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Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’

Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 […] дальше »

2021-6-24 19:30


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El Salvador Progresses With Volcano-Powered Bitcoin Mining Plan

The El Salvadoran government seems to be pushing ahead with its plans for bitcoin mining in the country, which would see the use of geothermal energy to power BTC mining activities in the country.  Geothermal Energy for Bitcoin Mining Still in Place El Salvador President Nayib Bukele in a tweet on Wednesday (June 23, 2021),Read More дальше »

2021-6-23 17:00


Bitcoin Mining Council Launches, Aims to Correct BTC Misconceptions On Energy Use

The Bitcoin Mining Council (BMC), a coalition of miners and public companies, held its first formal meeting on Wednesday with MicroStrategy CEO Michael Saylor as convener. The Council aims to counter the misinformation about Bitcoin amid a growing debate over the amount of energy used in mining the cryptocurrency. дальше »

2021-6-18 15:35


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World Bank Turns Down El Salvador’s Request to Help Execute Bitcoin Plans

The World Bank has said that it would not be able to assist the El Salvadoran government with its plans to officially make bitcoin the country’s second legal tender.  World Bank Not in Support of El Salvador’s Bitcoin Ambitions According to Reuters on Wednesday (June 16, 2021), the World Bank turned down El Salvador’s requestRead More дальше »

2021-6-17 19:00


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World Bank Snubs El Salvador’s Request For Help With Integrating Bitcoin

The World Bank has rejected a request from El Salvador for assistance with its Bitcoin adoption plans, reports Reuters. The World Bank, an international financial institution that offers loans and grants to low-income countries, on Wednesday cited “environmental and transparency shortcomings” of Bitcoin as the reason for its turning down the request from El Salvador […] дальше »

2021-6-17 16:25


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Arcane Crypto and Valour Form Partnership to List Crypto Fund-Based ETP

Arcade Crypto, in collaboration with Valour Structured Products, Swiss-based exchange-traded product (ETP) issuer and a subsidiary of DeFi Technologies, to list the first cryptocurrency fund-based ETP  Arcane Plans to List Crypto Fund-Based ETP In a press release by Arcane Crypto on Wednesday (June 16, 2021), the company announced that Arcane Assets, its wholly owned subsidiary,Read More дальше »

2021-6-17 07:09


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Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation

The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open Market Committee (FOMC) said in a statement. The […] дальше »

2021-6-17 01:30


Crypto Bank Silvergate Cuts Ties with Binance, Discontinuing USD Deposits and Withdrawals 

Silvergate Bank, a major financial institution partnered with crypto exchanges ranging from Kraken to Coinbase, recently cut ties with Binance.  Earlier this Wednesday, Binance sent an email to its users stating that the platform would no longer support deposits and withdrawals via Silvergate Bank over SWIFT starting this Friday. As of now, Binance’s USD bank wire […] дальше »

2021-6-12 07:27


China’s BSN Developer Raises $30 Million Series A Round to Boost Global Market Presence

Announced on Wednesday, China’s Blockchain Service Network (BSN) developer, Red Date, has raised $30 million in a Series A funding round led by Hong Kong crypto-focused firm, Kenetic. The funding aims to enhance development on the network, increase its team members and boost market adoption across the globe, a statement read. дальше »

2021-6-11 21:35


Bloomberg Commodity Strategist Mike McGlone Believes Bitcoin Will Surge To $40k

After exploring the likelihood of capitulation in a recent tweet, Bloomberg Intelligence senior commodity strategist Mike McGlone feels bitcoin is “more likely” headed for $40K rather than $20K. El Savador Bitcoin Adoption Will Propel Bitcoin Following El Salvador’s announcement that bitcoin (BTC) is now legal cash in the country, bitcoin markets have increased on Wednesday. […] дальше »

2021-6-10 02:55


Google Releases New Policies On Crypto-Related ADs

Google has announced an update to its financial products and services policy, which includes its policy on cryptocurrency advertising. The Tech Giant Introduces New Crypto Policy In a policy statement published Wednesday, Google said that “beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services when […] дальше »

2021-6-3 23:53


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Ripple Plans to Go Public After SEC Lawsuit Over XRP Is Resolved, CEO Says

Ripple could go public after the SEC lawsuit is resolved, according to CEO Brad Garlinghouse. He reportedly explained that the likelihood of this happening is “very high at some point.” Ripple CEO Brad Garlinghouse was asked at the Consensus 2021 conference on Wednesday whether Ripple will become a public company. He replied that the likelihood […] дальше »

2021-5-29 04:30


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Veriblock Reveals Initiative to Recycle Bitcoin’s Energy Consumption by Securing Dogecoin

On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative in regard to recent environmental concerns over proof-of-work (PoW). дальше »

2021-5-28 22:30


Futu to Add Cryptocurrency Trading in U.S, Singapore and Hong Kong

Futu, one of the leading trading brokerages in China, revealed its plans to offer cryptocurrency trading later this year. In its earnings call earlier this Wednesday, senior vice president Robin Li Xu told analysts that Futu would be applying for digital-currency related licenses in the United States, Singapore, and Hong Kong.  Despite these changes, crypto […] дальше »

2021-5-22 02:56


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Google Search Interest for Crypto Worldwide Hits New ATH

Statistics from Google search trends show a high level of interest in cryptocurrency from retail investors, with search interest reaching an all-time high (ATH) globally.  Retail Interest in Crypto Skyrockets  According to a tweet on Wednesday (May 19, 2021), a graph showed that more people were searching for the word cryptocurrency, with search interest surpassingRead More дальше »

2021-5-21 13:00


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Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas

On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% […] дальше »

2021-5-21 02:30