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Michael Novogratz’s Galaxy Digital to Jump Into BTC Mining

Mike Novogratz’s Galaxy is planning a significant leap into the Bitcoin mining sector. Galaxy Digital Mining will be the designated new fraction of the investment company. The upcoming project will reportedly focus on establishing a new business body aimed at providing financial services for miners.Delivering Financial Services to MinersAccording to an official press release, the Galaxy Digital Mining project will be launching in 2021. The new company will connect with already existing...

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Galaxy Digital Set to Launch Mining Financial Services

Galaxy Digital is in a unique position to help connect operators and equipment providers with capital.Galaxy Digital has announced that it would be launching financial services for mining operations. According to the press release, this unit would be known as Galaxy Digital Mining and it would be focused on providing financial services to Bitcoin miners.The press release went on to state that this new unit would be drawing on the parent firm’s expertise in trading and risk management,...

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RIOT Stock Up 7% in Pre-market, Mason Jappa Joins Riot Blockchain Advisory Board

In the last two years, Riot has already made several additions to its board of directors.According to a statement released by Riot Blockchain Inc (NASDAQ: RIOT), the Chief Executive Officer of Blockware Solutions Mason Jappa would be joining the advisory board of Riot Blockchain which consists of Pierre Rochard, Yan Pritzker, and Cory Klippsten. Meanwhile, RIOT stock is moving higher. Today in the pre-market the stock is 6.99% up, trading at $25.55.Jappa, who is an industry leader in the...

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Chinese Mining Rig Manufacturer MicroBT to Go for IPO in US

The move of MicroBT to go public in the United States will be a big win for the ambitious company amid the growing demand and the ongoing rise in the adoption of Bitcoin by institutional investors.Chinese based cryptocurrency mining rig manufacturer MicroBT is reportedly to go public in the United States through an Initial Public Offering (IPO). The news which was first broken by Chinese crypto blogger Colin Wu did not specify the projected IPO timeline for the Whatsminer manufacturer but...

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The NFT and Decentralized Cloud Mining Power Market of DMEX

[PRESS RELEASE – Please Read Disclaimer]DMEX stands for Decentralized Mining Exchange. It is a decentralized trading platform for cloud mining power. DMEX is building a cloud mining power trading platform for the average users so that they could enjoy the freedom for participation, transparency in incomes, and liquidity in assets. In order to realize this mission, decentralization is the key. DMEX platform does not rely on third-party suppliers to construct the cloud mining market. Instead,...

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Founder of a $147M Crypto Ponzi Scheme Sentenced to 10 Years in Prison

Central District Court in California sentenced GemCoin founder Steve Chen to 10 years in federal prison. Chen has been announced guilty of being the mastermind and leader of a $147 million crypto Ponzi scheme that involved mining and digital currency fraud, and tax evasion.Over 70,000 Investors Defrauded with Gemstone-backed CryptoAccording to the US Department of Justice, 63-year-old Californian Steve Chen and a team of conspirators have masterminded the fraudulent endeavor that remained...

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Despite the Crash: Bitcoin Fundamentals Remain Stronger Than Ever

Although the price of bitcoin has crashed in the past 24 hours with double-digit percetages, the network’s fundamentals remain strong. Recent data indicated that BTC’s mining difficulty and the hash rate had reached new all-time highs.BTC Mining Difficulty And Hash Rate ATHsThe mining difficulty on the BTC network goes through an automatic adjustment every 2,016 blocks (or roughly two weeks). Depending on the number of active miners putting their computational power to work on the blockchain,...

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Central Washington Told to Watch Out for Bootleg Crypto Mining Companies

Central Washington – an area that has attracted a high level of bitcoin and crypto mining operations thanks to its low energy costs – has been told to watch out for any signs of bootleg mining companies.Central Washington Is Now Keeping an Eye OutAmong the red flags that the area has been put on high alert for are unusually high energy bills and exhaust fans that operate on a 24-hour scale.The area has been one of the most sought-out regions amongst crypto and bitcoin miners since 2017. At...

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Elon Musk Doesn’t Mind Getting His Salary in Bitcoin

In a recent Twitter reply, the CEO of Tesla and SpaceX admitted that he wouldn’t turn out getting paid in Bitcoin. His statement came as a reply to Ben Mezrich, the author of Bitcoin Billionaires. Ben Mezrich and Elon Musk on BitcoinA couple of days ago, Ben Mezrich, the author of Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption, took it to Twitter to say that he wouldn’t turn down getting paid in bitcoin again.As CryptoPotato reported earlier in 2020, Bitcoin started...

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The 5 Best Online Trading Platforms in Australia

Every forex trader needs a platform. Without one, you won’t be able to connect to the forex market to start trading.  If you search for forex trading platforms, you’ll likely come across a variety. However, the problem you can face is determining which platforms are regulated and trustworthy over the others.We made a list of the best five online trading platforms for Australian traders. The following list is of regulated and trusted brokers and platforms that can help you make the most of...

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