Tether – one of the largest and most popular stable currencies around – has announced plans to open a huge bitcoin mining facility in the South American region of Uruguay. The clincher? The company is going to operate the facility only using renewable energy. Tether to Mine Bitcoin in South...
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Binance Australia was Selling Very Cheap BTC Last May
The Australian division of Binance, the world’s largest and most popular digital currency exchange, caused analysts and observers to raise eyebrows in the latter half of May when the firm began selling bitcoin at a huge discount. Binance Australia was Practically Giving Away BTC During that time, bitcoin was trading...
Bitcoin Cash Analysis: Bulls Aim For Fresh Rally To $350
Bitcoin cash is eyeing a fresh increase above the $300 resistance against the US Dollar. The price is now trading near the $275 zone and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $285 on the 4-hour chart of the...
Texas Crypto Bill Seeks to Establish Safety for All Traders
The state of Texas is looking to be one of the first in the American union to regulate cryptocurrency. Texas Looks to Create New Crypto Regulation Not long ago, House Bill 1666 made its way onto the desk of Greg Abbott, the state’s governor. The bill is a nod to...
The Treasury is Set to Make Things Rough for Bitcoin
As both sides of the political spectrum have waged war on America’s debt ceiling and worked hard to formulate a deal, there’s growing concern that the Treasury is going to issue more than $1 trillion in new bills. Many analysts are worried about this as they say such a move...
Sam Bankman-Fried Likely to Face All Charges, Prosecutors Say
Not long ago, Sam Bankman-Fried – the former crypto billionaire behind the now fallen digital exchange FTX – said he was requesting that as many as ten separate criminal charges he’s facing be thrown out. However, prosecutors describe this motion as “meritless,” and say they’re not only going to pursue...
EOS Price Analysis: Key Uptrend Support Intact at $0.70
EOS price started a downside correction below the $0.765 zone against the US Dollar. The price is now trading below $0.745 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.714 on the 4-hour chart of the EOS/USD pair (data...
Litecoin (LTC) Price Analysis: Key Breakout Resistance at $98
Litecoin is consolidating losses near the $96 level against the US Dollar. LTC price is now trading below $98 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $97.00 on the 4-hour chart of the LTC/USD pair (data feed from...
DWP Executive John Chen Suspended After Engaging in Crypto Mining
John Chen, an executive working with the Los Angeles Department of Water and Power (DWP), has been placed on administrative leave after he took part in crypto mining companies that allegedly go against the values and ethics of his agency. John Chen in Hot Water Chen reportedly earns more than...
Tools for Humanity Garners More than $100 Million to Build Digital “World Coin”
Tools for Humanity – a company that has introduced a new digital token known as World Coin – has recently garnered as much as $115 million in a new series C funding round led by Blockchain Capital. The company has announced that the funds will go towards growing the breadth...