Tue, April 16

ECB Raises Interest Rates by 0.5 Basis Points to Curb Inflation

The European Central Bank (ECB) joined the U.S. Federal Reserve and other central banks around the globe in taking action against inflation on Thursday by lowering the pace at which it is increasing interest rates. In an effort to combat the high costs that are weighing on consumers, the central

December 16, 2022 2 mins read

Tech Behemoth Microsoft Bans Crypto Mining on Cloud Platform

Microsoft updated its terms of service to explicitly forbid the mining of cryptocurrency on its hosted platforms without express permission. This update became available in December, and it’s for everyone, not just Microsoft’s paid members. Specifically, the update prevents users from mining on any Microsoft online service. Including those that

December 15, 2022 1 min read

Cash Crunch Mining Firm Core Scientific Manages $72M Funding

B. Riley, a provider of financial services, has extended an offer to Bitcoin investors. Core Scientific’s leading lender, B. Riley, revealed the details of the financing deal in a letter dated December 14 and said that the company was ready to finance the first $40 million “immediately, with zero contingencies.”

December 15, 2022 1 min read

SEC Charges Social Media Influencers in $100M Stock Scam

The SEC has now stated that it would be pursuing charges against eight social media influencers in connection with a $100 million securities fraud scheme. Social media sites like Twitter and Discord were used in this plan by the defendants to affect publicly listed stock prices. Furthermore, the SEC has

December 14, 2022 2 mins read

Japanese Power Behemoth ‘TEPCO’ Forays Into Crypto Mining Sector

Tokyo Electric Power Grid (TEPCO), a Japanese utility company, is collaborating with TRIPLE-1. The goal is Bitcoin mining, and by extension, making use of the grid’s surplus of electricity. As a regional hardware producer, TRIPLE-1 is a household name. During the 2012 earthquake and tsunami that hit the Fukushima area,

December 14, 2022 2 mins read

Australia Plans Major Revisions in Crypto Regulations by Early 2023

Australia’s government said on Wednesday, December 14 that it is doing the necessary to enhance crypto service provider regulation. The government plans to issue a discussion paper in early 2023. In order to determine which kind of digital assets they want to regulate. Moreover, the Australian government is contemplating major

December 14, 2022 1 min read

Crypto Market Rallies as U.S Inflation Drops to 7.1% For November

The publication of the November statistics for the Consumer Price Index (CPI) by the U.S. Bureau of Labor Statistics caused a sharp increase in the value of cryptocurrencies including Bitcoin (BTC). The US consumer price index drops from October’s 7.7% to November’s 7.1%. CPI for November was predicted to come

December 13, 2022 1 min read

Mining Firm Argo Blockchain Desperately Seeking Funds To Survive

In an effort to avoid bankruptcy, crypto mining company Argo Blockchain has been seeking to “engage in an equipment financing transaction” and negotiate the sale of its assets, according to a company blog post. In a press release dated December 12, Argo Blockchain stated it was in “advanced negotiations” to

December 13, 2022 1 min read

Bitcoin (BTC) To Reach $1M – Samson Mow

The stigma of aura surrounding the Bitcoin (BTC), never evades despite whatever be the market conditions. Though there are many cryptocurrencies, and fiats into action, the BTC has always possessed the supremacy, and so will always will.  Accordingly, the CEO of Jan3, Samson Mow puts forth that considering the current

December 12, 2022 2 mins read

Microsoft To Purchase 4% Stake in London Stock Exchange Group

Microsoft, a titan in the American software industry, has announced a 10-year strategic relationship with the London Stock Exchange Group (LSEG). The exchange will be able to use Microsoft’s cloud and data analytics services going forward, per the release. Today, Microsoft and the London Stock Exchange announced a 10-year strategic

December 12, 2022 2 mins read