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Examining the Controversial World of Bitcoin Mining: MIT Research Validates Benefits and Raises Environmental Concerns
Written by Hazel J. Greene, Senior Analyst Bitcoin mining has been at the center of debates due to its significant energy consumption. While proponents argue that it offers various climate benefits and can contribute to grid stability, mitigate methane emissions, and expand renewable energy resources, a recent study by MIT researchers sheds light on the…
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Examining the Implications of Judge Faila’s Skepticism towards SEC’s Regulation of Crypto
Written by Hazel J. Greene, Senior Analyst Judge Katherine Polk Faila of the U.S. District Court for the Southern District of New York recently presided over a pre-motion conference regarding the Securities and Exchange Commission’s (SEC) lawsuit against Coinbase. This lawsuit, filed in early June 2023, alleges that Coinbase violated securities laws by listing certain…
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Recent Insights Shows Bitcoin Short-Term Holders Drive Exchange Inflows
Written by Hazel J. Greene, Senior Analyst On-chain data reveals an interesting trend in the Bitcoin market, with short-term holders (STHs) taking the lead in contributing to exchange inflows. According to a recent report from Glassnode, STHs have been actively making inflows into exchanges since February of this year. Short-term holders are defined as investors…
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Coinbase CEO to Engage Democrat Lawmakers on Crypto Regulation
Written by Hazel J. Greene, Senior Analyst On the horizon of the United States’ evolving crypto landscape, Brian Armstrong, Chief Executive Officer of Coinbase, is preparing to hold a meeting with Democrats from the United States House of Representatives this Wednesday. With the aim to explore a range of issues, this closed-door meeting with the…
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Shinhan Bank Successfully Conducts Stablecoin Remittance Test on Hedera’s Public Network
Written by Hazel J. Greene, Senior Analyst Shinhan Bank, one of South Korea’s oldest financial institutions, recently announced the successful completion of a stablecoin remittance pilot on Hedera’s open-source public network. In collaboration with SCB TechX, an innovation unit of Siam Commercial Bank, Taiwan’s largest financial institution, and other financial companies, this trial marks an…
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Injective Community Supports Historic Integration of XRP, Paving the Way for DeFi Innovation
Written by Hazel J. Greene, Senior Analyst The Injective community has voted in favor of integrating XRP, solidifying its position as a leading decentralized exchange platform. This exceptional collaboration between Injective and Ripple promises to revolutionize the world of decentralized finance (DeFi) and unlock new possibilities for crypto enthusiasts. The immense potential of XRP within…
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