.S. CPI, offering a reality check to risk assets, including cryptocurrencies.
The government wants to mirror planned changes to the Economic Crime and Transparency bill to enable authorities to swiftly seize crypto assets linked to terrorist activities.
The proposal passed with nearly 100% of all votes agreeing to deploy Uniswap on zkSync, with over 72 million UNI staked by users.
Law firm Roche Freedman was removed even after its controversial founder Kyle Roche filed to withdraw from the case.
Crypto exchange Kraken has appointed Gemini’s former UK chief Blair Halliday as its new UK managing director.
Binance Pool is the latest entity to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.
Michael Wu says that bitcoin offers “a better form” of storing value than any previous type of asset and that ether provides great value as a “tech infrastructure investment.”
Crypto brokerage services provider NYDIG laid off over 100 people in the past few weeks, or about a third of its staff.
Twitter critics accused Maren Altman, who has more than 1.8 million social media followers, of not being forthcoming about her deal with the now bankrupt crypto lender, but the influencer says her marketing sponsorship role was no different than doing fashion ads for the company.
The Consumer Price Index inflation data arrived higher than expected, and markets responded in roller-coaster fashion before settling down. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.