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According to unnamed sources cited by Bloomberg, the Biden administration is preparing to release an executive order that will outline a comprehensive government strategy on cryptocurrencies. This news comes on the heels of a U.S. Senate hearing on stablecoins, a Congressional subcommittee hearing on energy usage involved in cryptocurrency
According to participants, partnerships between NYDIG and 300 US banks have been finalized, with regulatory and security concerns that lingered now resolved. Local banks believe that offering Bitcoin trading will keep them afloat as customers have expressed demand for it. Harold Reynolds, CEO of the $1.3 billion-asset BankSouth in
Following Russia’s proposal to ban all mining and exchanges involved with cryptocurrency, some technology and political executives have voiced opposition against the proposal. The proposal from January 20th, 2022 suggests the halt of cryptocurrency issuance, operations, banks buying or investing in cryptocurrencies, and exchanging cryptocurrencies for fiat. Also proposed
News - Bitcoin - Jan 24, 2022Following Russia’s proposal to ban all mining and exchanges involved with cryptocurrency, some technology and political executives have voiced opposition against the proposal. The proposal from January 20th, 2022 suggests the halt of cryptocurrency issuance, operations, banks buying or investing in cryptocurrencies, and exchanging cryptocurrencies for fiat. Also proposed
News - Bitcoin - Jan 24, 2022According to unnamed sources cited by Bloomberg, the Biden administration is preparing to release an executive order that will outline a comprehensive government strategy on cryptocurrencies. This news comes on the heels of a U.S. Senate hearing on stablecoins, a Congressional subcommittee hearing on energy usage involved in cryptocurrency
News - Bitcoin - Jan 24, 2022According to participants, partnerships between NYDIG and 300 US banks have been finalized, with regulatory and security concerns that lingered now resolved. Local banks believe that offering Bitcoin trading will keep them afloat as customers have expressed demand for it. Harold Reynolds, CEO of the $1.3 billion-asset BankSouth in
News - Bitcoin - Jan 23, 2022On Thursday, January 20, 2022, the United States House Energy and Commerce Oversight Subcommittee held an investigative hearing titled “Cleaning up Cryptocurrency: The Energy Impact of Blockchains.” Topics discussed during the hearing included energy usage in blockchain technologies and its impact on grid infrastructure in the U.S., and environmental
News - Bitcoin - Jan 23, 2022Core Scientific, Inc has finalized a merger with Power & Digital Infrastructure Acquisition Corp (XPDI), with the resulting company trading under the CORZ ticker on the NASDAQ. The merger brings one of the largest bitcoin mining operations to the publicly traded market. Core Scientific reported an estimated 67,000 ASIC
News - Bitcoin - Jan 23, 2022On January 20th, 2022, the Beta program went live for the first 1,000 users who signed up. Robinhood released a statement on their blog announcing the full implementation for a crypto wallet. After the testing phase, the company plans to roll out the feature to 10,000 more users
News - Bitcoin - Jan 23, 2022On Thursday the Central Bank of Russia issued a 36-page proposal for a complete ban on the use and mining of cryptocurrencies on Russian territory. Citing threats to financial stability, citizens' wellbeing, and sovereignty over their own monetary policy, the bank proposed that Russia create mechanisms to block transactions
News - Bitcoin - Jan 20, 2022Crypto.com is a Singapore based cryptocurrency exchange with a reported ten million users and 3,000 employees. The exchange confirmed on January 17th, 2022 that unauthorized withdrawals were initiated. The lost funds include 443.93 BTC, 4,836.26 ETH, and $66,200 in other currencies. The total funds
News - Bitcoin - Jan 20, 2022