Singapore-based cryptocurrency exchange Crypto.com continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in Cyprus.
Crypto.com has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the firm announced to Cointelegraph on July 22.
The approval enables Crypto.com to offer a number of products and services to customers in Cyprus in compliance with local regulations. The new regulatory milestone comes in line with Crypto.com’s growing global presence as the firm has been actively expanding its operations, receiving approvals to operate in countries like Italy, Greece and Singapore.
According to Crypto.com co-founder and CEO Kris Marszalek, the exchange currently prioritizes Europe as the main region for continued expansion. That is a “testament to our commitment to compliance and collaboration with regulators,” he said.
Crypto.com is not the only cryptocurrency exchange that has been approved to operate in Cyprus. Major rival exchange FTX has also been expanding in Europe after receiving approval from the CySEC in March 2022. Other exchanges like Coinbase have also been increasingly interested in expanding in Europe amid the ongoing bear market.
Despite global exchanges increasingly moving in the Cypriot market, the government of Cyprus has not provided too much certainty about cryptocurrency regulation in recent years.
Major local financial institutions, including the Bank of Cyprus, were reportedly blocking Bitcoin (BTC)-related transactions in 2021. In September, CySEC disclosed plans to increase oversight of cryptocurrencies by integrating the European Union’s Anti-Money Laundering regulations into Cypriot law.
Gomez has also let it be known that the road to feeling better can be long and full of twists and turns.
“Last year, I was suffering mentally and emotionally and I wasn’t able to stay all kept up and together,” Gomez said while accepting the McLean Award, given to those who have furthered the public’s understanding of psychiatric illness and mental health, at the Massachusetts hospital’s annual gala in September 2019. “I wasn’t able to keep a smile or to keep things looking normal. It felt like all of my pain and my anxiety washed over me all at once and it was one of the scariest moments of my life.”
“I sought support and the doctors were able to give me a clear diagnosis,” she continued. “The moment I received that information, I actually felt equal parts of terrified and relieved. Terrified, obviously, because that veil was lifted, but relieved that I had the knowledge of why I had suffered for so many years with depression and anxiety.”
Noting how grateful she was for the support system at McLean, Gomez added, “Although this does not mean that it has all gone away, I can say that after a year of a lot of intense work, that I am happier, I am healthier and I’m in control of my emotions and thoughts more than I’ve ever been.”
Not sure if you’ve noticed, but the Internet loves cats – so it’s not a huge surprise that feline cyberpunk adventure Stray has already built up a modding scene just days after release. But no matter what you expected from Stray mods, you probably didn’t think one of them would be based on Heavy Rain.
Over on Nexus Mods, you can already find ways to reskin your playable cat in a number of styles (including looking a bit like Garfield, and with an eyepatch). But nestled among the many reshades is a mod simply called JASON by creator Gibrietas.
JASON has a simple, perfect function – it replaces Stray’s manual meowing with the sound of Heavy Rain protagonist Ethan Mars shouting for his lost son. I don’t know why I think this is incredible, but I very much do.
— Amongst the Catgirls of the Nephren-Ka (@pestilent_one) July 21, 2022
If you don’t remember, Heavy Rain was a 2010 Quantic Dream adventure game that begins with a scene in which you can “Press X to Jason“, sending out multiple shouts of, well, “Jason!”. Now, 12 years later, thanks to the wonders of technology, you can do the same with a very cute cat.
Personally, I think Gibrietas now needs to work on a sequel mod, entitled SHAUN.
Stray arrived this week, and we awarded it an 8/10 review, calling it “a delightful adventure in a dark but endearingly hopeful cyberpunk world, and that’s thanks in no small part to the fact that you are playing as an adorable cat the whole time.”
Joe Skrebels is IGN’s Executive Editor of News. Follow him on Twitter. Have a tip for us? Want to discuss a possible story? Please send an email to newstips@ign.com.
After months of gas prices making life more expensive, they have quietly started to go down — providing financial relief for many Americans.
The average nationwide price this week was $4.49 a gallon, down from a peak of $5.01 in June. The average price of gas is still about $1.30 higher than it was a year ago, but it has now fallen for more than a month.
That is welcome news for consumers: Higher gas prices affect not just people filling their cars but also, through higher transportation costs, the price of almost everything else.
Falling prices are also potentially good news for political and social stability. Because gas prices are so visible — posted on giant signs across the country — they have an outsize impact on how Americans feel things are going, experts say. The sentiment can extend beyond financial concerns.
