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Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
29.7.2021
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys...
Financial Giants State Street & Bank of America Double Down On Crypto
29.7.2021
Source: iStock/E_Y_E
US-based major players in the world of traditional finance continue incorporating crypto in their offerings to existing clients, and/or investing in crypto-related companies.
Financial services provider State Street Corporation said it will provide digital and cryptocurrency...
Is Bitcoin a religion? If not, it soon could be
29.7.2021
Bitcoin struggles at $40K after ‘most confusing’ Jerome Powell press conference
29.7.2021
The Federal Reserve Chairman had to explain what he meant by the term "transitory" inflation as he admitted that consumer prices have gone higher than he and other central bank officials had anticipated
Estimated Number of Crypto Users Reaches 221M, Spurred by Altcoins
29.7.2021
As of July 6. The estimated global crypto population doubled in four months, and it reached 221m as of June, according to calculations by major crypto platform Crypto.com.
"In comparison, it took nine months to reach 100 million from 65 million" since they began tracking these...
Bitcoin and Ethereum Fluctuate, Altcoins Trim Gains
29.7.2021
Bitcoin price is showing positive signs above the USD 39,200 and USD 39,000 support levels. BTC is currently (12:27 UTC) consolidating and it might surge above USD 40,000 once again. A successful close above USD 40,000 and USD 40,500 could push the price higher.
Besides, most major altcoins...
Bitcoin open interest mimics Q4 2020 as new report 'cautiously optimistic' on BTC rally
29.7.2021
An allusion to the start of this year's bullish progress comes as $40,000 refuses to go quietly as resistance
Bitcoin hash rate rebounds as major miners are coming back online
29.7.2021
Restrictions in China have forced homegrown Bitcoin miners to move out to crypto-friendly nations such as Canada, Kazakhstan and the United States
Bitcoin inheritance tool to use cloud service by Russian Sberbank
29.7.2021
A new project in Russia aims to enable secure storage of inherited digital possessions like Bitcoin using a cloud-based service of state-owned Sberbank
Bitcoin is a Victim of a Regulatory Crackdown on Chinese Miners; What’s Next?
29.7.2021
Bitcoin (BTC/USD) made a low of around $29927.00, below $30000 on June 22, for the 1st time since January of 2021 amid a growing globally synchronized regulatory crackdown on Cryptos especially in China, where authorities in certain provinces ordered Bitcoin mining projects to close. As...
Elon Musk Hints Tesla Owns About 42K Bitcoins
29.7.2021
Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its bitcoin holdings was $1.47 billion as of June 30. Tesla Holding About 42K Bitcoins Tesla’s technoking, Elon Musk, has commented on how many bitcoins his electric car company owns...
PayPal Talks up ‘Crypto Capabilities’ of New App, Calls DeFi Applications ‘Interesting’
29.7.2021
The payments giant PayPal, that ended the second quarter with 403m active accounts, has teased a new “super app” that it says will feature “additional crypto capabilities,” claiming that the app is “code complete” and will be readied for rollout in the United States in the next few months.
The...
Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director
29.7.2021
A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio...
US Tax Bill Seeking USD 28B From Crypto Clears 1st Test, Amid Strong Criticism
29.7.2021
A US bipartisan infrastructure bill that might raise USD 28bn from crypto investors has been voted to advance, with a number of crypto industry insiders strongly opposing it.
The US lawmakers are looking into tightening the regulatory rope around crypto to squeeze more money out of the sector...
Record 57K BTC leave exchanges in one day dropping Bitcoin reserves to pre-crash levels
29.7.2021
57,000 BTC leaves exchanges in a single day as demand returns with Bitcoin at the upper end of its multi-month trading corridor
Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors
29.7.2021
Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin
Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls
29.7.2021
The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships. Lolli Raises $10 Million The New York-based Lolli has raised $10 million from...
Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users
29.7.2021
Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Platform Advancing Further Voting Powers in Future Updates Blockchain’s innate ability...
Helium Hotspot Miner – Mining With Helium Bar
29.7.2021
PRESS RELEASE. Helium Network developed a decentralized peer to peer wireless network, which can connect different compatible devices through a series of hotspots. By being a part of this network, people can earn cryptocurrencies (HNT). The Helium hotspot miner network is growing steadily. Hence...
Bitcoin, Ethereum, and XRP Consolidate Gains
29.7.2021
Bitcoin price settled above the USD 39,500 level. BTC is currently (04:42 UTC) eyeing more gains above USD 40,000 and USD 40,500 that could set the pace for a larger increase towards USD 42,000.
Besides, most major altcoins are rising steadily. ETH must settle above USD 2,325 and USD 2,350...