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Search Results for: Cryptocurrency

Twitter CEO Elon Musk Reportedly Bringing in Twitter Coin

Monetization features, including a cryptocurrency called “Twitter Coin,” are supposedly under development at Twitter. Nima Owji and Jane Manchun Wong, app researchers, tweeted about a secret “Coins” option in the app’s “Tips” settings. Prior to this, Elon Musk had mentioned accepting Dogecoin (DOGE) on Twitter. Though, it’s not clear whether

December 5, 2022 1 min read

Amidst Crypto Crash, Over 41K Companies Recorded High Crypto Holdings in Brazil

As the entire crypto industry is facing a hectic crisis, crypto adoption in Brazil is booming tremendously. In the past few months, the global crypto market crashed affecting millions of thousands of investors in the community. Surprisingly over 40,000 Brazilian companies are in the record of Federal Revenue Service for

December 5, 2022 2 mins read

USDC Issuer Circle Dissolves SPAC Agreement With Concord

On Monday, Circle Internet Financial, the firm behind the stablecoin USDC, made the formal announcement that it was dissolving its special purpose acquisition company (SPAC) with Concord Acquisition. The original proposal for the corporate merger was made public in July 2021. The firms’ boards of directors, both at Circle and

December 5, 2022 1 min read

TeraWulf Announces November 2022 Production and Operations Updates

Deployed fleet of 17,500 miners achieving hash rate capacity of 2.0 EH/s as of November 30, 2022 Cost of Power Decreased 45% to $6k per BTC in November from $11k per BTC in October 2022 Energization of the Nautilus Cryptomine Facility Remains On Target for Q1 2023 with additional 15,000

December 5, 2022 6 mins read

Capstone Green Energy Continues Its Success in the EaaS Market With a New C800S Rental Contract for a Data Mining Operation in West Texas

The 800 kW Microturbine Rental System Will Provide Reliable Power Using the Site’s Waste Gas as Fuel LOS ANGELES–(BUSINESS WIRE)–$CGRN #Biogas—Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, continues to grow in the Energy as a Service (EaaS) market with

December 5, 2022 5 mins read

$HOOK Price Surges Following Binance Listing

$HOOK, the native token of the Hooked Protocol ecosystem, is continuously witnessing a dramatic price surge in the global crypto market. Following the token’s launch on the Binance innovative zone on December 2, 2022, the value of Hooked Protocol ($HOOK) has seen a remarkable 2000% surge.  Hooked Protocol is the

December 5, 2022 1 min read

Pakistan Enacts New Legislations To Introduce CBDC by 2025

Central bank digital currencies (CBDCs) are seen by regulators throughout the globe as a method to improve fiat capabilities by emulating the technological innovations that fuel cryptocurrencies and their associated financial prowess. Following suit, Pakistan has announced new legislation to facilitate the introduction of a domestic CBDC by 2025. Moreover,

December 5, 2022 1 min read

Australian Crypto Exchange Swyftx Lays Off 35% Personnel

Swyftx, an Australian cryptocurrency exchange, has announced the layoff of 90 employees in preparation for a “worst-case scenario” resulting from the collapse of FTX and a possible reduction in global trading volumes in 2023. Moreover, Swyftx co-CEO Alex Harper announced the decision in a statement on December 5, stressing that

December 5, 2022 1 min read

KuCoin Engages Mazars to Conduct Third-Party PoR Verification Procedures

VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, one of the largest exchanges worldwide, announced that it has engaged Mazars, a leading international audit, tax and advisory firm, to provide a third-party factual findings report. Mazars will offer KuCoin’s customers and prospective customers additional transparency and reporting on whether their in-scope assets are collateralized. Furthermore,

December 5, 2022 2 mins read

Coinbase CEO Criticizes FTX’ Former CEO ’SBF’ Over $8B Hole

On Saturday, Brian Armstrong, CEO of Coinbase, criticized Sam Bankman-Fried’s story of how FTX lost $8 billion. According to Armstrong, FTX’s prior CEO, a physicist with a degree from MIT, would not allow billions of dollars to go without a trace. The CEO of Coinbase then explained how he thought

December 5, 2022 2 mins read