Millions of dollars in cryptocurrency stolen late Wednesday from accounts on crypto platform Wormhole have been returned to users, the firm’s leaders said. Wormhole is a decentralized finance, or DeFi, platform that allows users to swap solana directly for other cryptocurrencies on decentralized apps, or dApps, across the ethereum crypto network, […]
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A crypto breakthrough? Western states consider taking digital currency
The Wyoming effort also offers a window into some of the forces vying to shape the future of digital money: namely, big retailers and veterans of the commercial banking industry. “We are looking for alternative currencies to compete with the U.S. dollar,” said Zhou Xiaomeng of American CryptoFed, a group […]
Why Jack Dorsey’s Opinion on Bitcoin Scares Me
Block (NYSE:SQ) Chief Executive Officer Jack Dorsey is a Bitcoin (CRYPTO:BTC) extremist. I know extremist is kind of a charged word. I don’t necessarily mean it in a negative way. Many people are extremists. I like extreme sports. If I’m playing poker, I love to say, “I’m all-in.” That’s an extreme […]
The SEC Introduces A ‘Trojan Horse’ Crypto Regulation As The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP Rebounds
Bitcoin and other cryptocurrencies are wrapping up the lackluster week on a high note. Today the bitcoin price rose 3.2%. Ethereum’s price jumped 8%. BNB leapt 3.8%, cardano 2.8%, XRP 2.7%, and solana 8.5%. Meanwhile, SEC watchdogs are plotting to ambush crypto markets with a “Trojan Horse” regulation. Last week, […]
Crypto billionaire Novogratz’s firm takes on green crypto mining
Galaxy Digital, the cryptocurrency investment management firm owned by financier Michael Novogratz, has launched an ESG program focused on employing responsible environmental practices in bitcoin mining. The financial technology manager said it will actively seek to improve its environmental and carbon footprint. Galaxy Digital’s initiative is an extension of the […]
Winter storm descends on Texas, bitcoin miners shut off to protect ERCOT
As a major winter storm descends on Texas, crypto miners are powering down operations to help ease the burden on the state’s already beleaguered power grid. The chief concern is that we might see a repeat of February 2021, when a deep freeze devastated large swaths of the state, leaving […]
President Joe Biden Is Going After Bitcoin, Other Cryptocurrencies And NFTs
While bitcoin and other coins aren’t yet considered securities, the regulators will dig into finding … [+] out if there are instances of money laundering, pump-and-dump schemes, shady business practices, wash sales and market manipulations. This would be a complete game changer if Biden’s administration goes full throttle on this […]
Putin Says Russia Has a “Competitive Advantage” in Crypto Mining
Russian President Vladimir Putin has a point to rethink the recent crypto ban proposed by the country’s central bank. Speaking at a video conference with government ministers on Wednesday, he said that there are “competitive advantages” in crypto mining. Given the surplus amount of electricity in Russia, coupled with “well-trained” […]