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Kentucky — In a ravine deep in the Appalachian mountains, Warren Rogers stands on the ruins of an abandoned coal-washing plant that used to prepare hundreds of tons of the fuel a day for transport through the tiny town of Belfry, Kentucky. His construction crews have been putting in 10 to 12-hour shifts through the winter, retrofitting the old site to power a new kind of extractive operation: mining the digital currency bitcoin. «We're trying to digitize coal,» said Rogers, the chief strategy officer of Blockware Solutions, a bitcoin mining giant that is expanding rapidly in eastern Kentucky.

cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm Fundstrat, in its latest note to clients, said venture capital (VC) buyers invested around $4 billion in the crypto space in the last three weeks of February. VCs poured in another $400 million to start-ups in the sector last week, data showed. The VC investment is consistent with broad weekly inflows. Since the beginning of the year, weekly investments in the industry have been averaging anywhere between $800 million to about $2 billion, Fundstrat data showed.

digital dollar, as well as other cryptocurrency issues, the White House said.Bitcoin surged on the news as the administration's holistic and deliberative approach calmed market fears about an immediate regulatory crackdown on cryptocurrencies. In midday trading, bitcoin rose 9.1% to $42,280, on track for its largest percentage gain since Feb. 28. Biden's order will require the Treasury Department, the Commerce Department and other key agencies to prepare reports on «the future of money» and the role cryptocurrencies will play.

cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital token known as Ormeus Coin. In papers filed in Manhattan federal court, the Justice Department said John Barksdale lied about the value and profitability of Ormeus Coin's mining assets, including that the coin was backed by a $250 million mining operation generating more than $5 million of monthly revenue. Barksdale and his sister JonAtina Barksdale were separately charged by the Securities and Exchange Commission with conducting fraudulent unregistered offerings of Ormeus Coin.

crypto crowd in India will be caught in a 'valuation' conundrum as they receive 'airdropped' coins and swap one crypto for another. Until now, almost everyone in the crypto universe has been oblivious of the need to value the virtual digital assets as free coins doled out in promotional drives by offshore entities landed up in their wallets, or when they traded a slice of their crypto holdings to own a different coin in cashless deals. Not any more. Almost every fortnight, developers and blockchain-based projects, from across the world, send out tokens, as part of marketing efforts, to crypto investors who are randomly picked from their public addresses that exist on the blockchain. Now, for local investors to cough up tax on such 'gifts' — which they are required to pay as per the new tax laws proposed in the last Union Budget — they have to first figure out the value of the free, airdropped coins.

crypto assets in 2022, the digital token market is getting its mojo back, with increased interest from investors. Major crypto assets have seen a sharp rebound in the last one week. Barring the US dollar pegged stablecoins, all other top 10 digital tokens have rallied more than 20 per cent in the last seven days, with Terra zooming up to 75 per cent. Bitcoin and Ethereum have marched 25 per cent each. Amid the global volatility, the demand for the virtual asset class has increased with daily traded volume hovering around the $100 billion mark, the coinmarketcap data suggests.

CryptoWire and Bitbns exchange have entered into an agreement for listing IC15, India's first global crypto index. The index was launched by CryptoWire on January 3, 2022. CryptoWire claims to be a global crypto super app, whereas Bitbns is a homegrown crypto exchange. However, trading of IC15 on Bitbns exchange will begin from April 1, 2022, the new financial year. With the commencement of trading on IC15, market participants, individuals and institutions, get the advantage of spreading their risks by taking a view on the entire market versus concentrated risk on a single currency, according to a release.

metaverse" investing has been running on its own timeline. Metaverse-related assets such as currencies which can be used in virtual worlds, and NFTs representing virtual land, took only a small hit as risk appetite dropped in January, while the broader market for digital goods has seen volumes surge. Facebook changing its name to Meta Platforms Inc proved a bigger driver of investment in the metaverse than broader financial market conditions.

NYSE" for a marketplace for non-fungible tokens (NFTs), taking a step closer to setting up an online trading place for cryptocurrencies and NFTs. The hype around cryptocurrencies last year spilled over to NFTs, a form of speculative investment that has attracted fans including former U.S. first lady Melania Trump and Jamaican sprint great Usain Bolt. Companies involved in this sector have also been backed by heavyweights Microsoft Corp and SoftBank Group Corp.

Munger, 98, spoke while fielding nearly two hours of questions at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publisher and provider of software to courthouses that he chairs. He is better known as vice chairman of Buffett's conglomerate Berkshire Hathaway Inc since 1978.

Reserve Bank of India (RBI) has been a stringent critic of crypto assets, reiterating its tough stand on the new age asset class. Deputy governor T Rabi Sankar called for an outright ban on private cryptocurrencies at the IBA Banking Technology Awards. He claimed the notorious early 20th century Ponzi schemes were better than investing cryptos. Prior to this, RBI governor Shaktikanta Das said that private cryptos are a serious threat to macroeconomic and financial stability, and investors should keep risks in mind as such assets have no underlying value whatsoever, 'not even a tulip'.

