Uzbekistan-registered exchange would be the sole option for trading in mined assets. Only crypto exchanges founded by foreign legal companies were given legal standing. According to The National Agency of Prospective Projects (NAPP), the Uzbekistan government expects a lot from cryptocurrency mining companies. Only firms who mine Bitcoin (BTC) or
According to the Central Bank of Morocco governor, the bank is now working on a crypto regulatory law. According to reports from the governor of Bank Al-Maghrib, Abdellatif Jouahri, the bank’s committee is developing the appropriate framework for crypto regulation. Best Practises For Crypto Regulation The laws are shaped by
It has tripled in value since its $23 million Series A round in June of this year. In February 2022, the organization received SOC-2 Type 1 certification. Today, Kaiko, a Digital assets data provider, announced a $53 million Series B round of fundraising. Eight Roads, an early Alibaba supporter, led
Almost $4 billion in mining-rig-backed loans are in jeopardy. Bitcoin miners who need to sell would continue to exert downward pressure. Miners have been hit hard by the 21% decline in the price of bitcoin (BTC) since it peaked two weeks ago. According to a Bloomberg report, some mining-machine-backed debts
Banxa will allegedly reduce its workforce from 230 to 160 personnel. European Managing Director Jan Lorenc plans to depart the business in European market. According to Banxa, a crypto payments service provider, 30 percent of its workforce will be let off as a cost-cutting measure during the current bear market.
In October, the SEC approved a Bitcoin futures ETF. It is now possible to buy and sell 1/100th of a Bitcoin at a time. Coinbase, the biggest U.S. exchange by volume, will provide crypto futures to retail investors on its new Derivatives Exchange platform beginning Monday. $3 Trillion Crypto Derivatives
At its height, the BTC network used 16.09 GW of electricity. Banks accounted for 56 times higher energy use than the Bitcoin ecosystem on June 16. In response to the two-week decline in the mining hash rate, the total power consumption of the Bitcoin (BTC) network dropped dramatically, resulting in
Since intra-period Bitcoin returns peaked at 131% last year. 70 crypto hedge funds used a market-neutral investing strategy. According to PwC’s 2022 Global Crypto Hedge Fund Report, hedge funds are investing in cryptocurrencies at an all-time high despite the volatility. According to the report, the market currently has around 300
There will be Shiba Inu and Bitcoin Automated Checkouts shortly at one of the largest Hispanic grocery chains in the United States, “Cardenas Markets.” The supermarket has 59 locations in significant states, including California, Nevada, and Arizona, and is the largest in the country. An American supplier of Digital Currency
More than $500 million to $1.5 billion was traded in the last 24 hours. FLEX Coin, will be suspended in addition to the suspension of withdrawals. CoinFLEX, a cryptocurrency exchange, has halted withdrawals, joining a growing number of companies that have done the same. CoinFLEX said today that it has
