Crypto exchange Coincheck partners with Hashpalette for IEO in Japan
Japanese exchange Coincheck will be offering an initial exchange offering in coordination with Hashpalette to sell its Palette Tokens. Go to Source Powered by WPeMatico
Month: August 2020
The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete … Read more
Binance.US Opens Doors to Florida Crypto Traders
Eligible residents of Florida can now register to use the Binance.US digital asset marketplace. Go to Source Powered by WPeMatico
Akon Joins Brock Pierce’s Presidential Campaign as Chief Strategist
Crypto entrepreneurs Brock Pierce and Akon will join forces for the 2020 US presidential election. Go to Source Powered by WPeMatico
Ethereum price lingers at key resistance days before $112M options expiry
$112 million in Ethereum options expire on August 28 but data shows traders remain bullish even as ETH trades below $400. Go to Source Powered by WPeMatico
Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin
On Monday, Canadian graphics software company, Snappa, revealed that it was holding bitcoin as a reserve asset. Snappa follows the firms Microstrategy and the Canadian restaurant chain Tahini’s by deciding to convert cash reserves into the scarce crypto asset. The graphics software firm Snappa based in Ottawa has joined the trend of companies converting cash … Read more
Despite a $13k+ price tag, YFI is one of the cheapest DeFi tokens by price-to-sales
Messari noted a lack of expenses as one potential reason for this. Go to Source Powered by WPeMatico
Two DeFi projects with $1.2B in TLV have major governance issues
One project’s founder controls 71% of its voting power. Go to Source Powered by WPeMatico
The Iranian government took down over a thousand crypto mining farms
Iran is rewarding people who turn in crypto miners operating without a license. Go to Source Powered by WPeMatico
3 reasons why Bitcoin price volatility may spike before the monthly close
Bitcoin’s monthly close is fast approaching and three factors point toward heightened volatility in the near term. Go to Source Powered by WPeMatico