Gets Full Approval to Operate Crypto Exchange in the Cayman Islands, a cryptocurrency exchange headquartered in London, announced that it had received full regulatory approval from the Cayman Islands Monetary Authority (CIMA) to operate its exchange and clearing house in the Cayman Islands. Following the approval, the Bahamas-based company said it would begin offering regulated crypto derivatives products and trading services to institutional investors in … Read more

Digihost Plans to Move Mining Rigs from NY to Alabama, Expand Energy to 55 MW in 2023

U.S.-based crypto miner Digihost Technology Inc. plans to move drilling rigs from New York to Alabama, expanding energy capacity to 55 MW in the second quarter of 2023. Bitcoin miners are on track to have energy capacity at their Alabama facility in Q4 2022 after the company completes construction of its 55 megawatts (MW) facility … Read more

Robinhood’s Crypto Unit Slammed With $30M Fine

The digital currency arm of a commission-free brokerage firm, Robinhood Crypto, has been slammed with a fine of $30 million by the New York Department of Financial Services (NYDFS). The sanctions came as the regulator discovered that Robinhood Crypto violated a number of extant regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) violations, … Read more

Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss

The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with “poor balance sheet management” and not the underlying blockchain technology, says Kraken Australia’s managing director Jonathon Miller. Speaking with Cointelegraph, the Australian crypto exchange head argued that sectors such as Ethereum-based decentralized finance (DeFi) revealed its fundamental strength … Read more

Economies Are Too Complicated To Control – Bitcoin Magazine

This is an opinion editorial by Max Borders, a well-published author and a contributor for Bitcoin Magazine. Well into the Great Recession, arch-Keynesian Paul Krugman wrote that what drew him to economics was, “The beauty of pushing a button to solve problems.” Yet economies don’t have buttons. Similarly, imagine someone who claimed they could build, … Read more

Solana NTF Marketplace Magic Eden Is Expanding to Ethereum Blockchain

Leading Solana NFT marketplace Magic Eden, accounting for over 90% of secondary NFT trades on the blockchain network, announced on Tuesday that it is expanding to the Ethereum blockchain. The expansion would enable Magic Eden to integrate Ethereum NFTs into its platform. The company said that such integration would enable it to provide the same “go-to-market” benefits … Read more

New Optimistic Buyers Flock To Bitcoin – Bitcoin Magazine

This is an opinion editorial by Mike Ermolaev, head of public relations at the ChangeNOW exchange and a contributor for Bitcoin Magazine. A much-awaited recovery rally has occurred for bitcoin prices after a month of consolidation around $20,000. Interestingly, this coincides with the previous cycle peak in 2017. Short-term momentum remains favorable, while longer-term macro … Read more

Paystand Acquires Accounts Payable Startup Yaydoo

Marking its entry into the Mexican market, the US-based blockchain-enabled B2B payments company Paystand has acquired Mexican accounts payable startup Yaydoo, for an undisclosed sum, according to a report by Axios media on Tuesday. The acquisition is important as it signals Paystand’s rising interest in fintech startups to expand overseas. Paystand majorly operates its business … Read more