According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas. Massachusetts Senator Elizabeth Warren and a group of six other U.S. lawmakers have requested information from the head of the Electric Reliability Council of Texas, or ERCOT, on the energy usage and potential environmental …
Monthly archives: October 2022
NFTs create a more frictionless experience for collectors, says RTFKT co-founder
Cointelegraph spoke with Steven Vasilev, the co-founder of RTFKT to learn more about how NFCs and NFTs can be used together to create better user experiences. As brands focus on building new use cases during the bear market, a team has come up with combining nonfungible tokens (NFTs) and near-field communication (NFC) chips to enhance …
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Crypto.com invests $145M in new European headquarters
The Singapore-based crypto exchange announced Paris, France as its regional headquarters after receiving its French Digital Asset Service Provider license in September. Digital asset exchange Crypto.com has chosen Paris, France as the center for its European headquarters and has invested $145.7 million in the country to establish the new operations. The Singapore-based crypto exchange announced on …
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Bankman-Fried: Rescue market is drying up, and we’re all to blame for its existence
The crypto billionaire said he would look at Celsius, but he saw little left to rescue otherwise; the mess is the price of inaction on the part of regulators and the industry. FTX head Sam Bankman-Fried said that he will take a look at Celsius, but he does not see a lot more to do …
5 Next Cryptocurrency to Buy for 10x Returns – October 2022 Week 2
Although the crypto market is currently bearish, several coins have impressive fundamentals that could cause them to enjoy gains as soon as the market flips bullish. This article will examine the next cryptocurrency to buy this month for 10x returns. 1. Tamadoge (TAMA) TAMA is the top option among the next cryptocurrency to buy for …
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Grayscale Sues SEC Over $12 Billion Bitcoin Trust-ETF Decision
Summary: The opening brief by Grayscale in a lawsuit against the U.S. Securities and Exchange Commission called the regulator’s decision “capricious” and “discriminatory”. Gary Gensler’s federal agency rejected the digital asset manager’s application to convert its $12 billion Bitcoin spot trust into a Bitcoin exchange-traded fund. The switch in fund structure could help stem the …
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Popular Crypto Analyst: Ethereum Will Soon Start One Of The Biggest Bull Markets Run
Crypto analyst Moustache believes Ethereum could soon start one of the biggest bull market runs Moustache cited Ethereum’s price trajectory of 2016-2017 as an example, drawing comparisons on how Ethereum’s present price pattern is almost identical to its historical price data of 2016-2017 The recent bear phase of the crypto market has led several crypto …
Crypto.Com To Invest 150M In France and Establish Their Headquarters In Paris
Crypto.com, the largest cryptocurrency exchange platform in the world has announced it will set HQ in Paris. The company said it will invest 150M Euros in France to support its market operations. Crypto.Com received regulatory approval by the French market authority last month. Crypto.com, one of the largest cryptocurrency exchange platforms in the world, has …
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Crypto.com to invest €150M in France
Crypto exchange platform crypto.com announced it’ll invest €150 million in France to expand its operations and set up a new regional headquarters in Paris. The announcement states that the exchange is making a long-term commitment to France and intends to expand its talent pool by hiring local talent. With a local team, crypto.com will be …
Research: Whales selling at the 3rd most aggressive rate in BTC history
A look at the Bitcoin transactions and accumulation among various groups using the Accumulation Trend Score (ATS) shows that this is the third most aggressive dumping by Bitcoin (BTC) whales in history. The accumulation trend score is a metric that gauges the behavior of various Wallet cohorts. It measures the relative strength of accumulation for …
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Moon Mortgage lands $3.5M investment to provide crypto-collateralized mortgages
The CryptoMortgage product will take investors’ digital assets as collateral and provide them with 100% of the financing for properties in the U.S. 2 min read Updated: October 12, 2022 at 4:08 pm Cover art/illustration via CryptoSlate Investors and prospective home buyers will soon be able to take out crypto-backed mortgages to buy real estate …
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Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango (MNGO) which allowed them to borrow $117 …
Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher
Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing. Quant (QNT) Quant (QNT) …
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Finder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit
46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low as $963 per unit this year, and they also expect ethereum to …
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Higher Ahead of US Inflation Report
Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly consolidated ahead of the release, which many believe could trigger further action from the Federal Reserve Bank. Ethereum was also higher, as the token rose above $1,300. Bitcoin Following two consecutive days of declines, bitcoin (BTC) …