Consider Russia’s invasion of Ukraine, which caused gas prices to spike in the West as Europe vowed to stop relying on Russian oil and gas. American and European leaders have worried since the war began that rising gas prices could hurt public support for efforts against Russia, because people could come to see the personal cost as too great. So falling gas prices could help sustain public support for Ukraine.
Historically, rising gas prices have also hurt incumbent political leaders. Sure enough, approval ratings for President Biden and European leaders have fallen as the prices of gas and other goods have increased. Unchecked, it is the kind of widespread disapproval that can lead to global political instability and extremism. In Italy, for example, the recent collapse of the government could give way to a takeover by a far-right alliance that includes a political party with neo-fascist roots.
But gas prices also get at something deeper than partisan politics or any individual policy debate: They help dictate the public mood. As the pandemic has waned, Americans have hoped for a return to normal. But rising gas prices and inflation, along with an increase in violent crime and the war in Ukraine, instead feed into a broader sense of chaos and anomie already fueled by Covid. It is as if Americans have traded some crises for others.
“Is this for real?” Caroline McNaney in New Jersey recalled thinking. “I took a job further from home to make more money, and now I feel like I didn’t do anything for myself because gas is so high.”
Falling gas prices, then, offer the kind of reprieve people have wanted after a few chaotic years.
Why gas prices fell
Several factors are behind the good news. Oil and gas production has ticked up in the U.S. and elsewhere, increasing supply. Some people are driving less to avoid high prices, decreasing demand. Continued Covid disruptions, particularly in China, have also played a role; lockdowns lead to fewer people traveling, further reducing global demand for oil and gas.
The process is playing out slowly — a result of what experts call the “rocket and feather” effect: Gas prices tend to rise quickly, like a rocket, and fall more slowly, like a feather. Gas stations are quicker to increase prices and slower to reduce them to maximize profits. And while rising gas prices drive consumers to comparison-shop more, falling prices ease the need to do so — reducing competitive pressure.
What’s next
Since gas prices fall more slowly than they rise, they still have room in the coming weeks to drop further — to catch up with reduced oil prices, said Christopher Knittel, an economist at M.I.T.
And as strange as it may sound, a weakening economy could help further reduce gas prices. The Federal Reserve has recently increased interest rates, raising the cost of borrowing in an effort to pull down demand and tame inflation. That could lead to more unemployment, but also to a slowdown in price increases after months of record inflation.
Beyond a few weeks, the future of gas prices is less certain. “There are still risks out there,” said Rachel Ziemba, an energy expert at the Center for a New American Security.
Among them: More atrocities in Ukraine could further push Europe to stop buying Russian oil and gas. Russia could retaliate against Western sanctions by withholding its shipments, tightening worldwide supply again. Climate change continues to make oil and gas companies cautious about boosting production too much. China’s economy could improve and increase demand, particularly if Covid restrictions ease.
But for now, falling gas prices are one bit of good news during a summer marred by headlines about inflation, war, heat waves and rising Covid cases.
For more
THE LATEST NEWS
Jan. 6
The Virus
A must-see director
“Nope,” in theaters today, is one of the summer’s feverishly anticipated movies. That’s because the film’s director, Jordan Peele, has become Hollywood’s best bet for a good time.
This is Peele’s third film, after “Us” and the politically pointed “Get Out,” which satirized post-Obama race relations to nightmarish effect. As A.A. Dowd writes at The Ringer, audiences associate Peele’s name with mind-bending thrillers, much as they did with M. Night Shyamalan in the early 2000s. “What really links the two,” Dowd writes, is “an affinity for the place where horror, science fiction, and drama intersect.”
The Times review: Does “Nope” live up to the hype, our critic asks? Yup.
iPhone 14 models’ component suppliers will be expanded to help Apple cope up with supply chain issues, as per a noted analyst. Ming-Chi Kuo claims that SG Micro has passed the quality certification of the higher-end iPhone 14 models and will likely ship the power management integrated circuitry (PMIC) in the second half of 2022. The news follows a development according to which the iPhone 14 series’ trial production has started. The mass production of the iPhone 14 smartphones is planned to begin in August.
Kuo posted a string of tweets in which he said the China-based SG Micro has passed the quality certification of the iPhone 14 Pro and iPhone 14 Pro Max models. The manufacturer and distributor of semiconductor products will likely ship the battery and level shifter for the iPhone 14 models. This will not only help Apple manage its supply chain issues, but also help SG Micro to drive up its revenue.
