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Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

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With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn … Read more

Bitcoin.com Wallet Adds ETH

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The Bitcoin.com team is excited to announce integration of Ethereum into the Bitcoin.com Wallet. That means anyone can now buy, receive, store, trade, and send ether (ETH) with the convenience and security of the industry’s most user-friendly, non-custodial wallet. How It Works When you open the Bitcoin.com Wallet, you’ll now see the Ethereum section in … Read more

Notorious ‘Tiger King’ Joe Exotic Launches ETH-Based Token to Help Legal Fund

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The infamous Joseph Maldonado, aka “Joe Exotic,” from the docuseries “Tiger King: Murder, Mayhem and Madness,” has launched his own Ethereum-based token. According to the website tiger-king.org, the project will also feature non-fungible tokens (NFTs) and the proceeds from NFT sales will go toward helping Joe Exotic’s legal defense team and tiger rescue funding. ‘Tiger … Read more

Bitcoin’s Price Regains Some Losses, Signals Still Show Indecisive Crypto Markets

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Digital currency market prices have been dropping during the last few days as the crypto economy now rests at $1.53 trillion in value. Crypto trade volumes have increased a hair on Sunday, and a few crypto assets have seen decent percentage gains over the course of the last seven days. Crypto Market Prices Consolidate While … Read more

Market Forecaster Jim Bianco Says Ethereum Has a Lot of Upside, Investor Doesn’t Hold Bitcoin

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On May 27, the president of Bianco Research, Jim Bianco explained during an interview that he believes there’s a lot of upside potential when it comes to the crypto economy. Bianco said since 2017 he’s owned a basket of crypto assets like ethereum, but he doesn’t hold bitcoin. Bianco Research President Owns a Basket of … Read more

Fund Manager Wisdomtree Files With SEC to List Ethereum ETF on Cboe BZX

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The financial asset manager, Wisdomtree, is now the second institution to file for an ethereum-based exchange-traded fund (ETF), following Vaneck’s recent filing on May 7. The recently filed S-1 with the U.S. Securities and Exchange Commission (SEC) says the fund’s “investment objective is to gain exposure to the price of ether.” Wisdomtree Follows Vaneck’s Lead … Read more

US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments

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The American chain of convenience stores and coffee shops, Sheetz, announced on Thursday that the firm would be accepting digital currencies like bitcoin, ether, and dogecoin for payments. The major Mid-Atlantic chain’s executive payments manager says accepting crypto-asset acceptance bolsters Sheetz’s mission to provide customers with the “ultimate one-stop-shop.” Convenience Store Chain Sheetz Adds Digital … Read more

$2.2 Billion Notional in BTC Options Set to Expire on Friday, Bitcoin Contango Has Returned

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According to data from Skew Analytics, more than 55,000 bitcoin options contracts worth $2.2 billion will expire on Friday. Statistics further show, as far as options are concerned, Deribit captures the lion’s share of contracts with 48,469 bitcoin options contracts ($1.95 billion notional) set to expire. 55K in Bitcoin Option Set to Expire, Deribit Carries … Read more