The Chamber of Deputies, the lower house of Paraguay’s bicameral legislature, failed to move forward on a bill aimed at promoting crypto mining through the use of surplus electricity following a veto from President Mario Abdo Benítez. In a Dec. 5 session, members of Paraguay’s legislature discussed the pros and cons of incentivizing crypto miners to operate in the country […]
Read moreLaliga, the premier Spanish soccer league, has announced the implementation of a new system that will use blockchain for tracking soccer balls that were used to score a goal. The system, which will be provided by Gol-Ball, a third-party company, will certify these balls to allow users to purchase them through official markets or raffles. Spanish Laliga to Use Blockchain […]
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Galaxy Digital Eyes Celsius Assets The crypto lender auctioned off assets following chapter 11 bankruptcy. One of the company’s assets, a crypto custodian called GK8, caught the eye of Mike Novogratz’s Galaxy Digital. The crypto-focused company reportedly won the bid for the asset and will help GK8 to build crypto trading facilities for institutional investors Source: Read Full Article
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Litecoin (LTC) has been trading in the bullish trend zone since November 4. On November 23, the cryptocurrency reached a new high of $84. Litecoin cannot rise further as the market reaches the overbought zone. Long-term forecast for Litecoin price: bullish Buyers pushed the altcoin and retested the resistance level on December 5, but failed to break it. On the […]
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FTX, one of the world’s biggest and most popular digital currency exchanges, has filed for bankruptcy. This was abruptly followed by the formal resignation of the company’s founder and head executive Sam Bankman-Fried. FTX Has Fully Gone Under The company has been in hot water for the past several weeks. FTX experienced what’s been referred to as a “liquidity crunch” […]
Read moreThe Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations. According to a Dec. 5 statement from environmental law group Earthjustice, the government department would be looking to determine whether subsidizing crypto mining operations will raise electricity costs for Kentucky residents. The two mining […]
Read moreMaxine Waters, chair of the United States House Financial Services Committee, has called out former FTX CEO Sam Bankman-Fried for announcing on social media he intended to testify after “learning and reviewing what happened” at the exchange. In a Dec. 5 Twitter thread, Waters cited Bankman-Fried’s numerous media interviews in the wake of FTX’s bankruptcy as evidence that his information […]
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The value of Bitcoin (BTC) is being touted to drop as low as $5,000 in 2023 according to Standard’s Chartered global research head and chief strategist. As initially reported by Bloomberg, a note to investors published on Dec. 4 from the multinational bank’s chief strategist Eric Robertsen weighed-up a potential drop in Bitcoin’s value correlated with a surge in physical […]
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Reddit’ NFT minting hits new high Reddit’s nonfungible token (NFT) collection hit another milestone on Dec. 3 with a record 255,000 of its “avatars” minted in the one day. The new minting record beat the previous all-time highs on Aug. 30 and 31, which saw just over 200,000 Reddit avatars minted each day. The NFTs are primarily used on the […]
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