Browsing: cryptocurrency

According to official news, the Mexican cryptocurrency exchange Bitso has listed TRX.

Founded in 2014, Bitso is a cryptocurrency exchange in Mexico that aims to provide financial services to banks and non-banks through blockchain technology and digital assets.

Economists at Goldman Sachs Group Inc., led by Jan Hatzius, noted that U.S. households totaled $150 trillion in net worth last year.

So relative to overall household net worth, even though the value of the cryptocurrency market has slipped to about $1.3 trillion from $2.3 trillion last year.

Such a drop is still “very small”. They expect the recent cryptocurrency plunge to be a relatively minor drag on total spending and the U.S. economy.

The 25th most populous U.S. state is creating a cryptocurrency adoption council, according to a report by The Daily Advertiser, a regional newspaper based in Lafayette, Louisiana.

Rep. Mark Wright of Louisiana introduced a resolution to create a committee that, after being approved by the House Appropriations Committee, must pass the full House before it enters the Louisiana Senate.

Wright also proposed a bill that would allow politicians to accept campaign contributions in cryptocurrencies. The Republican lawmaker believes that Louisiana could become a trailblazer in the crypto space.

Argo Blockchain reported first-quarter net profit of £1.6 million ($2.1 million), down more than 90 percent year-on-year. Argo cited factors such as changes in the fair value of digital currencies, where Bitcoin was around $40,000 in the first quarter, compared with nearly $60,000 in the same period last year.

Argo mined 470 bitcoins and their equivalent, compared to 387 in the same period last year. Argo held 2,700 bitcoins and bitcoin equivalents at the end of the first quarter.

Argo has borrowed $70.6 million in recent weeks from a New York Digital Investment Group (NYDIG) subsidiary to buy mining equipment for its Helios facility in Texas, which will run at 200 megawatts and potentially raised to 800 MW.

Microsoft has warned that a new threat is emerging against online cryptocurrency wallets. Microsoft has dubbed the new threat “cryware,” and these attacks lead to the irreversible theft of virtual currency through fraudulent transfers to adversary-controlled wallets. In a new report, Berman Enconado and Laurie Kirk of Microsoft’s 365 Defense research team say that Cryware is created directly from a non-custodial cryptocurrency wallet (also known as a hot wallet). wallet) information stealers who collect and steal data. Unlike custodial wallets, hot wallets are stored locally on the device, making it easier to obtain the encryption keys needed to execute transactions, so more and more threats are targeting them.

Nomura will launch a new company to help institutional clients diversify into cryptocurrencies, DeFi and NFTs. Japan’s largest investment bank will consolidate some digital asset services into a wholly-owned subsidiary that will have about 100 employees by the end of 2023, according to people familiar with the company’s plans.

The plan is said to have been under discussion for four years. Last week, Nomura Securities successfully traded its first bitcoin futures and options on CME through Cumberland, the cryptocurrency trading arm of DRW.

Japanese venture capital firm Skyland Ventures (SV) has announced the launch of SV4 Fund, a new $40 million seed venture capital fund focused on Web3.

On the basis of continuing its extensive investment in Internet companies in the past, SV4 Fund will also actively invest in global startups in the field of Web3 (cryptocurrency, NFT, blockchain) in the form of equity and Token.

According to official news, the TRON decentralized algorithm stable currency USDD was officially issued and circulated on May 5. As of May 6, the total amount of USDD issued was 126,720,006 US dollars, exceeding 120 million US dollars, and the corresponding TRX destruction amount was 1,670,366,012 TRX, exceeding 1.6 billion TRX.

According to Coinmarketcap data, the overall market value of cryptocurrencies has fallen below US$1.5 trillion, and is currently at US$1.48 trillion, down 3.3% in the past 24 hours, of which Bitcoin’s market dominance fell to 40.3% and Ethereum’s dominance was 19.3%. . Additionally, the total cryptocurrency market volume over the past 24 hours was $166 billion.

Thomas Jordan, chairman of the Swiss National Bank (SNB), said in response to questions at the SNB annual meeting that there is currently no interest in holding Bitcoin (BTC), but may move quickly at some point, buying Bitcoin is for us Not a problem, we can do this directly, or buy Bitcoin-based investment products, and we can arrange technical and operational conditions relatively quickly when we are convinced that we must have Bitcoin on our balance sheet.