While the Central Bank of Indonesia sees some negative parts to crypto, such as the ability for it to operate as a “shadow central bank,” it knows it needs to work on keeping up, but also not getting in the way either, and with that it’s developing a digital form of the Rupiah known as Project Garuda, Indonesia’s CBDC. At this point, crypto is too big in Indonesia to ban, so why not work with the industry and provide regulated payment layers, the prevailing logic goes. Source link

A U.S. bankruptcy court has granted Bitcoin (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund the firm amid its liquidity issues. Core Scientific is one of the largest cryptocurrency mining companies in the United States, but filed for Chapter 11 bankruptcy on Dec. 21 as a result of rising energy costs, declining revenue and the price of BTC in 2022. In a public statement made on that same day, Core Scientific outlined that it intends… Source link

At the same time, crypto exchanges and services that manage to keep “dirty” crypto out, have been further tightening anti-money laundering policies, effectively scaring away criminal actors: “The volume of funds sent to low-risk exchanges from scams fell by 24% in 2022 compared to 2021,” the report said. Source link

At the same time, crypto exchanges and services that manage to keep “dirty” crypto out, have been further tightening anti-money laundering policies, effectively scaring away criminal actors: “The volume of funds sent to low-risk exchanges from scams fell by 24% in 2022 compared to 2021,” the report said. Source link

Bitcoin (BTC): The largest cryptocurrency by market value was recently trading at $16,779, down 0.06% in the past 24 hours. The bitcoin price dropped as low as $16,566 midday Thursday before erasing the losses with a V-shaped recovery. Analysis of past data by Delphi Digital shows that bitcoin tends to lead major stock market bottoms by at least six weeks. “History shows that, on average, BTC has topped ~48 days and bottomed ~10 days before the SPX [S&P 500],” Delphi’s strategists, led by… Source link

Liliya Filakhtova Bit Digital (NASDAQ:BTBT) said Thursday it has begun ethereum (ETH-USD) staking operations as it expands beyond its core bitcoin mining operation. Shares of the company, which ended 8.3% higher on Thursday, climbed 9.6% after the bell. The cryptocurrency miner will stake its ETH holdings to an ethereum validator node to secure the blockchain. Stakers will be compensated with the native network token. Bit Digital (BTBT) expects to derive revenue from the ethereum… Source link

In a world where giants of the conventional financial system like Visa, Mastercard and PayPal employ tens of thousands of employees, Bitcoin continues to be run by a tight ship of just a few dozen active developers. New York Digital Investment Group (NYDIG), a Bitcoin-focused investment firm, published a report in September chronicling Bitcoin’s 14-year evolution from a software development perspective. The report, titled “Developers of Bitcoin,” found that there are only 40 to 60… Source link

NEW YORK, Dec. 22, 2022 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a digital asset mining company headquartered in New York, is pleased to announce that it has formally commenced Ethereum staking operations. Bit Digital intends to delegate, or stake, its ETH holdings to an Ethereum validator node to help secure and strengthen the blockchain network. Stakers are compensated for this commitment in the form of a reward of the native network token.

Monero receives a strong long-term technical score of 92 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, XMR holds a superior long-term technical analysis score than 92% of… Source link

Unique addresses on the BNB Chain crossed 230 million, surpassing Ethereum and becoming the “largest layer 1 blockchain in the world,” according to a company statement. Meanwhile, the network also witnessed “record-breaking highs” in transactional volume — reaching 9.8 million transactions in May. Growth despite crypto winter BNB Chain reported that the blockchain has “made significant strides in onboarding the next billion users into Web3.” Director of Growth & Ops at BNB… Source link