The local government of British Columbia is banning new crypto mining connections to the hydro power grid, citing unprecedented electricity demand. In a statement on Monday, the British Columbia (BC) government announced a set of new legislation aimed at stimulating the economy and helping the state-owned electric utility provider BC Hydro address its power availability.…
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Crypto exchange Coinbase has urged the US government to use blockchain analytics, artificial intelligence and other modern technology to curb financial crime in the space, in response to the Treasury Department’s request for comment on how to deter illicit activity in crypto. In the letter penned by chief legal officer Paul Grewal, dated Oct. 17…
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The next crypto bear market could be particularly brutal and driven by a business cycle downturn that has never been seen in crypto before, according to analyst Willy Woo. The next bear market “will be defined by another cycle people forget about,” said Woo on Monday. He said that we’ve previously had two cycles superimposed…
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The three-week-long US government shutdown is “likely to end sometime this week,” according to a White House economic adviser, potentially reviving crypto regulatory progress. “I think the Schumer shutdown is likely to end sometime this week,” Hassett told CNBC’s Squawk Box segment on Monday, referring to Senate Minority Leader Chuck Schumer, whom Republicans have pointed…
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Nasdaq-listed Bitcoin mining company CleanSpark’s shares soared over 13% on Monday, after the company announced a strategic expansion into artificial intelligence. CleanSpark, the fifth-largest Bitcoin (BTC) mining company by market capitalization, announced a new strategy to expand into AI data center infrastructure, aiming to diversify its revenue streams and strengthen long-term cash flow potential. To…
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The US government is entering its third week shut down, with a Senate vote scheduled for Monday evening to end the funding impasse, and a separate meeting on Wednesday where lawmakers and crypto executives will discuss the long-stalled crypto market structure bill. The Senate will vote at 5:30 p.m. ET for the 11th time in…
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Key points: Bitcoin and most major altcoins have bounced off their support levels, indicating solid demand at lower levels. Buyers may find it difficult to sustain the recovery, as the bears are expected to sell on rallies. Bitcoin (BTC) made a strong comeback on Monday, rising above $111,000. Traders turned bullish after US President Donald…
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Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology. The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages…
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Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its BTC stash last week amid another market sell-off following the Black Friday crypto crash. Strategy acquired 168 Bitcoin (BTC) for $18.8 million last week, according to data published by Strategy on X on Monday. The latest Bitcoin acquisition was made at an average…
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Opinion by: Andreas Melhede, co-founder of Elata Biosciences Neuralink’s first-ever brain implant is turning science fiction into reality. It’s a coin-sized device with hair-thin electrode threads that a surgical robot weaves into the brain’s cortex to read and send neuron signals. These signals are then transmitted wirelessly to a computer, allowing the person wearing the…
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