What the New York Times Gets Wrong About Bitcoin Mining
ALSO: BTC holds above $30K, IMF suggest "bank-like" controls for crypto and more | April 11, 2023 The biggest crypto news and ideas of the day Were you forwarded this newsletter? Sign up here . Don't want this newsletter? Unsubscribe Welcome to The Node. This is Daniel Kuhn and Prachi Vashisht, here to take you through the latest in crypto news and why it matters. In today's newsletter: In the news: Days after the U.S. Treasury Department's blistering DeFi report, the International Monetary Fund says stablecoin and crypto companies need bank-style capital requirements. Having crossed $30,000, bitcoin remains dominant crypto ahead of Ethereum's much-anticipated Shanghai upgrade. And the Winklevoss twins are looking to raise capital for their beleaguered Gemini crypto exchange . The takeaway: CoinDesk Chief Insights Columnist David Z. Morris pokes holes in the New York Times' bitcoin mining expose. Agents React Following...
