Traditional Banking Methods Use Over 50 Times more Energy Than Bitcoin
Analysing Bitcoin’s Proof of Work & the Lightning Network reveals that the banking system is energy-hungry, which means that Bitcoin is better for the environment.
Under Pressure CEO of Celsius Alex Mashinsky Speaks out After Silence
Mashinsky praised the strength of Celsius, but did not give any indication about when customers will be able withdraw funds from the crypto lender.
Bitcoin Will Take Markets into The Green After Fed Hike States – Mike Novogratz
Mike Novogratz, CEO of Galaxy Digital, is cautiously optimistic about Bitcoin’s role in the recovery following the current downturn.
EUROC – The New Euro Backed Stablecoin Launched by Circle
As businesses seek to increase their operations, the demand for stablecoins is on the rise.
Microstrategy States Rumours of Margin Call Are False, Even if Bitcoin Falls Below $3k
Microstrategy, a Nasdaq-listed software firm, has denied rumors that it is under a margin call for a Bitcoin-backed loan. He will have to sell some coins. The executive said that if the price of cryptocurrency falls below $3,562, the company could offer other collateral.
What are Vitalik Buterin’s Views on Blockchain Being Used For Non-Financial Purposes
Vitalik stated that distributed ledger technology can help achieve essential goals such as “trust and resistance to censorship.”
Celsius Seeks Advice From Citi Group For Solutions After Withdrawal Ban
Sources tell The Block that Celsius is being assisted by Citigroup to assess its options following the abrupt halt in withdrawals by the crypto lender. Sources tell The Block that Citigroup is helping Celsius evaluate its options after the crypto lender abruptly stopped withdrawals.
New Crypto Bill Will End up Going Against Existing Protections – SEC Chairman Gary Gensler
The bipartisan Responsible Financial Innovation Act would transfer some responsibility to the crypto sector from SEC to CFTC.
BlockFi Fined $1 Million for Selling Unregistered Securities
BlockFi reached an agreement earlier this year for a $100 million penalty. The Iowa Insurance Division was fined almost $1 million.
BOE Governor Reiterates Crypto Risk Amid Crypto Market Meltdown
Andrew Bailey, the governor of Bank of England, reiterated his caution about cryptocurrency investing following an abrupt freeze by U.S. crypto lender Celsius of withdrawals. He reiterated that investors should be ready to lose all of their money and stressed that crypto does not have any intrinsic value.
