Oman Introduces a Crypto Mining Center Valued at $350 Million

This is the second major crypto mining facility that popped up in Oman after the one in November 2022.

Oman Introduces a Crypto Mining Center Valued at $350 Million

Oman’s Ministry of Transport, Communications, and Information Technology (MTCIT) has reportedly opened a new data hosting and cryptocurrency mining center in the Salalah Free Zone. The fac...

1 year ago

China's Deflationary Woes and the Ripple Effect on Bitcoin

China's economy slipping into deflation for the first time in more than two years

China's Deflationary Woes and the Ripple Effect on Bitcoin

China's economy slipping into deflation for the first time in more than two years might have negative near-term impacts on Bitcoin (BTC).  In the la...

1 year ago

Judge Approves Investment Banker as Declarant in SEC vs. Ripple Legal Battle

Ripple legal battle

Judge Approves Investment Banker as Declarant in SEC vs. Ripple Legal Battle

In the latest development of the legal case between the United States Securities and Exchange Commission and Ripple Labs, Judge Analisa Torres has approved the participation of an investment ban...

1 year ago

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

The much-awaited Shibarium network saw over 21 million wallets created during its testnet and is expected to position Shiba Inu as a serious DeFi contender.

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

Shiba Inu developers on Wednesday were set to push live the much-awaited Shibarium blockchain, an Ethereum layer-2 network that uses SHIB tokens as fees, a representative told CoinDesk.

1 year ago

Singapore busts $735 million alleged money laundering case involving crypto

Police in Singapore said it seized 11 documents with information on cryptocurrency assets, but it’s unclear how much worth of crypto was involved.

Singapore busts $735 million alleged money laundering case involving crypto

Singaporean police Tuesday arrested 10 foreign nationals on suspicion of money laundering and seized assets worth about S$1 billion ($735 million) including cryptocurrencies, the police said.

1 year ago

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval

Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval

Bankrupt crypto lender Celsius is to hold a vote on its plan to sell assets to the Fahrenheit consortium, after a judge on Thursday approved disclosures that suggested creditors can ex...

1 year ago

Bitcoin price briefly dips below $26K, falling to two-month lows

The price of Bitcoin fell around 8% in just 10 minutes on Aug. 17, down to levels not seen since June 20.

Bitcoin price briefly dips below $26K, falling to two-month lows

Elon Musk’s SpaceX reportedly selling its Bitcoin holdings, the bankruptcy of a Chinese property giant, and fears of interest rate hikes have been among the theories raised ...

1 year ago

Ledger Adds PayPal as On-Ramp for Bitcoin, Ethereum Purchases

Ledger users can now buy crypto through the Ledger Live App using PayPal, with direct storage to their hardware wallet.

Ledger Adds PayPal as On-Ramp for Bitcoin, Ethereum Purchases

Hardware crypto wallet provider Ledger is launching a new on-ramp solution with PayPal. Owners of a Ledger Wallet can now use their PayPal accounts to acquire cryptocurrencies like&nbs...

1 year ago

Asia promotes crypto clarity amid regulatory uncertainty in the U.S.

Asia is emerging as a place for clearer crypto regulation, with Singapore and Hong Kong taking the lead.

Asia promotes crypto clarity amid regulatory uncertainty in the U.S.

Asia is promoting crypto clarity amid regulatory uncertainty in the U.S., and this could make the region more attractive to investors, according to industry observers. “Cryptocur...

1 year ago

Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump

Crypto long trader account

Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump

Bitcoin (BTC) and ether (ETH) futures traders took on some of the largest losses in over a month as prices moved under support levels in the past two days - breaking down from a period of stagna...

1 year ago

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