Bitcoin mining company Marathon Digital Holdings has revealed that 75% of its mining capability has been out of commission since a severe storm hit Montana on June 11. Marathon finally issued a statement on its website on June 28 explaining that the storm struck across the town of Hardin, Montana on June 11, damaging the power generating facility that supplies Marathon’s local mining operations. According to the company, “initial electrical tests have found that the majority of the Company’s ...

Bitcoin mining company Marathon Digital Holdings has revealed that 75% of its mining capability has been out of commission since a severe storm hit Montana on June 11. Marathon finally issued a statement on its website on June 28 explaining that the storm struck across the town of Hardin, Montana on June 11, damaging the power generating facility that supplies Marathon’s local mining operations. According to the company, “initial electrical tests have found that the majority of the Company’s ...

Ethereum's native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months. ETH/BTC weekly price chart. Source: TradingViewETH/BTC dynamicsThe ETH/BTC pair's bullish trends typically suggest an increasing risk appetite among crypto traders, where speculation is more focused on Ether's future valuations versus keeping their capital long-term in BTC. Conversely, a bearish ETH/BTC cycle is ty...

Ethereum's native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months. ETH/BTC weekly price chart. Source: TradingViewETH/BTC dynamicsThe ETH/BTC pair's bullish trends typically suggest an increasing risk appetite among crypto traders, where speculation is more focused on Ether's future valuations versus keeping their capital long-term in BTC. Conversely, a bearish ETH/BTC cycle is ty...

Bitcoin fell below the $18,500 price level for the first time Saturday, failing to rebound back to the $20,000 to $23,000 range it had been steadily trading at last week. As of press time, bitcoin was trading at about $18,319 a coin, a 10.8% decline over the past 24 hours. Bitcoin’s market capitalization slumped to about $350 billion, a 73% decline from its November all-time high, according to CoinGecko. The price drop of bitcoin also marks the breach of a significant price level – namely, bi...

Bitcoin fell below the $18,500 price level for the first time Saturday, failing to rebound back to the $20,000 to $23,000 range it had been steadily trading at last week. As of press time, bitcoin was trading at about $18,319 a coin, a 10.8% decline over the past 24 hours. Bitcoin’s market capitalization slumped to about $350 billion, a 73% decline from its November all-time high, according to CoinGecko. The price drop of bitcoin also marks the breach of a significant price level – namely, bi...

The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed. According to a Wednesday report from Bloomberg, the United States Department of the Treasury and Internal Revenue Service may not be willing to enforce crypto brokers collecting information on certain transactions starting in January 2023, citing people familiar with the matter. The potential dela...

The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed. According to a Wednesday report from Bloomberg, the United States Department of the Treasury and Internal Revenue Service may not be willing to enforce crypto brokers collecting information on certain transactions starting in January 2023, citing people familiar with the matter. The potential dela...

Coinbase Derivatives Exchange, formerly known as FairX, is launching its first crypto derivatives product this month, hoping to attract more retail traders. The CFTC regulated futures exchange will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according to a statement sent to CoinDesk. “The crypto derivatives market represents $3T in volume worldwide and we believe that additional product development and accessibility will unlock significant growth,” the statement sa...

Coinbase Derivatives Exchange, formerly known as FairX, is launching its first crypto derivatives product this month, hoping to attract more retail traders. The CFTC regulated futures exchange will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according to a statement sent to CoinDesk. “The crypto derivatives market represents $3T in volume worldwide and we believe that additional product development and accessibility will unlock significant growth,” the statement sa...

Three weeks ago – before Consensus 2022, before the Federal Reserve put the fear of God into crypto traders, before the Celsius meltdown sent bitcoin on a downward spiral toward $20,000 – I wrote a column about the challenges quantum computing poses to blockchains. Like clockwork came the cries of “FUD” from the Crypto Twitterati. You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and trans...

Three weeks ago – before Consensus 2022, before the Federal Reserve put the fear of God into crypto traders, before the Celsius meltdown sent bitcoin on a downward spiral toward $20,000 – I wrote a column about the challenges quantum computing poses to blockchains. Like clockwork came the cries of “FUD” from the Crypto Twitterati. You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and trans...

