Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells

Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise be wasted. Ministries and Central Bank Review Crypto Mining Project by Russian Oil Industry Government institutions in Moscow are now discussing an initiative launched by Russia’s oil companies to start mining cryptocurrency at their extraction sites. The industry is proposing to utilize…

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Next-Generation Cryptocurrency LTNM to List on FMFW.Io Exchange (Formerly Bitcoin.com Exchange)

PRESS RELEASE. Palo Alto, October 18, 2021 – LTNM, the next generation insured asset-backed cryptocurrency, continues to gain momentum and expand its global acceptance as it announced today it will be listed on FMFW.io Exchange (formerly known as Bitcoin.com Exchange), a top-tier cryptocurrency exchange. This represents a milestone for both parties – one where LTNM will list on one of the world’s leading exchanges, while FWFW.io will be the second crypto exchange to list it. LTNM will be available for trading with BTC and USDT pairs, and the official trading…

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FTX Raises $420 Million in Series B-1 — Crypto Exchange Commands $25 Billion Valuation

The digital currency exchange FTX Trading Limited announced the firm has raised more than $420 million in a Series B-1 fundraise. The capital raise follows the crypto exchange’s financing round at the end of July when FTX raised $900 million. After the raise was announced on October 21, FTX said the firm’s estimated valuation is around $25 billion today. Crypto Exchange Giant FTX Raises $420 Million in Series B-1 On Thursday, the crypto asset exchange FTX revealed it raised more funds in a Series B-1 financing round. The company raised…

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$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says

Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments. Pimco Getting Into Crypto Pimco’s chief investment officer, Daniel Ivascyn, told CNBC in an interview Wednesday that his company is looking to trade digital assets, noting that some of its hedge fund portfolios are already investing in crypto-linked securities. Pimco, an asset…

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Tesla Hodls Bitcoin in Q3, Elon Musk Tweets BTC at $69K Meme

Tesla is currently holding bitcoin worth $1.26 billion on its balance sheet, the company’s third-quarter earnings report shows. The electric car company reported a bitcoin-related impairment of $51 million in the quarter. Meanwhile, CEO Elon Musk tweeted a meme showing the price of bitcoin at $69K and ether at $4.2K. Tesla Continues to Hold Bitcoin on Balance Sheet Elon Musk’s electric car company, Tesla (Nasdaq: TSLA), released its third-quarter earnings report Wednesday. The company posted $13.757 billion in revenue, a 57% increase from the same period last year. It wrote:…

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US Public Pension Fund for Firefighters Adds Bitcoin and Ether Worth $25 Million to Portfolio

The $5.5 billion pension fund for the U.S. city of Houston’s firefighters has announced an investment in bitcoin and ether. “This investment marks the first announced investment in digital assets by a public pension plan in the U.S.” ‘A Watershed Moment for Bitcoin and Its Place in Public Pensions’ The Houston Firefighters’ Relief and Retirement Fund (HFRRF), the pension fund for the city of Houston’s firefighters, announced Thursday that it had purchased bitcoin and ether for the defined benefit plan’s portfolio. The announcement describes: This investment marks the first announced…

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‘Bulls—‘: How a Manchin-Bernie blowup helped unstick Dems’ agenda

Joe Manchin and Bernie Sanders tangled in a private Democratic meeting this week that helped set the stage for growing progress on President Joe Biden’s agenda. As Democratic leadership gathered Monday ahead of a pivotal week of negotiations on the party’s social spending bill, Manchin (D-W.Va.) laid out what he could accept to Senate Majority Leader Chuck Schumer’s team. Universal pre-K was in, he said, but no tuition-free community college. Sanders (I-Vt.) was not pleased. “Bullshit,” Sanders said, according to a readout of the meeting provided to POLITICO. Sanders said…

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Carbon Credit Token MCO2 Is Now Listed on Gemini – Learn About the Green Asset Set to Save the Planet

MCO2 is a carbon credit token traded by Moss.Earth. One MCO2 token is equivalent to one carbon credit. It is now possible to find this asset available on the largest exchanges on the planet, such as Gemini. The token goes through several processes to guarantee the security and reliability of the product. MCO2 Is the First Carbon Credit Based Token on Gemini The MCO2 token is an asset that makes the carbon credit market more democratic, secure, dynamic, and liquid. Carbon credits are no longer just an extra expense for…

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Rap Star Snoop Dogg Teams up With the Harlem Globetrotters in an NFT Sitcom

On October 20, the iconic rap star Snoop Dogg announced he’s participating in a non-fungible token (NFT) sitcom with the popular basketball team the Harlem Globetrotters. According to the announcement, the NFT drop is part of a campaign featuring a limited edition Snoop Dogg and Globetrotters NFT collection. NFT Whale Snoop Dogg Partners With the Harlem Globetrotters It’s well known that the musician and American rapper Snoop Dogg is a fan of cryptocurrencies and non-fungible token (NFT) assets. In recent times, the crypto community discovered that Snoop was a crypto…