Recently, a report claimed that Apple has started trial production of the iPhone 14 models and it plans to mass-produce the models in August. The Cupertino-based company has reportedly told its suppliers that the initial sales of the iPhone 14 will be higher than what the iPhone 13 had a year ago. Furthermore, analysts believe that the Cupertino-based company’s sales will not be affected even if major economies enter a recession. In fact, iPhone sales reportedly remained strong in July despite a fall in overall smartphone demand.
iPhone 14 series, which is rumoured to include the iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone Pro Max, are tipped to launch on September 13. The Pro models are claimed to feature a bigger camera bump due to an upgraded 48-megapixel sensor.
Apple iPhone 14 Pro models were recently reported to exclusively feature the new A16 chip by industry analyst Ming-Chi Kuo. Meanwhile, the regular iPhone models will supposedly pack last year’s A15 chip.
The pair traded in a critical zone for bulls on the day, with the 50-day and 200-week moving averages (MAs) still yet to flip from resistance to support.
Analysts were holding out for the weekly candle close to determine the strength of Bitcoin’s latest uptrend which at one point delivered weekly gains of up to 25%.
“To perform a reclaim of the 200-week MA as support, $BTC needs to Weekly Close above $22800,” popular trader and analyst Rekt Capital wrote in part of a recent Twitter update.
For fellow trader Jibon, meanwhile, $22,400 was more important as a minimum level to close out the week.
“Next Week Decision Time, $BTC will go 30-40K or 12-15K. I Want Weekly Close above $22,401,” he told Twitter followers on the day.
While sticking by his forecast of the relief rally going as high as $40,000 before another macro low sets in, Jibon acknowledged that Bitcoin was “still in a bear market” which would last into 2023.
“So All bullish trends are temporary moves,” he explained while debating the forecast.
In its latest market update released on the day, trading firm QCP Capital voiced reservations about the near-term potential for either Bitcoin or altcoins to rise much higher.
“In terms of spot direction, we are not sure if the upside momentum continues in a big way,” researchers wrote.
“The speed of this move higher felt positioning-driven (market was caught short) and the market is starting to show some signs of exhaustion.”
QCP pointed to the upcoming meeting of the United States Federal Reserve’s Federal Open Markets Committee (FOMC) on July 27 as a major volatility event to come.
Markets, it added, were now pricing in a 75-basis-point hike in key interest rates this month, rather than the higher 100-basis-point option feared on the back of the inflation numbers.
“Since the high CPI print, the market has been decisively pricing out the probability of a 100bps hike in the July FOMC,” the update read.
“Currently, a 20% chance of 100bps is still being priced in but our view is that 75bps is the most the Fed will do. So expect another boost as 100 bps gets completely priced out.”
Bets increase on dollar breakdown
As the U.S. dollar index (DXY) consolidated below twenty-year highs, meanwhile, analysts were waiting for a long-term parabolic uptrend to show signs of cracking.
“It will be a good day when this finally breaks,” popular commentator Rickus summarized about the impact of a weaker dollar on risk assets.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Michelle Bachelet, the outgoing High Commissioner for Human Rights. Credit: OHCHR
Opinion by Andrew Firmin (london)
Inter Press Service
LONDON, Jul 22 (IPS) – The writer is Editor-in-Chief at CIVICUS, the global civil society alliance. He is one of the lead authors for CIVICUS Lens and the 2022 State of Civil Society ReportThe UN High Commissioner for Human Rights sits at the top of the UN’s human rights system. It’s a crucial role for the victims of violations and the many civil society activists who look to the UN system to set and apply human rights norms, monitor the human rights performance of states and hold rights violators to account.
And there’s a job vacancy. In June, the current High Commissioner, Michelle Bachelet, announced she wouldn’t be seeking a second term when her current time in office ends in August.
Her announcement was unsurprising: no one has held the role for two full terms. The High Commissioner can find themselves trying to strike impossible compromises between upholding rights, keeping powerful states onside and respecting the UN’s cautious culture.
They can end up pleasing no one: too timid and cautious for civil society, too critical for states that expect to get away with violating rights.
Bachelet is no stranger to the charge of downplaying human rights criticism. Most recently her visit to China attracted huge controversy. Bachelet long sought to visit China, but when the trip went ahead in May, it was carefully stage managed by the Chinese state, which instrumentalised it for PR and disinformation purposes.
