📣 Fidelity turns its attention to retail investors with new crypto offering
The investment powerhouse opened up a waiting list for Fidelity Crypto, which it says will offer commission-free trading of bitcoin and ether alongside traditional stock investments in one app. Other cryptocurrencies are being evaluated and could be added in the future.
The product is getting rolled out just weeks after Fidelity Institutional President Michael Durbin said he sees more room for crypto in consumer portfolios. Fidelity has been quicker to embrace digital assets than most other large investment companies. The company offers a bitcoin exchange-traded fund in Canada, multiple crypto and metaverse-related ETFs in the U.S. It has also allowed investment in bitcoin through 401(k) retirement accounts.
https://t.me/bitcoin_day
The investment powerhouse opened up a waiting list for Fidelity Crypto, which it says will offer commission-free trading of bitcoin and ether alongside traditional stock investments in one app. Other cryptocurrencies are being evaluated and could be added in the future.
The product is getting rolled out just weeks after Fidelity Institutional President Michael Durbin said he sees more room for crypto in consumer portfolios. Fidelity has been quicker to embrace digital assets than most other large investment companies. The company offers a bitcoin exchange-traded fund in Canada, multiple crypto and metaverse-related ETFs in the U.S. It has also allowed investment in bitcoin through 401(k) retirement accounts.
https://t.me/bitcoin_day
😁2🤔2👍1😱1🤬1
Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto investors lost money from August 2015 to the end of 2022.
Source
https://t.me/bitcoin_day
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto investors lost money from August 2015 to the end of 2022.
Source
https://t.me/bitcoin_day
👍2🔥2👏2👎1💩1
📣 MoneyGram app adds bitcoin, ether and litecoin crypto trading tools
MoneyGram, a publicly traded peer-to-pay payments company, has added crypto investment tools to its mobile app as fellow fintech firms bolster offerings in the sector. Available in the majority of U.S. states today, users are now able to buy, sell and hold bitcoin, ether and litecoin, the company said in a statement.
The move follows previous forays into crypto by the company, which recently partnered with Stellar to enable payment settlements and local currency payouts using USDC. It also holds a minority stake in crypto cash exchange and crypto infrastructure provider Coinme, which provides the crypto trading tools. MoneyGram enables instant access to over 120 currencies around the globe.
https://t.me/bitcoin_day
MoneyGram, a publicly traded peer-to-pay payments company, has added crypto investment tools to its mobile app as fellow fintech firms bolster offerings in the sector. Available in the majority of U.S. states today, users are now able to buy, sell and hold bitcoin, ether and litecoin, the company said in a statement.
The move follows previous forays into crypto by the company, which recently partnered with Stellar to enable payment settlements and local currency payouts using USDC. It also holds a minority stake in crypto cash exchange and crypto infrastructure provider Coinme, which provides the crypto trading tools. MoneyGram enables instant access to over 120 currencies around the globe.
https://t.me/bitcoin_day
🤯2🤩2❤1🎉1🙏1
💰 $500 billion asset manager Apollo launches Bitcoin custody for institutional clients
Apollo Global Management Inc., with $515 billion of assets under management, has begun storing crypto on behalf of its clients via a relationship with the digital asset platform Anchorage Digital. After that, Apollo became involved in Anchorage’s Series D fundraising round, which concluded in December 2021.
Interestingly, the decision comes amid a challenging year for the crypto sector, with Bitcoin (BTC), the flagship digital asset, down more than 50% since the beginning of 2022, as investors have grown increasingly concerned about macroeconomic conditions such as rising inflation, interest hikes, and foreign exchange rates, Reuters reported on October 31. Apollo, which neglected to reveal the sorts of crypto assets it owns.
https://t.me/bitcoin_day
Apollo Global Management Inc., with $515 billion of assets under management, has begun storing crypto on behalf of its clients via a relationship with the digital asset platform Anchorage Digital. After that, Apollo became involved in Anchorage’s Series D fundraising round, which concluded in December 2021.
Interestingly, the decision comes amid a challenging year for the crypto sector, with Bitcoin (BTC), the flagship digital asset, down more than 50% since the beginning of 2022, as investors have grown increasingly concerned about macroeconomic conditions such as rising inflation, interest hikes, and foreign exchange rates, Reuters reported on October 31. Apollo, which neglected to reveal the sorts of crypto assets it owns.
https://t.me/bitcoin_day
❤2🔥2👏1🤩1💩1
US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets.
Source
https://t.me/bitcoin_day
According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets.
