DeFi industry attracts commercial banks? Siam has $ 110 million in funds

While serious institutional interest in crypto may become an established trend rather than an emerging narrative, the focus of big money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and Decentralized Finance (DeFi) are starting to attract the attention of big investors. For Siam Commercial Bank (SCB), DeFi is a key focus …

US Bitcoin mining giant Core Scientific plans to list $ 4.3 billion on the Nasdaq through a SPAC deal

Core Scientific, one of the largest Bitcoin (BTC) mining companies in North America, is listed on the Nasdaq. According to CNBC, Core completed a $ 4.3 billion merger with Power & Digital Infrastructure Acquisition Corp, a special purpose vehicle for acquisitions (SPAC), on Wednesday. Apart from the planned evaluation, further listing details such as the …

GPU price inflation is falling slightly as Ether’s downtrend continues

Graphics processors (GPUs) got a bit cheaper in July amid the ongoing downward trend in Ether (ETH) price. According to a review by TechSpot, GPU prices for popular graphics cards are a little lower in July than they were in June. The lower prices in July are a continuation of the steady decline in GPU …

Seized PS4 consoles in Ukraine used for FIFA accounts, not for crypto mining

Last week, Cointelegraph reported the seizure of 3,800 PlayStation consoles allegedly used to mine cryptocurrencies. The confiscated playground equipment was part of a hardware store discovered by Ukrainian authorities during a raid on a farmhouse accused of tampering with electricity meters to steal electricity from the local grid. According to initial reports, the PS4 consoles, …

Four North American Bitcoin Miners Who Could Benefit From The East-West Shift

Even before China finally used the hammer to ban crypto mining, Bitcoin (BTC) miners in North America had built up their capacities to gain a larger share of the global hash rate distribution. From building larger data centers to purchasing hardware inventories, these facilities have collaborated in efforts to balance the hash-power dichotomy between the …

Hedge funds see the decline in the crypto market as an investment opportunity

Crypto market cap has fallen more than 40% from its high of $ 2.5 trillion in early May, but institutional investors continue to rush into the market. Although Bitcoin (BTC) lost over half of its US dollar value and altcoins lost almost 70% on average, big money players like hedge funds are still adopting digital …