According to a letter sent by the SEC to a district judge on July 7, Coinbase (NASDAQ:COIN) had knowledge of the probability that federal securities laws would apply to its operations, openly informing its shareholders about the possibility of assets traded on its platform being classified as securities.Continue Reading on Coin Telegraph More
The company — reportedly building a solution with crypto in mind — is seeking to provide transfer services in all 50 U.S. states, with further approvals still pending and no clear timeline in place.Continue Reading on Coin Telegraph More
According to the knowledge graph protocol 0xScope, three addresses that received at least $63.2 million in USD Coin (USDC) from Multichain are now frozen. Another report from the Fantom Foundation notes that more than $2.5 million in Tether (USDT) had also been frozen from two addresses listed by Etherscan as “Multichain Suspicious Addresses.“Continue Reading on Coin Telegraph More
According to a report from the New York Times, judge T.J. Keene said the decision mirrors a “new reality in Canadian society” as more people use emojis to express themselves in all sorts of situations, including business dealings. Continue Reading on Coin Telegraph More
An AI prompt engineer specializes in designing effective prompts to guide the behavior and output of AI models. They deeply understand natural language processing (NLP), machine learning and AI systems. Continue Reading on Coin Telegraph More
The decline in production was attributed to weather-related constraints in Texas and a significant reduction in bitcoin transaction fees in June.Bitcoin miners depend not only on block rewards standing at 6.25 BTC dispensed roughly every 10 minutes for a confirmed block but also on transaction fees attached when a user transfers value. The higher the fee, the more the total rewards the miner receives. Despite this contraction, Marathon achieved notable milestones in other operations. For instance, the report reveals that the miner posted a 16% month-over-month increase in its operational hash rate, reaching 17.7 EH/s. Moreover, the installed hash rate rose by 8% to 21.8 EH/s.Notably, these improvements are a year before Bitcoin slashes mining rewards by half in 2023. Roughly every four years, the Bitcoin network automatically halves rewards, a development that not only makes bitcoin scarce but historically tends to support prices.Besides capacity increment, Marathon also announced a new joint venture in Abu Dhabi, which commenced hashing activities earlier in the week. The miner added that activating the first containers at the Mina Zayed facility represents a critical step in their expansion efforts. As of July 1, Marathon held 12,538 BTC. However, the miner sold 700 BTC in June, revealing that they plan to sell a portion of their holdings over the coming months to support operations and manage their treasury.At the same time, the liquidation will finance their other corporate purposes. Besides their bitcoin liquidation, as stated, financial records show that they held over $113 million in cash and cash equivalents. Weather-related impact on bitcoin mining in Texas is well tabulated. In early February, Riot Platforms had to switch off over 17,000 rigs due to severe winter conditions. In July 2022, they also sold 700 BTC because of high cooling costs from heat waves.This article was originally published on Crypto.news More
Per Santiment, 71,000 BTC were added by addresses holding 10 to 10,000 BTC despite boring price action with Bitcoin engaging in sideways trading.”Bitcoin’s sharks and whales aren’t showing any signs of slowing down, even with prices beginning to get ‘boring’ in this $30k to $31k range. Since June 17, 10 to 10k BTC addresses have accumulated 71,000 more coins, equating to $2.15 billion,” Santiment tweeted.At the time of writing, BTC was marginally up in the last 24 hours to $30,272.Glassnode data also reinforces this fact. On-chain analytics firm Glassnode observes that following the BlackRock (NYSE:BLK) Bitcoin ETF request announcement on June 15, the share of Bitcoin supply held/traded by U.S. entities has experienced a notable uptick. This marks a potential inflection point in supply dominance if the trend is sustained.Bitcoin advanced to a fresh yearly high of $31,525 in the past week after several traditional financial titans sought approval to launch spot exchange-traded funds on the token in the United States, stoking optimism. BlackRock filed paperwork with the U.S. Securities and Exchange Commission (SEC) on June 16 for a spot Bitcoin exchange-traded fund.Bitcoin has increased by more than 80% this year, with prices beginning the year at roughly $16,500. The largest digital asset rose to all-time highs of almost $69,000 in November 2021. The largest digital asset finished the last quarter up nearly 9% from April to June.According to Glassnode, the Bitcoin spot price continues to bounce between the -50% at $34,300 and the -61.8% at $26,200 retracement levels, indicating a defined local range.Bitcoin’s spot price recently found firm support at the adjusted realized price of $25,500. This pricing level remains a crucial area of interest, with a strong breach below in June 2022 kicking off a deep bear market, whereas the recent move above has sparked a recovery to favorable price action.This article was originally published on U.Today More
The report shows that the circulating market cap of XRP (XRP) has increased by 42.5% year-to-date. The growth was driven by the asset’s price surge in the first quarter; however, in Q2, the market cap declined by 10.7%, from $27.8 billion to $24.8 billion.Continue Reading on Coin Telegraph More
