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Bitcoin miner Riot Platforms mined fewer Bitcoin in August than July but received over $31 million in power credits. That is the equivalent of around 1,136 Bitcoin (BTC), CEO Jason Les pointed out in a statement.Riot received an estimated $24.2 million in power curtailment credits under its contract with Texas grid
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A report from the World Federation of Exchanges (WFE) notes that 40% of crypto trading platforms are decentralized and use distributed ledger technology, while the majority (60%) use central limit order books (CLOBs), quite similar to regulated exchange platforms.The WFE report says there are a total of 500 crypto trading
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The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements. On Sunday, September 3, Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, emphasized the importance of wallet
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While China’s central bank digital currency (CBDC), the digital yaun, goes through technological and business model upgrades, wallet providers should facilitate payment options in all retail scenarios, according to a statement made by Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, on Sept. 3.In a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Indian authorities are intensifying their crackdown on gaming and betting applications using cryptos and offshore companies to evade taxes. According to a report from The Economic Times, several agencies are investigating networks of dummy companies that allegedly
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Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted total revenue of $76.7 million — up 5.2% from Q2 2022 — which was primarily driven by a
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When energy demand and prices spike, the cost of the energy outweighs the price of Riot staying in operation, so “they're going to shut down anyway,” Sawicky said. Her argument was echoed by State Senator Lois Kolkhorst, who sponsored the mining cap bill, and environmental advocates at the bill hearing. Source
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An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms. During a keynote speech at the Ethereum Community Conference (EthCC), a16z partner Sriram Krishnan shared a presentation explaining how Web3 can fix social media and
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As the stock price of Coinbase (COIN) reaches a 52-week high, Ark Invest, the investment management firm led by Bitcoin (BTC) bull Cathie Wood, has recently divested more of its Coinbase shares.Following Ark Invest's significant acquisition of Coinbase shares during the bear market, the investment firm has recently sold off
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Peer-to-peer (P2P) lending, which links borrowers and investors directly, has become a well-liked substitute for traditional banking. P2P lending networks enable decentralized lending, in which people can borrow money from other people or institutions directly without the use of intermediaries, such as banks. Both borrowers, who can receive loans with
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