Source
https://t.me/bitcoin_day
🤔2🤯2❤1👍1😢1
Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar 🔻
The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongoing strike by banks demanding the passage of capital control legislation has compounded matters for residents.
According to several local media reports, Lebanon’s currency recently plunged to a new all-time low of 80,000 per U.S. dollar on the unofficial foreign exchange market. The Lebanese pound’s fall on the parallel market came less than a month after it was devalued by more than 90% on the official market.
Although the currency’s devaluation from 1,507 to 15,000 per dollar was seen as monetary authorities’ attempt to unify the pound’s multiple exchange rates, some experts have argued that the new official exchange rate is pegged way below the rates where most trade takes place.
➖The currency’s latest plunge meanwhile has piled more misery on Lebanese residents who have already seen the country’s high inflation rate decimate their pound-denominated savings.
To compound matters for residents, the country’s banks recently went on strike and are demanding the passage of capital control laws that restrict foreign and local currency withdrawals. The International Monetary Fund (IMF), which reached a bailout deal with the Lebanese government in April 2022, has reportedly asked for capital control reforms to be carried out before it releases funding.
However, in response to the move by banks as well as the pound’s latest plunge, Lebanese residents reportedly attacked the closed banking outlets. In one video shared on social media, angry Lebanese protesters are seen attempting to set on fire the home of the president of the Association of Lebanese Banks.
On Twitter, some users shared pictures and videos of burning bank buildings while crypto enthusiasts used the Lebanese banks’ ability to block clients’ access to funds to highlight the risks of using a digital currency issued by central banks.
The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongoing strike by banks demanding the passage of capital control legislation has compounded matters for residents.
According to several local media reports, Lebanon’s currency recently plunged to a new all-time low of 80,000 per U.S. dollar on the unofficial foreign exchange market. The Lebanese pound’s fall on the parallel market came less than a month after it was devalued by more than 90% on the official market.
Although the currency’s devaluation from 1,507 to 15,000 per dollar was seen as monetary authorities’ attempt to unify the pound’s multiple exchange rates, some experts have argued that the new official exchange rate is pegged way below the rates where most trade takes place.
➖The currency’s latest plunge meanwhile has piled more misery on Lebanese residents who have already seen the country’s high inflation rate decimate their pound-denominated savings.
To compound matters for residents, the country’s banks recently went on strike and are demanding the passage of capital control laws that restrict foreign and local currency withdrawals. The International Monetary Fund (IMF), which reached a bailout deal with the Lebanese government in April 2022, has reportedly asked for capital control reforms to be carried out before it releases funding.
However, in response to the move by banks as well as the pound’s latest plunge, Lebanese residents reportedly attacked the closed banking outlets. In one video shared on social media, angry Lebanese protesters are seen attempting to set on fire the home of the president of the Association of Lebanese Banks.
On Twitter, some users shared pictures and videos of burning bank buildings while crypto enthusiasts used the Lebanese banks’ ability to block clients’ access to funds to highlight the risks of using a digital currency issued by central banks.
👍2🔥2🤔2👏1🤩1
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization.
Source
https://t.me/bitcoin_day
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization.
Source
https://t.me/bitcoin_day
❤2👍2👏1😁1😢1
FTX poked the bear and the bear is pissed — O’Leary on the crypto crackdown.🧐
Kevin O’Leary believes U.S. lawmakers are “fatigued” and “pissed” with the cryptocurrency industry after having to deal with one blowup after another.
Shark Tank investor and venture capitalist Kevin O’Leary has urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of Gary Gensler and the United States Securities Exchange Commission.
In a Feb. 20 interview with TraderTV Live, O’Leary said that U.S. lawmakers are “fatigued” over crypto collapses and that they’re only going to get more ruthless if companies continue to not comply:
“You got to get on board with regulation, you got to stay out of the way of Gensler at the SEC and other regulators. Those hombres men in Washington are not happy. FTX poked the bear, the bear is awake, and it is pissed.”
“These senators are really fatigued, they’re really tired of gathering every six months when the next crypto company blows up and goes to zero,” he said, adding “because they’re totally unregulated and they keep issuing tokens that are worthless.”
O’Leary said the SEC whacking Kraken for $30 million🥴 and ordering them to immediately cease its staking services should put the industry on alert and to comply by all means.
In light of the recent regulatory crackdowns, the Shark Tank investor predicted that regulated trading platforms will be better investments than their unregulated counterparts over the next few years:
”I think the value of regulated exchanges is going to go up over the next few years, while the unregulated ones get put out of business or go to zero by the regulators.”
