© Reuters. Canaan, a leading mining rig manufacturer, reported a significant decline in third-quarter earnings, along with a strategic move to shore up its finances through a new share offering. . The company, navigating through a challenging market environment, revealed revenue fell 55% to $33.3 million in the quarter, compared with the same period last […]
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© Reuters. The US Securities and Exchange Commission (SEC) is currently investigating Binance.US, the US branch of the global cryptocurrency exchange, over concerns about its undisclosed asset control methods. The investigation comes as the industry is on high alert following the collapse of competitor FTX, as regulators and investors are wary of any signs of […]
© Reuters. Crypto enthusiasts witnessed a significant recovery as the digital currency surpassed the $38,370 mark on Tuesday. This latest increase reflects growing interest in cryptocurrencies and is driven by expectations of a shift in Federal Reserve policy towards lower interest rates, amid signs signs of slowing inflation. Bitcoin is up an impressive 129% this […]
© Reuters PHILIPPINES – The Philippine Securities and Exchange Commission (SEC) is taking decisive action against cryptocurrency exchange Binance, aiming to halt the platform’s activities in the country. The regulator cited Binance’s lack of proper company registration and unauthorized securities offering as the main reasons for the impending restriction. The SEC, in collaboration with the […]
In an interview Wednesday with European media, Andrea Enria, a representative of the European Central Bank (ECB), emphasized the need for cryptocurrency companies to provide equivalent services. Similar to traditional banks, they are subject to equivalent regulatory oversight. Enria pointed out significant challenges in regulating these companies, such as their decentralized nature and lack of […]
© Reuters Digital asset management firm Grayscale has reported 24% growth in the consumer and cultural cryptocurrency sector. This increase is largely due to Bitcoin’s strong performance and growing investor confidence in the cryptocurrency market. This sector encapsulates a wide range of cryptocurrency applications, from entertainment and media to collectibles, sports and art. Grayscale’s findings […]
© Reuters The recent increase in the value of past $38,000 has brought not only profits to investors but also increased concerns about the environmental impact of cryptocurrencies. A study published in Cell Reports Sustainability draws attention to the significant water use of Bitcoin transactions, averaging 16,000 liters per transaction. This amount is equivalent to […]
© Reuters Following Ethereum’s recent Shanghai upgrade, a significant trend has emerged in the validator landscape, with an increase in average daily exits from Ethereum staking pools. Glassnode’s analysis revealed that, since early October, there has been a peak of approximately 1,018 validator departures per day, coinciding with an increase in the cryptocurrency’s spot price. […]
© Reuters In a move aimed at boosting investor interest in cryptocurrency funds, BlackRock, the world’s largest asset manager, has refined its proposal for a Spot Exchange Traded Fund (ETF) in kind. The revised proposal, which was presented to the Securities and Exchange Commission (SEC) and Nasdaq officials on Monday, seeks to allow direct trading […]
In an important development in the cryptocurrency market, Binance announced that it will stop support for its stablecoin BUSD, which currently has a market capitalization of $16 billion. This decision comes after a change in leadership, with CZ stepping down as CEO of Binance. The exchange has set a timeline for the BUSD phase-out, stating […]