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Riot Platforms says Texas energy strategy reduced production costs by $31M

boss Cryptocurrency Market, News

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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Temasek Executives behind FTX Stake See Compensation Reduced

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According to Temasek, despite the absence of any misconduct, both its senior management team and investment body assumed collective accountability and accepted a reduction in their compensation. Executives of Singapore investment firm Temasek Holdings who oversaw the company’s investment in FTX will have their compensation slashed. According to reports, the

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Japan may see a reduced 20% tax on crypto earnings with new proposal

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The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that calls for lowering taxes for individual investors on crypto earnings. The fiscal 2023 tax reform request addressed key issues that the advocacy groups believe

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FTX to deploy $1B through Future Fund for safer AI, reduced biorisk

boss Cryptocurrency Market, News

Global crypto exchange platform FTX launched a fund called the FTX Future Fund with an aim to support long-term improvements for humankind. The project will deploy up to a billion dollars to support projects focusing on safe artificial intelligence development, reducing biorisk dangers, effective altruism and more.According to the announcement,

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Bitcoin Back on the Defensive as Moderna CEO Warns of Reduced Vaccine Efficacy, Exchange Inflows Eyed

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There is consensus in the market that policymakers would provide unlimited support to asset prices if the situation worsens, leading to lockdowns. However, that would push governments and central banks in a tough spot. With inflation already running hotter than expected globally, lockdowns and more stimulus could lead to stagflation,

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o Access to funds can usually be recovered quickly rather than relying on coverage to payout. o Insurers’ risk is mitigated so theft cover can be offered to users at a greatly reduced cost than would otherwise be possible. “Swaggy now has the opportunity to offer high-value protection for the wallets of its users”, explains Giovanni Lionetti Ceo of SWAG, “thanks to the collaboration with a top brand such as Coincover, a leading digital company that will protect the owners of Swaggy wallets with the best professionalism. This is a double coverage for our users, who will thus be able to further protect their wallet in case of malicious activity and theft. In this way, Swag takes another step forward by further diversifying itself from the market as a premium brand ”. With this agreement, SWAG, today among the fastest growing mining companies internationally, aims to provide a more secure platform for its customers to manage, send and receive payments. Wallet protects aim is to ensure that the customer’s assets are well-protected from any theft and in case of loss of their private key. “This partnership represents another step towards making cryptocurrency safe for everyone to use,” said David Janczewski, Coincover CEO. “Ultimately it means users can be confident they can recover funds if something goes wrong. Problems due to human error can now be avoided by our industry-leading loss prevention technology. This minimises risk and enables coverage for theft and loss by a world-leading insurer for the best price available.” Building the safety standard for cryptocurrency Founded in the UK in May 2018, Coincover provides solutions for crypto ownerships, technology, cyber-security, crypto, and blockchain insurance. The main goal is building the world’s safety standard for cryptocurrency. The company’s services ensure that users and businesses never lose access to cryptocurrency funds due to user error, business or infrastructure failure. By combining advanced technology and insurance-backed guarantees, Coincover provides disaster recovery and business continuity options for cryptocurrency businesses and enables consumers to enter this exciting market safely. The tailor made world of Swag In two years of activity, SWAG has been able to build an important customer base by offering innovative services in the field of mining and e-wallet management. More and more performing machines, agreements with international top players, increasingly innovative technology at the service of its users through a tailor-made and turnkey service, with clear and accessible costs. These are the strengths of SWAG.tegory Bitcoin News

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Why reduced Bitcoin futures volume may signal the start of a new bull trend

boss Cryptocurrency Market, News

Bitcoin (BTC) futures volume and open interest are declining rapidly. Data shows that since the September peak, BTC futures volume has dropped by 60% from over $25 billion to around $10 billion.Bitcoin futures volume by exchange (September). Source: Digital Assets DataWhile the decline in trading activity could ostensibly seem like

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