Auto Added by WPeMatico

Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that…

Continue ReadingBitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations

A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities…

Continue ReadingParaguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations

Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with…

Continue ReadingSony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion

On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended…

Continue ReadingEthena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion

Bitcoin Technical Analysis: BTC Sails Through Choppy Waters After Recent Uptick

Bitcoin’s price oscillation between $66,182 and $69,199 within 24 hours underscores a battlefield where bulls and bears vie for dominance. Bitcoin Bitcoin’s 1-day chart reveals a narrative of volatility, with…

Continue ReadingBitcoin Technical Analysis: BTC Sails Through Choppy Waters After Recent Uptick

US Court Sentences Onecoin’s Head of Legal and Compliance to 4 Years in Prison

A U.S. court has sentenced Onecoin’s purported head of legal and compliance to four years in prison. She “facilitated and committed money laundering, aiding in the exploitation of millions of…

Continue ReadingUS Court Sentences Onecoin’s Head of Legal and Compliance to 4 Years in Prison

Goldman Sachs Wealth Management CIO: Crypto Is Not an Investment Asset Class

The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any…

Continue ReadingGoldman Sachs Wealth Management CIO: Crypto Is Not an Investment Asset Class