Tag Archives: News

Crypto mining company Core Scientific has announced it is reducing its staff by roughly ten percent and that it’s devaluing the value of its assets as the crypto space continues to suffer at press time. Core Scientific Forced to Lay Off Staff This has been a common theme in the crypto space as of late. Many companies, including big-name exchanges like Gemini in New York and Coinbase have been forced to make serious cutbacks and lay off several staff members so they can...

A Berkeley-based startup known as Vespene Energy announced that it’s going to use the methane gas emitted by landfills to power bitcoin mining rigs, thus adding more units to the blockchain through greener and more eco-friendly means. Vespene Has Big Bitcoin Plans The world of bitcoin and crypto mining has taken a lot of flak in recent years. There are many reports that digital currency mining uses more energy than several countries, while others claim it’s likely to...

Bitcoin cash price started a fresh increase from the $110 zone against the US Dollar. The price is now trading above the $120 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $125 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $135 and $135 to continue higher in the near term. Bitcoin cash price is climbing above $130 against the US Dollar, similar to bitcoin....

It was announced not too long ago that investment giant BlackRock had partnered with leading digital currency exchange Coinbase to give its clients the opportunity to invest in crypto assets. Now, it looks like the company is taking its digital currency agenda one step further. BlackRock Will Offer BTC Spot Trading to Institutional Clients BlackRock has announced the launch of a new private trust for institutions so they can garner spot BTC exposure. This is a big deal...

Is bitcoin due for another bull run in the coming weeks? The world’s number one digital currency could add a few thousand dollars to its price soon according to crypto analyst Marcus Sotiriou, who stated in a recent interview that the asset could find itself trading for about $26,000. Marcus Sotiriou Believes BTC May Experience a Slight Comeback While this number is nothing to get too excited over, it will likely be a nice breath of fresh air for many clients and traders...

Ben Armstrong is just one of a few social media influencers that regret talking about and promoting cryptocurrency projects. Ben Armstrong Feels Bad About Past Endorsements Armstrong has been engaged in the practice for years. He is one of the most-watched crypto influencers on YouTube. At the time of writing, he has garnered more than 1.5 million subscribers, and for a long time, he accepted payments from crypto companies and projects who were willing to dole out cold,...

Despite falling prices and the overall dying positions of the crypto space, bitcoin bull and gazillionaire hedge fund manager Mike Novogratz recently commented that bitcoin is still a solid asset that’s worth holding. Mike Novogratz Remains Loyal to BTC The crypto space has been suffering heavily over the past few months. The world’s number one digital currency by market cap, for example, reached a new all-time high of more than $68,000 per unit ten months ago in...

Reddit – one of the most popular social media platforms around – has partnered with leading digital currency trading platform FTX to introduce a campaign known as Community Points. The campaign is presenting users with new ways to accept crypto payments. Reddit and FTX Join Hands Digital currencies have made their way into “speculative” and even “hedge fund” territories. Many have thought of bitcoin, for example, as a means of beating inflation and preventing one’s...

Phong Le – the new CEO of software giant MicroStrategy – explained in a recent interview that he was supportive of his predecessor Michael Saylor’s decision to buy bitcoin and add it to the company’s balance sheet. Phong Le on His Relationship with Saylor In recent headlines, Saylor announced he was stepping down from his position as CEO of the company he’s been running since 1989. Le will now take over as the new face of MicroStrategy while Saylor – who will not step...

Solana price started a fresh decline from the $34.50 resistance zone against the US Dollar. The price is now trading below $32 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $33.30 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear move below the $30.00 support zone. Solana price is trading below $33 against the US Dollar, similar to bitcoin....