Despite a bearish backdrop for the overall crypto industry, the stablecoin supply has hit a total of $180 billion, surging by $9.5 billion over the past 30 days. Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that the stablecoin supply has hit the milestone amount of…
Read more
The new crypto mining facility in Sarnia, Ontario is expected to operate at 16 megawatts by the end of this month and will be scaled to operate at 28 MW by May. Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new crypto mining center adds to the…
Read more
Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies.
Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan
Local departments of the Committee for Atomic and Energy…
Read more
NFTs have emerged as the biggest trend on the blockchain industry due to their massive popularity with mainstream users. This novelty form of digital assets have enabled artists and creators to mint and monetize their creations without going through complex processes associated with traditional platforms.
Therefore, it is unsurprising that the NFT trade volume…
Read more
The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct or indirect exposure to these assets would increase the risks associated with the financial institutions. De Cos also stated that while…
Read more
FTX, a leading cryptocurrency exchange, has announced it will enter the gaming field. The company revealed it is launching its own gaming unit to focus on lending crypto services to gaming companies, acting as a middleman. This means that the exchange will support other companies launching tokens and offering NFTs via its platform.
FTX…
Read more
Bitcoin price started an upside correction above the USD 37,000 level. BTC even climbed above the USD 38,300 level, but it failed to gain strength and is currently (04:14 UTC) trimming gains near USD 37,900. In either case, it’s up 3% in a day…. Read More: Bitcoin’s and Ethereum’s Downtrend on Pause, LUNA and…
Read more
Joseph Hall believes that the SEC is not yet equipped to handle litigation in cases concerning cryptocurrencies as securities yet, making it hard to win the case against Ripple. A former executive from the Securities and Exchange Commission believes the regulator has a good chance of losing its $1.3 billion lawsuit against Ripple “on the…
Read more
CoinShares noted that despite “price weakness and perceived negative impact from the looming conflict in Eastern Europe,” digital asset investment products saw inflows totaling $109 last week. Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to…
Read more
BTC price is holding slightly below $38,000, but analysts warn that mounting macroeconomic issues and a lack of buyers could lead the price to “probe lower.” Bitcoin’s sell-off appears to be taking a pause even though the United States rolled out new sanctions against Russia on Feb 22. Data from Cointelegraph Markets Pro and TradingView shows…
Read more
