Tag: New York

news-08112024-033006

DEGEN L3 Migration Challenges: Conduit Standoff and Financial Losses

DEGEN L3 Migration Challenges: Conduit Standoff and Financial LossesDEGEN is facing obstacles in migrating DEGEN L3 to a new service provider due to issues with Conduit, which have resulted in financial losses and operational...
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Exploring AI’s Potential in Response to Bitcoin Mining Slowdown

Galaxy Digital, a prominent Bitcoin mining firm, is exploring the potential of artificial intelligence (AI) to counteract losses in mining revenue and maximize future opportunities. The company recently announced a preliminary agreement with a...
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Maximizing Bitcoin Mining Revenue with AI Computing Solutions – Galaxy’s Latest Strategy

The fiercely competitive bitcoin mining industry is presenting miners with a clear choice: either transition to artificial intelligence (AI) computing or face financial losses. Galaxy Digital, founded by Michael Novogratz, is the latest company...
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Coinbase Premium Soars to Seven-Month High Amid Increased US Bitcoin Demand

The surge in Coinbase premium to a seven-month high indicates a growing demand for Bitcoin in the United States after Donald Trump's election win. The Coinbase Premium Index, which measures the price difference between...
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Benefits of Staking for Ethereum ETFs: Lower Fees and Increased Interest

Staking has been identified as a game-changer that could potentially lower fees and increase interest in Ethereum ETFs, according to crypto analyst Tom Wan. By allowing Ether ETFs to offer near-zero management fees, staking...
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Bitcoin Price Surges with BlackRock ETF Breaking Records in 2024

Bitcoin saw a significant surge on Wednesday, reaching a record high of $76,481, marking its fourth-best day of the year. This increase followed the U.S. presidential election victory of Donald Trump, who expressed support...
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Bitcoin ETFs See $621 Million Inflow as BlackRock Records Rare Outflow Post US Election

Bitcoin ETFs have seen a significant increase in inflows, totaling $621 million, following the recent US presidential election results. Fidelity's FBTC received a large inflow of $308.8 million, while BlackRock's IBIT experienced an outflow...
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Former FTX CTO Appeals for Non-Custodial Sentence in Bankman-Fried Case

FTX’s former Chief Technology Officer, Gary Wang, is making a plea for a non-custodial sentence as he awaits his upcoming sentencing date on November 20. In a sentencing memo dated November 6, Wang's legal...
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Fair Revenue Sharing Proposal by Wintermute for Ethena Protocol

Wintermute, a crypto market maker, has put forth a proposal to introduce a fee switch in the Ethena protocol. This proposal aims to address the lack of transparency surrounding revenue distribution for ENA token...
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Bitcoin Price Surges Over $75K Amid Trump’s Early Voting Domination

Bitcoin's price surged over $75,000 on various crypto exchanges in Asia as favorable election results for Republican Donald Trump began to come in. Trump's odds of winning the U.S. presidency on the Polymarket betting...