O’Leary recently confessed to losing basically 100% of the $15 million😰 that FTX paid him to be its official spokesperson.
Kevin O’Leary believes U.S. lawmakers are “fatigued” and “pissed” with the cryptocurrency industry after having to deal with one blowup after another.
Shark Tank investor and venture capitalist Kevin O’Leary has urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of Gary Gensler and the United States Securities Exchange Commission.
In a Feb. 20 interview with TraderTV Live, O’Leary said that U.S. lawmakers are “fatigued” over crypto collapses and that they’re only going to get more ruthless if companies continue to not comply:
“You got to get on board with regulation, you got to stay out of the way of Gensler at the SEC and other regulators. Those hombres men in Washington are not happy. FTX poked the bear, the bear is awake, and it is pissed.”
“These senators are really fatigued, they’re really tired of gathering every six months when the next crypto company blows up and goes to zero,” he said, adding “because they’re totally unregulated and they keep issuing tokens that are worthless.”
O’Leary said the SEC whacking Kraken for $30 million🥴 and ordering them to immediately cease its staking services should put the industry on alert and to comply by all means.
In light of the recent regulatory crackdowns, the Shark Tank investor predicted that regulated trading platforms will be better investments than their unregulated counterparts over the next few years:
”I think the value of regulated exchanges is going to go up over the next few years, while the unregulated ones get put out of business or go to zero by the regulators.”
O’Leary recently confessed to losing basically 100% of the $15 million😰 that FTX paid him to be its official spokesperson.
❤2🥰2🔥1🤬1🎉1
🇺🇦 Ukrainian agricultural holding
AGROGLORYTIME continues to work confidently and delight investors in the conditions of war.
🔗A token of the unique ACTI model, correctly tokenized agribusiness for the first time in the world. The price has increased from 3 to 8 cents in 8 months
🔗Actually paid 85% per annum a ten-level referral program of its own design, which allows us to build a large passive income by promoting our ideas
🔗Referral program participants already earn hundreds of dollars a week. And when building new generations, it will be thousands of dollars
🔗The unique utilitarian function AGTInw is being patented, which allows generating value by distributed computing and has the potential to significantly increase the value of the AGTI token
https://t.me/bitcoin_day
AGROGLORYTIME continues to work confidently and delight investors in the conditions of war.
🔗A token of the unique ACTI model, correctly tokenized agribusiness for the first time in the world. The price has increased from 3 to 8 cents in 8 months
🔗Actually paid 85% per annum a ten-level referral program of its own design, which allows us to build a large passive income by promoting our ideas
🔗Referral program participants already earn hundreds of dollars a week. And when building new generations, it will be thousands of dollars
🔗The unique utilitarian function AGTInw is being patented, which allows generating value by distributed computing and has the potential to significantly increase the value of the AGTI token
https://t.me/bitcoin_day
👍2👏2🔥1😱1🙏1
🇨🇷 Costa Rican congresswoman proposes bill to regulate, recognize cryptocurrency
Costa Rican Congresswoman Johana Obando proposed a bill titled “Cryptoassets Market Law (MECA),” to regulate and recognize cryptocurrency in the Central American country. Costa Rica to foreign investors and fintech companies as well as create job opportunities for Costa Ricans.
The bill was proposed alongside Congressmen Luis Diego Vargas and Jorge Dengo, who also mentioned the government should not tax cryptocurrency profits generated from mining, but that profits from crypto trading should be taxed. Additionally, the bill aims to preserve individual virtual assets, self-custody of crypto assets.
https://t.me/bitcoin_day
Costa Rican Congresswoman Johana Obando proposed a bill titled “Cryptoassets Market Law (MECA),” to regulate and recognize cryptocurrency in the Central American country. Costa Rica to foreign investors and fintech companies as well as create job opportunities for Costa Ricans.
The bill was proposed alongside Congressmen Luis Diego Vargas and Jorge Dengo, who also mentioned the government should not tax cryptocurrency profits generated from mining, but that profits from crypto trading should be taxed. Additionally, the bill aims to preserve individual virtual assets, self-custody of crypto assets.
https://t.me/bitcoin_day
🔥2🤯2❤1😁1😱1
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold's Rise Above $2,000
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance is “a sharp drop in the stock market.”
Source
https://t.me/bitcoin_day
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance is “a sharp drop in the stock market.”
