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The bitcoin miner’s third quarter revenue grew 484% year-over-year, and the company appointed Robert Loughran as its new Chief Financial Officer. Nov 15, 2021 at 3:27 p.m. UTCUpdated Nov 15, 2021 at 3:28 p.m. UTCGreenidge Generation mining facility (Getty Images) Original Source
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Galaxy Digital (TSX: GLXY), the publicly listed cryptocurrency conglomerate helmed by Mike Novogratz, saw its third-quarter income grow to $517 million, according to a Monday earnings release. That’s an increase of 1,146% from the $41.5 million the firm made in 2020′s third quarter.In addition, Galaxy said income for the fourth
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Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be chosen, but other reports say the Fed’s Board of
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India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors reported by the media. RBI Has Serious Concerns About Crypto, Governor Doubts
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Conflicting news about whether Chinese property giant Evergrande had defaulted on its overdue loan payments emerged just before Bitcoin’s recent price crash.Evergrande Group is China’s second-largest property developer and is in debt for roughly $300 billion. There are fears that its collapse could spark a wider financial crisis.Two minutes after
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Online employment-oriented platform LinkedIn has reported demand for employees with experience in crypto or blockchain is on the rise across many companies.According to a Wednesday report from LinkedIn editor Devin Banerjee, data from the platform’s Economic Graph team shows job postings in the United States that included terms like “blockchain”
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Cryptocurrency exchange Okcoin has reported the number of and trading volume of institutions surged significantly in the last year, driven largely by stablecoins and tokens in decentralized finance.In a report released on Oct. 26, Okcoin said it had seen a 450% increase in the number of institutional customers on its
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A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of
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Brazilians have brought over $4 billion of cryptocurrencies to the country, according to numbers from the Central Bank of Brazil. The commercial asset balance report presented shows that Brazilians have consistently acquired over $350 million dollars of cryptocurrencies each month since January. However, according to some analysts from the central
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“We have seen an aggressive sustained effort on ransomware the last few weeks from the administration that started even before the Suex designation,” Redbord, a former Treasury official, told CoinDesk in a statement. “We are rightfully seeing the most focus on hardening cyber defenses, and when it comes to crypto,
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