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Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report

Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report

July 5, 2022 , , , , , , , , , , Eddy 0

For the first time in almost a year, revenues for Bitcoin (BTC) miners surpassed those of Ethereum (ETH) in June. But even then, both digital assets have shown dwindling profit margins owing to the prevailing crypto winter. According to a July 5 report by Binance, last month, Bitcoin miners generated $656.47 million. Meanwhile, Ethereum miners […]

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Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves

Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves

July 3, 2022 , , , , Eddy 0

Circle has tapped a New York state-based community bank as its latest custodial provider for USDC reserves. The move reflects Circle’s strategy to deepen partnerships with Community Banks across the U.S., attempting to make payments more inclusive to underserved communities. Under the new agreement, New York Community Bancorp’s bank subsidiary, New York Community Bank, will […]

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Russian Media Censor Roskomnadzor Blocks Major Crypto News Website

Russian Media Censor Roskomnadzor Blocks Major Crypto News Website

July 3, 2022 , , , , , , , , , , , , , , , , Eddy 0

Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure. Roskomnadzor Denies Russians Access to Bits.media Crypto news website Bits.media became unavailable to most […]

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Talking Fireblocks’ Massive Growth and Crypto Biggest Challenges: CEO Michael Shaulov (Exclusive Interview)

Talking Fireblocks’ Massive Growth and Crypto Biggest Challenges: CEO Michael Shaulov (Exclusive Interview)

July 3, 2022 , , , Eddy 0

Fireblocks is one of the largest providers of custody infrastructure solutions in the cryptocurrency industry. The company was founded back in 2018 by Michael Shaulov, Pavel Berengoltz, and Idan Ofrat. In January this year, Fireblocks raised $550 million at a whopping valuation of $8 billion. From a small team of a few people at the […]

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US Millennials Own More Crypto Than Mutual Funds: Survey

US Millennials Own More Crypto Than Mutual Funds: Survey

July 3, 2022 , , , , Eddy 0

According to a research conducted by the investing firm Alto, 40% of the American millennials (those aged 26-41) hold cryptocurrencies. Nearly the same share of people own individual stocks, the survey estimated. Millennials and Their Affinity for Crypto The poll further informed that more US millennials had distributed some of their wealth into crypto than […]

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US and UK Set to Team Up Regulating Cryptocurrencies

US and UK Set to Team Up Regulating Cryptocurrencies

July 3, 2022 , , , , , , Eddy 0

Her Majesty’s Treasury hosted the regulatory pillar of the US-UK Financial Innovation Partnership with its counterpart, the US Treasury Department, on Jun 29th. Both parties acknowledged the importance of teaming up to support safe innovation and strengthen regulatory outcomes for digital assets across jurisdictions. On Stablecoins According to the joint statement issued, top domestic watchdogs […]

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Ripple Launches $197,000 Hackathon for CBDC Interoperability and Financial Inclusion

July 2, 2022 Eddy 0

San Francisco-based enterprise blockchain provider Ripple has launched a central bank digital currency hackathon with a total prize pool of $197,000 to promote the development of solutions for retail CBDCs, financial inclusion, and interoperability. Ripple Launches CBDC Contest The event, dubbed CBDC Innovate, will allow developers to build applications that run on Ripple’s decentralized, open-source […]

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