Bitcoin mining banned in Iran until September
Iran’s government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months. Go to Source Powered by WPeMatico
Month: May 2021
Elon Musk reminds followers he really isn’t Dogecoin’s master
Musk’s tweets have been credited with markedly influencing the value of the meme cryptocurrency. Go to Source Powered by WPeMatico
Nebraska signs law to authorize state-chartered banks to custody crypto
The bill was co-authored with the cryptocurrency firm Telcoin and introduced by Republican state senator Mike Flood. Go to Source Powered by WPeMatico
Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies
Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria” just a few months after the central bank ordered banks to stop serving the crypto industry. While acknowledging his country’s position as one of the leading crypto markets in the world, Emefiele however insists his organization is … Read more
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
CEOs of major American banking institutions are heading to Washington to face legislators’ questions about how they will aid a post-pandemic economic recovery. Go to Source Powered by WPeMatico
Bitcoin blasts past $40K again, Ethereum nears $3K: Is a bigger crypto rally looming?
Bitcoin has surged past $40,000 and the cryptocurrency market is rapidly recovering. Go to Source Powered by WPeMatico
Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan
Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed $9 million. Kazakhstan to Host New 100 MW … Read more
Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. Go to Source Powered by WPeMatico
DeFi and traditional finance could converge thanks to tokenization
It won’t be easy to bring DeFi to be on par with traditional finance, but tokenization can help it along, says Liquefy’s CEO. Go to Source Powered by WPeMatico
Ether sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premium
Roughly $60 billion worth of ETH changed hands over the past 24 hours while BTC saw $50 billion in trade. Go to Source Powered by WPeMatico
