SAITECH, a company aiming to solve the climate change crisis, plans to eventually power its crypto mining operations with 100 percent renewable energy, significantly reducing their carbon print emissions in line with China’s strong national policies on decarbonizing by 2060, a new report on June 29 shows. SAITECH Going Green and Decarbonizing Per their estimation, up to 50 percent of […]

Cynthia Lummis, a US senator representing Wyoming recently took to Twitter to express her opinion on the recent developments with China-based miners, who have relocated. She called the actions of the Chinese government a serious mistake, while also noting that their actions are a huge opportunity for the USA, that is if more people in government understood digital assets. “…but […]

United States Congressman Brad Sherman (D-CA) has urged his colleagues to consider completely shutting down cryptocurrencies, arguing that they are “highly volatile”.  Sherman: Crypto Facilitates Tax Evasion A congressional hearing hosted by the House Financial Services Oversight Subcommittee on June 30 performed an overview of the budding crypto ecosystem. Sherman observed that it would make much more sense to allow […]

Bitcoin mining difficulty, an attribute of Bitcoin that indicates how challenging it is to mine a new block, is poised to plunge by more than 25%. This historic drop comes as the out-turn of China’s rigorous crackdown on cryptocurrency mining — which, for the most part, affected Bitcoin. The Extent of China’s Crackdown on Cryptocurrencies Starting late May, the Chinese […]

Bitcoin purchases will now be directly available to approximately 24 million customers from 650 US banks and credit unions as a result of a new partnership between the US enterprise payments giant the National Cash Register (NCR) and leading bitcoin dedicated technology and financial services firm NYDIG. The deal will enable the banks and credit unions to offer crypto trading […]

As much as €350 billion can start entering the crypto market this Thursday after a law passed earlier this year comes into force in Germany. The new Fund Location Act (Fondsstandortgesetz) allows 4,000 existing special funds (spezialfonds) – as well as new special funds – to invest up to 20% on bitcoin and eth. Previously such funds were prohibited from […]

TP ICAP is joining forces with Standard Chartered’s digital asset custody unit and Fidelity Investments to launch a bitcoin (BTC) and altcoins trading venue. The team says the move is in a bid to meet the growing demand of clients for digital assets trading, according to a Reuters report on June 29, 2021. TP ICAP Joins the Crypto Bandwagon TP […]

ARK Investment has joined the unlimited list of American businesses looking to roll out a bitcoin (BTC) exchange-traded fund. The firm submitted its ARK 21Shares Bitcoin ETF filing to the United States Securities and Exchange Commission (SEC) for approval on June 28, 2021. ARKB Bitcoin ETF  ARK Invest, a global asset management firm that specializes in thematic investing in disruptive […]