European Commission Wants 50 EUR Transaction Limit For Digital Euro

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Individual users may see low transaction and storage thresholds for the digital euro, the European Union’s potential central bank digital currency. The European Union’s central bank digital currency (CBDC) may have transaction and store-of-value limits for individuals, according to Fabio Panetta, an executive board member of the European Central Bank (ECB), at the European Commission’s […]

FTX’ed: The Tangled Ties Of Celsius Network and Sam Bankman-Fried

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This article was originally published by Dirty Bubble Media on Substack Sam Bankman-Fried has gotten a lot of press lately. A former trader turned crypto mogul, he owns both one of the largest crypto exchanges, FTX, as well as one of the largest crypto trading firms, Alameda Research. FTX spent millions in the past several […]

Hudson River Hydroelectric Plant Gets Second Life As Bitcoin Mine

Hydropower plan mines bitcoin

A retired ancient hydroelectric power plant built in 1897 in Mechanicsville, New York, was set for dismantling when it occurred to Jim Besha Sr., CEO of Albany Engineering Corp which owns the plant, to turn it into a vintage bitcoin mining rig. With conduits dusted, moving parts polished and oiled, and worn out parts replaced, […]