Another US County Hits Pause on Crypto Mining Power Requests

Bitcoin fell to $88,000 from a peak of $93,000 leading to $120 million in liquidations. The market is now pricing in a 66% chance of a 25 basis point cut in the December FOMC meeting, down from Thursday’s 83%. 01:30 Bitcoin Flat Near $60K Amid Mideast Tensions; XRP Down 10% on Regulatory Uncertainty 01:53 North

SoFi is handing its crypto customers to Blockchain.com, a move possibly tied to SoFi's decision to become a bank.In an interview, Blockchain.com President Lane Kassleman said the partnership equates to hundreds of thousands of users and hundreds of millions of dollars.SoFi Technologies (SOFI), an online bank and financial-services company, is exiting the cryptocurrency business, telling

Nov 16, 2020 at 8:34 a.m. UTC(Shutterstock/TungCheung)Citibank Executive Says Bitcoin Could Pass $300K by December 2021A senior executive at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.The whole of bitcoin‘s existence has been characterized by major price swings, “exactly the kind of thing that sustains…

Jul 16, 2020 at 04:11 UTC(Michael Dziedzic/ Unsplash, modified by CoinDesk)Twitter Hack Used Bitcoin to Cash In: Here’s WhySomeone hacked Twitter Wednesday – and they used bitcoin to capitalize on it. But, why?  Bitcoin is an alternative money system based on the value of censorship resistance. In other words, Bitcoin was built from the ground…

news The U.S. Securities and Exchange Commission (SEC) has issued a “no-action” letter to TurnKey Jet, Inc., agreeing that tokens used by the business travel startup are not securities. The regulatory stamp of approval is contingent upon the company using its tokens under certain conditions. Those conditions include: Token-generated funds cannot be used to develop…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Pete Pachal is CoinDesk's Chief of Staff for Content. He holds small amounts of BTC, ETH and SOL.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.New tools driven by artificial intelligence (AI) have…

Bitcoin is increasingly coiled below $36,000, supported by consistent buying activity during U.S. hours.LINK and MATIC gained 10%, most among large-cap altcoins.Bitcoin's "Santa Claus rally" could start any moment amid accommodating macro picture, Matrixport said.Bitcoin (BTC) was closing in on the $36,000 key level Wednesday as bulls and bears continued their tug of war at

news Blockchain technology firm Bitfury is looking to reinforce its software unit with two executive-level hires. Announced today, Marina Khaustova, former chief marketing officer and co-founder of Element Capital Group, has joined Bitfury as the CEO of Crystal Blockchain, the company’s analytical tool for investigating public blockchain transactions. Meanwhile, Chris Dickson, previously at enterprise software vendor Panaya,…

Feb 6, 2020 at 14:15 UTCUpdated Feb 6, 2020 at 14:21 UTCICE CEO Jeffrey Sprecher said Bakkt's pending acquisition of Bridge2 Solutions will help it offer consumers access to crypto and loyalty points through a single app. (Image via CoinDesk archives)Bakkt’s acquisition of a loyalty rewards company will “expand Bakkt’s presence across an asset class…