Key qualities for the job
Looking ahead, it’s time to think about who should do the job next. The UN system doesn’t have long to identify and appoint Bachelet’s successor, and candidates are already putting themselves forward.
But the process must be inclusive. There’s a clear danger of the selection process leading to the hurried appointment of a candidate acceptable to states because they will not challenge them.
To avoid this, civil society needs to be fully involved. Candidates should face civil society questioning. The criteria by which the appointment is made should be shared and opened up to critique.
Michelle Bachelet, the outgoing High Commissioner for Human Rights. Credit: OHCHRCivil society has plenty of ideas about the qualities the ideal candidate must have. Above all, the holder of the role must be a fearless human rights champion who promises to stand independent of states and not be afraid of upsetting rights-violating states or the UN’s bureaucratic niceties. They should be a public figure and leader prepared to cause a stir if necessary.
This means they should have a strong grounding in international human rights law, crucial at a time when several states are reasserting narrow concepts of national sovereignty as overriding long-established international norms. The UN system needs to get better at defending international laws against this creeping erosion.
The successful candidate should also have a proven background in human rights advocacy and working with the victims of rights violations. The candidate should be fully committed to social justice and to defending and advancing the rights of excluded groups that are most under attack – including women, LGBTQI+ people, Black people, Indigenous people, migrants and refugees, and environmental rights defenders.
They must always be on the side of those who experience rights abuses, acting as a kind of global victims’ representative.
The style they should adopt in office should be one of openness and honesty. They should be willing to work with civil society and listen to criticism.
They should work to embed human rights in everything the UN does, including its work on peace and security, sustainable development and climate change. They should develop the currently underutilised mandate of the office to act on early warning signs of human rights emergencies and bring these to the attention of other parts of the UN to help prevent crises, particularly since the UN Security Council is so often deadlocked.
They should stand up for the UN’s various human rights mandate holders and special experts, and push for them to be able to make genuinely unimpeded visits to states where they can scrutinise rights that are under attack.
While diplomatic skills are important, the approach of backroom negotiations and trade-offs, the style of which Bachelet was accused, should be avoided. This is not a technocratic role. It is about showing moral leadership and taking a stand. The next High Commissioner should not try to negotiate with states like China. They should lead the condemnation of them.
A pivotal moment
This is a potentially pivotal moment. The need has never been greater. Human rights are being attacked on a scale unprecedented in the UN’s lifetime. When it comes to the key civic rights – the rights to association, peaceful assembly and expression – the global situation deteriorates year on year.
Around the world, 117 out of 197 countries tracked by the CIVICUS Monitor now have serious violations of these rights.
If civil society’s calls are not heeded, the danger seems clear: the position could drift into irrelevance, becoming hopelessly compromised and detached from the moral call that should be at its centre.
It’s time for the UN to show it’s serious about human rights, and guarantee that rights are at the core of what it stands and works for. This also means it must revisit the funding situation: the UN human rights system may have well-developed mechanisms but they’re chronically underfunded.
Human rights get just over four per cent of the UN’s regular budget despite it being one of the UN’s three pillars, alongside development and peace and security, making the work highly dependent on voluntary contributions, which are never sufficient.
The next High Commissioner must push for progress in funding and in the realisation of the UN’s Call to Action on Human Rights. To help ensure this, the UN’s human rights commitment must first be signalled by the appointment of a fearless human rights champion to its peak human rights role.
Oppenheimer — the upcoming, much-anticipated movie from Christopher Nolan — has dropped its first poster. The official Twitter account for the film unveiled a poster, starring Cillian Murphy in the titular role, with the July 21, 2023 release date and names of the main cast members: Emily Blunt, Matt Damon, Robert Downey Jr., and Florence Pugh. Distributed by Universal Pictures, Oppenheimer will recite the tale of renowned theoretical physicist, J. Robert Oppenheimer, and his role in the development of the atomic bomb during World War II. The tagline for the film says, “The World Forever Changes,” in reference to the Manhattan Project.
Oppenheimer poster
Murphy, a long-time collaborator of Nolan will appear as a lead for the first time in one of his films. The poster for Oppenheimer reveals his main look — dressed in a dapper suit and tie, with a brimmed hat, as the world succumbs to flames around him. In an interview, Murphy touched upon the research work for the part, which involved “an awful lot of reading. I’m interested in the man and what (inventing the atomic bomb) does to the individual. The mechanics of it, that’s not really for me. I don’t have the intellectual capability to understand them,” he told The Guardian.