For Maurice Mureau, CEO of crypto investment fund operator Hodl, there's "not a lot left" to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult but there is one asset class that's (unsurprisingly) catching the fund manager's attention — cryptocurrencies. During the European Blockchain Convention in Barcelona this week, Cointelegraph editor Aaron Wood sat down with Mureau, who gave his insight on the outlook of the digital assets in...

For Maurice Mureau, CEO of crypto investment fund operator Hodl, there's "not a lot left" to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult but there is one asset class that's (unsurprisingly) catching the fund manager's attention — cryptocurrencies. During the European Blockchain Convention in Barcelona this week, Cointelegraph editor Aaron Wood sat down with Mureau, who gave his insight on the outlook of the digital assets in...

Among the blockchain ecosystem's biggest uncertainties is the type and amount of regulation that will exist in the future. The only thing that seems sure is that more and more compliance challenges are coming for the industry. As I’ve written in the past, this is mostly a good thing. Fair rules and a level playing field will unlock a huge amount of institutional capital that wants to get into this exciting new ecosystem. The question people must ask, however, is less “When?” and more “Ho...

Among the blockchain ecosystem's biggest uncertainties is the type and amount of regulation that will exist in the future. The only thing that seems sure is that more and more compliance challenges are coming for the industry. As I’ve written in the past, this is mostly a good thing. Fair rules and a level playing field will unlock a huge amount of institutional capital that wants to get into this exciting new ecosystem. The question people must ask, however, is less “When?” and more “Ho...

Crypto infrastructure company Prime Trust said Wednesday it raised $107 million in Series B funding as it looks to broaden its product categories, including crypto retirement products and asset tokenization. The Las Vegas-based company has already forged a handful of deals that bring crypto to retirement investors, most notably via Swan Bitcoin’s bitcoin individual retirement account (IRA). With more competitors including Fidelity making access to crypto retirement investing easier, Prime Tru...

Crypto infrastructure company Prime Trust said Wednesday it raised $107 million in Series B funding as it looks to broaden its product categories, including crypto retirement products and asset tokenization. The Las Vegas-based company has already forged a handful of deals that bring crypto to retirement investors, most notably via Swan Bitcoin’s bitcoin individual retirement account (IRA). With more competitors including Fidelity making access to crypto retirement investing easier, Prime Tru...

Goldman Sachs is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, according to two people familiar with the matter. The proposed deal would allow investors to buy up Celsius’ assets at potentially big discounts in the event of a bankruptcy filing, the people said. Goldman Sachs appears to be gauging interest and soliciting commitments from Web3 crypto funds, funds specializing in distressed assets and traditional financial institution...

Goldman Sachs is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, according to two people familiar with the matter. The proposed deal would allow investors to buy up Celsius’ assets at potentially big discounts in the event of a bankruptcy filing, the people said. Goldman Sachs appears to be gauging interest and soliciting commitments from Web3 crypto funds, funds specializing in distressed assets and traditional financial institution...

This episode is sponsored by EY. On today’s episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren explore some recent work by the Bretton Woods Committee, a body that was founded in 1983 to help improve the effectiveness of international financial institutions, such as the International Monetary Fund and the World Bank. The latest brief from the Bretton Woods Committee highlights the potential blockchain technologies have in boosting privacy, lowering costs associated with inte...

This episode is sponsored by EY. On today’s episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren explore some recent work by the Bretton Woods Committee, a body that was founded in 1983 to help improve the effectiveness of international financial institutions, such as the International Monetary Fund and the World Bank. The latest brief from the Bretton Woods Committee highlights the potential blockchain technologies have in boosting privacy, lowering costs associated with inte...

Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra (LUNA, now rebranded LUNC) and Celsius (CELH) and the following market sell-off will lead to regulatory action that will likely favor Bitcoin (BTC) over the rest of cryptocurrency. “I'm going to be watching for regulation developments, just signifying that Bitcoin is a digital property and that maybe there's more fair accounting that can be done to allow institutions to invest," she s...

Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra (LUNA, now rebranded LUNC) and Celsius (CELH) and the following market sell-off will lead to regulatory action that will likely favor Bitcoin (BTC) over the rest of cryptocurrency. “I'm going to be watching for regulation developments, just signifying that Bitcoin is a digital property and that maybe there's more fair accounting that can be done to allow institutions to invest," she s...