Cleanspark, a sustainability-focused bitcoin mining company, has announced it will kick-start a 20 MW initiative in its Norcross bitcoin mining facility where miners will be cooled via immersion. The company will host more than 5,900 miners in this facility, which will be submerged into tanks of a biodegradable liquid. Cleanspark states this will help them …
Yearly archives: 2021
Ethereum Price Prediction: ETH/USD Trade Continues Featuring at $4,000
Trade Continues Featuring at $4,000 – December 11It is now on the crypto-financial record that the ETH/USD trade continues featuring at $4,000 line despite the recent downing in its valuation. The crypto market’s percentage rate is estimated at 1.97, trading around $3,979 line as of writing. Trade Continues Featuring at $4,000: ETH MarketKey Levels:Resistance levels: …
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Cardano Successfully Launches Testnet That Will Bring Ethereum Tokens to Its Ecosystem
Cardano (ADA) developer Input Output Hong Kong (IOHK) is announcing the successful launch of a test network (testnet) to allow Ethereum-based tokens to migrate to the Cardano blockchain. IOHK says that it is initially partnering with decentralized artificial intelligence network SingularityNET (AGIX) in the initiative. “In this initial testnet version, users can move SingularityNET’s AGIX …
Fan token market cap surged over 60% since June: Data
The fan token market has been growing in value this year, surging around $157 million in terms of total market capitalization since June. According to data from major fan token website FanMarketCap, the market cap of all fan tokens is estimated to amount to slightly over $417 million at the time of writing. This is …
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Bitcoin (BTC/USD) Price Lowers, Averaging $45,000 Support Level
Bitcoin Price Prediction – December 11The BTC/USD financial book has had it that the crypto’s price lowers, averaging $45,000 support line. The market is currently witnessing an estimated valuation at around $48,423 to keep a percentage rate of about 2.37. BTC/USD Market Key Levels:Resistance levels: $52,500, $55,000, $57,500Support levels: $45,000, $42,500, $40,000BTC/USD – Daily ChartThe …
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Analyzing GameFi’s Potential in the Southeast Asian Market
HodlX Guest Post Submit Your Post The internet has been a catalyst for radical change throughout its evolutionary journey, touching every aspect of our lives. Web 2.0, for one, has introduced several unprecedented avenues for financial innovation globally. Gig economies have been one of its most significant contributions. From cab booking, to at-home massages, to …
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Reelected Miami mayor to take 401k retirement savings partly in Bitcoin
The long-standing mayor of Miami Francis Suarez has now announced plans to take a part of his 401(k) payout in Bitcoin (BTC) just a month after he started receiving salary in BTC. Soon after becoming the first United States lawmaker to accept a part of his salary in Bitcoin, Suarez wants to dedicate a part …
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Polygon reveals acquisition of zk proofs project Mir in $500 million deal
Polygon has revealed an acquisition deal that will see the Ethereum Layer-2 platform buy Predictive Labs and its Mir blockchain in a $400 million deal. Developers Predictive Labs specialize in zero-knowledge roll-up technology, which is gaining traction as a viable privacy and scaling solution. With one eye on the future, the deal forms part of …
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Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022
In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory framework that covers cryptocurrency in early 2022. According to Unathi Kamlana, a …
Chainalysis to Offer Lightning Network Monitoring Service to VASPs in 2022
On December 10, the blockchain intelligence firm Chainalysis revealed that the company has added support for Bitcoin’s second-layer protocol the Lightning Network (LN). According to Chainalysis, firms like exchanges and virtual asset service providers (VASPs) can leverage the company’s Know-Your-Transaction (KYT) real-time transaction monitoring software in order to access compliant bitcoin deposits and withdrawals from …
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Why “Bitcoin Creator” Craig Wright Came Out Ahead Despite Having To Pay $100 Million
On Monday, it was determined by a Miami court that Craig Wright, the alleged creation of Bitcoin, would pay $100 million in damages to David Kleiman, Wright’s partner. The case had dragged on for about a year and finally came to an end with this judgment. This time, Wright did not appeal the judgment as …
How Polygon Sealed A $400M Deal To Get Ahead In The Ethereum ZK Rollup Race
Scaling solution Polygon has stepped up its Zero-Knowledge (ZK) proof ambitions. According to an official post, a startup called Mir will collaborate with Polygon and has invested a staggering amount of $400 million. Related Reading | Polygon: Ethereum’s Friend Is Looking To Make Big Strides Mir and its team of experts will join the scaling …
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Galaxy Digital CEO Explains Why Ethereum Is Outperforming Bitcoin
Bitcoin’s utility as an inflation hedge has been a big push for the adoption of the cryptocurrency by investors. Ethereum on the other hand is fast-rising to become the preferred crypto for hedging against inflation for investors. The digital asset’s performance over the past couple of years has proven that it is a strong contender …
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Bitcoin Miners Hold Off On Selling As Their Reserves Reach 2021 High
On-chain data shows Bitcoin miner reserve is growing as miners are accumulating BTC. The Puell Multiple confirms that miners don’t want to sell at the current price level. Bitcoin Miner Reserves Grow To Highest Value For The Year As pointed out by a CryptoQuant post, BTC miner reserve has been going up as miners seem …
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Bitcoin Is the Most Asymmetric Trade in a Generation, According to Pantera Capital’s Dan Morehead – Here’s Why
Asset management company Pantera Capital’s Dan Morehead is saying that Bitcoin (BTC) is a better investment compared to bonds. In Pantera’s latest Blockchain Letter, the firm’s CEO explains why the flagship cryptocurrency is the most “asymmetric” trade in a generation. “I’ve spent my career looking for asymmetric trades – trades where the upside is many …