Hive Digital sales up 36% as Bitcoin miner forays into AI compute

Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities. 703 Total views 21 Total shares The weekend is upon us and fear remains the dominant short-term sentiment in the cryptocurrency market. Earlier today Bitcoin (BTC) price dropped to…

2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology. Big announcements, such as PayPal’s decision to enable its users to buy and sell Bitcoin (BTC), have understandably dominated the headlines. However, pivotal regulatory developments across the globe have largely flown under the radar…

Non-custodial exchange KyberSwap has launched fiat-to-crypto gateway in collaboration with cryptocurrency exchange Coindirect.According to a Sept. 13 blog post, KyberSwap’s users can now buy digital currencies directly with fiat currencies, taking into account that the exchange currently supports trading of Ether (ETH) and ERC-20 tokens only.The partnership with MakerDAO-backed third-party service Coindirect enables KyberSwap’s customers…

Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs Silicon Valley Bank (SVB) was shut down by California’s financial watchdog on March 10 after announcing a significant sale of assets and stocks aimed at raising additional capital. The California watchdog appointed the Federal Deposit…

In a recent blog post, cryptocurrency legend and former BitMEX CEO Arthur Hayes mentioned he holds sizable bags of GMX and LOOKS tokens. According to Hayes, his main reasoning for investing in both tokens was their platform revenue and the potential of both assets to outperform standard treasury bills. Let’s take a brief look at on-chain…

LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs. 424 Total views 9 Total shares LibertyX, a major retail network of Bitcoin (BTC) ATMs in the United States, is expanding Bitcoin sales options at thousands of its ATMs.According to an Oct. 26 announcement, LibertyX has enabled a Bitcoin cashout feature…

Bitcoin (BTC) is down over 13% on the day, inviting competing interpretations as to what could have triggered the top coin’s downward turn.As of press time, Bitcoin is circling the $8,400 mark — signaling a hefty 17.8% loss on the week.Bitcoin 24-hour chart. Source: Coin360Is Bakkt to blame?Among the most popular theories among cryptocurrency commentators…

Pennsylvania-based pharmacist Kenneth Kim had always “wanted to do something with crypto” that could “make the world a better place”. In 2019, he founded what is known today as Crypto for the Homeless (CFTHL), a New Jersey registered non–profit organization, which has fed more than 5,000 homeless people around the world through the use of digital…

Bitcoin returns to a tug-of-war over the $30,000 mark, with BTC price action costing RSI weeks of upside. 608 Total views 4 Total shares Bitcoin (BTC) targeted new month-to-date lows at the July 18 Wall Street open as bulls refused to give up on $30,000 support.BTC/USD 1-hour chart. Source: TradingViewBTC price: Heavy resistance risks weekly…