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Marathon’s first Bitcoin sale in 2 years not the result of distress

Marathon’s first Bitcoin sale in 2 years not the result of distress

by Luke Huigsloot | Feb 3, 2023 | Uncategorized

The sale is the first time Marathon Digital has sold its mined Bitcoin since October 2020, but a spokesperson said it wasn’t as a result of distress. The second largest publicly-listed holder of Bitcoin, crypto mining firm Marathon Digital Holdings has offloaded...
Indonesia targets launch of its national crypto exchange by June

Indonesia targets launch of its national crypto exchange by June

by Luke Huigsloot | Feb 3, 2023 | Uncategorized

Indonesia’s financial services regulator first expressed its intentions to establish a crypto exchange back in 2021. Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target...
Voyager victim calls for trustee to seize control of the estate

Voyager victim calls for trustee to seize control of the estate

by Luke Huigsloot | Feb 2, 2023 | Uncategorized

The 120-page motion came from a creditor who asked for the appointment of a chapter 11 trustee citing alleged fraud and incompetence at Voyager. A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s...
Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation'

Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation'

by Luke Huigsloot | Feb 2, 2023 | Uncategorized

While the rate increase was expected by the markets and Powell indicating more increases will come, the market seems to have reacted positively to the latest FOMC speech. The total crypto market cap jumped nearly 4% following a speech from United States Federal...
Crypto-friendly bank ends loans backed by crypto mining rigs

Crypto-friendly bank ends loans backed by crypto mining rigs

by Luke Huigsloot | Feb 1, 2023 | Uncategorized

After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022. The holding company for the crypto-friendly bank, BankProv, has revealed it’s no longer providing loans secured...
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