Business

Miami-Dade gains right to remove FTX name from Heat arena

[ad_1] Miami-Dade County will soon start to remove FTX's advertising brand from the NBA’s Miami Heat arena, after granting the right from a United States bankruptcy judge in Delaware on Jan. 11, the Associated Press reports.  County officials negotiated in 2021 a $135 million deal with the crypto exchange for renaming rights to the Miami Heat's arena as FTX Arena until 2040. A number of entrances, the roof of the arena,
BLOCKCHAIN

Ava Labs partners with AWS to offer one-click node deployment

[ad_1] Ava Labs, developer of the Avalanche network (AVAX), has partnered with Amazon Web Services (AWS) to implement new features intended to make running a node easier, according to a January 11 blog post from Ava Labs.The new features include one-click node deployment through the AWS Marketplace, AWS GovCloud integration for Dapp developers concerned about compliance, and the ability to create Avalanche subnets with just a few clicks.It’s official! @Amazon
Business

Silvergate hit with another class action suit, this time for securities law violations

[ad_1] A class-action suit was filed against Silvergate Capital, operator of the Silvergate Exchange Network and parent company of Silvergate Bank, in United States District Court of Southern California on Jan. 10. The suit was filed on the behalf of all purchasers of Silvergate securities between November 9, 2021, and January 5, 2023, and claims violations of the Securities Exchange Act of 1934.Silvergate CEO Alan Lane and chief financial officer
Business

Bitcoin miner Northern Data says production increased by 315% Y/Y in 2022

[ad_1] Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, released its December 2022 results for its mining division.According to Northern Data AG, in the fiscal year 2022, it mined a total of 2,798 BTC, a significant increase of 315% compared to the previous year. This led to BTC mining revenues of EUR 77.7 million in the fiscal year 2022. The average sale price of
Business

China’s central bank includes digital yuan in report on currency circulation

[ad_1] The People’s Bank of China, or PBoC, has begun including the country’s central bank digital currency, the e-CNY, in reports measuring the amount of currency in circulation.According to a 2022 financial statistics report released on Jan. 10, the PBoC said there was 13.61 billion digital yuan — roughly $2 billion at the time of publication — in circulation as of Dec. 31. The currency in circulation grew at a
Business

Touch and smell comes to the metaverse, Nifty Newsletter, Jan 4–10

[ad_1] In this week’s newsletter, read about how the metaverse may integrate touch and smell. Check out how the nonfungible token (NFT) project Moonbirds plans to become a global brand and how NFT marketplace Magic Eden will refund users affected by a recent exploit. In other news, find out how NFT image hosting issues can be resolved, according to executives within the NFT space. And don’t forget this week’s Nifty
Business

City of London, British trade groups form new digital currency advocacy alliance

[ad_1] The City of London has teamed up with a variety of trade associations to form the UK Forum for Digital Currencies, an alliance that will advocate for “better policies, practice and regulation around digital currencies,” according to a statement released by the five members. Besides the City of London Corporation, the city’s municipal governing body, members of the forum include the Digital Pound Foundation, the Payments Association, CityUK and UK
Business

Bitcoin price rally to $18K possible as $275M in BTC options expire on Friday

[ad_1] Bitcoin (BTC) price jumped to $17,500 on Jan. 11, driving it to its highest level in three weeks. The price move gave bulls control of the $275 million BTC weekly options expiry on Jan. 13 because bears had placed bets at $16,500 and lower. The recent move has perma-bulls and dip buyers calling a market bottom and potential end to the bear market but what does the data actually show?
BLOCKCHAIN

Huobi delists 33 tokens in one day citing trading risk, low volume

[ad_1] According to a Jan. 11 announcement, cryptocurrency exchange Huobi said that it would delist 33 tokens consisting of tickers ABT, ATP, APN, AST,DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD and YAM. Effective Jan. 16, the aforementioned tokens will cease trading and be delisted permanently. In explaining the decision,