South African Reserve Bank encourages friendly behavior with crypto
The banking authority said avoiding risk through cutting off crypto-involved clients may pose a “threat” to financial integrity. Go to Source Powered by WPeMatico
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Coinbase would rather shut down staking than enable on-chain censorship — Brian Armstrong
With a ban on Tornado Cash, many DeFi proponents were worried that crypto exchanges, which are also key validators of Ethereum, would succumb to pressure and impose protocol-level censorship. Go to Source Powered by WPeMatico
Chinese mining giant Canaan doubles profits despite the blanket crypto ban
The Chinese crypto miner maker Canaan has been expanding its mining business, accumulating a total of 346.84 BTC by the end of June. Go to Source Powered by WPeMatico
Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds
Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts in the country. Experts say, however, that Russia has the spare capacities to satisfy … Read more
Ripple CTO lashes back at Vitalik Buterin for his dig on XRP
David Schwartz compared crypto miners in the Ethereum and Bitcoin ecosystem akin to shareholders of eBay, which he believes makes the entity secure. Go to Source Powered by WPeMatico
British Fintech Revolut Granted Crypto License in Cyprus
U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services for Europeans From Cyprus A leader in the neobank … Read more
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico