Bitcoin Holds Steady Above $24.5K as European Banking Crisis Eases

Apr 28, 2020 at 04:18 UTCUpdated Apr 28, 2020 at 04:22 UTCHydropower plant image via ShutterstockA Chinese city in the world's bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season.Ya'an, one of the many cities in China's mountainous Sichuan province, a region that's estimated…

news It’s unrealistic and bad for the crypto industry to expect exchanges to send know-your-customer (KYC) information to recipient platforms with every transaction. That’s the gist of a public comment letter filed this week by blockchain analysis firm Chainalysis, in response to a draft recommendation by the Financial Action Task Force (FATF), an intergovernmental organization dedicated…

Nov 11, 2020 at 1:30 a.m. UTCCyberattackers Demand $11M in Bitcoin From Japanese Gaming Giant CapcomJapanese Gaming Giant Capcom, creator of popular games like Resident Evil and Street Fighter, fell victim to a ransomware in early November, with attackers allegedly demanding $11 million in bitcoin in exchange for not leaking illegally obtained confidential information to…

NEWS The U.S. Federal Election Commission (FEC) has released a new draft opinion that clears the way for people to mine cryptocurrencies as a way to support their preferred candidates. In a memorandum dated Nov. 13, attorneys with the FEC responded to a proposal submitted in September by OsiaNetwork LLC, which at the time asked…

Nasdaq-listed bitcoin mining firm CleanSpark (CLSK) has agreed to acquire two facilities in Dalston, Georgia for $9.3 million in cash.The facilities will host over 6,000 Bitmain Antminer S19 XPs and S19J Pro+s and are expected to add just under 1 exahash per second (EH/s) to CleanSpark's hashrate, according to an emailed announcement on Wednesday.CleanSpark's aim…

Gnosis, a sidechain to Ethereum, says a pair of new product offerings could let consumers with crypto wallets pay for online purchases using stablecoins and Visa’s payment system.Gnosis announced Monday it is releasing Gnosis Pay and Gnosis Card, the first decentralized payment network integrating with a traditional payment processor and the first Visa-certified consumer debit…

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.A bullish inverse head-and-shoulders price pattern is building in the combined market capitalization of altcoins. The term “altcoin” is short for “alternative coin” and, in this case, refers…

BlackRock's iShares Bitcoin Trust took in $15.8 million on Monday, ending its 13-day long streak of flat or negative flows. Overall, the ten U.S.-based spot bitcoin ETFs bled $770 million since Aug. 27. BlackRock’s iShares Bitcoin Trust (IBIT) broke its 13-day long streak of flat or negative flows, with the fund Monday taking in $15.8

Regulators in Singapore, Japan, the U.K. and Switzerland are planning asset tokenization tests for fixed income, foreign exchange and asset management products, according to a Monday announcement.The Monetary Authority of Singapore (MAS) has set up Project Guardian, a policymaker group that includes Japan's Financial Services Agency (FSA), the U.K's Financial Conduct Authority (FCA) and the