Written and directed by Nolan for the screen, Oppenheimer is based on Kai Bird and Martin Sherwin’s Pulitzer-winning biography, ‘American Prometheus: The Triumph and Tragedy of J. Robert Oppenheimer.’ As stated earlier, the book chronicles the physicist’s involvement in the Manhattan Project, as he leads his team to create the most devastating weapon known to mankind.
Oppenheimer trailer (expected) release date in India
Alongside, the first teaser trailer for Oppenheimer is debuting exclusively in US movie theatres, ahead of Jordan Peele’s Nope. Both films are being distributed by Universal Pictures. Nope is out Friday, July 22 in the US and elsewhere, and August 19 in cinemas across India. We could be treated to the Oppenheimer teaser trailer in August in India.
Oppenheimer trailer description
Going by those who’ve seen it, the brief Oppenheimer clip begins with the dialogue, “The world is changing, reforming. This is your moment,” uttered by Emily Blunt as Katherine, Oppenheimer’s wife. It then switches between visuals of engulfing flames and black and white footage of Murphy being followed around by reporters. An interesting thing to note here is the countdown at the bottom-right of the screen, which could signify the time taken for the first atomic bomb to set off.
According to IMDb, Oppenheimer will make use of both colour and monochrome film stocks in their IMAX cameras, with a Dolby Digital sound mix. Stylistically, it could be similar to his 2000 feature, ‘Memento,’ where the movie cuts between present and past throughout. The film stars Downey Jr. as Lewis Strauss, Damon as Leslie Groves Jr., Pugh as Jean Tatlock, Benny Safdie as Edward Teller, Rami Malek, Kenneth Branagh, and Gary Oldman.
This marks director Nolan’s first movie at Universal Pictures, after severing a nearly two-decade-long partnership with Warner Bros.The Dark Knight director was appalled at the idea of Warner releasing all major films on their novel streaming platform, HBO Max — calling it, “the worst streaming service.”
“Warner Bros. had an incredible machine for getting a filmmaker’s work out everywhere, both in theatres and in the home, and they are dismantling it as we speak. They don’t even understand what they’re losing. Their decision makes no economic sense, and even the most casual Wall Street investor can see the difference between disruption and dysfunction,” he added in a statement to The Hollywood Reporter. Soon after, Nolan and his team started looking for a new studio to produce Oppenheimer — including the likes of Sony Pictures and Paramount, before settling for a deal with Universal Pictures.
Christopher Nolan’s Oppenheimer will release exclusively in cinemas on July 21, 2023.
Tell me if you’ve heard this one before: a world of death-defying, die cast-inspired racing on life-sized toy tracks. A freeway-scale jumble of giant orange raceways, jumps, and loops across which you spill the contents of a dozen of the world’s greatest car museums. Actually you’ve definitely heard it before, because Playground Games did the same thing not all that long ago, in 2017’s much-loved Forza Horizon 3: Hot Wheels expansion. Sadly, that’s been delisted for some time now, so we’re all fortunate that Playground is putting the pedal to the Mattel all over again for its first expansion for Forza Horizon 5. Granted, driving supersized toy cars isn’t as surprising and novel as it was the first time around, but with the power of Forza Horizon 5 behind it and a progression system that pushes you to play with every toy in the box, it’s better than ever.
While Forza Horizon 5: Hot Wheels is similar to Forza Horizon 3’s version on the surface, there are a few key differences that quickly become apparent. The big one is that progression is gated in a new way, first restricting us to cars from B-class or below. The higher classes aren’t unlocked until you progress through each phase of competition in the Hot Wheels Academy. This does stop us from taking out our fastest cars immediately but it’s a system I like because of how it encourages me to think more about the cars I have in the lower performance class and reengage with them, dusting off old favorites. So even though there doesn’t seem to be quite the same amount of things to do as there are in Forza Horizon 4’s LEGO expansion, rather than having people immediately gravitate to the fastest handful of cars in the enormous vehicle roster, Horizon 5 Hot Wheels accomplishes the opposite. The expansion gives us the hulking new Hot Wheels-inspired Baja Bone Shaker straight off the bat, but we’re not restricted to it; any B-class car from your own garage will be sufficient initially.
