Tag Archives: Bitcoin News

Fort Worth, Texas has become the first city government in all the United States to mine bitcoin. The city is employing three Antminer S9 rigs that will run all day, every day in a technology wing of the region’s city hall. Fort Worth, Texas Is at the Heart of BTC Mining Per city estimates, each rig will require about as much energy as a standard vacuum cleaner. Officials assure residents that the process will be clean. In addition, all three machines will be run on a...

Fidelity Investments – one of the largest investment and trading companies out there – has announced that customers can place cryptocurrencies like bitcoin into their 401Ks and retirement funds. Fidelity Allows Users to Invest in Crypto with Their 401Ks Adam Dell – the founder of Domain Money – believes this is one of the biggest boosts crypto has been given in recent years. During an interview, he commented: It’s a recognition that investors are looking for access to...

Pierre Poilievre – a candidate for the Conservative Party leader of Canada – says that cryptocurrencies are a solid hedge against inflation, something the nation has been experiencing for months. However, two main officials of the Bank of Canada disagree. They have rebuked his words, saying crypto serves no such purpose and that they will not replace the Canadian dollar with any form of digital currency. Pierre Poilievre Believes Crypto Can Halt Inflation in Canada...

Cypherpunk – a leader in the blockchain, metaverse, and cryptography sectors – has recently invested more than $500,000 into the AB Digital Strategies Fund managed by Isla Capital. The company made a $250K investment in February and the second investment a few weeks ago in April. Cypherpunk Gives Half a Million Dollars to Digital Strategies Fund Jeff Gao – the CEO of Cypherpunk – said that he is trying hard to ensure the company moves away from cash and traditional...

Pro Shares should be a name that everyone in the crypto space knows and understands. Not long ago (during the summer of 2021), the company unveiled a real bitcoin-based exchange-traded fund (ETF). Pro Shares and the Success of Its ETF The product was not based on actual bitcoins but on futures technology. This got a lot of people talking negatively about it early, though many other analysts felt that while it was inferior to spot trading, it was a step in the right...

The Gemini exchange in New York is introducing a new credit card that will provide crypto-based rewards to its customers. Gemini Is Establishing a New Crypto Rewards Card Individuals who use the credit card for purchases will earn cash back in crypto. Known as the Gemini Credit Card, the item gives three percent cash back in bitcoin or other forms of crypto to customers using it for dining purposes. They can also get two percent when they use their cards for groceries,...

Is bitcoin still a good hedge against inflation? According to OK Coin CEO Hong Fang, the answer is a resounding “yes.” Hong Fang: Bitcoin Can Still Fight Inflation The argument of bitcoin serving as a hedge against inflation has been going on for years. This argument especially took precedence during the early days of COVID. At the time, everyone was losing their jobs left and right and were being forced to stay home. Businesses were closing, and the economy was in a...

Eng Taing is a real estate investor who loves making money. So much so that he’s now getting into crypto. Aside from putting his money into the housing market, he’s now established a new crypto mining firm consisting of about 261 machines. Eng Taing Has Set Up a Successful BTC Mining Firm In a recent article, Taing says that while crypto isn’t necessarily his first love, he sees the industry has a lot of potential. Thus, he wants to be in on the wealth secrets that the...

Leave it to the Fed to say something stupid that ultimately brings down the prices of bitcoin and many of its altcoin cousins. The world’s number one digital currency is now trading for just over $40K at the time of writing after Jerome Powell of the Federal Reserve commented that the agency is looking to hike rates again next month as a way of combating inflation. The Fed Will Hike Rates Again In addition to bitcoin, assets like Ethereum fell by more than five percent,...

Argentina has long been marred by a battered economy and corrupt politicians. Many remember a time in the early 90s when these politicians froze everybody’s bank accounts overnight, and many people saw the quick evaporation of their savings. Argentina Works to Obtain BTC Jeronimo Ferrer doesn’t want anything like that happening again – not to him or any member of his family or community. As a result, he’s been running a walking tour he calls “Our Local Crazy Economy and...