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Foundry USA becomes second-largest Bitcoin mining pool amid China ban
20.11.2021
New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool
Huobi Joins with zKSync for Faster and Low-Rate Blockchain
16.11.2021
Huobi Global partners with zkSync, the latest ZK Rollup EVM-Compatible developed by Matter Labs. This is to offer faster and low-rate access Blockchain experience with good security as Ethereum, following Huobi Ventures’ strategic investment in Matter Labs’ recent round of funding....
Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now
16.11.2021
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at...
US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years
11.11.2021
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S....
'Resistance is futile' — 5 things to watch in Bitcoin this week
8.11.2021
A surprise surge greets BTC hodlers at the start of the new week with $65,000 suddenly returning overnight
Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars
4.11.2021
PrimeBlock’s CEO was involved in the $98 billion direct listing for Coinbase that Goldman Sachs was leading
Genesis Digital Assets announces new data center in Texas
2.11.2021
Genesis Digital Assets' new Bitcoin Texan mining center will have a capacity of 300 megawatts
Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days
31.10.2021
87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that...
Finder Survey: Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally
31.10.2021
According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin Is the Most Popular Coin in Nigeria In addition to finding the West African nation as the country with the highest proportion...
Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years
29.10.2021
Kazakhstan currently ranks No. 2 in the world in terms of Bitcoin mining hash rate
No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’
29.10.2021
The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean...
Bitcoin hodling rate reaches 9-month high, boosting hopes of 'bull flag' rally to $70K
28.10.2021
The number of "hodled" and presumably lost Bitcoin tokens continues to surge in sync with the BTC price
New Bitcoin hash rate highs remove any trace of China mining ban
28.10.2021
China's exit from Bitcoin mining is now all but unnoticeable as network fundamentals take care of their own recovery
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
18.10.2021
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting...
Nigerian Presidency: Vice President Yemi Osinbajo Against ‘Willy-Nilly Devaluation of the Naira’
15.10.2021
The Nigerian presidency has denied reports that the country’s Vice President (VP), Yemi Osinbajo, was calling for the devaluation of the local currency when he recently questioned the naira’s official exchange rate. The Huge Arbitrage In fact, according to a report that quotes Laolu...
US dominates global Bitcoin hash rate distribution after China crackdown
13.10.2021
The United States now accounts for more than a third of the total Bitcoin mining activity with Kazakhstan and Russia also becoming major locations
Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval
12.10.2021
ETH price is lagging behind BTC's recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term
China’s crypto ban: Buy the dip or cause for concern?
12.10.2021
China's regulatory policies toward crypto used to be a major factor in market activity
Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’
12.10.2021
Nigerian Vice President Yemi Osinbajo recently warned that the country’s official naira exchange rate of N411 for every dollar is artificially low. This exchange rate, according to Osinbajo, discourages foreign exchange entrance into the country. Naira Exchange Rate Must Reflect Realities...
What Bitcoin correction? BTC price holds $55K despite several bearish indicators
9.10.2021
Bitcoin price refuses to pull back despite Bollinger Bands and Fear and Greed pointing to an overheated rally