Crypto news

Greenidge Generation Holdings – a crypto mining firm in Dresden, New York – says it’s going to invest approximately $264 million to establish a new data center in Spartanburg County in the state of South Carolina. The new center is slated to bring around 40 new jobs to the region. Greenidge Is Heading to S.C. Governor Henry McMaster stated in a recent interview: South Carolina is transforming into a hub for tech-focused companies, and we welcome Greenidge Generation to...

MicroStrategy – the software giant that has made a name for itself purchasing bitcoin over the last year and a half – says that despite bitcoin falling to new price lows this week, the company is going to continue its BTC buying habits and it will likely purchase even more of the world’s number one digital asset in 2022 than it did last year. MicroStrategy Is Planning to Continue Buying BTC Chief financial officer Phong Le stated in an interview: Our strategy with...

Centrifuge – a decentralized asset financing protocol –  just won an auction for a parachain slot on Polkadot. Like other parachains from Polkadot’s second group of parachain auctions, it is expected to launch on March 11th. Centrifuge Meets Polkadot The protocol announced its auction victory in a blog post on Thursday. The team says they are “all systems go” to bring its functionality to Polkadot. Centrifuge is used to bridge non-digitally native, real-world assets into...

Considering the technical and on-chain data, a possible bounce back in the short term is possible. Though, in an uncertain environment from the macro perspective, a strong price recovery seems less likely. Technical Analysis By: Edris Daily timeframe: The downtrend in Bitcoin’s continues as we approach the bulls’ last stronghold. The daily chart shows that the price has been consolidating extensively over the previous year. We are currently moving down towards the lower band...

The prices of the world’s major cryptocurrencies – including bitcoin and Ethereum – have crashed this week. Bitcoin, for example, has fallen below $33,000 per unit, while Ethereum is down to about $2,300. At the center of all this is a new executive order that Joe Biden is set to issue. The order will ask the Fed and other financial agencies in the U.S. to look at cryptocurrency and determine the risks and opportunities that come with the space. The U.S. Is Looking to Implement New Crypto...

Along with a record $35 billion quarterly earnings and 11.2% rise in sales to $124 billion, Apple Inc outlined its metaverse ambitions on Thursday. In a call with investors, CEO Tom Cook spoke about the company’s plans and preparations to expand its presence in the business of augmented reality. Apple’s Metaverse Plans To a question asked by Katy Huberty of Morgan Stanely about “Metaverse opportunity and Apple’s role in that market,” Cook said, “We see a lot of potential in...

Sandeep Nailwal, the co-founder of Polygon (MATIC), revealed today that India’s CryptoRelief will be sending 100 million USDC from Vitalik Buterin’s last year SHIB donation back to him. Last year in May, Vitalik Buterin donated 50 trillion SHIB tokens to India Covid Relief Fund. Tweeting on the matter, Nailwal revealed the reasons for which they made the decision to send $100 million of the donation back to Buterin. He explained that him being an Indian presents certain...

To say that the last seven days were rough on the cryptocurrency market would be a wild understatement. A lot happened, and the volatility jumped through the roof, so let’s start with Bitcoin. BTC’s price started going down right from the get-go. Last Saturday, it went from $39K to $36K, but the bears weren’t finished yet. Later in the day, BTC dropped below $35K and, over the next hours, consolidated around that level. On Sunday, the cryptocurrency attempted to recover a...

[PRESS RELEASE – MAHE, Seychelles, 27th January 2022] Crypto investment platform BitMEX today announced the launch of BitMEX Academy, a multimedia crypto education platform that will offer a new way to learn about crypto for beginner and expert traders alike. BitMEX Academy will bring together the greatest minds in the industry to share knowledge on cryptocurrency, blockchain technology, trading fundamentals, and other topics essential to success in the crypto markets. In the...

[PRESS RELEASE – Please Read Disclaimer] OVR has started the first phase of migration from the Ethereum network to Polygon. The company has transferred Merkle Proof and minting functions from the former network to the latter. As a result, users can now mint their OVRLand NFTs on Polygon for only a few cents. Similarly, OVR has added Polygon network payments alongside Ethereum and BSC payment options in the primary market. This, therefore, results in lower transaction costs....