Good morning. Here’s what’s happening:Market moves: Bitcoin's price hovered above $43,000 as investors looked for signs that the cryptocurrency's price had hit a bottom point.Technician’s take: Support remains intact, which could keep BTC buyers active over the short term.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and … [Read more...] about First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs
Signs
ASIC Maker Canaan Signs Multiple Deals for Expansion in Kazakhstan
Chinese crypto mining rig maker Canaan entered into strategic collaborations with multiple mining firms in Kazakhstan as it looks to further expand its presence in the central Asian country.As of Dec. 31, Canaan had 10,300 AvalonMiners in operation in Kazakhstan, the firm announced on Tuesday.Canaan is now collaborating with local firms to form a joint-mining business in … [Read more...] about ASIC Maker Canaan Signs Multiple Deals for Expansion in Kazakhstan
Power Management Firm Lancium Signs $2.4B Data Center Development Deal
The construction of the data center, which will focus on bitcoin mining and other energy-intensive applications, will start in the first quarter of 2022.Dec 21, 2021 at 11:00 p.m. UTCUpdated Dec 21, 2021 at 11:02 p.m. UTCCrypto mining machines (Christinne Muschi/Bloomberg via Getty Images) Source link … [Read more...] about Power Management Firm Lancium Signs $2.4B Data Center Development Deal
President Biden Signs Infrastructure Bill Containing Crypto Broker Reporting Requirement Into Law
Another provision opposed by the crypto industry essentially requires recipients of transactions over $1,000 to verify the sender’s personal information and record his or her Social Security number, the nature of the transaction and other information, and report the transaction to the government within 15 days. Source link … [Read more...] about President Biden Signs Infrastructure Bill Containing Crypto Broker Reporting Requirement Into Law
Red Sox Legend David Ortiz, Into Crypto Now, Signs Multiyear FTX Deal
“David is an MLB legend, known for hitting home runs to the moon and his incredible personality,” Bankman-Fried said in a press release. “Most importantly, he is dedicated and passionate about helping others, so when he wanted to get into crypto, we were incredibly excited to help him start his journey. Now the world knows that Big Papi is in.” Source link … [Read more...] about Red Sox Legend David Ortiz, Into Crypto Now, Signs Multiyear FTX Deal