JPMorgan Chase said on Tuesday. The largely unregulated $2.7 trillion cryptoasset sector, which includes bitcoin, is still relatively small, but there are currently no bespoke rules on how much capital banks should set aside to cover activities in the sector. This leaves international banks in limbo and regulators behind the curve.

bitcoin be a safe-haven asset? And can Russia emerge as a crypto superpower? The answer to the first, for now at least, is no; while fortress gold has risen 2.3% over the past week, as Western warnings about Russian aggression have intensified, bitcoin has lost 3%. That was worse than the 0.9% decline of the Nasdaq Composite index. «I don't see any evidence of bitcoin being a safe haven,» said Chris Weston, head of research at Melbourne-based brokerage Pepperstone. «The Ukraine situation with Russia is a really hard one to price, so in that situation, you just buy crude futures.»

Crypto trading platform, CoinDCX, has selected crypto-native risk monitoring firm Solidus Labs as a strategic compliance partner. CoinDCX claims to be India’s first crypto unicorn and the nation’s safest crypto exchange. The deal will improve the transparency on the trading platform. The partnership between CoinDCX and Solidus aims to protect its users from known forms of market abuse and a plethora of emerging crypto-specific risks, the company said.

Legion Network to launch a new LGX token on the Binance Smart Chain (BSC) on February 17. The new blockchain aims to bring tokens, NFTs, P2E games and metaverse together in a single super application. The IDO will be occurring on the new Sekuritance Portal. ‍An initial DEX offering or IDO refers to the launching of a cryptocurrency on a decentralized exchange (DEX). In an IDO, a blockchain project makes a coin's first public debut on a DEX in order to raise funding from retail investors.

Mumbai: The Reserve Bank of India (RBI) deputy governor T Rabi Sankar Monday said that banning private cryptocurrencies is the best option for the country, reiterating its tough stand on the asset class. Sankar, who was speaking at the IBA Banking Technology Awards, told bankers that even the notorious early-20th century Ponzi schemes were better as the Ponzi plans invested in income earning assets while cryptos are just gambling instruments. “They (cryptos) threaten the financial sovereignty of a country and make it susceptible to strategic manipulation by private corporations creating these currencies or governments that control them,” Sankar said. “All these factors lead to the conclusion that banning cryptocurrency is perhaps the most advisable choice open to India.”

Coinbase Global has removed 'how to buy' instructions for at least three crypto tokens which have been the subject of 'rug pull' warnings that investors may lose their money, saying on Thursday it plans to improve safeguards. Jaclyn Sales, a spokesperson for Coinbase, said the links were removed from the cryptocurrency exchange's website after they were brought to its attention this week by Reuters. There would also be an upgrade in safeguards on its auto-created webpages, she said. Nasdaq-listed Coinbase features pages offering tips on investing in tokens and the pages in question were informational rather than making them available to trade on its app or wallet.

Crypto trading unicorn CoinDCX on Tuesday said it now has more than 1 crore users. It claims to be India's safest crypto exchange with vision to provide safe, secure and easy access of digital assets to more than a crore of crypto investors in India. The company became India's first crypto unicorn after its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital and others.

Bitcoin, the most active cryptocurrency, recovered nearly 15 per cent to trade at $37,600 levels at the time of this article. Bitcoin, along with many other cryptocurrencies, had a fantastic yet volatile run in 2021, hitting all-time highs.Negative sentiments prevailed The price correction was imminent to test the support levels. Despite some bargain buying at lower levels by both institutions and retailers, many remained on the fence due to the overall negative sentiments in the financial markets.

Trading-platform Crypto.com estimates 1 billion people will invest in cryptocurrencies by the end of this year. It’s a lofty target. Not only is it more than triple the amount from last year, based on the company’s data, but many suspect Bitcoin and other digital assets are entering a crypto winter. A continued slide in risk assets this month has seen Bitcoin shed roughly 45% of its value from a high in November. It’s enough to bring back fears of a drawn-out bear market like the one in 2018. But evangelists aren’t yet backing down from calls for widespread usage and rising prices.

crypto market has wiped out about $1 trillion of investors' wealth. Bitcoin has dropped about 50 per cent of its value from the peak, whereas other altcoins including Solana, Cardano, Polkadot, Fantom, Near Protocol have lost about two-third of their value in the latest round of correction. Commenting on the crypto carnage, Ashish Singhal, Founder & CEO, CoinSwitch Kuber, India's largest crypto platform, said the current trends are a reflection of swings in global financial markets and news of regulatory proposals globally. Several early investors in crypto have also been booking profits, he said in a series of tweets.