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Bitdeer Expands Bitcoin Mining Operations in Bhutan with New Fund
Bitdeer, a Singapore-based Bitcoin mining company led by Chinese billionaire Jihan Wu, has launched a closed-end fund to support its mining endeavors in Bhutan, a South Asian country known for its friendly stance towards cryptocurrencies. With plans to raise $80 million in the initial phase of the project, Bitdeer aims to take advantage of Bhutan’s…
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Earth-shattering Bitcoin Events and A Look at Potential Short-Term Upside of Mid-Cap Crypto Tokens
By: Zeng Han-Jun, Head of Research, Market Capital Research Two significant events has reached a fever pitch. First, there is the Bitcoin (BTC) halving and second, the potential approval of a spot Bitcoin ETF in the United States. However, investors are urged to exercise caution when investing in cryptocurrencies. These highly anticipated events may not…
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Ukraine’s Crypto Donations Surge as War with Russia Intensifies
According to a recent report by Crystal Blockchain, Ukraine, amidst its ongoing conflict with Russia, has received more than $225 million in cryptocurrency donations from supporters. This substantial influx of funds demonstrates the global crypto community’s solidarity with Ukraine’s struggle for peace and stability. In terms of prominent contributions, some leading companies and figures within…
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Elizabeth Warren and the BPI Find Common Ground on Digital Asset Anti-Money Laundering Act
Recent developments in the U.S. Congress have brought forth multiple bills aimed at regulating the country’s cryptocurrency industry. Amidst this legislative buzz, a surprising alliance has emerged. The Bank Policy Institute (BPI), a group of Wall Street lenders, has expressed its support for U.S. Senator Elizabeth Warren and her Digital Asset Anti-Money Laundering Act. This…
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Examining Gary Gensler’s Concerns about The Need for Regulatory Oversight in the Crypto Industry
The cryptocurrency sector has experienced exponential growth, attracting both enthusiastic investors and dubious characters aiming to exploit its decentralized nature. Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), has been a vocal advocate for regulatory oversight in the crypto industry. Gensler emphasizes that the crypto market is rife with fraud and…
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Emerging Technologies and the App Store: A Clash of Innovation?
As the world witnesses the rapid rise of blockchain technology and nonfungible tokens (NFTs), concerns have been voiced by U.S. lawmakers over the potential clash between platform guidelines, particularly within Apple’s App Store, and the flourishing realm of distributed ledger technology. Representatives Gus Bilirakis (R-FL) and Jan Schakowsky (D-IL) have recently shed light on these…
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