Three funds tracking Bitcoin, Ethereum, and FileCoin have been issued interim stop orders by Australia’s market regulator due to “non-compliant” target market determinations.
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Three funds tracking Bitcoin, Ethereum, and FileCoin have been issued interim stop orders by Australia’s market regulator due to “non-compliant” target market determinations.
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Part of its actions will include raising public awareness about the risks inherent in crypto-assets and decentralized finance.
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This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”
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As many crypto holders are gearing up for a bear market, what are the factors influencing the mining business?
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Forced selling from Bitcoin miners raises concern about BTC price, but the use of renewable energy and the oil and gas industry’s growing interest in BTC are longterm positives.
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It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network.
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