Tag: Cryptocurrency
Biden’s Proposed 30% Tax Threatens U.S. Bitcoin Mining
The recent proposal by the Biden administration to impose a 30% tax on cryptocurrency miners has sparked concerns and backlash within the industry. Many believe that this move represents an ideological attack on a...
Trezor Touchscreen Hardware Wallet with Custom Setup
Trezor recently launched the Trezor Safe 5, a cutting-edge hardware wallet with enhanced security features and a color touchscreen. This new device aims to provide users with a visually engaging interface and robust protection...
Bitcoin Mining Stabilizes Power Grids Strained by AI Data CentersBitcoin Mining Balances Power Grids...
Microsoft is constructing large AI data centers in Arizona and Wisconsin to support this innovative technology. However, these data centers are heavy energy consumers and strain power grids, with AI projected to consume 40...
Cryptocurrency Guide for Financial Advisors
Consensus 2024, held in Austin, had a special session for financial advisors and registered investment advisors (FA/RIA) where approximately 120 professionals gathered to learn about digital assets. The event was closed-door but some key...
Ether ETF Approval Fails to Boost Crypto Market
Cryptocurrency markets experienced continued pressure during U.S. trading hours on Thursday, following a pullback that began the previous day after the Federal Reserve's announcement of expected rate cuts. The price of ether (ETH) saw...
HLG Token Plummets Over 60% as Supply Increases by 1 Billion Tokens Exploiter Minting 1...
The Holograph protocol's native token, HLG, has taken a significant hit, plummeting by over 60% due to an exploit that allowed a malicious actor to mint a staggering 1 billion HLG tokens. According to...
Former Goldman Sachs Exec Joins Anchorage Digital Bank’s Board of DirectorsGoldman Sachs Exec Joins...
Anchorage Digital Bank has recently welcomed Connie Shoemaker, a former Goldman Sachs executive, to its board of directors. Shoemaker currently holds the positions of COO and CFO at Bridgewater Associates Holdings, the parent company...
Ethereum Withdrawals Surge Over $1.2 Billion: Analysis & Trends
Ethereum has recently experienced a surge in withdrawals totaling over $1.2 billion, indicating that large crypto investors, also known as whales, are anticipating a price recovery. These significant withdrawals have led to Ethereum balances...
Exploring CBDCs: BIS Survey Reveals Rising Interest
Central banks around the world are showing a growing interest in exploring the concept of a central bank digital currency (CBDC), according to a recent survey conducted by the Bank for International Settlements (BIS)....
Ethereum HODLers Acquire 298,000 ETH Before Spot ETF Launch
Ethereum has been experiencing pressure lately, with a significant drop of about 15% from March 2024. Despite this decline, on-chain data suggests a positive outlook.A spike in Ethereum demand has been observed, particularly from...