Crypto World News

2024-04-16 09:41:22 ETF Analyst Offers Sober Outlook on Newly Approved Hong Kong Bitcoin ETFs; Challenges $25B Inflow Estimate

Following Hong Kong’s authorization of the region’s first spot bitcoin and ethereum exchange-traded funds (ETFs), Bloomberg’s senior ETF analyst Eric Balchunas shared his insights on social media about the new additions. Although there were anticipations of notable capital inflows into the Hong Kong ETFs, Balchunas mentioned that while it’s a positive step forward, he emphasized that Hong Kong’s ETFs would be “lucky to get” around $500 million in total flows.

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2024-04-15 19:07:26 Norway Wants to Restrict Crypto Mining by Regulating Data Centers, Lawmakers Say: Report

Norway's government is introducing a law for data centers partly in an effort to block energy-intensive crypto mining in the country, according to a report by local news outlet VG that cited two lawmakers. Digitalization Minister Karianne Tung and Minister for Energy Terje Aasland say the law will regulate the data-center industry for the first time, requiring operators of the centers to be registered with local regulators, the report said.

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2024-04-15 16:24:18 Top 5 Daily Gainers & Losers

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2024-04-15 09:36:38 Congressman Patrick McHenry says the US needs to be a leader in Bitcoin

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2024-04-14 18:50:59 Top 5 Daily Gainers & Losers

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2024-04-14 09:15:57 US Treasury: Russia Turns to Tether (USDT) to Evade Sanctions

Adeyemo emphasized the necessity of enhancing secondary sanctions capabilities within the Treasury, directed towards digital asset providers. Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods, such as the stablecoin Tether (USDT), to evade sanctions and sustain its military operations. The hearing, titled “Countering Illicit Finance, Terrorism, and Sanctions Evasion,” marks the committee’s second discussion on the topic within the last six months.

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2024-04-13 18:47:18 Bitfarms expands Bitcoin mining hashrate to 7 EH/s with Quebec upgrades

Bitfarms announced on April 12 that it completed upgrades to its Bitcoin mining facilities in two locations, bringing its total hash rate to 7 EH/s. Bitfarms installed 3,168 T21s devices at its Garlock, Québec facility, plus 1,710 T21s and 100 M53S+ hydro miners at its Farnham, Québec site. Geoff Morphy, President and CEO of Bitfarms, emphasized the benefit of efficiency, asserting the “transformative nature of [the] upgrade plan.” He noted that greater efficiency prepares the company for Bitcoin’s upcoming halving event.

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2024-04-10 10:36:35 JUST IN: US Senator Cynthia Lummis says high ranking government officials feel threatened by Bitcoin because they can’t control it

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2024-04-09 20:27:08 US Treasury official targets Tether USDT stablecoin in Russian sanction evasion

US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written testimony on April 9 to the Senate Banking, Housing, and Urban Affairs Committee. This remark follows increasing reports that malicious actors used Tether’s stablecoin for their illicit activities. Notably, the US and UK governments launched a joint investigation into crypto transactions worth over $20 billion that may have violated Russian sanctions involving the stablecoin.

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2024-04-09 18:30:02 Top 5 Daily Gainers & Losers

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