Source
https://t.me/bitcoin_day
❤2🎉2👎1🥰1🤩1
🇺🇸 US Regulators Caution Banks On The Risks Of Crypto Liquidity
US regulators have issued a warning to banks regarding the potential liquidity risks associated with cryptocurrencies, particularly in times of market stress. The warning comes amid growing interest in cryptocurrencies among banks and other financial institutions.
According to a joint statement from the Federal Reserve and other US financial regulators, crypto creates serious liquidity risks, further supporting their drive to discourage lenders from lending on digital assets in general. For the first time ever, a warning regarding stablecoin reserves was included in the letter that was released by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. The latest in a series of formal warning pronouncements makes it obvious that any institution playing.
https://t.me/bitcoin_day
US regulators have issued a warning to banks regarding the potential liquidity risks associated with cryptocurrencies, particularly in times of market stress. The warning comes amid growing interest in cryptocurrencies among banks and other financial institutions.
According to a joint statement from the Federal Reserve and other US financial regulators, crypto creates serious liquidity risks, further supporting their drive to discourage lenders from lending on digital assets in general. For the first time ever, a warning regarding stablecoin reserves was included in the letter that was released by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. The latest in a series of formal warning pronouncements makes it obvious that any institution playing.
https://t.me/bitcoin_day
👍2🤯2🔥1🤔1🎉1
SEC is not the appropriate regulator for stablecoins: Circle CEO.
👆Circle boss Jeremy Allaire maintains that "payment stablecoins" are payment systems, not securities.
The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire.
In an interview with Bloomberg on Feb. 24, the Circle chief executive aired his views on the SEC and its recent moves to clamp down on the crypto industry, including stablecoin issuer Paxos.
Allaire appears to have taken issue with the SEC's focus on stablecoins, arguing that dollar-pegged “payment stablecoins” should be under the oversight of a banking regulator, rather than the SEC.
“I don’t think the SEC is the regulator for stablecoins,” said Allaire, adding:
“There is a reason why everywhere in the world, including the U.S., the government is specifically saying payment stablecoins are a payment system and banking regulator activity.”
Circle confirmed last week that it had not been targeted by the SEC following the issuance of a Wells notice to Binance USD-issuer Paxos.😨
“There are lots of flavors, as we like to say, not all stablecoins are created equal,” Allaire said, adding, “But, clearly, from a policy perspective, the uniform view around the world is this is a payment system, prudential regulator space.”
The Circle CEO however 🤔 said that he was generally in favor of a recent SEC proposal on crypto custody that would make it much harder for exchanges to become custodians.
“We think having qualified custodians that can provide the appropriate control structures and bankruptcy protections and the other things is a very important market structure and very valuable.”
Circle is the issuer of the world’s second-largest stablecoin, USD Coin. It has a circulating supply of $42.2 billion which gives it a market share of 31%. Tether remains the dominant stablecoin with a supply of $70.6 billion and a market share of 52%, according to CoinGecko.
On Feb. 23, Allaire agreed with SEC Commissioner Hester Peirce, who said that the agency should refer to Congress. Due to the lack of legislation, some believe the SEC has been taking things into its own hands concerning crypto regulations and enforcement.
👆Circle boss Jeremy Allaire maintains that "payment stablecoins" are payment systems, not securities.
The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire.
In an interview with Bloomberg on Feb. 24, the Circle chief executive aired his views on the SEC and its recent moves to clamp down on the crypto industry, including stablecoin issuer Paxos.
Allaire appears to have taken issue with the SEC's focus on stablecoins, arguing that dollar-pegged “payment stablecoins” should be under the oversight of a banking regulator, rather than the SEC.
“I don’t think the SEC is the regulator for stablecoins,” said Allaire, adding:
“There is a reason why everywhere in the world, including the U.S., the government is specifically saying payment stablecoins are a payment system and banking regulator activity.”
Circle confirmed last week that it had not been targeted by the SEC following the issuance of a Wells notice to Binance USD-issuer Paxos.😨
“There are lots of flavors, as we like to say, not all stablecoins are created equal,” Allaire said, adding, “But, clearly, from a policy perspective, the uniform view around the world is this is a payment system, prudential regulator space.”
The Circle CEO however 🤔 said that he was generally in favor of a recent SEC proposal on crypto custody that would make it much harder for exchanges to become custodians.
“We think having qualified custodians that can provide the appropriate control structures and bankruptcy protections and the other things is a very important market structure and very valuable.”
