Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry

Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry

Post Views: 455 On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware manufacturers and buyers by providing an all-in-one…

Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2

Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2

Post Views: 300 Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research…

Finder’s Experts See ‘Fairly Bright Future’ for Binance Coin — Predict BNB Reaching $781 by 2025 and $1,814 by 2030

Finder’s Experts See ‘Fairly Bright Future’ for Binance Coin — Predict BNB Reaching $781 by 2025 and $1,814 by 2030

Post Views: 299 A panel of crypto industry experts “sees a fairly bright future ahead” for Binance coin, predicting bnb to rise to $781 by 2025 and $1,814 by the end of 2030. One expert explained that “Since the bnb chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030.”…

The Web 3․0 Winter Is Coming: Bucking the Trend With Karmaverse Zombie

The Web 3․0 Winter Is Coming: Bucking the Trend With Karmaverse Zombie

Post Views: 526 A crypto winter has come. With BitCoin (BTC) falling over 70% from its all time high along with Ethereum, and a steady drumbeat of news involving crypto-related funds, companies, and projects collapsing, it is clear that the last round of cryptomania has come to a close. Even juggernauts of GameFi such as…

UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not ‘Stifle Development’

UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not ‘Stifle Development’

Post Views: 329 According to the Law Commission, the United Kingdom statutory body, digital assets play an increasingly important role in modern society and as such, the law relating to these must be reviewed. Reforming the laws will not only protect the rights of users and maximize the potential of digital assets but can potentially…

Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate

Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate

Post Views: 352 Crypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike. The Fed opted to raise rates by 75 basis points (bps) for a second consecutive meeting. Bitcoin briefly rose above the $23K mark earlier in the day, with ethereum rallying to a fresh…

UK National Crime Agency Seizes $33 Million in Cryptocurrency

UK National Crime Agency Seizes $33 Million in Cryptocurrency

Post Views: 402 The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. The British National Crime Agency (NCA) published its annual report 2021-22 this week. The NCA…

European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space

European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space

Post Views: 905 Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is also concerned over the lack of clarity regarding which digital assets it’s supposed to supervise. The Paris-based EBA was established in 2011,…