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Weekly overview

‘Bad batch’ or flawed design? Compass Mining flags problems with new ASIC miners

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers. Bitcoin mining company Compass Mining claims to have found “three issues” in the…

Continue Reading‘Bad batch’ or flawed design? Compass Mining flags problems with new ASIC miners

Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing to a close, Canaan BTC miner sales revenue plunges 60%. Our weekly roundup of news…

Continue ReadingThailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express

Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

BTC and altcoin prices succumbed to this week’s negative newsflow, but sentiment analysis and on-chain data point to the possibility of a short-term bounce. March started off on a low…

Continue ReadingBitcoin price falls to a multi-month low, but data points to a possible short-term bounce

Biden budget proposes 30% tax on crypto mining electricity usage

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources. United States crypto miners could eventually be subject…

Continue ReadingBiden budget proposes 30% tax on crypto mining electricity usage

Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

According to Mike Belshe, the United States Securities and Exchange Commission’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way…

Continue ReadingInvestors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO

NY AG sues KuCoin for selling securities and commodities without registration

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

New York Attorney General Letitia James says the suit is the first time a regulator has claimed that Ether is a security in court. New York state Attorney General Letitia…

Continue ReadingNY AG sues KuCoin for selling securities and commodities without registration

Blockchain.com suspends its asset management subsidiary launched in April: Report

  • Post author:admin
  • Post published:March 10, 2023
  • Post category:Weekly overview

The timing of opening the subsidiary was unfortunate, a spokesperson told Bloomberg, although the company held up to the crypto winter for quite a while. Cryptocurrency financial services company Blockchain.com…

Continue ReadingBlockchain.com suspends its asset management subsidiary launched in April: Report
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