Iran is giving $24 to anyone who dobs in illegal crypto miners
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid.
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Tether stablecoin’s reported bank partner Capital Union supports a large variety of digital assets as part of its trading and custody services. 298 Total views 5 Total shares Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.The…
Bitfarms stock rises 22% after Q2 loss came out better than expectations
Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report.
Japan: E-Commerce Giant Rakuten to Move Crypto Exchange to New Payments Subsidiary
Japanese e-commerce firm Rakuten has announced a revision to its corporate restructure, setting up a new payments subsidiary that includes its cryptocurrency business, Cointelegraph Japan reported Jan. 21.Rakuten, known informally as ‘Japan’s Amazon,’ originally revealed in August last year it would seek to reorganize its various offshoots in order to improve accountability and decision-making processes.Now,…
Another dormant Ethereum wallet reawakens after 8 years, moving millions
An Ether (ETH) wallet that has been inactive since Ethereum’s ICO (Initial Coin Offering) in 2015, has suddenly awoken after eight years of dormancy, moving a total of 8,000 ETH in just two minutes.The wallet received the 8,000 ETH after participating in Ethereum’s ICO (Initial Coin Offering) in 2015 and remained inactive until May 27. On…
Ripple’s Garlinghouse forecasts further loss of U.S. dollar value
The wild ride of 2020 continues. 1429 Total views 16 Total shares After what has been a crazy year in almost every sense of the word, businesses are left wondering how to proceed, Ripple Labs CEO Brad Garlinghouse said. "The pandemic is throwing so many playbooks out the window," he posited in an Aug. 28 tweet.…
Bitcoin traders take a breather as BTC price metrics hint new highs are incoming
Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs
Bitcoin funding rates show demand to short BTC as $40K becomes resistance
The majority of traders expect fresh Bitcoin price losses after a difficult end to the week, data suggests. 428 Total views 3 Total shares Bitcoin (BTC) consolidated under $40,000 on April 23 as market expectations favored further losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Extreme fear" accompanies Bitcoin's descent to $39,200Data from Cointelegraph Markets Pro and…
Crypto industry got more funding in Q1 2021 than all of last year: report
Three companies in the crypto and blockchain industry have already raised $1.1 billion this year. 1483 Total views 17 Total shares Cryptocurrency and blockchain-related companies have already received more funding this year than in all of 2020, according to a new report.In the first quarter of 2021, 129 startups focusing on crypto and blockchain technology…