Following a number of ASIC mining rig acquisitions from the manufacturer Canaan, the bitcoin mining operation Genesis Digital Assets announced on Monday that the firm is developing an industrial-scale bitcoin mining data center in West Texas. According to the announcement, Genesis says that the new facility will have 300 megawatts of capacity with a “low …
Yearly archives: 2021
New Data Shows Red Hot US Inflation Highest in 30 Years — Analyst Says Rising Inflation Could Hit a ‘Tipping Point’
Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country has seen in 30 years. Inflation Continues to Rise …
Billionaire Mark Cuban Says One Thing Will Determine Which Crypto Projects End Up on Top
Shark Tank star and billionaire investor Mark Cuban is sharing his perspective on what use cases will push crypto projects to the top of the industry. In an interview with Galaxy Digital CEO Mike Novogratz, Cuban explains how the current state of the crypto market is reminiscent of the internet in 1995. “There was …
Bitcoin and Ethereum Exchange-Traded Products Could Be Coming to Australia, According to New Report
The Australian Securities and Investments Commission (ASIC) says that the nation could soon approve exchange-traded products (ETPs) for qualifying cryptocurrencies. A new report by ASIC shows that consumer feedback received after a four-week consultation period was overwhelmingly positive for crypto ETPs. “There was near-unanimous support for ETPs and other investment products that provide exposure …
$31,600,000 in Cash and Crypto Seized in International Anti-Drug Trafficking Operation
An international effort from law enforcement targeting darknet narcotic vendors has resulted in more than $31 million worth of cash and crypto being seized from alleged criminals. According to an announcement from the Department Of Justice (DOJ), Operation Dark HunTor, a joint effort between three continents to disrupt darknet opioid traffickers, saw the arrest of …
Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow
“Uptober” is over but as Zhu Su tweeted earlier today, the crypto market rally could extend through “Upvember, Upcember” and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH) primarily because each hit new all-time highs and even though the prices are consolidating now, traders are still wildly bullish. Uptober, Upvember, …
Continue reading “Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow”
Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night
Web Summit 2021, the biggest tech conference in the world, kicked off on Monday in Lisbon, Portugal, and will last until Nov. 4, 2021. In an opening statement, Carlos Moedas, the Mayor of Lisbon, said that “My dream is that Lisbon will be the capital of innovation in the world.” Meanwhile, João Leão, the Minister …
Continue reading “Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night”
eNaira slowly gains traction post-launch amidst glitches
The rollout of the world’s second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC after the Bahamas became the first country in the world to launch theirs, known as The Sand Dollar, the year prior. In a statement quoted by local news outlet …
Continue reading “eNaira slowly gains traction post-launch amidst glitches”
US Treasury report says stablecoin legislation is ‘urgently needed’ to address risks
The President’s Working Group on Financial Markets, or PWG, has released a report suggesting that stablecoin issuers in the United States should be subject to “appropriate federal oversight” akin to that of banks. A Nov. 1 U.S. Treasury report from the group with the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation …
Ethereum Holding Support As Bitcoin Gets Ready for Incoming Price Discovery – Crypto Analyst
A closely followed crypto analyst and trader says that Ethereum (ETH) is holding on to a key support level as Bitcoin (BTC) sets up for imminent price discovery. The pseudonymous trader known as Pentoshi tells his 337,000 followers that Bitcoin has crucial support in the $58,000 area. Because BTC maintained that level as the …
OpenOcean Atlantic Will Enhance and Disrupt Ethereum DeFi Come November 1st
November 1, 2021 – Road Town, British Virgin Islands OpenOcean Atlantic – the long-awaited upgrade of OpenOcean – will go live on the Ethereum network today, November 1, 2021. Users will benefit from maximum returns on swap rates that blow other DEX aggregators out of the water. In addition, OpenOcean prides itself on transparency regarding trading fees …
Continue reading “OpenOcean Atlantic Will Enhance and Disrupt Ethereum DeFi Come November 1st”
Nearly $38,000,000,0000 in Bitcoin Have Left Crypto Exchanges Since February 2020: Digital Asset Insights Firm Glassnode
Blockchain analytics firm Glassnode reveals that Bitcoin’s supply on crypto exchanges is in a sustained downtrend since early 2020 as users withdraw BTC at a staggering rate. Glassnode tells its 368,300 Twitter followers that 617,000 BTC, currently worth $37.97 billion, have moved out of crypto exchanges in a span of 20 months. The crypto …
Panther Protocol and SupraOracles Join Forces To Enable Cross-Chain, Private DeFi
November 1, 2021 – Midtown, Gibraltar Panther Protocol and SupraOracles join forces to introduce cross-chain and private decentralized finance solutions. Both parties will advance the DeFi industry and introduce much-needed infrastructure to cater to a global audience. In addition, the partnership will empower users and developers alike to fuel more competition and innovation in this …
Continue reading “Panther Protocol and SupraOracles Join Forces To Enable Cross-Chain, Private DeFi”
City of Liverpool takes interest in blockchain-powered food delivery platform
On Monday, Metro Mayor of the Liverpool City Region Steve Rotheram announced a 700,000 pound ($955,957) investment into blockchain-powered food delivery service Peepl. The software aims to act as a cost-efficient alternative to food delivery giants for local restaurants. Peepl claims that it can save restaurants up to 50% on the commissions typically charged by …
Continue reading “City of Liverpool takes interest in blockchain-powered food delivery platform”
Amazon job posting hints company’s Web Services are preparing to adopt crypto
Major online retailer Amazon’s IT service management company may be considering driving adoption in the digital asset space among its customers. According to a Saturday job posting, Amazon Web Services’ New York office is hiring a Financial Services Specialist who “understands the overall cryptocurrency and digital asset ecosystem,” with experience in blockchain and distributed ledger …
Continue reading “Amazon job posting hints company’s Web Services are preparing to adopt crypto”