The nine other cars this expansion adds are a real grab bag of models, though there are only three more overtly Hot Wheels-themed ones: the angular and aggressive Bad to the Blade, the fan-favourite Deora II, and a Hot Wheels-branded COPO Camaro. The remainder are pretty random and, while I am a true fan of the Brabham BT62, there admittedly doesn’t appear to be any tangible Hot Wheels synergy with them. It does feel a bit like six cars that were simply going to be ready come the arrival of the pack rather than six cars that feel like they’re necessarily designed to be here.
Orange you glad?
The real star of the show here is the mega map itself, which is both larger than the Forza Horizon 3 version, and also higher; it’s a floating quartet of themed islands miles above Mexico, meaning the vista is a spectacular blanket of fluffy, white clouds. Combining that brilliant backdrop with the fabulous level of detail in the scuffed and translucent orange tracks arcing and weaving through the map makes for an unsurprisingly gorgeous-looking racing game. It’s certainly capable of some genuinely stunning moments, particularly careening into the active volcano for the first time and racing across a bubbling, lava-filled lake.
It’s certainly capable of some genuinely stunning moments, particularly careening into the active volcano for the first time and racing across a bubbling, lava-filled lake.
“
Hot Wheels for Horizon 5 also adds several track types that weren’t present in the Horizon 3 version, including ice tracks, magnet tracks, wild water flumes, and long straights slung out under enormous fans that will help propel your cars to speeds I’ve never hit in a Forza game before. The added track types inject some pleasing variety, and the magnet tracks in particular seem well-positioned to create some incredible, stomach-churning drops without cars losing contact with the road and crashing at the base.
Playground has also chucked in a decent pile of new Hot Wheels track pieces into its Event Lab creation tools, meaning we can actually build fresh stretches of legitimate Hot Wheels track from one of several deliberately unfinished stubs on the map. The pieces snap together automatically when near enough to each other in an intuitive fashion, but I’ve found there’s a fair bit of trial and error involved in selecting the right pieces, which are twisted and bent in subtly different ways. It’s finicky, but I think there’s a lot of potential here (particularly for patient and talented creators who’ve previously built very imaginative stunt tracks in Forza Horizon 5 itself with more limited construction pieces) although it definitely doesn’t boast the same granular level of control to stretch, shrink, and warp track as the frankly incredible track builder in Hot Wheels Unleashed does.
Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.
The announcement on July 21 comes only a two weeks after the company retrenched 15% of its employees and implemented salary cuts for its top executives as a means to weather difficult market conditions.
It also follows the resignation of key executives including CEO Whit Gibbs and chief finance officer Jodie Fisher in late June, as well as losing one of its Maine-based hosting facilities after allegedly missing payments relating to utility bills and hosting fees.
Compass said the newest large-scale deployment will begin in August and continue for several months.
The expansion includes plans to deploy 25,000 application specific integrated circuit (ASIC) miners to the existing Wolf Hollow plant site in Granbury, including a variety of next generation Bitcoin miners.
According to Compass, the facility is state of the art and powered by a 1.1 gigawatt (GW) combined cycle natural gas fueled plant, which uses advanced gas turbine designs and air cooling to decrease carbon emissions and water dependence.
The data center also has a fully curtailable load and can shut down at a moment’s notice should the draw on the grid exceed capacity.
This adds to existing Compass facilities across the U.S, Canada and Iceland, with major operations in Texas, Ontario, New Mexico and Florida.
Crypto miners in Texas however have had a difficult month as a result of a record-breaking heatwave in the state, which has caused a strain on the energy grid.
Major Bitcoin miners have been working with the Electric Reliability Council of Texas (ERCOT) by temporarily shutting down or severely reducing their operations in the state to reduce the toll on the grid.
Crypto mining firms are still coming to Texas in droves though, attracted by less regulatory oversight and lower energy costs.
Mining stocks hit one-month high
Despite the recent heatwave impacting local mining operations, publicly listed mining stocks appear to be performing well, according to NASDAQ data.
Three of the biggest miners by market cap are all in the green as of July 22.
Marathon Digital Holdings Inc has seen a 99.85% increase in its stock price over the past month, while Riot Blockchain Inc is up 65.65% and Canaan Inc is up 42.27% over the past month.
It comes as the price of Bitcoin (BTC) has also reached a one-month high, reaching $22,938 at the time of writing.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
