The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before. Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for…
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Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific in nature,” Coinbase stressed. Coinbase: ‘We Have Not Engaged in These Types of Risky Lending Practices’ The Nasdaq-listed cryptocurrency exchange…
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The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones Acquisition of Thai Crypto Exchange Bitkub The parent company of Siam Commercial Bank, SCB X,…
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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the current inflation may lead to a “Greater Depression.” He added that real estate is crashing and foreclosures are up 700% from last year. Robert Kiyosaki’s Depression Warnings The author of Rich Dad Poor Dad, Robert Kiyosaki, voiced fresh…
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Sebastien Laye is a French-American crypto-economist and entrepreneur in the financial services and real estate sector. __________… Read More: Lessons From the Meltdown: a Value Approach to Token Valuation Read more »Pay, Trade, Buy Bitcoin with Credit Card
According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi “supercrash.” The recent cryptocurrency bear market has uprooted decentralized finance (DeFi) and centralized finance (CeFi) projects in the crypto space. But past performance is not always indicative of future results. For starters, Ethereum’s price has…
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Billionaire CEO of the FTX exchange Sam Bankman-Fried sees a stable crypto market and wider FTX product range ahead, pending regulation and a recovering world economy. The economic crisis in crypto is waning, FTX co-founder and CEO Sam Bankman-Fried thinks. He noted, in an interview on Axios Pro on Thursday, that he is no longer…
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The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country. Brazilian crypto exchange Mercado Bitcoin could begin operating in Mexico sometime in 2022, pending regulatory approval. Speaking to Cointelegraph on Thursday, Mercado Bitcoin CEO Reinaldo Rabelo said the company was awaiting regulatory approval to start operations in Mexico.…
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CFTC Commissioner Caroline Pham took issue with the SEC labeling certain crypto assets as securities in an example of “regulation by enforcement.” Caroline Pham, one of five commissioners with the United States Commodity Futures Trading Commission, or CFTC, has expressed concerns about the possible implications of a case the U.S. Securities and Exchange Commission, or…
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Cointelegraph sat down with Next Earth’s David Taylor and ActiveFence’s Tomer Poran to discuss how crime will impact the metaverse. Metaverse and Web3 have become catch-all terms that describe some aspects of the future internet. Beyond the hype, however, these technologies are building immersive worlds that intersect digital and real life. As more people migrate…
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