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The United Kingdom’s Financial Conduct Authority, or FCA, has issued a warning to Binance Markets in response to Binance’s payment company Bifinity and investment firm Eqonex entering a strategic partnership.In a Monday statement, the FCA reiterated that Binance Markets Limited was not allowed to conduct certain regulated crypto-related activities in
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Bitcoin (BTC) price struggled to overcome $40,000 resistance over the weekend and currently trading just above $38,000. At a time when BTC is hovering at a 40% discount from all-time highs, whales have started accumulating more stablecoins.According to data from Santiment, stablecoin whales with wallet holdings of 10,000 to 10 million Tether
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“DAOs, in a way, they are are a very powerful token-based coordination mechanism that any person now can wield outside of the legacy financial system,” said Silke Noa, core member of AssangeDAO, which recently raised $53 million in support of WikiLeaks founder Julian Assange. According to Noa, the fundraising campaign was “a
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Crypto Miner BIT Mining Ditches Data Center Build in Kazakhstan Due to Unstable Power Supply Original Source
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The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.On Feb. 4, Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, proposed a price increase from $0.0023 per Kwh to $0.01
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But the law does allocate significant funding towards workforce development and skills training, and also earmarks $50 billion for the National Science Foundation to invest in research and development and the technologies of the future. Blockchain entrepreneurs and startups should also have access to this funding as they build and
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The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining With Cheap Electricity The Russian association
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A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the securities regulator new powers to regulate cryptocurrency platforms and decentralized finance (defi) protocols. New SEC Proposal Could Hurt the Crypto Industry, Commissioner Peirce Cautions U.S. Securities and Exchange Commission (SEC) Commissioner
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The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow Greenidge Generation to continue to use it’s power plant in the town of Dresden for bitcoin mining, Bloomberg reported.The decision is now expected to come by March 31, two months later than originally
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A new bill introduced in the U.S. has a provision that “would essentially give the Treasury Secretary unchecked and unilateral power” to ban cryptocurrency transactions, warned crypto advocacy organization Coin Center. Treasury Secretary Janet Yellen will be able to prohibit any crypto transactions “without any process, rulemaking, or limitation on
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