BITCOIN

Ripple CEO Brad Garlinghouse says he thinks “we’ll have an answer in the first half of next year” in the U.S. Securities and Exchange Commission (SEC) lawsuit over xrp. Maintaining that xrp is not a security, the executive stressed that the case “is about the whole industry” and “Everyone acknowledges how important this is.” Ripple’s CEO Expects Answer in First Half of Next Year Ripple CEO Brad Garlinghouse talked about the timeframe of the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the sale of XRP during an event for DC Fintech Week, Bloomberg reported Tuesday. While acknowledging that it is difficult to predict the pace of court proceedings, Garlinghouse said: I think we’ll have an answer in the first half of next year. Whether that’s the first quarter or second quarter, we shall see. Garlinghouse further said Tuesday that Ripple would consider a settlement with the SEC if the regulator states that XRP is not a security. The executive stressed that th

The CEO of Devere Group, a financial advisory and asset management firm, anticipates further volatility in the crypto market before year-end. However, he stressed that “for serious investors, this will not necessarily be seen as a bad thing,” noting that “Savvy, long-term crypto investors will be looking to benefit from panic sellers by buying their digital currencies ‘on the cheap.'” Devere CEO’s Crypto Outlook The CEO of financial advisory and asset management firm Devere Group, Nigel Green, shared his view on the future outlook for bitcoin and ether Monday. “Markets are now predicting that policymakers at major central banks, including the U.S. Federal Reserve and Bank of England, are likely to remain resolute in pumping up interest rates in their battle to beat down unexpectedly stubborn inflation,” he began. The executive added that the Fed has “maintained a hawkish theme that inflation remains far too high and they won’t put off raising rates.” As higher interest rates t

The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy announced on Wednesday that it acquired the operating assets of Great American Mining (GAM). The acquisition gives Crusoe over 10 megawatts (MW) of mining capacity and 4,000 ASIC mining rigs. Digital Flare Mitigation Firm Crusoe Energy Acquires Great American Mining’s Assets, Acquisition Adds Approximately 9% to Company’s Capacity On October 12, 2022, the digital flare mitigation (DFM) company Crusoe Energy announced that it has acquired the assets of Great American Mining (GAM). Through the deal, not only does Crusoe get 10 MW of capacity and 4,000 ASIC mining devices, it also will benefit from “commercial relationships with several large-scale energy producers in the Bakken region of North Dakota and Montana.” Furthermore, it also has acquired a new facility in Ponchatoula, LA which will be used for Crusoe’s new research and development (R&D) center. The news follows Crusoe’s issues with the rival firm Alk

Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly consolidated ahead of the release, which many believe could trigger further action from the Federal Reserve Bank. Ethereum was also higher, as the token rose above $1,300. Bitcoin Following two consecutive days of declines, bitcoin ( BTC ) was back in the green on Wednesday ahead of the U.S. inflation report. The world’s largest cryptocurrency rose to a high of $19,241.96, less than 24 hours after hitting a bottom of $18,925.60. Today’s move saw the token edge closer to its recent resistance level of $19,300, moving away from a one-week low in the process. Looking at the chart, it can be seen that prices have fallen from earlier highs, and as of writing, sit just above the $19,100 mark. This seems to have come as the 14-day relative strength index (RSI) nears a collision with a ceiling of 44.55. Currently, the index is tracking at 44.35, a

Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor, said the digital currency is expected to help eliminate vices such as currency manipulation and unsanctioned foreign exchange deals. Eliminating Illegal Foreign Exchange Deals A Zimbabwean tertiary learning institution, the Harare Institute of Technology (HIT) is developing a central bank digital currency (CBDC), the organization’s vice chancellor Quinton Kanhukamwe has said. According to Kanhukamwe, the envisaged CBDC is expected to help eliminate vices such as currency manipulation, the hoarding of cash, as well as illegal foreign exchange deals. As per his remarks published by the Herald, Kanhukamwe, who spoke at a graduation ceremony also attended by Zimbabwean President Emmerson Mnangagwa, revealed how the blockchain-anchored CBDC can potentially bring the unbanked into the formal bank