Crypto news

Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.Iran Suffers Blackouts; BTC Mining to Blame?Iran – like many of the world’s nations – has been hit hard by the coronavirus pandemic. The nation is under heavy economic stress and often sees its energy sectors mismanaged by those who have been put in charge. However,...

Kevin O’Leary of “Shark Tank” fame is in the news again for doing nothing other than bashing bitcoin for the umpteenth time. It just goes to show you that no matter how well bitcoin does, there are many doubters out there that will likely continue to spew angry or negative words towards what appears to be a growing store of value.Kevin O’Leary: Bitcoin Is a “Nothing Burger”Bitcoin is presently trading for well over $36,000. This is more than five times its size in January 2020. Nothing could...

The legal battle comes as the Aussie man allegedly suffered significant losses in his crypto business after the banks, Westpac and ANZ, shut down his accounts, local media reported Monday.According to the proceedings filed at the ACT Civil and Administrative Tribunal, Allan Flynn alleged that the banks’ action was illegal as they closed his accounts without any prior warning or reason.  20 Accounts Closed In Three YearsFlynn owns an AUSTRAC-registered crypto exchange with about 450 customers....

XRP/USD – XRP Bulls Holding .618 Fib SupportKey Support Levels: $0.263, $0.25, $0.23.Key Resistance Levels: $0.3, $0.32, $0.35.XRP might be down 11% over the past week after falling from resistance at the 200-days EMA, but the cryptocurrency is still trading within a consolidation pattern known as a symmetrical triangle.Over the past four days, XRP has managed to remain supported by the .618 Fib Retracement at around $0.263 and has recently rebounded from here. The cryptocurrency still has a...

Bitcoin has to endure and overcome the $40,000 boundary in order to avoid a consequent major price correction. JPMorgan strategists say that otherwise, the major cryptocurrency might suffer investment outflow.The $40K Is the Key to Future Prospects for BTCAccording to a JPMorgan Chase & Co report, cited by Bloomberg, this level is an omen to more eventual losses.The major financial institution strategists led by Nikolaos Panigirtzoglou said that the cryptocurrency is at risk of further...

Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining.45,000 BTC Mining Machines Confiscated In IranLocal media outlets reported that the police had seized about 45,000 rigs that consumed 95 megawatts per hour (MWh) of electricity at lower prices.Head of the country’s...

[PRESS RELEASE – Please Read Disclaimer]With bitcoin mooning and surpassing all of its previously-set records, people worldwide are rushing to obtain profits. Miners are also keen on solving the proof-of-work problem in exchange for a chance to add the next block and reap their bitcoin reward. What if there was a better way to profit off bitcoin’s recent bull run?Mining is complicated, but with Winz.io, it has never been easier! The casino has just announced the Winz.io Bitcoin Mining...

Robonomics Winter School 2021 is inviting all willing to join master classes and lectures hosted by experienced contributors and programmers operating with Dapps and Web services on the Polkadot Parachain.The opening ceremony will launch on Wednesday, February 10, at 7:00 PM GMT+3.The main event with all master classes and lectures will be taking place from the 11th to the 24th of February.Robonomics – an open-source platform for IoT applications that supports a new generation of internet...

The decentralized finance sector continues to grow with an impressive all-time high of over $24 billion locked. Additionally, the Binance DeFi Composite Index, measuring the performance of numerous DeFi coins, also marked a new ATH today.Binance DeFi Index To New HighsLaunched in August 2020, the DeFi Composite Index tracks and measures the performance of “a basket” of DeFi assets in what the company described as a “standardized way.”“The composite price indices are combinations of different...

The interest in Ethereum from retail investors has skyrocketed in the past few weeks. Apart from the Google searches reaching all-time high levels beyond the 2017/2018 craze, the number of wallet addresses with relatively small ETH portions has seen new records as well.Google Trends Sees ATH For Ethereum SearchesGoogle trends data is typically a good indicator of the behavior of retail investors, especially when it comes down to less-known investment assets, such as the crypto field. The...