Solana is one of the safe havens in the crypto market right now. While all other altcoins are in the red zone, SOL is among the few maintaining profitability levels, which could be attributed to the potential of the newly launchedSource: TradingView Solana’s largest decline was in May when the token went to trading at …
Continue reading “Solana Price Up 13.4% to $30.48 – Where to Buy SOL”
Billionaire and hedge fund legend Steve Cohen says that he’s officially “fully converted” to crypto and does not want to miss out on an asset class that he thinks has tremendous potential. In an interview with Jawad Mian, who is the founder of Stray Reflections, an independent global macro research firm, Cohen, who heads Point72 …
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has warned consumers against 111 crypto companies that are yet to register with the FCA. Since Jan. 10, all U.K.-based crypto firms have had to comply with Anti-Money Laundering and Counter-Terrorist Financing laws, as well as to register with the FCA in order to operate …
Continue reading “UK regulator warns against 111 unregistered crypto companies… and FOMO”
Crypto-custody firm Fireblocks is facing legal action by a firm that claims it was locked out of its wallet containing a substantial amount in crypto assets. Crypto staking platform StakeHound claims that negligence by a Fireblocks employee resulted in tens of millions of dollars worth of crypto assets being lost without any backup available. Fireblocks …
Continue reading “Fireblocks faces lawsuit over deleted keys to $72M Ether wallet”
Crypto-powered web browser Brave has branched out into the world of search with a new privacy-protecting beta search engine. The platform aims to take on the likes of Google, which harvests personal data and browsing habits while serving up targeted ads and tailored search results. But it faces an uphill battle against the tech giant …
Continue reading “Brave takes aim at Google with privacy-protecting search engine beta”
Bitcoin (BTC) and other cryptocurrencies bought from exchanges outside the country could cost Indian investors additional tax, while the tax department is looking into whether crypto falls subject to the 2% equalization levy, reported the Economic Times. Google tax Services provided in India by overseas e-commerce companies are subject to the equalization levy, also colloquially …
Continue reading “Indians could be charged an extra 2% tax on Bitcoin and crypto ‘purchased abroad’”
Input Output Global CEO Charles Hoskinson said in a recent ask-me-anything (AMA) Tether relies on faith, rather than impartial systems, making it counter to cryptocurrency ideals. He added that as much as regulation gets a bad rap, without it, there would be no checks on companies who make particular claims. With USDT liquidity supporting significant …
Continue reading “Cardano’s Charles Hoskinson says Tether is a “faith based” crypto”
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused …
Continue reading “Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million”
The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John Karamuka, this study will be looking at economic, financial, and …
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto Company Conduct Successful CBDC …
Continue reading “Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC”
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital currencies could reduce transaction costs and allow more economic activities in emerging …
Bitcoin is poised to post its worst-performing quarter since the start of the 2018 bear trend. The current quarter is also on track to be the second-worst on record for BTC ine almost eight years since the start of 2014. According to crypto data aggregator, Skew, Bitcoin is currently down nearly 46% for the quarter, …
Continue reading “Bitcoin heading for worst quarter since start of 2018 bear market”
One of the hedge funds badly burned in the infamous GME social media driven short squeeze is closing down, while GameStop itself has just completed its $1.13 billion equity offering. According the Financial Times, London-based White Square Capital operated by Florian Kronawitter has closed its main fund and will return capital to investors. White Square …
Continue reading “Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes”
The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million. According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a large-scale hydropower plant” that is then …
Continue reading “US miner raises $105M to recycle waste coal into crypto”
After investing $20 in the crypto markets, one crypto trader just woke up to a one-trillion dollar fortune in his Coinbase account. Chris Williamson, a nurse from Georgia, says he invested $20 in Rocket Bunny (BUNNY) cryptocurrency on Coinbase last week. After the trade, his portfolio balance soon skyrocketed to a staggering $1,184,154,683,482. ADVERTISEMENT On …
