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Prices for Cobalt Used in Electric Vehicle Batteries Crash Following Oversupply from Miners

Prices of cobalt are may remain low for a while as demand from EV and consumer electronics makers are likely to remain lower than supplies. Cobalt hydroxide prices have dropped in response to an increase in supplies from the Democratic Republic of Congo. Cobalt, used commonly to make batteries for electric

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Biden Administration Invests $15.5B in Electric Vehicle Transition

Historically, the United States has relied on other countries for battery materials and components. However, a growing number of automakers and battery manufacturers are announcing plans to establish battery production facilities within the United States.  The US Department of Energy (DOE) recently unveiled a $15.5 billion funding and loan package as

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Grayscale lawyers refer to SEC allowing Volatility Shares’ investment vehicle in push for ETF

Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot Bitcoin exchange-traded fund (ETF), citing a possible precedent in furtherance of its case.In a letter dated July 10, Grayscale’s legal team notified the U.S.

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Tokenization Is the Way to Realize the Biden’s Electric Vehicle Overhaul

Blockchain addresses many of these challenges by providing a transparent and secure platform for tracking and verifying the origin, and production. Each transaction, from mining to manufacturing, can be recorded and verified by multiple parties, ensuring that the information is accurate and trustworthy. This transparency can help curb smuggling and

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BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle

The consequences of the FTX scandal at the hands of its founder and former CEO, Sam “SBF” Bankman-Fried, continue to surface. On Feb. 17, it was reported that bankrupt crypto lender BlockFi has appealed to the United States Bankruptcy Court in Wilmington, Delaware to strip the Chapter 11 bankruptcy protections from

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Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’ – Finance Bitcoin News

Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated. In an opinion piece, Panetta states that while cryptocurrency regulation is a good answer to the problem, it must also

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BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand – Blockchain Bitcoin News

BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers of the automotive company adapted to compliance processes in Thailand. BMW to

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