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Long a rallying point, Child Tax Credit now splits Democrats

Democrats’ signature achievement — their expansion of the Child Tax Credit — is suddenly a major headache. Lawmakers had already been contending with quixotic demands by Sen. Joe Manchin (D-W.Va.) to undo changes to the break Democrats pushed into law only months ago. But word that the White House is now proposing a one-year extension of the initiative — far shorter than what most lawmakers had contemplated — threatens to become a bigger problem, even as Democrats scramble to work out their differences on the overall reconciliation package. Many Democrats,…

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Dem divisions linger in last lap of spending talks

Congressional Democrats are down to a handful of key disputes in their frenetic effort to draft President Joe Biden’s roughly $2 trillion social spending package by the end of the week. But the remaining hurdles will likely be the trickiest to clear, and it remains an enormous question mark whether Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer can nail down a deal in the next 48 hours. As Democratic leaders publicly aim for a broad agreement on the bill’s contents before next week, Sen. Joe Manchin (D-W.Va.) appeared…

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Apple, Facebook targeted by consumer bureau in tech industry investigation

The Consumer Financial Protection Bureau on Thursday ordered Apple, Facebook and other tech giants to turn over details on how they handle customer payments data, opening a new front in Washington’s crackdown on Silicon Valley. The CFPB also demanded information from Amazon, Google, PayPal and Square as part of the investigation, in the first big move by agency director Rohit Chopra since he took the helm of the bureau earlier this month. The companies at issue operate digital payments systems. The move sent a clear signal to Wall Street and…

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Jan. 6 contempt fight headed for the Justice Department

The congressional push for firsthand details of Donald Trump’s effort to overturn the 2020 elections is about to land in the lap of the Biden administration. The House is set to vote Thursday afternoon to hold Trump ally Steve Bannon in criminal contempt for defying a subpoena to testify to the select committee investigating the Jan. 6 Capitol attack. The vote is expected to fall largely along party lines and will result in a criminal referral to the U.S. attorney’s office in Washington D.C., which then must decide whether to…

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Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate Committee Calls for Accommodating Crypto Rules in Australia The rapid expansion of the crypto space has caught many governments by surprise, but while other nations are already providing market participants with some regulatory clarity, Australia…

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As the Crypto Economy Nears $3 Trillion, Top 10 Crypto Exchanges Hold Over $206B, More Than 7%

The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites show the entire crypto-economy at $2.756 trillion is worth more than the value of Apple’s market cap at $2.467. Furthermore, the top ten crypto-asset exchanges, in terms of cryptocurrencies held in reserves, hold more than $200 billion or 7.47% of the entire crypto economy. 10 Centralized Crypto Exchanges Hold 7.47% of Crypto Economy’s Value in Custody Digital currencies are far…

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Newsom goes big first, worries about the details later

SACRAMENTO — California Gov. Gavin Newsom has a bully pulpit that can change the national agenda, and he’s not afraid to use it. Newsom has mandated student Covid-19 vaccines and made big promises on banning sales of gas-powered vehicles. Both pronouncements immediately landed him on the national interview circuit. But Newsom often gives scant details on getting from announcement to action. Lost in his student vaccine mandate was the fact that it likely won’t take effect until next summer, once federal officials fully approve a shot and school leaders hash…

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Ethereum Jumps 21% Higher This Week, Second Largest Crypto Market Nears All-Time High

After bitcoin reached its all-time high (ATH) on Wednesday, the second-largest crypto asset in terms of market capitalization, ethereum, is nearing its own ATH. The last time the crypto asset hit an ATH was five months ago on May 12. Ethereum Climbs 46% in 30 Days, Commands Half Trillion Market Cap The digital currency ethereum (ETH) came awfully close to surpassing its all-time high this week, reaching $4,379 per unit on the exchange Deribit. That’s only 0.1141% away from the ATH ethereum tapped five months ago ($4,384) on May 12,…

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Nigerian Agency Refuses Blockchain Start-Up Application — Says Tech Not Recognized by Government

Nigeria’s company registration agency, the Corporate Affairs Commission (CAC), reportedly rejected an application for registration by a start-up on the basis that blockchain is yet to be recognized by the Nigerian government. Decision Disappoints Blockchain Community According to a report, the unnamed start-up, which is building an API connection for blockchain gaming rewards, was told the agency will only process the application once the reference to blockchain technology is resolved. The CAC reportedly wrote: “Blockchain is yet to be recognised by the Nigerian government, kindly expunge.” As expected, the decision…

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Trump broke the suburbs for the GOP. The rebuilding could start in Virginia.

