Mike Novogratz: 200X returns from cryptocurrency are “not normal”
The extraordinary profits observed in the cryptocurrency market, according to ex-LUNAtic Mike Novogratz, are just unsustainable. Making more than 200X returns on cryptocurrency investments is “not normal,” according to Mike Novogratz, the billionaire founder of crypto asset management company Galaxy Digital. Novogratz forewarned attendees of the Christie’s Art + Tech Summit in New York on […]
Compass Mining adds 25,000 ASIC miners after worker cutbacks
Compass mining, a Bitcoin mining company aims to grow its fleet of mining machines after layoffs and executive wage cuts. Compass Mining has disclosed expansion ambitions in the form of a 75 megawatt (MW) hosting agreement with Compute North for its data center in Granbury, Texas, just weeks after announcing worker layoffs and wage reductions. […]
SCB delays acquisition of Bitkub due to strict Thai crypto regulations
Due to strict cryptocurrency rules, Siam Commercial Bank (SCB) is unable to buy the largest local bitcoin exchange in the nation. A subsidiary of Siam Commercial Bank (SCB), SCB X Group, announced in November 2021 that as part of its strategy to establish itself as a regional fintech, it will buy a 51 percent ownership […]
Dogecoin releases a fresh upgrade to boost security and effectiveness
The main software for the Dogecoin (DOGE) project has received an update from the developers that enhances the user interface, security, and effectiveness. Dogecoin Core 1.14.6, the most recent update, went live early on Thursday, and all users of the network were asked to update. The most recent version includes a number of new features, […]
SEC opposes XRP owners helping with Ripple defense
The SEC wants to prevent specific “friends of the court” who support Ripple from offering legal assistance to the defense as the lawsuit against Ripple continues. The Securities and Exchange Commission (SEC) of the United States is attempting to prevent Ripple (XRP) holders from supporting Ripple’s defense and forbid attorney John E. Deaton from participating […]