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Northern Data, Europe's largest Bitcoin miner, has announced the potential sale of its mining division, Peak Mining, as part of a strategic shift to fully focus on its fast-growing AI solutions business, according to an October 21 press release. He is reportedly considering sex.The potential sale marks a significant departure from the company's mining roots, as the company aims to reinvest the proceeds into further expanding its AI capabilities.AI pivotThe decision comes as Northern Data's AI Solutions division continues to see strong growth, with three consecutive quarters of increased revenue, driven by demand for its Generative AI Cloud platform and…

On October 18, Coinbase filed two new Freedom of Information Act (FOIA) requests seeking clarity on the regulation of cryptocurrencies in the United States.The new request is directed to the Federal Deposit Insurance Corporation (FDIC) and was filed by History Associates Incorporated on behalf of the exchanges.Paul Grewal, Coinbase's chief legal officer, said one of the demands is to clarify the 15% deposit cap allegedly imposed on digital asset companies. The request alleges that banks such as Signature Bank, Customers Bank, Cross River Bank, Western Alliance Bank and Silver Gate Bank are subject to a 15% deposit limit.The requested documents…

rise of Bitcoin Prices of other cryptocurrencies rose late last week as investors poured heavily into digital asset funds, according to full-week data released Monday.These vehicles have seen their highest inflows since July, with a whopping $2.2 billion flowing into them over the past week, according to data from European asset management firm CoinShares.CoinShares said most of the money came from U.S. investors seeking exposure to Bitcoin, with $2.13 billion worth of inflows last week.That's because investors are increasingly bullish that former President Donald Trump will win next month's election, according to a report on Monday. Business tycoon and Republican…

It came down just as quickly as it went up.Bitcoin's price was rapidly approaching $70,000 per coin on Sunday, discouraging potential feats. Instead, it started to decline, falling below the $67,000 level late Monday morning. As a result, derivatives traders are hurting.The largest digital asset by market capitalization is currently trading at $67,300 after falling about 2% over the past day.A fall in Bitcoin means that futures traders who were long or were betting on a rise in Bitcoin's price suffered losses. Approximately $123 million in long positions were liquidated across all cryptocurrencies in the past 24 hours, according to…

A widely followed crypto analyst is warning against Bitcoin after BTC failed to breakout and fell to the $66,000 range early Monday. In a new video update, cryptocurrency strategist Benjamin Cowen tells his 818,000 YouTube subscribers that Bitcoin is showing similarities to the 2019 correction. “Even if Bitcoin starts to decline, even if it cannot break out of this situation, [resistance around $70,000]if that starts to fade, we'll start to see more similarities to 2019…not necessarily going in that direction, what happened when Bitcoin broke out. [in 2019]there had already been a 75 basis point rate cut and QE (quantitative…

Slovakia's central bank governor Peter Kazimir said on Monday it was increasingly likely that eurozone inflation would return to target next year, but the European Central Bank (ECB) needed more evidence before declaring victory. .Mr. Kasimir, an outspoken conservative, was one of the few policymakers this month to publicly express doubts about the need for a rate cut, but relented and ultimately supported what would be the third easing of policy measures this year. .”If new data and forecasts confirm that the pace of disinflation is accelerating, we will be in a strong and comfortable position to continue the easing…

Britain wants to plug a $22 billion hole in its public finances.One way to do that is to raise capital gains taxes.But the crypto industry warns that this could lead to a brain drain.This version of the story is guidance Newsletter for October 21st. sign up here.Rachel Reeves is in a predicament.The tech industry has warned that using capital gains tax to fill a £22bn “black hole” in the country's finances would put British businesses at risk. There is.Crypto industry insiders have warned that rising prices risk triggering a mass exodus of innovative companies.Nick Cowan, CEO of VLRM Capital, said:…

The crypto market is gradually regaining an “upward” sentiment as the Bitcoin price surges toward $70,000. This new momentum led crypto analysts to predict a bottom formation for Ethereum and a potential surge towards $4,000. However, ETH price showed a slight decline of 2.73% today, reaching $2,667, with a market cap of $322.2 billion. This retracement coincides with a 72% spike in 24-hour trading volume, indicating that the risk of a correction still exists. Analysts call bottom, Ethereum price set to rise by $4,000 Cryptocurrency analyst McKenna has given a bullish outlook on Ethereum, the second-largest cryptocurrency, in a recent…

Bitcoin erased 2% of its value on Monday and remains hovering around $67,000. Ethereum remains above $2,600, down nearly 3% on Monday. XRP is trading around $0.55 as holders understand the development of the lawsuit and Elon Musk's reaction to altcoins. Bitcoin, Ethereum, XRP updates Bitcoin is trading above $67,000 on Monday. The largest cryptocurrency by market capitalization lost 2% of its value on Monday, even as the Spot Bitcoin ETF recorded its seventh consecutive day of positive flows. Ethereum is trading at $2,669, down 3% as altcoins undergo a correction. XRP corrected less than 1% to above $0.55 on…

The European Central Bank (ECB) is pushing for legislation against Bitcoin (BTC), claiming that it is financially impoverishing the rest of society every time the crypto tycoons come together. We are calling on the people to support us. The ECB says in a new research paper that the top crypto asset by market capitalization has strayed from the original vision of its mysterious pseudonymous creator Satoshi Nakamoto to provide the world with a better way to make digital payments. states. “Nakamoto’s (2008) original promise to provide the world with a better global payment method has not materialized. Instead, the focus…