Crypto news

BTC miners in Argentina are thriving by taking advantage of cheap, subsidized energy. Countries with low utility rates have been great spots for crypto miners, and the resurgence of capital controls is boosting profits for miners in Argentina. The news was first reported by Bloomberg, later republished in the Buenos Aires Times. Miners Taking Advantage of Cheap Electricity  Experts like Nicolás Bourbon, a crypto-miner in Argentina, have said this is an opportunity to take...

Mark Cuban is a billionaire with a lot of ideas in his head. While he has, for the most part, had a very up-and-down relationship with bitcoin and its altcoin cousins, he recently admitted to being invested in the world’s largest digital currency by market cap. He also claimed to be a fan of ETH given its capabilities with smart contracts. Mark Cuban: I Look at “Blockchains as Networks” In a recent interview, Cuban discussed what it was that brought him onto the...

TRON’s Justin Sun agrees with Elon Musk’s concerns on the carbon footprint that bitcoin mining leaves. He believes the proof of work consensus algorithm has its flaws and urged people to strive to use more green energy. Sun Agrees With Musk Tesla’s CEO made the news several weeks ago when the EV-maker disallowed bitcoin payments for its products. Ever since then, Musk repeatedly outlined the high levels of energy used by the primary cryptocurrency and urged miners to use more...

Bitcoin is crashing. Everybody knows that right about now, and the world’s number one digital currency has fallen to around $34,000 per unit at the time of writing. The currency has lost roughly $30,000 from its previous all-time high of $64,000, which it attained in mid-April, and many are wondering if companies such as Tesla – which purchased a lot of BTC about three months ago – did the right thing with their money. Did Tesla Do the Right Thing Regarding Bitcoin?...

The Reserve Bank of India issued a new circular today, clarifying that although banks and other entities need to carry customer due diligence, cryptocurrencies are not outlawed in the country. Citing media reports that banks and regulated entities have “cautioned their customers against dealing in virtual currencies by making a reference” to a circular that RBI Issued back in 2018, the bank now clarifies the situation. The institution said that these “references are not in...

America’s oldest bank, BNY Mellon, continues with its cryptocurrency endeavors by planning to release custodial services in Ireland through its local branch. At the same time, the country’s central bank outlined “great concerns” related to the popularity rise of bitcoin and other digital assets. BNY Mellon Launches Crypto Custody in Ireland The Bank of New York Mellon Corporation, known simply as BNY Mellon, is America’s oldest banking organization. Since the start of the...

Charles Hoskinson – the creator of Cardano –  opined that central banks would fade away as they are slow and corrupt. Furthermore, he claimed that crypto is the cure to the current financial system. Crypto Is The Antidote In a recent video, Hoskinson shared his thoughts on the financial ecosystem and the significant role of cryptocurrencies. He opined that central banks are no longer the efficient institutions they used to be, describing them as slow and corrupt. Hoskinson...

[PRESS RELEASE – Please Read Disclaimer] Team PancakeHunny provides users the easiest way to join the bandwagon of the DeFi world. We support the underlying DeFi technology to compound user yields through Binance Smart Chain (BSC). As a Yield Aggregator, we leverage different DeFi protocols and strategies to maximize user profits. Through smart contracts, PancakeHunny allows individuals to reap fruits of compounding without hassle as we calculate the best compounding...

ADA/USD – Bulls Break Higher Above 50-day MA Key Support Levels: $1.50, $1.38, $1.35.Key Resistance Levels: $1.70, $1.80, $2.00. ADA dropped beneath $1.50 (50-day MA) over the weekend but managed to find solid support around $1.35 (100-day MA). This level was further bolstered by a rising trend line that has been in play since the end of April. More specifically, ADA closed the Saturday daily candle above $1.40 (.5 Fib) and rebounded back above $1.50 yesterday. Today, it has...

In yet another win for Ripple in its lawsuit against the SEC, the Judge has denied the Commission’s motion to compel the payment processor to produce internal information discussing XRP sales with its legal team. As a result, the price of the XPR token surged by double-digits in 24 hours. SEC Denied From Accessing Internal XRP Sale Docs Earlier in May, the Securities and Exchange Commission asked the Court to order Ripple to produce all relevant documents of legal, internal...