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Despite disappointing earnings and its fair share of operational difficulties, the CEO of Canadian Hut 8 Mining (HUT) Jaime Leverton reassured investors. The miner's gigantic stack of bitcoin, at 9,133 BTC at the end of Q1, as well as its diversification into high-performance computing hosting, "positively" distinguish the firm "from
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One potential driver for DEX volumes in the near term is an increase in regulation, the note said. As crypto regulation develops more broadly, with expanded reporting requirements, users could begin to migrate to DEXs from “KYC-heavy CEXs,” it said, referring to “know-your-customer” requirements. The regulatory landscape is expected to
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Many see implementing Know Your Customer (KYC) tools in crypto as a deterrent to the Bitcoin (BTC) Standard, which has predominantly promoted anonymized peer-to-peer transactions. However, regulators stay put on promoting KYC and anti-money laundering (AML) implementations as a means to ensure investors’ safety and protection against financial fraud. While most
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Unlike exchanges like Coinbase and Gemini, the derivatives platform plans to increase its staff. Source
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“The blatantly obvious challenges facing bitcoin miners are the recent selloff in BTC price and supply chain disruptions and, as expected, the stock price followed bitcoin’s trajectory,” wrote Sutton in a research note on Friday. However, he added, “What isn’t blatantly obvious is the impact HUT’s acquisition of TeraGo’s Data
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“We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers,” said the report. “In other words, a small cost can be paid today as a hedge compared
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The BitColors team has acquired crypto media outlet BTC Peers It is the first acquisition of a media platform by an NFT collection Reaching and influencing a broader crypto audience remains crucial to chances at future success and it is interesting to see how NFT collections attempt to captivate a growing audience.
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Stronghold Digital (SDIG), the bitcoin mining company that converts coal waste into power for its operations, outperformed its mining peers on Monday after the investment bank DA Davidson slapped a buy rating on the company and said it sees potential for shares to rise more than 50% over the next
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BusinessThe analyst raised the miner’s 12-month price target to $82 from $78 and 2022 earnings estimates, citing its expansion plans.By Aoyon AshrafOct 26, 2021 at 5:18 p.m. UTCUpdated Oct 26, 2021 at 5:18 p.m. UTCGreenidge mining center (Caleb Parker) Original Source
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