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Crypto firms eye the Middle East amid regulatory scrutiny from Singaporean officials. 3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk) NASSAU, BAHAMAS â Crypto trading and venture capital firm Three Arrows Capital is moving its headquarters from Singapore to Dubai, United Arab Emirates. The planned move comes as Three Arrows Capital organizes its first-ever fund that would take...
The bill will impose a two-year moratorium on new crypto mining firms that use a carbon-based energy source. Existing facilities aren't affected, nor are any that tap renewable resources. Cryptocurrency mining rigs sit on racks. (James MacDonald/Bloomberg via Getty Images) The New York Assembly passed a bill to block new crypto mining facilities using non-renewable energy sources from setting up...
The majority of traders expect fresh Bitcoin price losses after a difficult end to the week, data suggests. The majority of traders expect fresh Bitcoin price losses after a difficult end to the week, data suggests. Bitcoin (BTC) consolidated under $40,000 on April 23 as market expectations favored further losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewâExtreme fearâ accompanies Bitcoinâs...
Rep. Huffman and other congressional Democrats wrote the EPA chief on the potential harm to the climate and environment. U.S. Rep. Jared Huffman (D-Calif.), who leads a subcommittee within the House of Representativesâ Natural Resources Committee, has recruited almost two dozen Democratic colleagues to urge federal environmental officials to devote further scrutiny to the consequences of cryptocurrency mining. âWe have...
The Teucrium fund gained the SEC's nod under laws that may apply to spot ETFs. The SEC has so far rejected or postponed decisions on all applications for a spot bitcoin ETF. (Bloomberg via Getty Images) The U.S. Securities and Exchange Commissionâsapproval in early April of a bitcoin futures exchange-traded fund (ETF) from Teucriumbased on different laws has given hope...
The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk's bid to buy Twitter appears to be fizzling out as DOGE closes the week over 8%. DOGE's price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, raised its potential to trigger a classic bearish reversal pattern...
The holding company for Mercado Bitcoin, which is in talks to be acquired by Coinbase, is partnering with local player Giant Steps. 2TM, the holding company for Mercado Bitcoin, Brazil's largest crypto exchange by market valuation, plans to launch a crypto asset manager focused on quantitative trading, the company confirmed to Brazilian financial media outlet InfoMoney on Thursday. 2TM expects...
Griffith previously pleaded guilty to one count of conspiracy to violate international sanctions for giving a talk at a crypto conference in Pyongyang in 2019. Former Ethereum developer Virgil Griffith pleaded guilty to one count of conspiracy to violate international sanctions. (CoinDesk archives) Former Ethereum developer Virgil Griffith will serve 63 months in prison and pay a $100,000 fine for...
The article, the second deep dive into crypto by the Times in the last month, highlights mainstream media's increased coverage of the space. Crypto executives and lobbyists, in the absence of federal regulations, are working with state lawmakers across the country to craft favorable legislation, the New York Timesreported. Many states, eager to attract the jobs they think the industry...
In a pair of announcements from the Bitcoin 2022 conference in Miami, the trading app flexed its crypto chops. But check the fine print. MIAMI â Robinhood Markets (HOOD) said Thursday it has activated its crypto wallet for 2 million âeligibleâ customers, making digital asset transfers broadly possible in the long-firewalled investments app. Chief Product Officer Aparna Chennapragada made the...
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