Tag Archives: News

Coinbase – one of the world’s largest digital currency exchanges – has ended its staking program in four states. At press time, California, Wisconsin, New Jersey, and South Carolina will no longer be privy to the trading platform’s earn program. Coinbase Earn Program Ends in Various Regions The move is a response to the present lawsuit the company is facing from the Securities and Exchange Commission (SEC). As it stands, the SEC made the claim that Coinbase has...

Grayscale says it will do everything in its power to ensure it gets approval for a new bitcoin-based exchange-traded fund (ETF). Grayscale Wants the SEC to Approve All ETFs Also, the crypto company has asked that all the current bitcoin ETF applications the SEC is looking at be approved simultaneously. The bitcoin ETF train began in recent weeks through BlackRock, which is slated to be the big gamechanger in the world of crypto-centered ETFs. As a standard...

Bitcoin has come a long way. There’s no doubt about that, and it’s garnered a lot of fans along the way, but for some, bitcoin is nothing but a Ponzi scheme. This is the ultimate sentiment of State Street Global Advisors’ George Milling-Stanley, who oversees the world’s biggest gold exchange-traded fund. George Milling-Stanley: Gold Always Beats BTC In a recent interview, Milling-Stanley commented that while bitcoin has garnered a reputation for being “digital...

The House Financial Services Committee has approved new legislation that’s set to create a regulatory framework in the United States for digital currency trading. New Crypto Legislation Heads for the U.S. The legislation was largely pushed by republicans, though six democrats – including representatives Jim Himes of Connecticut, Steven Horsford of Nevada, Wiley Nickel of North Carolina, and Brittany Pettersen of Colorado – joined them in their efforts to cement...

Tim Draper of Draper Associates recently took part in an interview in which he commented that bitcoin is likely to outdo all other digital currency assets, and that it will maintain its position at the top of the virtual food chain. Tim Draper: The Ever-Loving BTC Fanatic He commented: I think we are going to see bitcoin rise above the other cryptos. Having a bank and government decide on what currency is good is not as effective as having a bitcoin where there is...

Gideon Powell – the chief executive of Texas-based petroleum company Cholla Inc. – thinks bitcoin miners are revolutionary people that are bringing new levels of innovation to the U.S. Gideon Powell on What Makes BTC Miners Important In an interview, he said: Thinking about this from a capability standpoint, the ‘compute cowboys’ are unlocking new power markets for data centers and thinking about the future of industrial manufacturing. It’s all in its infancy....

Cosmos – a blockchain network that developed the notion of the “app chain” (a blockchain dedicated to a specific application) – used to be one of the biggest and most well-known crypto networks around, but it’s fallen hard from grace following the crypto meltdown of 2022. Cosmos isn’t Doing so Hot Cosmos was largely tied to Terra USD, the algorithmic stable currency that fell apart completely in the summer of last year It appears the network has had a very...

Ethereum is now eight years of age, and many experts have come out to praise the world’s second largest digital currency by market cap. Ethereum is Now Eight Years Old! Ethereum first emerged in 2015 and was designed to be more of a network rather than a currency. This has worked well over the years given how much popularity it’s earned amongst developers who prefer its technology to bitcoin’s when it comes to creating new blockchains and assets. Not long ago,...

The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy. Software developer MicroStrategy Inc (NASDAQ: MSTR) is set to report its Bitcoin (BTC) holdings quarterly without recognizing impairment losses in case of crypto price declines during the reporting period. This development comes as a result of the Financial Accounting Standards Board (FASB) approving new guidelines. Berenberg, a respected investment bank, has...

Nvidia will provide Jio with extensive AI supercomputer solutions while Reliance’s Jio Platforms will oversee the AI cloud infrastructure’s management. In a major development on Friday, September 8, Reliance Industries’s Jio Platforms joined hands with GPU giant Nvidia to build large language models on AI. In the announcement, the company said that this AI model will be based on the regional Indian languages. “Large language models” refer to natural language processing systems that...