Hut 8 expands mining operations with power deal in West Texas
Hut 8 secured a purchase agreement for 205 megawatts of power and land in West Texas, expanding its energy infrastructure to about 1.3 gigawatts of capacity.
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Bitcoin (BTC) speculators waiting for a BTC price drop of even 35% will probably be waiting forever, new data shows.In a tweet on Sep. 22, quant analyst PlanB noted that Bitcoin will break the habit of a lifetime if it goes lower than $6,700.PlanB tracks historical BTC price floorPlanB was referencing the 200-week moving average…
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Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation.
Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more
Bitcoin’s (BTC) and Ether’s (ETH) agonizing 60% and 66% respective drops in price are drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty of stocks with similar, if not worse, performances. The sharp volatility witnessed in crypto prices is partially driven by major centralized yield and lending…
WisdomTree amends Bitcoin ETF application, naming US Bank as custodian
U.S. Bank launched crypto custody services for institutional investors in October as part of a partnership with New York Digital Investment Group. 582 Total views 17 Total shares New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund with the Securities and Exchange Commission to name U.S. Bank as its custodian. In…
Bitcoin’s big month: Did US institutions prevail over Asian retail traders?
Bitcoin experienced the second-strongest January in its history — and the best since 2013 — rising nearly 40% amid wide reports that institutional investors were back on board.Zhong Yang Chan, head of research at CoinGecko, told Cointelegraph that there were “net institutional inflows into digital asset funds in January 2023, particularly in the last two…
Crypto adoption in 2021: Top trends and predictions on what may come
Propelled by Bitcoin’s record-breaking rally, the crypto industry is seeing off 2020 with flying colors. Amid all the tumult of this unprecedented moment in history, the digital asset space seems to have proven its resilience, making a solid case for becoming a safe haven in an increasingly uncertain world. Among other advancements, the outgoing year saw…
Crypto critics: Why do they bother? Can FUD be useful?
“Anyone who says that David Gerard personally stopped their crypto getting into Wikipedia is a fuckwit,” says editor, Wikimedia spokesman and professional crypto hater David Gerard in his typically no-nonsense fashion.“There are a lot of fuckwits.”When Gerard is not passionately arguing against cryptocurrencies in Wikipedia editor discussions, the author of the 2017 self-published hit Attack…