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Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State

Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State

by turner wright | Jul 6, 2022 | Uncategorized

Moving rigs from New York to Texas was part of Riot’s effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.” Crypto mining firm Riot Blockchain said it has begun relocating rigs from its New York...
Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM's government

Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM's government

by turner wright | Jul 6, 2022 | Uncategorized

In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms” to the country’s financial services were ready to be presented to Parliament. Many officials responsible for regulating the United Kingdom’s financial system have...
Core Scientific sold $167M worth of Bitcoin holdings in June

Core Scientific sold $167M worth of Bitcoin holdings in June

by turner wright | Jul 5, 2022 | Uncategorized

The sale left the firm with ​​1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31. United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay...
Italian government will provide $46 million in subsidies for blockchain projects

Italian government will provide $46 million in subsidies for blockchain projects

by turner wright | Jul 5, 2022 | Uncategorized

All companies developing IoT, AI, or blockchain technology will be eligible to apply for government subsidies provided the funds will be used in specific sectors, such as health. The Ministry of Economic Development of Italy has announced that certain blockchain...
Crypto market volatility shows need for 'enhanced regulatory and law enforcement frameworks' — BoE

Crypto market volatility shows need for 'enhanced regulatory and law enforcement frameworks' — BoE

by turner wright | Jul 5, 2022 | Uncategorized

The central bank said the growth of the crypto market did not pose an “immediate threat” to the United Kingdom’s financial system, but had the potential to do so in the future. The Bank of England has called for “enhanced” regulations of crypto to address potential...
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