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Coinbase Files Brief in Support of Ripple Labs in XRP Lawsuit, Asks Judge To Deny SEC Summary Judgement Motion

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Posted on November 16, 2022

Coinbase is filing an amicus brief in support of Ripple Labs amid the San Francisco payment company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The top US crypto exchange requested permission to file the brief in late October and on Monday, U.S. District Judge Analisa Torres ruled that Coinbase and all

Bitcoin miner Canaan seeks to expand operations despite decline in Q3 revenue

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Posted on November 14, 2022

Bitcoin miner Canaan reported a fall in the third-quarter results with revenue seeing a fall of 25.8% from the year-ago quarter. Non-GAAP net income for the quarter was $23.4 million, a decrease of 71.7% from the same period in 2021. The company’s revenue for Q3 2022 was $137.5 million. However, mining revenue in Q3 2022

Blockchain and the world’s growing plastic problem – Cointelegraph Magazine

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Posted on November 14, 2022

Everything makes its way to the sea, and none more so than plastics. There are now five floating plastic islands in different oceans across the world, with the largest island even having a name, the Great Pacific Garbage Patch, which is three times the size of France. Lying between California and Hawaii, it is the

St. Kitts and Nevis to adopt Bitcoin Cash as legal tender in 2023

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Posted on November 13, 2022

St. Kitts and Nevis Prime Minister Terrance Drew announced that BCH will become legal tender in the country by March 2023 during a BCH conference in St. Kitts and Nevis. He added that the country will also look into mining BCH and welcomes dialogue and exploration of “future opportunities” with the cryptocurrency. The Prime Minister

Crypto market sees biggest miner selling pressure since January 2021

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Posted on November 12, 2022

The ongoing market slump caused by the FTX fallout hasn’t left Bitcoin miners unscathed. The market has seen the biggest one-day miner selling pressure since January 2021, and data analyzed by CryptoSlate shows that the selling pressure shows no signs of stopping. We could see extended selling pressure from miners until the average hash price

FTX goes up in flames and impacts the broader crypto industry, causing regulators to respond: Hodler’s Digest, Nov. 6-12

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Posted on November 12, 2022

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week FTX and Binance’s ongoing saga: Everything that’s happened until now

Ethereum becomes most deflationary in history as activity spikes amid FTX collapse

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Posted on November 12, 2022

Ethereum became the most deflationary in its history, as the annual supply dipped below zero for the first time since the Merge. According to Ultrasound Money, the annual inflation rate has fallen to -0.032/year, which indicates that the network is now burning more Ethereum than its minting. The negative inflation rate has decreased Ethereum’s net

SEC vs. Ripple: Fintech Firm Seeks To File Amicus Brief in Support of Regulator in XRP Lawsuit

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Posted on November 11, 2022

The CEO of financial technology firm InvestReady is seeking the court’s approval to file a legal document that will support the U.S. Securities and Exchange Commission (SEC) in its legal suit against payments company Ripple Labs. In a Linkedin post, Adrian Alvarez says that the recent fiasco involving crypto exchange FTX prompted him to consider

Marathon Digital becomes 2nd largest Bitcoin holder among public companies, has not sold any BTC

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Posted on November 8, 2022

Marathon Digital CEO Fred Thiel said on a Nov. 8 earnings call that the company is going through a “transition period” as it looks to grow from 7EH/s to 23EH/s by mid-2023. Marathon increases hashrate Further, the company has increased its number of Bitcoin miners to 6,000, resulting in a rise from 72 BTC mined

Marathon Digital’s BTC production slumps 51% in Q3; Revenue takes further hit from falling BTC price

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Posted on November 8, 2022

Bitcoin (BTC) mining company Marathon Digital Holdings’ (NASDAQ:MARA) earnings report for Q3 2022 shows that the company’s production fell 51% to 616 Bitcoins from 1,252 Bitcoins in Q3 2021. The company also recorded $12.7 million in revenue, as opposed to the $51.7 million in the prior-year quarter. Marathon said the decline mainly resulted from lower

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