Quick Take Bitcoin mining often faces criticism for its energy consumption and environmental impact. However, it also offers significant benefits, particularly in grid stabilization and energy efficiency. One key advantage is the ability of Bitcoin miners to switch on and off instantly, allowing them to respond to fluctuations in energy demand. For instance, Pierre Rochard, […]
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Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal. WSJ’s claims […]
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Crypto exchange Coinbase secured a partial victory in federal court this week in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a filing dated Sept. 5,  the US District Court for the Southern District of New York, Judge Katherine Failla partially granted Coinbase’s motion to compel the SEC to hand […]
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The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Pavel Durov, the CEO of Telegram, was arrested this week after a four-day interrogation related–publicly at least–to the existence of illegal activity on his app, including child pornography. The ensuing media frenzy painted Telegram as an almost esoteric, privacy-centered app, which is […]
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Onchain Highlights DEFINITION: Bitcoin price performance since cycle low Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison point for assessing recovery trends. Notably, the 2011 to 2015 cycle saw a sharp rise from cycle lows, as prices surged dramatically during that period. The 2015 to 2018 cycle […]
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India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML) laws. The development comes as the FIU continues to assess requests from four exchanges previously […]
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