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The coordinated legal push resembles BlockFi's legal battle, which ended in a $100 million fine and pledges to register as a security. Steve Ehrlich, co-founder and CEO of Voyager (YouTube) Securities regulators in at least seven U.S. states are scrutinizing Canadian crypto investments firm Voyager Digital over its offering of interest-bearing crypto accounts, Director of the Alabama Securities Commission Joseph...
The largest cryptocurrency by market capitalization has risen six consecutive days and gained over 12% since last Sunday upon a broader asset rally and Luna BTC buys. BTC increase since March 20 (TradingView) Bitcoin briefly blew past its 2022 yearly breakeven point of $47,201, reaching as high as $47,524 before settling back in the $46,850 range by early afternoon Asia...
The Texas city will investigate the feasibility of adopting âbitcoin or other cryptocurrenciesâ with a study due in mid-June. Austin city council (courtesy Sam Padilla) Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL. Austin, Texas took a step toward bitcoin adoption Thursday as city councilors greenlit a plan to investigate the feasibility of accepting tax payments...
Interest rate hikes could drive down crypto, especially because of its strong correlation with traditional financial markets, analysts say. Jerome Powell speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, D.C., on March 21, 2022. (Valerie Plesch/Bloomberg via Getty Images) Itâs been almost a week since the U.S. Federal Reserveannouncedthat it would raise interest rates...
The decrease is likely a result of miners unplugging their machines due to high energy costs, said Compass Mining CEO Whitt Gibbs. The difficulty of mining a bitcoin (BTC) block dropped 0.35% on Thursday, the second time this month, after a consistent climb since November. On March 3, mining difficulty dropped 1.5%, data from information platform Glassnode shows. The difficulty...
The letter of intent was signed by both parties on March 3 and already approved by the Chamber of Deputies. Buenos Aires, Argentina (Sander Crombach/Unsplash) The Argentine Senate will be voting on a letter of intent the country struck earlier this month with the International Monetary Fund (IMF) that includes a provision discouraging the use of cryptocurrencies. The agreement would...
Projects like Filecoin Green and Zero Labs see cryptoâs opportunity to drive major demand for renewable energy, while using blockchain tech to measure greener grids. But will big miners bite? (Getty Images) Much ink has been spilled on cryptocurrencyâs carbon footprint, asMondayâs deliberations in the European Parliament on proof-of-work (PoW) mining demonstrated. While the âEU bitcoin banâ did not come...
Still, people familiar with the matter said a slim majority of parliamentarians could defeat a controversial new MiCA provision that seeks to force proof-of-work cryptocurrencies to shift to more energy-friendly consensus mechanisms. EU parliament plans to vote on a controversial provision that seeks to limit the use of proof-of-work crypto mining. (Walter Zerla/Getty Images) A proposed rule that could effectively...
Federal agencies will evaluate their approach in six âkey prioritiesâ within the digital asset sector. U.S. President Joe Biden signed a first-of-its-kind executive order on crypto regulation Wednesday, calling for federal agencies to coordinate their ongoing work in evaluating digital assets and cryptocurrency regulation. (Anna Moneymaker/Getty Images) U.S. President Joe Biden signed a first-of-its-kind executive order on cryptocurrencies on Wednesday,...
"Money" will never be the same again after the Ukraine war, writes Zoltan Pozsar, and bitcoin may be a beneficiary. Coin depicting Julius Ceasar, 42 BCE (Art Institute of Chicago, modified by CoinDesk) Former Federal Reserve and U.S. Treasury Department official, and now Credit Suisse (CS) short-term rate strategist, Zoltan Pozsar has written the U.S. is in a commodity crisis...