Looking for "News"

Riot Platforms Partners with MicroBT to Bring Bitcoin Miner Production Onshore: A New Era for the U.S. Crypto Mining Industry

In a significant stride for the U.S. Bitcoin mining sector, Riot Platforms, the largest public U.S. Bitcoin mining company in terms of developed capacity, has announced a landmark partnership with Bitcoin ASIC manufacturer, MicroBT. This collaboration is set to bring the production of MicroBT’s ASICs to America, marking a monumental shift in the traditionally Asia-centered Bitcoin miner manufacturing industry. The primary objective of this partnership is to secure miners for Riot’s Corsicana facility, a move set to considerably enhance the company’s mining capabilities. According to a press release shared with Bitcoin Magazine, this development aligns with Riot’s plans to amplify

Crypto Debanking Risks Pushing Industry Underground, Warns Australian Treasury

The rising trend of banks in Australia limiting services to cryptocurrency companies might drive the sector underground, making it less transparent, the Australian Treasury Department has warned. The Australian government is addressing the potential fallout of severing banking services to crypto exchanges amidst growing concerns over scams. On June 28, the Australian Department of the Treasury shed light on this matter by releasing an official statement addressing potential policy responses to debanking within the country. The term ‘debanking’ refers to a situation when a bank refuses to provide services to a client, often citing reasons such as compliance with Anti-Money

Banks’ Reliance on Third-Parties Faces Regulatory Scrutiny

Regulators are raising alarms about banks’ increasing use of third-party vendors and contractors. A recent Federal Reserve report criticized banks for relying on outside companies without adequately vetting or monitoring the relationships. The regulators warned that this could threaten data security, cause operational issues, and even lead to substantial financial loss. Regulations Of Third-Parties Set Expectations The Fed issued new guidance outlining principles for banks to improve oversight of third parties like fintech startups. While the direction provides valuable advice, some argue it may be an overcorrection that reduces banks’ willingness to work with outside firms. On the one hand, the regulators have a point. Banks

Why freedom of speech is essential

Freedom of speech, a fundamental tenet of democratic societies, is often regarded as the cornerstone of individual liberty and societal progress. This invaluable right, enshrined in numerous international conventions and constitutions worldwide, is much more than a legal provision. It embodies the very essence of a free society. As George Washington once said, “If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter.” In defense of diverse opinions The essential function of free speech lies in its capacity to foster a marketplace of ideas, where citizens can freely exchange thoughts,

What is Bitcoin?