Crypto News and Updates

The Public Service Commission of Kentucky has denied a proposed contract between Ebon International and Kentucky Power Company, which would have allowed a mining firm to receive a discounted rate on electricity for its crypto mining facility. The contract involved a $50-million investment in a mining operation that planned to run at 100 megawatts until 2024, with a potential increase to 250 megawatts. Environmental groups praised the decision, stating that incentivizing crypto mining firms…

Bitcoin and most altcoins experienced a price drop after the SEC decided to delay the decision on Bitcoin ETF applications. The recent volatility in BTC has been influenced by news related to Bitcoin ETFs. Bloomberg analysts have increased the possibility of a spot Bitcoin ETF approval from 65% to 75%. September historically favors bears, with negative returns for Bitcoin. The decline in Bitcoin is also impacting major altcoins such as EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH., BNB, XRP, Cardano, Dogecoin, Solana, Toncoin, P…

Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, has long followed a value investing strategy. But can this approach outperform Bitcoin in the long run? This article analyzes the performance gap between Buffett’s portfolio and Bitcoin, highlighting the potential of the cryptocurrency as a store of value. Despite Buffett’s success with stocks like Apple, Bitcoin has consistently outperformed Berkshire Hathaway’s holdings, raising questions about the effectiveness of…

The United States Securities and Exchange Commission (SEC) has delayed decisions on spot Bitcoin exchange-traded funds (ETFs) from several major firms. However, former SEC chair Jay Clayton believes that approval is inevitable. Clayton highlights the shift in how retail investors can access crypto through major financial institutions. The SEC has a 45-day window to approve, deny, or delay the ETF applications. Clayton expects progress in the future and emphasizes the need to bridge the gap be…

Bitcoin’s price has fallen below $26,000, erasing all trace of the ‘Grayscale hype’ and indicating limited chance of upside, warns BTC price analysis. In August, BTC/USD lost 11.2%, and market observers are not optimistic about a rebound in September. Popular trader Rekt Capital suggests that if Bitcoin loses the rising trendline of the weekly relative strength index (RSI), further downside can be expected. Targets for a fresh drop lie at various points on the way to $23,000, according to …

Christian Duffus, founder of Fonbnk, discusses the challenges and opportunities of onboarding crypto users in Africa. He emphasizes the importance of basic infrastructure like telecommunications and explores diverse strategies for entering the Web3 industry in developing markets. Duffus also highlights the impact of education and regulation on the onboarding process in Africa.

Cryptocurrency and stock trading platform Robinhood has completed the purchase of over 55 million shares previously held by former FTX CEO Sam Bankman-Fried. The acquisition, valued at approximately $606 million, was approved by Robinhood’s board of directors and the U.S. District Court for the Southern District of New York. This move signifies Robinhood’s commitment to growth and serving its customers and shareholders.

Polygon’s Chain Development Kit (CDK) is a game-changer for EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. developers. With CDK, developers can easily launch a ZK-powered Layer 2 chain tailored to their project’s needs. The CDK offers automatic access to liquidity across all of Polygon’s chains and the wider EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. ecosystem, providing on-demand scale without fragmenting liquidity. It supports various use cases, including payment-specific L2s, DeFi, gaming, social platforms, and NFT platforms. CDK is highly customizable, all…

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Bitcoin ETF applications, leading to a 3.7% drop in the cryptocurrency market capitalization. Bitcoin, which accounts for almost half of the market, experienced a 4.5% loss. The SEC delay caused Bitwise, one of the Bitcoin ETF applicants, to withdraw its application. The market was hopeful that a Bitcoin ETF approval would attract institutional investors and bring more capital into the sector. However, the decl…

Fraternidade Crypto, a Brazilian cryptocurrency streamer, recently lost thousands of dollars due to an unfortunate self-custody accident. During a live stream, the streamer accidentally exposed his private key, allowing someone to steal his entire Polygon stash. This incident highlights the real risks of self-custody in the cryptocurrency world. To protect your crypto assets, it is crucial to handle private keys with extreme care and avoid storing them in easily accessible places. Diversifyin…

Artificial intelligence (AI) has the potential to revolutionize human resources (HR), offering innovative solutions for talent acquisition, employee retention, and workplace optimization. However, its integration is not without challenges. Concerns about data privacy, algorithmic biases, and over-reliance on technology persist. The goal is to harness the power of AI while maintaining the human-centric ethos of HR.

The U.S. Department of Commerce has clarified that it has not blocked sales of AI chips to the Middle East, according to a recent report. The clarification comes after concerns were raised regarding expanded export license requirements for AI chips. The report highlights that both Nvidia and AMD, two major chip manufacturers, may need to obtain licenses before selling their flagship chips to certain Middle Eastern countries. The Biden administration initially implemented export controls in…