Cryptonews

Cryptosat sent a second cryptosatellite into space

Cryptosat launched with a SpaceX rocket the second crypto-satellite, which is no bigger than a coffee mug. The device stores databases for blockchain applications, products and services.

"Even if you bury your computer in the mountains, you still need an Internet cable. And to run it, you need power. You need a way to make sure no one can get to the device and tamper with it," commented the head of the company.

This time, the owners sent a more efficient device. Its processing power is 30 times greater than its predecessor. The company sees its mission as taking satellite technology to the next level by helping the crypto industry.

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

Read next