Republicans spent every election of the Trump era hemorrhaging suburban voters. Next month’s Virginia elections will be a big, early test of whether they can stop the bleeding. It’s the GOP’s best chance in years to arrest their streak of new lows in the rapidly growing suburban counties that ring Washington, D.C., Richmond and Virginia Beach. Gubernatorial nominee Glenn Youngkin and a down-ballot slate packed with female recruits believe they’ve found the right formula, leaning into an issue set made for battle in the suburbs — education and the role…

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Sources Say Valkyrie Bitcoin Strategy ETF Set to Launch on Nasdaq This Week

After the Proshares Bitcoin Strategy exchange-traded fund (ETF) listed and smashed records in the first two days of trading, Vaneck’s bitcoin futures ETF was given the green light to start trading next week. Furthermore, sources say that the Valkyrie Bitcoin Strategy ETF is set to launch this week with a possible listing on Friday. Proshares Bitcoin ETF Smashes Records October is the month of bitcoin exchange-traded funds as the United States approved the first ETF last week. Proshares Bitcoin Strategy ETF (NYSE: BITO) listed on Tuesday and saw close to…

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Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds

A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches ‘Investsmart’ Campaign Targeting Risk Prone Investors The U.K.’s Financial Conduct Authority (FCA) has carried out new research into the attitudes of young investors towards high-risk products. The watchdog has surveyed 1,000 respondents, aged between 18 and 40, as it launches a 5-year campaign to reach out to inexperienced investors that…

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Blockchain Game Developer Animoca Brands Raises $65 Million – Ubisoft, Sequoia China Participate in Funding

On Wednesday, the global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology, Animoca Brands announced the company has closed a capital raise for $65 million. Animoca Brands now has an overall valuation of $2.2 billion after raising funds from firms like Liberty City Ventures, Ubisoft Entertainment, Sequoia China, and Dragonfly Capital. Animoca Brands Raises $65 Million In July, Animoca Brands announced the company raised $138.88 million in order to deliver digital property rights via non-fungible token (NFT) technology. The company Animoca Brands was co-founded by…

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Mars4 – Unique NFT Land Plots of the Red Planet for Crypto Fans

There was a time when space travels showed only on screens and dreams about Mars seemed out of this planet. Welcome to the present, then it has become real. Now You can own a piece of the Red Planet by participating in the Mars Land NFT sale running on Ethereum. Touch the red earth, take the first step, discover the water, or grow the first plant on Mars. MARS4 – How is it unique? Mars4 – centered ecosystem where you can explore a virtual Mars Metaverse, own and customize your…

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Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate industry.” Real Estate Platform Pacaso Now Supports Crypto Payments The firm Pacaso is a real estate platform co-founded by Spencer Rascoff and Austin Allison. Rascoff is well known for co-founding Zillow Group and co-founding Hotwire.com…

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Biden leans on Scranton. In D.C., Park Avenue may be winning.

SCRANTON, Pa. — It was just before dusk. And standing in front of a dated brick building, four historic trolley cars and a billboard emblazoned with an American flag and the words “Build Back Better,” President Joe Biden was once more trying to conjure up the working class populism that had brought him from this old coal town to the halls of the White House. “Just do your fair share,” he implored the crowd in attendance, about 100 or so people who had come to see the Scranton boy who…

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‘Everyone should be very worried’: Dems seek wake-up call as Virginia goes to the wire

A creeping sense of worry among Democrats about the Virginia governor’s race spilled into the open on Wednesday, after the release of a new Monmouth University poll showing former Democratic Gov. Terry McAuliffe deadlocked with Republican Glenn Youngkin less than two weeks before Election Day. And the panic may be a good thing, some of them say. The Monmouth poll was the latest in a series of data points to increase concern about McAuliffe’s prospects. While other recent polls in Virginia have shown McAuliffe staked to narrow leads, President Joe…

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Poll: McAuliffe, Youngkin tied in Virginia governor’s race

Former Virginia Gov. Terry McAuliffe and Republican Glenn Youngkin are deadlocked in the state’s governor’s race, according to a new poll from Monmouth University, as the Republican gains in the closing weeks of the race. The poll shows both men with 46 percent support among registered voters. McAuliffe has lost ground since the last poll from the university in September, in which he held a narrow, 5-point lead. Two percent of voters prefer another candidate, and 7 percent are undecided. Various modeling of the potential electorate from the pollster found…

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Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation Hedge

Billionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently “winning the race against gold.” He added that the cryptocurrency is his preferred inflation hedge over gold. Paul Tudor Jones Chooses Bitcoin Over Gold Paul Tudor Jones, the founder of asset management firm Tudor Investment Corp., talked about bitcoin being his preferred hedge against inflation in an interview with CNBC Wednesday. He said: Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold at the moment … It would be my preferred one over gold…

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US Senators Urge Facebook to Discontinue Crypto Wallet Pilot Citing ‘Insufficient’ Ability to Keep Consumers Safe

A group of U.S. senators has asked Facebook CEO Mark Zuckerberg to discontinue his company’s crypto wallet pilot and commit to not bringing the cryptocurrency Diem to market. “Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers safe has proven wholly insufficient,” the lawmakers said. US Senators Urge Facebook to Stop Crypto Wallet Pilot U.S. Senators Brian Schatz, Sherrod Brown, Richard Blumenthal, Elizabeth Warren, and Tina Smith wrote a letter to Facebook CEO Mark Zuckerberg regarding the…

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