Category: Latest news

[ad_1] British Columbia, Canada, will deny electricity to new crypto mining firms, according to a press release published by the provincial government on Dec. 21. BC Hydro, a government-owned company, and the province’s only electricity service, will be responsible for denying services to those applicants. Energy minister Josie Osborne criticized the practice of mining, stating:…

[ad_1] The GMX token is only down -23% since reaching its all-time high on Jan. 16, making it the best-performing cryptocurrency (excluding stablecoins) in this bear market. What is GMX? GMX is the utility and governance token of the decentralized GMX spot and perpetual exchange. As a DEX, trading on GMX is supported by multi-asset…

[ad_1] Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 4 days ago [ad_2] Source link

[ad_1] The Bahamas government has announced that former FTX CEO Sam Bankman-Fried will travel to the U.S. tonight, Dec. 21. A document from the Office of the Attorney General of the Bahamas confirmed Bankman-Fried’s departure from the island country. It added that the U.S. has requested a provisional arrest warrant for Bankman-Fried “in anticipation of…

[ad_1] Jump Crypto (JC) released a research article on Dec. 21 analyzing Proof of Solvency (PoS) vulnerabilities and how PoS works in theory — but fails in practice. In the article, the research-driven quantitative trading firm state: “For proof of solvency mechanisms to prevent an exchange from misappropriating consumer deposits, consumers must check that their…

[ad_1] Silvergate CEO Alan Lane has denied allegations of nepotism before U.S. senators, according to a report from The Wall Street Journal on Dec. 21. Last month, on Nov.7, Silvergate Capital announced two changes to executive positions within the company. Unfortunately, it neglected to mention at that time that Lane’s son-in-law, Tyler Pearson, would be…

[ad_1] Founded amid the 2018 bear market, Wintermute rose from a small trading firm with less than $1 million in revenue to a crypto behemoth that traded $1.5 billion in volume last year. The company’s road to riches was paved with careful trading strategies, wide spreads, and thin margins – with just a little luck…

[ad_1] Bitcoin miner Northern Data, based out of Germany,  anticipates revenue of €190-194 million ($201.4 million to $205.64 million) for the year 2022. Information has been made public by Aroosh Thillainathan, CEO of Northern Data, in a shareholders letter on Dec. 21.  At the midpoint range, the expected revenue exceeded the previous year’s €189.9 million…

[ad_1] FTX founder Sam Bankman-Fried should be handed over to US authorities today, Dec. 21, as reports surfaced that he has agreed to the extradition. According to an affidavit, the former CEO of FTX consented to be extradited partly in the interest of making his customers whole. Jerone Roberts, SBF’s attorney, requested immediate extradition which…

[ad_1] India’s Central Bank Governor Shaktikanta Das said private crypto assets like Bitcoin (BTC) could cause the next financial crisis and should be banned as they carry “huge inherent risk,” CNBC reported on Dec. 21. Das said cryptocurrencies have “huge inherent risks” that could endanger financial stability. He added that crypto-assets should be banned because…