Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners
The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining destination. Crypto Miners Should Have Access to Cheaper Power, Economy Ministry Says Amid…
Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B
2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the…
Bitcoin, Ether in the Green as Global Easing Cycle Begins
Over $100 million in bitcoin and ether shorts have been liquidated over the past 24 hours.
Tiny Block Advocates Speak Up After Veriblock ‘Abuses’ Bitcoin’s Block Size
The BTC community recently celebrated the fact that Segregated Witness (Segwit) transactions accounted for 50% of transactions and bech32 transactions doubled as well. However, the celebration quickly came to an end when a few Bitcoin Core developers found out where the transactions derived from and got upset at the Veriblock project for using scarce block…
Avalon Miner Maker Canaan Raises ‘Hundreds of Millions’ in New Funding
Canaan Creative, the maker of Avalon miners, has closed a significant funding round, valuing the firm at over $1 billion, according to a report.
Ether ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEck
The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund.
Kronos Research Halts Operations After Losing $26 Million In Security Breach
Kronos Research, a Taipei-based market maker, trading firm, and venture capital fund, witnessed the withdrawal of significant amounts of crypto assets due to a breach of its security system. Kronos Breach: Investigation Underway On Sunday, November 19, Kronos Research disclosed – via a post on X (formerly Twitter) – a security incident that involved unauthorized…
AVAX Soars 9% As Avalanche And Chainlink Announce Partnership For Global Asset Circulation
According to a recent announcement from blockchain platform Avalanche (AVAX), Australia and New Zealand Banking Group (ANZ) has partnered with Chainlink (LINK) Labs to explore the potential of on-chain digital assets for global movement and settlement. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the collaboration aims to connect the Avalanche and Ethereum (ETH) blockchains to enable…
DOJ’s Proposed Jury Questions ‘Risks Tainting’ Bankman-Fried’s Panel, Defense Says
Sam Bankman-Fried's attorneys objected to some of the U.S. Department of Justice's proposed voir dire questions in a late Friday filing, saying they may miss potential juror bias or otherwise lead to jurors making assumptions about the case.
Ethereum-Powered Insurer Nexus Is Winning Over Blockchain Skeptics
Nexus is one of several blockchain startups trying to revive mutual insurance. Its first product will cover the risks of ethereum smart contracts.
