“Not only is BitGo trusted and allows us to provide more access to our native tokens on Avalanche,” John Wu, president of Ava Labs, told CoinDesk in an interview, “but given the enterprise push, and the institutional support of Avalanche, this really is a very powerful company to partner with.” Source link … [Read more...] about Crypto Custodian BitGo Adds AVAX Support as Institutions Eye Avalanche
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First Mover Asia: Bitcoin Continues Its Drift Below $60K as Investors Eye Shoppers’ Response to Inflationary Pressures, Biden Pick for Fed Chair
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin continues to drift below $60,000 as Biden tees up his pick for Federal Reserve chair.Technician’s take: Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and … [Read more...] about First Mover Asia: Bitcoin Continues Its Drift Below $60K as Investors Eye Shoppers’ Response to Inflationary Pressures, Biden Pick for Fed Chair
Solana Wallets Phantom, Solflare Eye Mobile for Growth
That, at least, is Solana’s party line. In the past week, top brass at Solana Labs, which builds on the proof-of-stake ecosystem, waxed bullish on mobile wallet integrations. Head of Growth Matty Tay said Phantom’s yet-to-launch mobile wallet could “open the floodgates” to millions of new users. Source link … [Read more...] about Solana Wallets Phantom, Solflare Eye Mobile for Growth
Bitcoin Climbs Above $47K as Stocks Fall and Investors Eye Inflation
Bitcoin is pushing higher despite classic risk-off action in traditional markets. The cryptocurrency’s resilience has raised investors’ hopes for a stellar rally in October.As of 11:16 UTC, the cryptocurrency was trading 8% higher on the day near $47,400. The broader crypto market is also positive, with native cryptocurrencies of smart-contract blockchains like VeChain, Tezos … [Read more...] about Bitcoin Climbs Above $47K as Stocks Fall and Investors Eye Inflation
Crypto miners eye cheap power in Texas, but fears aired over impact on the grid
The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State.Texas’ abundant sources of renewable energy and highly deregulated power grid make the state an obvious choice for migrating miners from … [Read more...] about Crypto miners eye cheap power in Texas, but fears aired over impact on the grid