Monthly Archives: May 2022

The Future Of Energy Markets According To Bitcoin Miners

Bitcoin 2022 offered us a glimpse into bitcoin miners’ crystal ball, as they discussed how the industry will impact the energy grid. Most of the conversations about Bitcoin infrastructure for the past two years have focused on the mining sector’s increasing convergence with traditional energy generators and power companies. At the Bitcoin 2022 conference, a panel hosted by this author discussed this trend and what mining’s continued growth means for electric grids and energy markets. Beyond discussing how a grid works and demystifying some basic information about […]

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‘Regulations are in place to help crypto businesses understand operations,’ says The Bahamas PM Philip Davis

The Bahamas Prime Minister Philip Davis shared his plans to welcome crypto businesses to the region during SALT’s Crypto Bahamas. The Bahamas Prime Minister Philip Davis told Cointelegraph that the region has a regulatory regime in place that will enable crypto businesses to operate within its jurisdiction. During an interview at SALT’s Crypto Bahamas conference, Davis shared that The Bahamas recently published a white paper framework that will allow crypto businesses to “grow and prosper,” while letting companies understand the region’s expectations. He added: “The policy also […]

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Will Polkadot (DOT) price reverse course now that cross-chain messaging is live?

DOT price could find reason to rally now that cross-chain messaging on Polkadot brings new interoperability, liquid staking and options to mint aUSD stablecoin. Development within the Polkadot (DOT) ecosystem has been slowly unfolding over the past year and a half, and the work put in by developers is finally starting to bear fruit as parachain auctions finish and the first chains launch on the mainnet.  The next phase of interoperability within the ecosystem is set to kick off now that cross-chain functionality is about to go […]

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Klein Finance Announced the Completion of a Funding Round With Participation From KCC Chain and KuCoin-Ventures

PRESS RELEASE. Klein Finance, a stablecoin liquidity provider and exchange platform built on KCC (Kucoin Community Chain), announced the opening of its funding program. It has already received a multi-million dollars investment from KuCoin Ventures and KCC chain. Klein Finance is an efficient decentralized trading platform for digital assets built on KCC (Kucoin Community Chain), which aims to enable digital assets to be traded and staked for rewards in a secure and stable on-chain environment with low slippage, good depth, and low fees. 1. Klein Finance’s mixed […]

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Grayscale’s GBTC and ETHE products now available on Robinhood

The discount brokerage has seen a steep decline in crypto-related revenue over the past 12 months as retail traders exited the market. Digital asset manager Grayscale has made its flagship Bitcoin (BTC) and Ether (ETH) products available on Robinhood, the popular trading app open to millions of retail users.  Beginning on Friday, Robinhood users will be able to trade Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) directly through the app. Shares of GBTC provide investors with direct exposure to Bitcoin in the form of a security […]

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Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic Uncertainty Before the U.S. central bank’s rate hike, the U.S. dollar tapped a two-year high and a 20-year high against the Japanese yen last week. Economic concerns are tied to the ongoing and […]

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Controlling 17% of BTC hash rate: Report on publicly listed mining firms

Mining firm Core Scientific’s hash rate leads all public companies with 8.3 EH/s, and it mined 5,769 BTC in 2021. The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library. The latest paper looks at a particular group of players in the Bitcoin (BTC) mining industry. Published by crypto consulting firm Crypto Oxygen, the report highlights the current landscape of publicly listed crypto mining companies that control approximately 17% of […]

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Nvidia to pay $5.5M as part of SEC case concerning ‘inadequate disclosures’ around crypto mining

“All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete and accurate,” said Kristina Littman. The United States Securities and Exchange Commission, or SEC, has announced that it has settled charges against Nvidia — the company behind graphics cards used by many crypto miners — in regards to “inadequate disclosures.” In a Friday announcement, the SEC said that Nvidia failed to disclose that mining cryptocurrencies was “a significant element of its material revenue growth” based on sales of its […]

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Bitcoin price heads under $36K as three-day losses near 12%

More pain for both crypto and stocks on May 6 as traders see no hint of a relief rally coming so far. Bitcoin (BTC) fell further on the May 6 Wall Street open amid a warning that the U.S. equities sell-off was “not over.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Novogratz: “We are not going to get a soft landing” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $35,268 on Bitstamp, bringing three-day losses alone to 11.9%. U.S. stocks, which had a seen a bloody […]

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Biggest Movers: WAVES Drops 17% as NEAR, SOL, and AVAX Also Take Double-Digit Hits on Friday

WAVES dropped by as much as 17% in today’s session, as crypto markets as a whole traded mostly in the red. SOL and NEAR were two notable tokens to fall in today’s session, with AVAX also falling by double digits today. WAVES WAVES dropped for a second consecutive session, as prices moved towards the long-term support level on Friday. Following yesterday’s false breakout of the $16.70 resistance level, WAVES/USD slipped to an intraday low of $12.90 earlier in the day. This drop sees prices over 17% lower […]

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