Kentucky regulators deny discounted electricity rates for crypto mining firm
In a significant blow to Ebon International, a mining company eyeing Louisa, Kentucky, the state’s Public Service Commission has rejected a proposal for discounted electricity rates for their anticipated cryptocurrency mining facility. Ebon International had intended to invest a substantial $50 million in the establishment of a 100-megawatt mining operation, with plans for expansion to […]
How 50 Cent’s Bitcoin Payments turned him into a BTC whale and a millionaire
50 Cent, the renowned rapper and Grammy winner, has recently discovered that he is now a cryptocurrency millionaire. Back in 2014, when releasing his fifth album “Animal Ambition,” the artist decided to accept bitcoin as payment. his move has paid off handsomely, as it is estimated that he accumulated around 700 bitcoins from the album […]
Superpowered All-In-One Crypto Newsletter: Milkroad, Defiant, Messari, Bankless And CoinDesk
Welcome to The Wise Guy, Where we take cryptocurrency seriously, but we also know how to have a good time. That’s why we’ve curated the crème de la crème from not one, not two, but FIVE newsletters. MilkRoad, Defiant, Messari, Bankless, and CoinDesk Node. Defiant’s Top Story Markets Erase Weekly Gains After SEC Delays Bitcoin […]
Turkey’s on a crypto revolution – Over 50% of population joins the cryptocurrency wave
A recent report reveals that over 50% of Turkey’s population is investing in cryptocurrency, with a focus on long-term wealth building rather than seeking quick profits. The Turkish Lira’s depreciation against the US Dollar, losing over 50% of its value, has made crypto an attractive option to hedge against inflation. KuCoin, a major cryptocurrency exchange, […]
New York court just called Ethereum and Bitcoin as Commodities
A New York court has dismissed a proposed class action lawsuit against decentralized crypto exchange Uniswap while classifying two major cryptocurrencies, Ethereum (ETH) and Bitcoin, as commodities. The lawsuit, filed in April 2022, claimed that Uniswap violated U.S. securities laws by operating as an unregistered exchange and offering securities without proper registration. The court ruling […]
SEC extends Bitcoin ETF deadlines for BlackRock, Fidelity
The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision-making process for seven Bitcoin exchange-traded fund (ETF) proposals, which include applications from prominent firms like BlackRock, Fidelity, VanEck, and WisdomTree. The SEC extended the deadlines for these proposals to October 17, with some exceptions. The regulatory body cited the need for […]
Shiba Inu’s Shibarium Sees Explosive Growth with 500k wallets and $1.42M TVL
The Shiba Inu cryptocurrency, known as SHIB, has witnessed a surge in activity on its Layer two (L2) ecosystem called Shibarium. The number of addresses using Shibarium has almost reached 500,000, indicating impressive adoption within the Shiba Inu ecosystem. Despite a period of minimal traction, the recent hike in addresses and transactions has also impacted […]
Google ventures into Bitcoin territory: expanding Cloud operations in El Salvador
Google’s recent expansion of its Cloud operations into El Salvador has prompted speculation about potential Bitcoin-related motives. The tech giant has entered into a strategic partnership with the government of El Salvador, aiming to digitize government processes and assist healthcare with AI technology. This move aligns with El Salvador’s goal of becoming a technology innovation […]
Grayscale Bitcoin ETF Verdict : Why It Matters More Than You Think!
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Ethereum Gets Official Commodity Status! U.S. Court Tosses Investor Suit Against Uniswap! 2️⃣ YouTuber Loses $60K Worth of Crypto Live on Stream […]
Max Keiser’s warns about approaching economic apocalypse: Is Bitcoin to the Rescue?
Financial broadcaster Max Keiser, an advisor to the president of El Salvador, has issued a warning that an economic collapse is imminent, potentially unfolding within months. Keiser, known for his advocacy of Bitcoin, discusses the failing fiat money systems, rising inflation, and the role that Bitcoin could play in the future of finance. He points […]