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No Legal Bitcoin Mining in Iran Until Late September
26.5.2021
Iran has banned crypto mining over the summer as the electricity demand sees a major increase in this period - effective immediately.
Per the Iran Front Page, Iranian president Hassan Rouhani forbidden to mine digital currencies until late September, because it puts a massive burden on the national...
Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies
26.5.2021
Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria” just a few months after the central bank ordered banks to stop serving the crypto industry. While acknowledging his country’s position as one of the leading crypto...
Chinese Miners Block Mainland IP Access as Beijing’s Purge Intensifies
26.5.2021
China’s struggle with Bitcoin (BTC) miners appears set to rumble on, as two Chinese players moved to restrict access from Mainland Chinese IP addresses – and one of the biggest mining hotspots in the country making ominous statements about mining “shutdowns.”
BitDeer, a mining group established...
Bitcoin blasts past $40K again, Ethereum nears $3K: Is a bigger crypto rally looming?
26.5.2021
Bitcoin has surged past $40,000 and the cryptocurrency market is rapidly recovering, with $42,000 remaining as a key sell
Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan
26.5.2021
Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed...
Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative
26.5.2021
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency
Zimbabwe’s Biggest Bank Looks at Methods to ‘Leverage Cryptocurrencies’
26.5.2021
One of Zimbabwe’s biggest financial institutions, CBZ Holdings says it is looking at ways it could “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman, CBZ “is open-minded about...
Bitcoin and Ethereum Inch Higher, MATIC Reclaims USD 2
26.5.2021
Bitcoin price remained well supported above the USD 36,500 and USD 37,000 levels. BTC started a fresh increase above the USD 38,000 resistance. It is currently (04:30 UTC) approaching the USD 40,000 resistance, above which the bulls might gain strength.
Similarly, most major altcoins are showing...
Bank of England Governor Bailey Says Cryptocurrencies Are ‘Dangerous’
26.5.2021
Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.” Andrew Bailey Remains...
Uniswap v3 flips v2 on volume — and both versions flip Bitcoin on fee revenue
26.5.2021
Both iterations of the world’s most popular DEX now generate more fee revenue than Bitcoin
Mike Novogratz Doubts Dogecoin’s Future — ‘No Institution Is Buying DOGE, Retail Will Lose Interest’
26.5.2021
Galaxy Digital CEO Mike Novogratz doubts the future of dogecoin. The billionaire investor said that “It likely doesn’t have long-term legs because no institution is buying it and at some point, retail will lose interest.” Novogratz Says Dogecoin ‘Doesn’t Have Long-Term...
Shark Tank’s Kevin O’Leary Expects Flood of Institutional Money Into Bitcoin When ESG Standards Are Met
26.5.2021
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has predicted that a flood of institutional money will flow into bitcoin once miners have addressed the renewable energy and environmental, social, and governance (ESG) issues. He said the flood will begin when bitcoin meets the ESG standards...
Goldman Sachs Says FOMO Is Driving Institutional Investors to Bitcoin
26.5.2021
Investment bank Goldman Sachs says institutional investors and asset managers are driven to bitcoin by “fear of missing out” (FOMO). Goldman now considers bitcoin a new asset class. Nonetheless, institutional investors are facing several strong barriers to entry into the crypto market....
Amid rising stablecoin inflow, cautious traders fear a dead cat bounce
26.5.2021
Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce
Fed’s Daily Tapering Increases by 23%- Tuesday’s Reverse Repo Removes $432 Billion from Market
25.5.2021
Since well before the onset of Covid-19, the U.S. Federal Reserve had initiated monetary easing policies and from then on, the M1 Money Stock supply skyrocketed to levels never-before-seen in history. This weekend reports disclosed that the Fed has started to taper quantitative easing (QE) when...
Realm Closes $2.25M for Seed Investment to Build NFT Powered Microverses
25.5.2021
PRESS RELEASE. Realm, a new NFT microverse platform, has closed its first investment round at $2.25M led by Alphabit with strategic investments from NGC, Genesis Block Ventures, LD Capital, Moonrock, and SL2 amongst other funds. Realm aims to challenge the current NFT platforms by offering creators...
Data Shows Bitcoin Addresses in Accumulation Captures Fresh New Highs
25.5.2021
After bitcoin prices dipped to a low of $30,066 per unit last week, lots of people have been focused on the panic sellers. Meanwhile, when bitcoin prices plunged, the number of bitcoin addresses in accumulation tapped an all-time high at 545,115 addresses. Number of Bitcoin Accumulation Addresses...
Korea’s crypto market is among the strongest — and the strangest — in the world
25.5.2021
Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy
Why Cryptocurrency Makes Strong Comeback and How To Earn More Bitcoin
25.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
After the bloodbath last week, the crypto market is having a strong rebound, showing hope to resume its rally. Bitcoin recovered from its low of 30,000 USD to test the resistance of 40,000 USD. Ether...
What Is the Bitcoin Mining Council – And What Should It Become?
25.5.2021
Elon Musk and Michael Saylor's plan for a greener bitcoin is light on details so far. Here are some possible approaches, says our columnist