Bitmain Confirms New Crypto Mining Facility in Texas

Jul 22, 2020 at 15:46 UTCUpdated Jul 22, 2020 at 16:43 UTC(Kevin Gutowski/Unsplash)How Uniswap Became King of DEXsHaseeb Qureshi is a managing partner at Dragonfly Capital, a cross-border crypto venture fund. A longer version of this post is here. Imagine a college friend reached out to you and said, “Hey, I have a business idea.…

The approval of spot bitcoin ETFs and the resulting price rally are not proof that the cryptocurrency is a good investment, two officials at the European Central Bank said in a blog post.Bitcoin’s price may rise in the short term, but there is no “fair value” from which serious forecasts can be made, they wrote.“Why

markets View Bitcoin’s short-term outlook remains bullish while prices are held above $3,658 (the low of the long-tailed doji created on Feb. 27). A break above $4,000, however, could be preceded by a pullback to $3,750 if another rejection at a newfound resistance of $3,900 ends up breaching the bullish higher low of $3,826 on…

The stablecoin market is on track to shrink for the 14th consecutive month, a sign of capital draining from the digital asset space, and a troubling trend for the recovery of cryptocurrency prices.The total market capitalization of stablecoins dropped to $130 billion in May, falling to the lowest level since September 2021, digital asset data…

Jul 15, 2020 at 09:15 UTCUpdated Jul 15, 2020 at 09:18 UTCChina wants to trial its digital yuan on online food seller Meituan-Dianping, as well as another two Tencent-backed companies. The Beijing-based company has held talks with the research wing at the People's Bank of China (PBoC) over trialing the digital yuan on their platform,…

Listen onTransformative regulatory guidance, important macro tailwinds and, of course, a stunning run-up past $40,000.This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.On this edition of The Breakdown’s weekly recap, NLW looks at what was one of the most spectacular and surprising weeks in bitcoin and crypto history.Specifically, NLW discusses:Price actionMacro…

markets Bitcoin (BTC) could be in for a stronger recovery rally ahead of New Year as the recent major sell-off looks to be fading. The leading cryptocurrency by market value had been trading near $3,200 early yesterday, representing an 83 percent drop from the record high of $20,000 reached the same date in 2017. However,…

news Consumer electronics giant LG may be looking to launch its own blockchain smartphone. A report earlier today from Korean media outlet Chosun said “LG is likely to respond to Samsung’s innovation initiative,” a major brand competitor. In the report, Chosun further claimed LG is having difficulty separating a potential blockchain phone from Samsung’s previous…

Jun 11, 2020 at 16:35 UTCUpdated Jun 11, 2020 at 16:41 UTCCredit: CoinDesk archives, modified using PhotoMoshBitmain’s Power Struggle Takes Toll on Customers as Co-Founder Halts ShipmentsIts employees have been forced to choose sides but now Bitmain’s customers are also in the middle of the escalating power struggle at the world’s largest bitcoin miner manufacturer.…