Bank of America, Wells Fargo and Citigroup all say they won't fund cryptocurrency mining
1.Bank of America, Wells Fargo and Citigroup all say they won't fund cryptocurrency mining.
The chief executives of major U.S. banks, including Bank of America, Wells Fargo and Citigroup, participated in a meeting of the House Finance Committee. When asked by Rep. Brad Sherman if they would fund cryptocurrency mining, the CEOs of all three banks said they would not fund cryptocurrency mining or had no plans to do so. Brad Sherman, who chairs the Investor Protection, Entrepreneurship and Capital Markets Subcommittee, has previously urged regulators to step up their investigations of digital asset exchanges and recommended an outright ban on openness to cryptocurrencies.
2.Bloomberg senior strategist says bitcoin price is now at extreme 'discount'.
Bloomberg senior strategist Mike McGlone pointed out in his analysis of the current situation in financial markets that Bitcoin and U.S. Treasuries are currently the two safest assets and are currently at extremely low prices. He used the term "discount" in the statement to refer to the current prices of these assets.
3.Bitcoin-listed miner Riot Blockchain is suing crypto custody firm Northern Data.
Bitcoin-listed miner Riot Blockchain (RIOT) is suing custody firm Northern Data (NB2X:GER), alleging breach of contract and failure to disclose material information. The lawsuit concerns the Texas Whinstone bitcoin mine, which is expected to be one of the world's largest electricity production capacity, which Riot acquired from Northern Data last year for $651 million ($80 million in cash and 11.8 million in Riot stock). mine. In a Sept. 7 lawsuit filed in a Delaware court, Riot alleges that Germany's Northern Data failed to disclose an $84 million debt to a third party. Riot also said Northern Data continued to delay negotiations and delayed payments it owed Riot. Nearly $114 million.
4.Australian ASIC expands team to better regulate cryptocurrencies.
The Australian Securities and Investments Commission (ASIC) has increased the size of its crypto team to better regulate cryptocurrencies, and Australia’s financial regulator ASIC is also weighing whether to classify ethereum as a financial product following last week’s merger event, If ASIC decides to bring PoS tokens such as Ethereum, Cardano and Solana into its remit, cryptocurrency exchanges may have to start complying with stricter regulatory requirements.
5.Tether has agreed to provide documentation to prove USDT reserves.
Tether has agreed to provide documents to prove the USDT reserves, saying the dispute is only about the scope of the documents to be provided. Tether said the order issued by the court was merely a routine order and did not substantiate the plaintiff's baseless claims. Golden Finance previously reported that stablecoin issuer Tether has been asked by a U.S. judge to provide financial records in support of USDT, including “general ledger, balance sheet, profit and loss statement, cash flow statement, and profit and loss statement”, as well as Tether’s interest in other cryptocurrencies or stablecoins. Transaction or transfer records of coins.
6.12,000 pcs miners deployed at Lake Mariner mining data center in Terawulf.
Eleven days after publicly listed miner Terawulf announced that the company's Lake Mariner mining data center was up and running at 30 megawatts (MW) of capacity, the company revealed that nearly 12,000 miners were operating at its New York facility. Terawulf announced on Sept. 19 that mining operations were "running at Lake Mariner in excess of 1.3EH/s in aggregate." The increased hash rate is thanks to the nearly 12,000 Bitcoin miners that have been deployed at the New York site.
7.CTCAP signs purchase order with Bitmain to deploy water-cooled mine in Iceland.
Bitmain announced the signing of a purchase order with German mining group CTCAP. CTCAP, a company that invests, builds and operates renewable energy projects in Europe, will double its computing power through its new water-cooled mine in Iceland. The purchase order purchased Bitmain's new water-cooled mining machines ANTMINER S19 hydro and S19 Pro Hyd. Both adopt the latest water cooling technology, which will increase the total hashrate of CTCAP by 165 PH/s. CTCAP's new water-cooled mine will come online on November 1, 2022, and another mining project will be completed in the first quarter of 2023.
8.Dubai Royal Company Partners with CoinCorne to Facilitate Bitcoin Trading in UAE.
9.Binance will open two new offices in Brazil.
Binance will open two new offices in Rio de Janeiro and Sao Paulo, Brazil, to accommodate 150 employees, who can choose to work in the office or remotely. It is reported that Binance is currently working to achieve compliance in Brazil, and will launch a debit card in Brazil that allows cryptocurrency payments.