The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid.
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Argo CEO follows resignation trend after company acquisition by Galaxy Digital
The CEO of the cryptocurrency miner Argo Blockchain is the second executive to step down from the company after its acquisition by Galaxy Digital.
Argo CEO follows resignation trend after company acquisition by Galaxy Digital
The CEO of the cryptocurrency miner Argo Blockchain is the second executive to step down from the company after its acquisition by Galaxy Digital.
What is decentralized storage, and how does it work?
Explore the concept of decentralized storage in this informative guide. Learn about the functioning and advantages of a decentralized storage network.
US banking giant BNY Mellon says digital assets are 'here to stay'
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”
US banking giant BNY Mellon says digital assets are 'here to stay'
Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market fall in 2022 won’t waver institutional interest in digital assets.
At a conference run by Afore Consulting on Feb. 8, Demissie said the digital asset industry is “here to stay” as institutional investors have held a strong interest in crypto.
"What we see is clients are absolutely interested in digital assets, broadly,” he said, according to a Feb. 8 report from Reuters.
Demissie backed up his thoughts by referencing a survey conducted by BNY Mellon in October, 2022, which found that 91% of custodian bank clients are interested in investing in blockchain-based tokenized products.
The survey also found that 86% of institutional players are adopting a “buy and hold” strategy, which may suggest that they see the cryptocurrency market as a long-term play.
US banking giant BNY Mellon says digital assets are 'here to stay'
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”
US banking giant BNY Mellon says digital assets are 'here to stay'
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”
Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.
Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.
Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO
Falling crypto prices have forced many crypto miners to cut costs or consolidate in order to survive the crypto winter.
Payments provider Affirm to sunset crypto program after 19% staff cut
Users will not be able to buy Bitcoin after Mar. 2, and the “Affirm Crypto Program” will officially shut down on Mar. 31.
Crypto exchange Kraken faces probe over possible securities violations: Report
The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws.
Crypto exchange Kraken faces probe over possible securities violations: Report
The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws.
Proposed Israeli law to classify crypto as securities will 'kill the industry'
A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon.
As Bitcoin nears $25K, questions about rally’s sustainability remain
Analysts seem to be divided as to whether a bull run is now in session despite many key indicators suggesting the same.
As Bitcoin nears $25K, questions about rally’s sustainability remain
Analysts seem to be divided as to whether a bull run is now in session despite many key indicators suggesting the same.
Robinhood board gives nod to buy Sam Bankman-Fried's $578M stake
Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company which was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year.
Robinhood confirmed it got board approval to buy back the stake in its fourth quarter report, which was published on Feb. 8.
“Our Board authorized us to pursue purchasing most or all of our shares that Emergent Fidelity Technologies bought in May 2022," said Robinhood’s chief financial officer Jason Warnick, adding
“The proposed share purchase underscores the confidence the Board of Directors and management team have in our business.”
The FTX co-founders bought 55 million shares of Robinhood stock — worth $578 million at current prices — in May through Emergent Fidelity Technologies by taking out loans directly from FTX’s sister firm Alameda Research.
Crypto Council for Innovation GC to testify at US Senate 'crypto crash' hearing
Linda Jeng will appear as a witness alongside law professor Yesha Yadav and Duke Financial Economics Center policy director Lee Reiners.
Uniswap's BNB deployment should use multiple bridges, claims LIFI CEO
The LIFI executive proposed that a team of four researchers be appointed to study the idea of a multi-bridge approach.