Circle is the issuer of the world’s second-largest stablecoin, USD Coin. It has a circulating supply of $42.2 billion which gives it a market share of 31%. Tether remains the dominant stablecoin with a supply of $70.6 billion and a market share of 52%, according to CoinGecko.
On Feb. 23, Allaire agreed with SEC Commissioner Hester Peirce, who said that the agency should refer to Congress. Due to the lack of legislation, some believe the SEC has been taking things into its own hands concerning crypto regulations and enforcement.
😁2🙏2👎1🤮1💩1
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme coin’s $11.24 billion.
Source
https://t.me/bitcoin_day
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme coin’s $11.24 billion.
Source
https://t.me/bitcoin_day
❤2🔥2👌2🐳1😴1
💰 Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally
Bitcoin’s recent price rally from $16,500 to $25,000 can be attributed to a short squeeze in the futures market and recent macroeconomic improvements. However, while prices increased, data suggests many interested buyers (including whales) were left on the sidelines.
The recent rally to $25,000 shared many similarities with the 2019 bear market rally, which saw a 330% surge in Bitcoin’s price to highs around $14,000 from the November 2019 low of $3,250. The BTC/USD pair recently rose 60% from its November 2022 low. On-chain and market indicators relative to the 2019 rally send mixed signals on whether or not Bitcoin’s rally will continue. Nevertheless, there are strong reasons to believe that the market has reached a crucial turning point where it can either turn into a full-fledged bull market.
https://t.me/bitcoin_day
Bitcoin’s recent price rally from $16,500 to $25,000 can be attributed to a short squeeze in the futures market and recent macroeconomic improvements. However, while prices increased, data suggests many interested buyers (including whales) were left on the sidelines.
The recent rally to $25,000 shared many similarities with the 2019 bear market rally, which saw a 330% surge in Bitcoin’s price to highs around $14,000 from the November 2019 low of $3,250. The BTC/USD pair recently rose 60% from its November 2022 low. On-chain and market indicators relative to the 2019 rally send mixed signals on whether or not Bitcoin’s rally will continue. Nevertheless, there are strong reasons to believe that the market has reached a crucial turning point where it can either turn into a full-fledged bull market.
https://t.me/bitcoin_day
🤯2🤝2💩1🍌1😘1
💰 Bitcoin miner Iris Energy posts $144 million net loss
Iris Energy posted a net loss of $144 million, mainly due to a $105.2 million non-cash impairment charge in part related to its equipment financing, and said it mined fewer bitcoin in the quarter ending in December. topping the $13.3 million average estimate of analysts compiled by FactSet.
Shares of Iris Energy were lower in post-market trading after closing up by 67% during the regular session. “2022 was a challenging year for the digital assets industry as well as broader equity markets,” said Daniel Roberts, co-founder and co-CEO of Iris Energy. "Looking forward, we believe we are well positioned to capitalize as markets continue to improve.". The company recently announced plans to scale its hashrate back up after unplugging about 3.6 EH/s worth of machines in November.
https://t.me/bitcoin_day
Iris Energy posted a net loss of $144 million, mainly due to a $105.2 million non-cash impairment charge in part related to its equipment financing, and said it mined fewer bitcoin in the quarter ending in December. topping the $13.3 million average estimate of analysts compiled by FactSet.
Shares of Iris Energy were lower in post-market trading after closing up by 67% during the regular session. “2022 was a challenging year for the digital assets industry as well as broader equity markets,” said Daniel Roberts, co-founder and co-CEO of Iris Energy. "Looking forward, we believe we are well positioned to capitalize as markets continue to improve.". The company recently announced plans to scale its hashrate back up after unplugging about 3.6 EH/s worth of machines in November.
https://t.me/bitcoin_day
⚡2🔥2💯2❤1🌚1
Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease
While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists that the U.S. Federal Reserve “is going to run out of firepower.”
Source
https://t.me/bitcoin_day
While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists that the U.S. Federal Reserve “is going to run out of firepower.”
Source
https://t.me/bitcoin_day
🔥2🤨2🍾1🤪1🙊1
🥇 Iceland Emerges as the Most Stable Bitcoin Mining Jurisdictions
Iceland’s climate provides natural cooling to heat-producing mining operations, significantly reducing maintenance costs.One European country has emerged as the world’s largest hash rate producer per capita. Owing to cheap electricity, Iceland is one of the first countries to see industrial-scale Bitcoin mining.
