CryptoNews

'Stagnant' BTC Price and Rate Hikes Drove Down Crypto Miner Canaan Inc's Revenues in Q3 – Finance Bitcoin News

November 30, 2023
Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by the U.S. Federal Reserve were some of the key factors that contributed to the decline in revenues. Canaan’s Latest Mining Revenue Nearly 80% Lower Than in…
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Former SEC Chair Discusses 'Appropriate Way' to Regulate Crypto — Says Classification Issues Are 'Overblown' – Regulation Bitcoin News

November 29, 2023
Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has discussed what he believes to be the “appropriate way” to regulate crypto. The former regulator added that “the classification issues” about whether a crypto token is a security or a commodity are “overblown,” emphasizing: “Most of those decisions are pretty easy.” Ex-SEC Chair Discusses Crypto…
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Binance CEO Richard Teng Outlines the Path Ahead; Puts Innovation, Users and Web3 at the Forefront – Bitcoin News

November 29, 2023
Richard Teng, the new CEO of Binance, has explained his vision for the company, outlining the challenges the exchange faces ahead and the areas on which the company will focus. In a blog post, Teng explained that innovation, users, and Web3 will be at the forefront of Binance in the new era of the company. Richard Teng Outlines Binance’s Future Richard Teng, the new CEO of Binance, has published…
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Cardano's Charles Hoskinson Clashes With Blockstream's Adam Back Over Crypto Security Classification – Bitcoin News

November 29, 2023
Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator’s decision to categorize the cryptocurrency cardano as a security. He’s perplexed and critical about the exemption of bitcoin from being tagged as a security, mocking the situation as a “pathetic joke” and pointing out the…
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