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...
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...
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...
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...
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...