Day: June 25, 2019

North America’s Largest Solar Bitcoin Mining Farm Coming to California

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California-based mining company Plouton Mining will build North America’s largest solar-powered bitcoin mining farm, the company confirmed in a press release on June 25. Plouton, which is a subsidiary of Plouton Group Holding, says the site in Western Mojave will feature around 49 acres of solar panels generating 10-13 megawatts of electricity daily.  The location was chosen due to its high annual quota of sunlight, which averages 70%, with the company planning to enter agreements with local utilities providers to secure low-cost power for the remaining time.  “The preeminent combination…

All That Glitters is Gold and Bitcoin – Are Central Banks Buying Both?

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Gold is at a six-year high ($1,431), bitcoin at a 15-month high ($11,385). The backdrop to the rise of both is the rising geopolitical tensions and the cheap money policies of central banks that mean you actually pay to lend money to governments these days. Bitcoin: a 21st century safe haven asset There are other factors though that don’t figure in the value proposition for both perceived safe haven assets. On the bitcoin side of the ledger there is the Facebook effect, among other things, as the realisation builds that…

BTC, ETH, DAI Cross-Chain Atomic Swaps Launched By Liquality on Mainnet

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Peer-to-peer cryptocurrency solutions project Liquality has launched its interface for cross-chain atomic swaps between bitcoin (BTC), ether (ETH) and stablecoin dai (DAi) on the mainnet. The news was revealed in an official company blog post on June 24. Atomic swaps are a solution that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange infrastructure.  Liquality is contributor-led, open-source project that focuses on developing trust-minimized and peer-to-peer crypto exchange solutions. Its launch of the Liquality Atomic Swap Interface alpha will now…

Bitcoin Buying Pressure Hits 2-Month High as Price Tops $11.4K

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View Bitcoin jumped to fresh 15-month highs near $11,430 on Bitstamp earlier today, invalidating a bearish divergence on the 4-hour chart. With a key indicator reporting the strongest buying pressure in over two months, prices appear on track to test resistances lined up at $11,688 (March 2018 high) and $11,780 (February 2018 high). Repeated failure to hold on to gains at the crucial Fibonacci retracement level of $11,394 could yield a price pullback to the 100-hour price average, currently at $10,667. The bullish outlook would be invalidated only if prices drop…

Blog: Supporting people accessing their data from the police

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25 June 2019 By Suzanne Gordon, Director of Data Protection Complaints and Compliance Anyone in the UK has the legal right to find out what information is held about them by organisations and ask for a copy free of charge within one calendar month. This is known as a subject access request (SAR). Accessing personal data in this way has always been a cornerstone of data protection, strengthened last year by the General Data Protection Regulation (GDPR) and the Data Protection Act 2018 (DPA2018). As people become more aware of…

Bitcoin Price Already Up 200% in 2019 Before Libra

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Bitcoin (BTC) was already trading above $9,000 when Facebook formally unveiled its Libra cryptocurrency protocol. Despite many commentators arguing the current bitcoin price spike is due to the social media giant, a glance at data puts bitcoin’s momentum far ahead of Libra.  As Cointelegraph reported, Facebook revealed a website for its cryptocurrency scheme on June 18, when BTC/USD was hovering around $9,200.  After the website went live, the largest cryptocurrency actually dropped in price for several days before regaining ground to surge to current highs above $11,300.  The bitcoin bull…

‘Hope it Makes Me Rich’ — Ex-Trump Advisor Joins Crypto ‘Central Bank’

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Stephen Moore — the economist who advised Trump on his tax cut policy and made an aborted Trump-backed bid to join the United States Federal Reserve board — has joined a cryptocurrency project that aspires to function as a new type of central bank. The development was reported by U.S. business news site Fox Business Network on June 24. Moore is a conservative economics commentator, policy researcher and former Trump campaign advisor who was briefly nominated by the president earlier this year to take up an influential board role at…

Bitcoin Doubters ‘Having a Hard Time’ Continuing Doubting, Says Nexo Exec

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Co-founder and managing partner of cryptocurrency lending startup Nexo Antoni Trenchev said that bitcoin (BTC) naysayers are having a hard time in an interview with CNBC published on June 25. During the interview, Trenchev pointed out that bitcoin has been defined dead over 300 times (90 only last year) and “has risen from the ashes yet again. Thus, he concluded: “I think, you know, the doubters are having a really hard time continuing their cause.” Before, Trenchev also explained that he believes that the reasons behind bitcoin’s rise are increasing…

Bitcoin Price Hits New All-Time High in 2019 Jumping Above $11,350

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Bitcoin price just crossed the $11,350 mark and dives into a new all-time-high in 2019. That way, Bitcoin still is the best performing asset in 2019 with +170% increase this year and +250% since it bottomed out. Bitcoin managed to increase in price over the weekend, when just recently it crossed the $10,000 mark. It quickly rose to the levels of $11,000 but not long after, BTC experienced a little draw-back to the $10,000 milestone levels. Now we’re seeing that Bitcoin has yet again reached new price records in 2019,…

Bitcoin Can Go To $60,000 From Here, Says Analyst That Predicted $10k

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Last month, Naeem Aslam made a surprising Bitcoin (BTC) projection. Per previous reports from this outlet, he claimed that the leading cryptocurrency was poised to blast past $10,000, despite the fact that it was then struggling in the $8,000 region. He wrote: “If you are not ready then get ready, because the Bitcoin price is about the blast past the level of $10K, recovering half of its losses from its all-time high, a real embarrassing moment for those who said that the currency will never recover from its losses.” After…