Technology
Technology
The top financial regulator in New York is currently investigating stablecoin issuer Paxos while competitor Circle was the one to raise the alarm. In autumn of 2022, Circle alerted the New York Department of Financial Services, or NYDFS, that Binance's reserves were insufficient to support its tokens, potentially
Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio. The securities are part of the $69 billion
For $43.6 million, CleanSpark Inc. has acquired 20,000 brand-new Antminer S19j Pro+ units and will pay $32.3 million after coupons. Once deployed, the new set of miners will increase the company’s mining capacity by 37%, or 2.44 exahashes per second (EH/s). With 15,000
News - Bitcoin - Feb 17, 2023The top financial regulator in New York is currently investigating stablecoin issuer Paxos while competitor Circle was the one to raise the alarm. In autumn of 2022, Circle alerted the New York Department of Financial Services, or NYDFS, that Binance's reserves were insufficient to support its tokens, potentially
News - Politics - Feb 14, 2023Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio. The securities are part of the $69 billion
News - Technology - Feb 12, 2023Bitcoin miner Hut 8 and US Bitcoin Corp. have agreed to merge. Under the newly formed Hut 8 Corp., both companies are now wholly owned subsidiaries. The press release states that “the transaction is expected to establish [Hut 8 Corp.] as a large-scale, publicly traded Bitcoin miner focused on economical
News - Bitcoin - Feb 07, 2023According to remarks made by Sean O’Neal of Cleary Gottlieb, who is representing Genesis, a division of Digital Currency Group (DCG), a restructuring agreement has been reached with creditors. The sale of Genesis Global Trading would be one part of this plan to maximize recovery. The agreement will also
News - Business - Feb 07, 2023“We hold these truths to be self-evident, that all public/private key pairs are created equal, that they endow their creator with certain unalienable Rights, that among these are Freedom of Speech, Freedom from Algorithmic Bias, and Freedom of Meme.” – The Declaration of Independence from Platforms I published my initial
News - Technology - Feb 01, 2023Nostr, a decentralized social networking protocol, is currently available on the Apple App Store via Damus. Nostr saw a surge in popularity after former Twitter CEO Jack Dorsey developed an interest in the technology. He later donated 14 BTC to its creator. Due to the enthusiasm, Damus became the most
News - Bitcoin - Feb 01, 2023The play-and-earn fantasy esports platform Stattrak and top fintech payment processor ZEBEDEE have jointly announced the release of a new product geared for esports fans worldwide. In well-known titles like Counter-Strike: Global Offensive, League of Legends, Valorant, Rainbow Six Siege, and Dota 2, the product allows users to create their
News - Bitcoin - Jan 31, 2023