Tech

14 January

JPMorgan CEO Jamie Dimon: Bitcoin is the ‘Smoking’ of the Digital Age

JPMorgan CEO Jamie Dimon has once again shared his critical stance on Bitcoin, likening the cryptocurrency to smoking in the modern age. Dimon’s comments have sparked debate among financial experts and cryptocurrency enthusiasts, reigniting the conversation around the potential risks of Bitcoin and other digital assets. Dimon’s Criticism of Bitcoin: In a recent interview, Dimon compared Bitcoin to smoking, referring …

14 January

Russian Crypto Mining Market Explodes as Hardware Sales Triple Under ‘Light Touch’ Laws

Crypto mining in Russia is experiencing a surge as hardware sales have tripled in recent months. This boom in mining activity coincides with Moscow’s shift towards a potentially more lenient regulatory approach. Amid rising interest in cryptocurrency, Russia appears to be exploring a “light touch” regulatory framework, signaling a new phase for the mining industry. The Surge in Crypto Mining …

14 January

Crypto Miners in Abkhazia Fueling Power Crisis with Emergency Russian Energy

Abkhazia, a disputed region on the Black Sea, is grappling with a growing power crisis, largely fueled by the surge in cryptocurrency mining. As the demand for digital currencies skyrockets, local miners are increasingly relying on emergency energy supplies from Russia, putting further strain on an already fragile power grid. Crypto Mining and Its Energy Demands: Crypto mining is a …

14 January

FTX Pushes for February Payments: Final Requirements and Deadlines Revealed

FTX, once one of the world’s leading cryptocurrency exchanges, continues its bankruptcy proceedings as it prepares to begin distributing assets to creditors. A recent announcement from the company has set a crucial deadline for meeting pre-distribution requirements. If all goes as planned, FTX could start payments as early as February. FTX’s Timeline: FTX has established a deadline for customers and …

14 January

Crypto-Friendly ZA Bank Eyes Expansion with Physical Branches in Hong Kong

ZA Bank, Hong Kong’s first virtual bank to obtain a license for cryptocurrency-related services, is making bold moves toward expanding its presence in the city. The bank, known for its crypto-friendly stance, has announced plans to open physical branches in Hong Kong, signaling a new era for both the traditional banking and crypto industries. ZA Bank’s Vision for the Future: …

14 January

Chainalysis Bolsters Crypto Security with $150M Acquisition of AI Startup Alterya

In a move that underscores the growing importance of artificial intelligence in combating financial crime, blockchain analytics firm Chainalysis has acquired Alterya, an AI-driven fraud detection startup, for $150 million. This acquisition marks a significant step forward in enhancing the security and compliance tools available to the cryptocurrency industry. What is Alterya? Alterya specializes in using advanced AI and machine …

14 January

Tether Finds New Home: Relocates to El Salvador with Fresh Operating License

In a groundbreaking move, Tether, the issuer of the world’s most widely used stablecoin, has officially relocated its operations to El Salvador. This decision follows Tether’s recent acquisition of an operating license under the Central American country’s digital asset regulations, solidifying its position as a major player in the global cryptocurrency landscape. Why El Salvador? El Salvador has emerged as …

14 January

Remixpoint Makes Waves with $3.2 Million Bitcoin Investment in Japan

Japanese financial services company Remixpoint has made headlines by completing a $3.2 million Bitcoin purchase, signaling a bold move into the ever-evolving cryptocurrency market. The acquisition underscores the growing acceptance of digital assets in mainstream financial circles, particularly in tech-savvy nations like Japan. Details of the Purchase Remixpoint, known for its work in fintech and energy management, executed the substantial …

14 January

Polymarket Faces Ban in Singapore Over Unlicensed Gambling Allegations

In a significant regulatory move, Singapore has banned Polymarket, a popular crypto-based prediction market platform, for allegedly facilitating unlicensed gambling activities. This decision highlights the city-state’s stringent approach to regulating online gambling and financial services, especially those involving cryptocurrencies. Background on Polymarket Polymarket, a decentralized prediction platform, allows users to wager on the outcomes of real-world events, from political elections …

13 January

Bitcoin Mining Hits Record 110 Trillion Difficulty Amid Rising Competition

Mining Challenges Surge: Bitcoin’s Difficulty Sets New All-Time High From Genesis to 110 Trillion: The Evolution of Bitcoin Mining Difficulty Bitcoin Mining Records: Hashrate Soars Toward Zettahash Milestone Bitcoin Mining: Rising Difficulty Signals a Stronger Network, Tougher Game The Bitcoin (BTC) ecosystem continues to break records, with mining difficulty rising to an all-time high of 110.45 trillion (T). This figure …