DIGIT INFO – Page 1923 – Cryptocurrency News

Senator asks FDIC about allegations it discourages bank relations with crypto companies

Sen. Pat Toomey says he has information from whistleblowers that the FDIC without a legal basis is discouraging banks from dealing with companies with crypto links.

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Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput

On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020. […]

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‘There’s a lot less land to go around’ — why White Rock established off-the-grid mining in Texas

“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering,” said CEO Andy Long.

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European Central Bank addresses guidance on licensing of digital assets

Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing other companies.

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Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities

The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor.

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Quebec Pension Fund loses almost entirety of its Celsius investment in less than ten months

“For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition,” says CEO Charles Émond.

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3 strategies investors might use to trade the upcoming Ethereum Merge

Investors have been crafting their strategies for navigating the volatility which could arise as the Ethereum Merge takes place. Here’s a few to consider.

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Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently

On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer did not disclose who offered the funds and how much […]

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Economic design changes will affect ETH’s value post-Merge, says ConsenSys exec

Lex Sokolin said that post-Merge, DeFi projects will have to compete with the returns offered by the core ETH protocol.

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