Pennsylvania House Representative to Remove Crypto Mining Ban from Energy Regulation Bill
17.10.2023
A Pennsylvania House Representative has decided to eliminate a proposed two-year ban on crypto mining from a bill aimed at regulating the sector's energy consumption.
In a Monday filing, the Pennsylvania House Environmental Resources and Energy Committee approved the Cryptocurrency Energy...
Bitcoin Breaks Through $28,000 As Traders Digest Fake ETF Approval
17.10.2023
BTC/USD Chart / Source: CoinDesk
Bitcoin prices rallied recently, breaking through the $28,000 as the cryptocurrency experienced some notable gains.
The world's most prominent digital currency climbed to an intraday high of nearly $28,600 around 6 p.m. EST yesterday, according to CoinDesk data. ...
Dev platform Stack Overflow axes 28% of staff as AI competition grows
17.10.2023
The technology Q&A forum has seen declines in web traffic since the launch of ChatGPT in 2022
FTX customers could get $9B shortfall claim payout by mid-2024
17.10.2023
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US
Pennsylvania crypto mining permit halt cut from bill after union pressure
17.10.2023
The bill’s sponsor Greg Vitali included a clause that instead subjects miners to ongoing reporting requirements to get the bill past a House Committee
FTC Warns Consumers Crypto Deposits Are Not FDIC Insured
17.10.2023
The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens,...
Bridgewater Founder Ray Dalio Warns of ‘Brutal World War III’ — Says China and US Are at Brink of Hot War
17.10.2023
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. and China are at the brink of a hot war. He has outlined a scenario where “we will see the transition from contained pre-hot-war conflicts to a brutal World War III.” Ray Dalio Warns...
South Korean ‘Crypto Killers’ May Face Death Penalty
17.10.2023
South Korean prosecutors have requested the death penalty for four suspects in a crypto murder-kidnap case that saw a woman abducted and murdered for her crypto holdings.
The incident took place in the affluent Gangnam District in Seoul in March this year.
The woman is believed to have worked...
Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance
17.10.2023
Unsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetting
Evergrande’s Economic Tremors Trigger Bank Run in Northern China
17.10.2023
Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned billions to the struggling company. This...
Market Wrap: Bitcoin Hovers Above $28K After ETF Reports Prove False
17.10.2023
Meanwhile, the market continues to trend downwards amid higher-than-expected U.S. PPI and CPI Data
Binance Set to Temporarily Cease Onboarding New Customers Following an FCA Restriction on UK Partner
17.10.2023
Binance will temporarily shut its doors to new customers in the UK. This follows a restriction on the exchange's operating partner in the UK by the Financial Conduct Authority (FCA).
According to an announcement by the exchange on October 16, 2023, crypto traders and investors who have...