Bitcoin has struggled to gain ground in the last month, with a brief foray above $50,000 proving fleeting even as one central bank predicted the price of bitcoin would soon double. The cost of bitcoin peaked at $52,000 per bitcoin early last week. However, later it dropped to less than $45,000 after a viral campaign …
Greenidge, a bitcoin mining and power generation company, is scheduled to merge with customer and technical support solutions provider Support.com to become the latest publicly traded mining company. The new entity’s Class A shares will denote by the symbol GREE. The combination expects to become effective by market close the following day, according to a …
While Bitcoin (BTC) struggles to stay above the 200-day simple moving average, ALGO, ATOM, XTZ, and EGLD continue to rise. Bitcoin (BTC) is in a bull-bear war near the 200-day simple moving average. It regards as a fundamental level by institutional investors attempting to determine whether the asset is bullish or bearish. In addition, crypto …
The Biden administration takes a more hands-on approach to the cryptocurrency business. Currently, it is highly volatile, poorly understood, and barely regulated. Cryptocurrencies are decentralized digital currencies. They are protected by blockchain technology. Bitcoin, ethereum, and other cryptocurrencies have become nearly as accessible as government-issued currency in recent years. Yet, the government provides little consumer …
Bitmain, a Chinese mining hardware company, will bring 56,000 of its latest Antminers to Georgia in the United States’ southeastern region. The surge of mining rigs results from a collaboration between the Nevada-based tech firm ISW Holdings, the crypto mining datacenter Bit5ive, and Bitmain. According to ISW, the entire cost of the hardware deployment will …
The Securities and Exchange Commission (SEC) of the United States has reportedly threatened to sue Coinbase for a crypto dividend program that it considers security. Coinbase CEO Brian Armstrong tweeted on September 8 that the SEC has been engaging in “really dodgy conduct recently”. This was before launching into a 21-post thread documenting the SEC’s …
Fintech firms perceive an opportunity in traditional banks’ apathy and hesitancy toward the cryptocurrency ecosystem. A new partnership between Australian crypto exchange BTC Markets and local neo-bank Volt has brought fintech banking features to cryptocurrencies. Volt, licensed to operate as an authorized deposit-taking institution in Australia since 2019, will provide corporate cash management accounts for …
BTC bulls are still hoping to convert $50,000 into support, and if this occurs, LTC, FIL, FTT, and MIOTA may increase further. Bitcoin (BTC) is struggling to keep its price over $50,500, but that hasn’t stopped altcoins from following in the footsteps of Ether (ETH), which recently reached $4,000 in value. That has increased Ether’s …
Cryptocurrency Forecast: BTC, LTC, FIL, FTT, MIOTA Read More »
The court has given the United States Securities and Exchange Commission until September 3 to respond to Ripple’s suit to compel the authority to divulge data on its employees’ XRP holdings. As part of its ongoing legal battle with the Securities and Exchange Commission, Ripple has filed a motion to compel the SEC to divulge …
Judge orders Ripple to send 1 million Slack messeges to SEC Read More »
As decentralized finance (DeFi) gains traction in the blockchain industry, more projects enter the market. By the end of 2020, the DeFi market was expecting to be worth around $16 billion. However, by the third quarter of 2021, the market had expanded to an estimated $154 billion in total value locked. The exponential market expansion …
According to a representation agreement made with United Talent Agency for CryptoPunks, Meebits, and Authoglyphs, Larva Labs’ blockchain-created IP is coming to Hollywood. Behind the wildly successful NFT project CryptoPunks, Larva Labs has teamed up with the Hollywood talent agency United Talent Agency. According to a Hollywood Reporter article published on August 31, UTA will …
CryptoPunks teamed up with Hollywood Top Agencies Read More »
James (Josh) Wilson, a Securities Litigation Partner, encourages investors who have suffered losses in Coinbase that exceed $50,000 to contact him directly to discuss their options. Faruqi & Faruqi is a national minority and woman-owned securities law firm with offices in New York, Delaware, Pennsylvania, California, and Georgia. The complaint, as described below, seeks to …
On August 27, United States Federal Reserve Chair Jerome Powell stated that the central bank would begin tapering its $120 billion monthly bond purchases by the end of the year. Still, interest rate hikes will have to wait until the job market and inflation passes a more stringent test. In response to the speech, the …
Crypto Forecast: BTC, ADA, LUNA, VET and XTZ may outperform Read More »
HIVE is pleased to report that our worldwide hash rate from Bitcoin mining has surpassed 1 EX/s today. In Canada, the Company has delivered 1,845 Bitcoin miners with a total hash rate of 172 Petahash per second in the last 24 hours. These miners will distribute among their two Canadian data centers. There will be …
Back when Bitcoin has first established, it intended to go global and become the world’s cryptocurrency. However, widespread adoption has yet to occur. Bitcoin’s mass adoption would suggest that everyone uses it, that it can use to pay in every business and restaurant. That is not the case. Even now, in mid-2021, the majority of …
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