Category Archives: Cryptocurrency News

Congressmen urged SEC to approve Bitcoin direct ETF

US Congressmen Tom Emmer and Darren Soto urged the US Securities and Exchange Commission to approve the launch of direct cryptocurrency ETFs, considering it logical after the approval of ETFs for Bitcoin futures. Tom Emmer and Darren Soto sent a letter to SEC Chairman Gary Gensler requesting permission to launch Bitcoin-linked ETFs. Congressmen asked the department why last month it opened the way for bitcoin futures ETFs instead of approving spot ETFs right away. On…

SMF Analysts: UK Must Adapt Laws For Blockchain And Cryptocurrencies

According to a study by the think tank Social Market Foundation, England’s legal system is not adapted for the implementation of cryptocurrencies, artificial intelligence and blockchain. Analysts at the Social Market Foundation (SMF), an independent British public policy center, conducted a survey among British lawyers, academics and companies, discussing with them the regulation of blockchain and cryptocurrencies in the country. This was reported by the Scottish Legal News. SMF experts came to the conclusion that…

Ethereum miners earned $ 3 billion more than Bitcoin miners in 2021

The analytical company Arcane Research found that this year it was more profitable to mine ether than bitcoin. According to a report from Arcane Research, in 2021, Ethereum miners earned $ 17 billion, while their colleagues mined $ 13.6 billion worth of bitcoin. Daily Ethereum miners earned $ 56 million versus $ 45 million from Bitcoin miners. The report states that the volatility of the profitability of Ethereum mining this year was greater than that…

Paraguay could be another safe haven for Chinese miners

Chinese miners are moving not only to Kazakhstan and the United States. Mining companies turned their attention to the state in South America as a testing ground for data centers. Persecuted by the authorities, Chinese (and not only) miners began to view the country with reserves of renewable hydropower as a destination for the placement of “green” mining farms. On which you can mine bitcoins and altcoins without harm to the environment. In June, it…

MAS Singapore has no plans to ban cryptocurrencies

MAS Singapore Managing Director Ravi Menon said the regulator would not ban cryptocurrencies as they could become a key factor in the country’s future development. Ravi Menon, head of the Monetary Authority of Singapore (MAS), sees great potential in the cryptocurrency industry. According to him, the regulator will not prohibit this asset class, but will prepare an appropriate regulatory framework for the effective regulation of cryptocurrencies. Menon also expressed his hope that Singapore could become…

Burger King and Robinhood will give away prizes in cryptocurrencies for clients in the USA

Fast food chain Burger King, in partnership with trading platform Robinhood, will give away DOGE, BTC and ETH cryptocurrencies among US customers for checks for purchases. According to the terms of the promotion, from November 1 to November 21, 2021, Burger King American customers who have spent more than $ 5 on food purchases can participate in the cryptocurrency lottery. By the time the promotion starts, 2,000,220 prize codes will be available. Each participant can…

DAI Algorithmic Stablecoin Ether Provision Exceeded 40%

The battle between Ether and USDC for dominance as the main reserve currency of the DAI stablecoin ended in victory for ETH. The level of DAI backing with USDC stablecoin decreased from 50% to 34.5%. According to the analytical resource Dai Stats, at the time of publication, the share of support for DAI on air increased to 41.4%, while the share of USDC fell to 34.5%. This indicates a decrease in the dependence of stablecoin…

AnubisDAO creators sold $ 60 million tokens and disappeared with investors’ money

The developers of the new project AnubisDAO held a token sale, during which they raised $ 60 million, after which they withdrew all the money and closed their accounts in social networks. The creators of the project promoted AnubisDAO as a fork of the OlympusDAO stablecoin. In addition, the theme of “dog coins” was used to attract attention – the ancient Egyptian god Anubis, depicted with a dog’s head, was chosen as the theme of…

Bitcoin Miner Rhodium Enterprises plans to raise up to $ 100 million for IPO

The mining company intends to use liquid cooling to mine BTC more efficiently. This solution adds value to the company for potential investors. Rhodium Enterprises, which specializes in bitcoin mining, has filed an application with the US Securities and Exchange Commission (SEC), in which it outlined plans to raise up to $ 100 million in an IPO. According to the financial report for the first half of the year, the company’s revenues in 2021 in…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…