Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
BitFury
The Fed and SEC are Both Hurting Bitcoin: BitFury CEO
Brian Brooks – CEO of blockchain technology company BitFury – recently spoke on the state of the economy, crypto markets, and the regulatory situation. He said that both the Federal Reserve and SEC’s approaches to markets harm Bitcoin in the short term. Bitcoin VS The SEC During an interview with CNBC on Monday, Joe Kernen began by asking Brooks whether regulation was a net cost or benefit for crypto. He specifically referenced Securities and Exchange Commission (SEC) Chairman Gary Gensler,…
3 years ago
Bitfury Joins UNDP to Enhance Reduction of Greenhouse Gas Emissions In Kazakhstan
A study revealed that 74.1% of Bitcoin mining gets powered by renewables; therefore, the activity does not use a high carbon footprint. Kazakhstan is prosperous in reducing the energy it consumes every year by 25 to 45%, within the previous five years, through a pilot aimed at heating residential buildings. On the other hand, Bitfury, a blockchain development company, is ready to partner with UNDP towards the conservation and increment of the forestland in Kazakhstan. On the 14th of January,…
5 years ago