According to Bitcoin mining researcher Jaran Mellerud, the country’s entrepreneurial locals can also be attributed to the growth of the sector. The Icelandic bitcoin mining industry is estimated to consume nearly 120 MW, equating to a share of 1.3% of the global hash rate production. Considering the fact that Iceland has a population of only 370,000, it is the biggest hash rate producer per capita. One crucial advantage, as pointed out by Mellerud, is the fact that the Artic nation’s electricity system is in total isolation from the rest of the world.
https://t.me/bitcoin_day
Iceland’s climate provides natural cooling to heat-producing mining operations, significantly reducing maintenance costs.One European country has emerged as the world’s largest hash rate producer per capita. Owing to cheap electricity, Iceland is one of the first countries to see industrial-scale Bitcoin mining.
According to Bitcoin mining researcher Jaran Mellerud, the country’s entrepreneurial locals can also be attributed to the growth of the sector. The Icelandic bitcoin mining industry is estimated to consume nearly 120 MW, equating to a share of 1.3% of the global hash rate production. Considering the fact that Iceland has a population of only 370,000, it is the biggest hash rate producer per capita. One crucial advantage, as pointed out by Mellerud, is the fact that the Artic nation’s electricity system is in total isolation from the rest of the world.
https://t.me/bitcoin_day
🏆4🙏2👻2💊1🙊1
🏦 Kraken move should put crypto industry 'on notice,' Gensler says
Securities and Exchange Commission Chair Gary Gensler sent another warning shot to the crypto industry this morning, just a day after the regulator said it settled with the Kraken exchange over allegations surrounding its staking program. Those other platforms should take note of this and seek to come into compliance.
The SEC said Thursday that crypto intermediaries needed to provide "proper disclosures and safeguards required by our securities laws" when offering services such as lending or staking. Kraken subsequently agreed to end its on-chain staking services for U.S. clients only without admitting or denying the allegations. “This really should put everyone on notice in this marketplace whether you call it lend, whether you call it earn, whether you call it yield, whether you offer what’s called an annual percentage yield, APY,” Gensler said on CNBC.
https://t.me/bitcoin_day
Securities and Exchange Commission Chair Gary Gensler sent another warning shot to the crypto industry this morning, just a day after the regulator said it settled with the Kraken exchange over allegations surrounding its staking program. Those other platforms should take note of this and seek to come into compliance.
The SEC said Thursday that crypto intermediaries needed to provide "proper disclosures and safeguards required by our securities laws" when offering services such as lending or staking. Kraken subsequently agreed to end its on-chain staking services for U.S. clients only without admitting or denying the allegations. “This really should put everyone on notice in this marketplace whether you call it lend, whether you call it earn, whether you call it yield, whether you offer what’s called an annual percentage yield, APY,” Gensler said on CNBC.
https://t.me/bitcoin_day
👍3🔥3⚡2❤1🍾1
Artificial Intelligence Crypto Assets Continue to Surge, Accounting for $4 Billion in Market Value
Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire crypto economy’s value.
Source
https://t.me/bitcoin_day
Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire crypto economy’s value.
Source
https://t.me/bitcoin_day
👏4😱2🥴2😍1🤪1
💰 Bitcoin miner Argo Blockchain's CEO Peter Wall steps down
Peter Wall is stepping down as CEO and interim chairman of Argo Blockchain to "pursue other opportunities." Wall has agreed to remain as an advisor to Argo over the next three months to support the transition. Matthew Shaw has been appointed chairman of the board.
The publicly listed miner will use an executive search firm to help find a long-term replacement for Wall. In addition to Wall's departure, non-executive director to the board Sarah Gow has resigned due to health reasons. She had been on the board since July 2021. These departures follow the exit of the company's CFO, Alex Appleton, who left at the beginning of February. Appleton also said he is leaving to "pursue other opportunities," a filing shows. Argo panicked the market by accidentally publishing drafts of posts.
https://t.me/bitcoin_day
Peter Wall is stepping down as CEO and interim chairman of Argo Blockchain to "pursue other opportunities." Wall has agreed to remain as an advisor to Argo over the next three months to support the transition. Matthew Shaw has been appointed chairman of the board.
The publicly listed miner will use an executive search firm to help find a long-term replacement for Wall. In addition to Wall's departure, non-executive director to the board Sarah Gow has resigned due to health reasons. She had been on the board since July 2021. These departures follow the exit of the company's CFO, Alex Appleton, who left at the beginning of February. Appleton also said he is leaving to "pursue other opportunities," a filing shows. Argo panicked the market by accidentally publishing drafts of posts.
https://t.me/bitcoin_day
✍3👌2😇2❤1🍌1