In an Aug. 28 order, the commission denied a contract between Ebon International and the Kentucky Power Company that involved a $50 million investment in a crypto mining facility in the city of Louisa. According to the filing, Ebon planned to run a 100-megawatt (MW) mining operation until 2024, then increase the load to 250 MW. Continue Reading on Coin Telegraph More
News related to Bitcoin ETFs has been the major trigger for the markets in the past few days. Bloomberg ETF analysts remain upbeat over the possibility of the ETFs being approved by the regulator in 2023. In an Aug. 30 post on X (formerly Twitter), Bloomberg senior ETF analyst Eric Balchunas bumped up the approval possibility of a spot Bitcoin ETF from 65% to 75%.Continue Reading on Coin Telegraph More
In an Sept. 1 interview with CNBC, Clayton said major financial institutions backing spot Bitcoin (BTC) investment vehicles represented a shift in how retail investors could get exposure to crypto. On Aug. 31, the SEC designated a longer period in which it could review spot BTC exchange-traded fund (ETF) applications from BlackRock (NYSE:BLK), WisdomTree, VanEck, Invesco Galaxy, Bitwise, Valkyrie and Fidelity.Continue Reading on Coin Telegraph More
On Episode 28 of Hashing It Out, host Elisha Owusu Akyaw is joined by Christian Duffus, founder of Fonbnk, to discuss the complexity of onboarding users from the continent. Duffus shares his ideas for diverse and innovative ways to onboard new crypto users in developing markets, as well as explains how other factors like education and regulation affect the Web3 onboarding process in Africa. Continue Reading on Coin Telegraph More
The People’s Courts of the People’s Republic of China exercise judicial power independently and are not subject to interference by an administrative or public organization. These courts try criminal, civil and administrative cases as well as economic disputes.Continue Reading on Coin Telegraph More
SBF may call seven expert witnesses to testify at his fraud trial, which is currently scheduled for Oct. 2, 2023. The proposed expert witnesses include Lawrence Akka, Thomas Bishop, Brian Kim, Joseph Pimbley, Bradley Smith, Peter Vinella and Andrew Di Wu.Continue Reading on Coin Telegraph More
The majority of cryptocurrencies are also trading in losses on September’s opening day, with some losing up to 7%. According to Coinglass data, the total value of crypto liquidations in the last 24 hours is $129 million.Bitcoin’s price action at the start of September is not entirely surprising. Crypto analyst pointed out that September has had the fewest positive-returning months, with only two, and is on a six-year negative-return streak.According to Bitcoin’s monthly returns chart, has had six “negative Septembers” in a row since 2016. Within these six years, 2019 witnessed the greatest loss of 13.47%, while 2022 losses were relatively lower at 3.12%.However, historical precedent may not predict current outcomes because the crypto market never fails to surprise. Being the start of September, it may be difficult to gauge Bitcoin’s price action based on a one-day performance.Bitcoin may choose to break the bearish trend this September and close in the green for the first time in six years. Thus, traders should keep an eye out for favorable fundamental boosts to appraise Bitcoin’s price movement.Grayscale Investments gained a crucial victory against the SEC on Tuesday when a federal appeals court overruled the SEC’s rejection of Grayscale’s application to convert its Bitcoin trust into an ETF.According to , the SEC deferred disclosures from Bitwise, VanEck, Invesco, Valkyrie and BlackRock (NYSE:BLK) on Thursday.Bloomberg analyst James Seyffart, who frequently gives updates on Bitcoin spot ETFs, suggested that the next key days to keep tabs on would be the middle of October, especially Oct. 16. This is crucial since news of Bitcoin ETFs has potentially impacted BTC prices in recent months.This article was originally published on U.Today More
Technology firm Herodotus has released its on-chain accumulator, which uses storage-proof cryptography, allowing users to verify data from any point of Ethereum’s blockchain without needing a third party. The solution makes use of StarkWare’s STARK proofs, the ZK-proof technology co-invented by mathematician Eli Ben-Sasson.Continue Reading on Coin Telegraph More
