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2008 financial crisis looms large in Congressional crypto market hearing

2008 financial crisis looms large in Congressional crypto market hearing

A House Financial Services subcommittee held a hearing on market risks derived from volatile crypto markets.

The post 2008 financial crisis looms large in Congressional crypto market hearing appeared first on The Block.

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Bitcoin mining firm TeraWulf orders new machines, cost estimated at nearly $100 million

Bitcoin mining firm TeraWulf has ordered 30,000 new mining machines from Bitmain. The order cost is estimated at nearly $100 million.

The post Bitcoin mining firm TeraWulf orders new machines, cost estimated at nearly $100 million appeared first on The Block.

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Twitter is selling 140 Ethereum NFTs on Rarible

Social media giant Twitter is auctioning off seven different types of NFTs, with 20 available for each design.

The post Twitter is selling 140 Ethereum NFTs on Rarible appeared first on The Block.

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Visa makes five strategic crypto hires and placements

Payments giant Visa has bulked out its crypto team, hiring new talent and bringing in staff from the rest of the organization.

The post Visa makes five strategic crypto hires and placements appeared first on The Block.

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Bank of England chief economist: CBDCs could fundamentally disrupt centuries-old banking model

In a speech given on his last day as chief economist of the Bank of England after over 30 years at the central bank, Andrew Haldane spent a considerable amount of time ruminating over the consequences of the advent of Central Bank Digital Currencies (CBDCs).

The post Bank of England chief economist: CBDCs could fundamentally disrupt centuries-old banking model appeared first on The Block.

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Bitcoin ETF applicant Valkyrie raises $10 million in Series A funding

Crypto asset manager Valkyrie Investments, which recently applied for a bitcoin ETF, has raised $10 million in a Series A funding round.

The post Bitcoin ETF applicant Valkyrie raises $10 million in Series A funding appeared first on The Block.

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Blockware Mining raises $25 million amid bitcoin hashrate migration

Bitcoin mining firm Blockware Mining has raised $25 million in new funding to help boost its U.S. operations.

The post Blockware Mining raises $25 million amid bitcoin hashrate migration appeared first on The Block.

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Bitcoin mining firm Argo Blockchain takes $20 million loan to build out Texas facility

U.K.-based bitcoin mining firm Argo Blockchain has taken a $20 million loan to build out its facility in Texas, U.S.

The post Bitcoin mining firm Argo Blockchain takes $20 million loan to build out Texas facility appeared first on The Block.

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NYDIG’s latest deal enables even more banks to offer bitcoin purchases to customers

Local banks and credit unions will be able to use NYDIG’s custody services to offer their customers the ability to trade bitcoin.

The post NYDIG’s latest deal enables even more banks to offer bitcoin purchases to customers appeared first on The Block.

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Beijing, Suzhou enable China’s digital yuan payments for subways

Beijing and Suzhou have extended the testing of China’s central bank digital currency, dubbed the e-CNY, to their railway systems.

The post Beijing, Suzhou enable China’s digital yuan payments for subways appeared first on The Block.

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