Tag Archives: News

The world’s largest bitcoin mining facility has recently opened in Rockdale, Texas. The operation is owned by Germany-based Whinstone Inc., which will rent out the facility to both SBI Holdings Inc. and Japan-based GMO Internet Inc. Both will work to extract new bitcoins using Whinstone’s equipment and Texas location.Whinstone Is Becoming the Primary Mining CompanyBitcoin mining has been a big deal as of late. While always a main staple of the industry, two large events have occurred in the...

Bitcoin is continuing its present bullish behavior and has since added another $400 to its price.Bitcoin Is Still Heading for the TopPolitical unrest appears to contribute heavily to bitcoin’s status. The currency ultimately started out the year on rather unclear ground, with the currency standing beyond $7,000. From there, however, a drop into the $6,000 range occurred, but another surge was right around the corner following the U.S. drone strike against Iran that took out one of the nuclear...

Kelly Loeffler, the former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, will be joining the committee that looks upon the Commodity Futures Trading Commission (CFTC). However, that increased the worries of a possible conflict of interest. In a Jan. 6 tweet, Loeffler said she has sworn into the United States Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.It's official! What an honor to serve our great state in the...

Bitcoin hit its record yesterday coming to $8,400. However, the reasons for that are not as nice as it might seem. There is something to do with the current U.S.-Iran political tensions.Yesterday political situation came to its climax when the Islamic Revolutionary Guard Corps confirmed that it conducted rocket attacks on the Al Asad base in western Iraq that hosts American troops.Right immediately after this news was outlived, all “safe haven assets” jumped sky-high. But let’s go from the...

Tencent Holdings Ltd. and China UnionPay Co. announced they plan to bring together their mobile codes that users scan to pay for purchases. In that way, the Chinese central bank gets a much larger niche network inside the $27 trillion payments playground.Both companies decided to consolidate their QR code systems so their users will be able to transfer or spend their assets just by using the same smartphone symbols.However, from the companies, they didn’t want to elaborate. The Tencent...

Major crypto exchange giant Binance has announced that it is launching a new perpetual contract product through its futures trading platform – Binance Futures. The new contract, which pairs EOS with Tether’s USDT is the platform’s fifth one.According to an official announcement on the Binance website, the new contract launched at 8:00 AM (UTC) on Wednesday, January 8. Also, Binance Futures is offering users up to 75x leverage.Binance also put a pricing limit of ±1% on the mark price, to...

The Bitcoin hash rate has been the talk of the town and analysts are closely observing its movement. After dropping below 100 EH/s earlier this week on Monday, the Bitcoin hash rate recovered back to hit a new all-time high.Beating all of its previous records, the Bitcoin hash rate has hit 120.7 exahashes per second (EH/s). The higher hash rate indicates the higher relative strength of the Bitcoin blockchain. It also indicates higher miner participation and more computational power invested...

Regulators consider adding some cryptocurrencies to the list of registered securities. This especially true when it comes to PoS and DpoS-based blockchains, with the staking reward model. The annual report made by OCIE says that crypto-related operations will be observed and studied with caution. The crypto companies already in the SEC‘s registry will experience additional checks too.The OCIE is thriving to deliver the best integrity and security to the U.S. markets and economy. The investors...

Ethereum is drifting on the price level at $143.64 in the generally positive market. At the same time, Ether’s on the spot upside is restricted to the price level at $145 notwithstanding the obstruction offered by the falling trendline.Ethereum can even now slant past the price level at $160 for the time being, however, the bulls should initially defeat the opposition by $150 price level.Ethereum has framed a higher structure from December 18. Brief times of consolidation additionally would,...

Samsung has made some very interesting announcements during the ongoing CES 2020. Holding at the Las Vegas Convention Center, the International Consumer Electronics Show happens annually, for players in the consumer electronics industry.Even though it began yesterday Samsung has already charged up the event with its announcements. Based on the events at the opening, Samsung has let the world know that it is ready for the new era of consumer electronics.Samsung CES 2020 KeynoteYesterday,...