Day: February 29, 2020

Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin

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Alex Liegl, CEO of Layer1 Technologies, a US-based Bitcoin (BTC) mining company that recently announced its intention to repatriate 30% of Bitcoin’s hash power by 2022, has described Texas as offering miners the “cheapest power in the world, at scale.” Less than two weeks ago, Layer1 commenced mining operations at its facility in western Texas, bringing multiple 2.5-megawatt container rigs online. Texas is the largest producer of wind power in the United States, outproducing the second, third, and fourth-largest producers combined. If Texas were an independent nation, it would be…

Chainlink (LINK) Up 40% despite Ongoing Crypto Meltdown; More Gains Coming?

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Chainlink’s native token LINK was among the biggest gainers as a majority of assets in the crypto market plunged deeply earlier this week. The eleventh-largest cryptocurrency beat the bearish odds to grow by more than 40 percent since February 26. It established a week-to-day high at $4.38 in early Saturday trading, hinting its inclination to behave as a hedge against Bitcoin, the top asset that plunged by circa 16 percent this week. #Chainlink is receiving tremendous exposure during this $BTC, $ETH retrace. It’s performing with the lights on. There will…

Gaming’s Good Guys CD Projekt Truly Deserve All Their Successes

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CD Projekt, the company behind Cyberpunk 2077, has been named the 2nd biggest European games company. They’ve done a great amount for older game preservation, as well as player-friendly company policies. No company currently in gaming deserves success as much as they do. If there’s a game company out there that deserves success, it’s CD Projekt. They run a great, DRM-free, game store. They make some really classic games, and they recently updated their refund policy to make it even better for consumers. In general, they tend to be one…

Gaming’s Good Guys CD Projekt Truly Deserve All Their Successes

boss

CD Projekt, the company behind Cyberpunk 2077, has been named the 2nd biggest European games company. They’ve done a great amount for older game preservation, as well as player-friendly company policies. No company currently in gaming deserves success as much as they do. If there’s a game company out there that deserves success, it’s CD Projekt. They run a great, DRM-free, game store. They make some really classic games, and they recently updated their refund policy to make it even better for consumers. In general, they tend to be one…

‘Digileaker’ Claims to Have Stolen KYC Documents for 8,000 Digitex Users

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An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers.  The Seychelles-based exchange issued Cointelegraph a statement indicating that it is not currently able to comment on the incident and is seeking legal counsel:  “Digitex Futures is aware of a leak of confidential data. We are not able to comment fully on the incident at this time and are currently seeking legal counsel. However, we…

Is a PS5 Reveal Event Happening Next Week?

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Teasers from Godfall developer Counterplay Games and Death Stranding developer Kojima Productions suggest that a PS5 reveal event could be happening next week. Counterplay said that fans should expect more Godfall news “really, really soon.” A Twitter post has also hinted that Kojima Productions will be making an announcement next week. PlayStation fans had a lot to be excited about today as two major developers teased big announcements. At PAX East, Counterplay Games said that it would reveal more about PS5 launch title Godfall “really, really soon.” Godfall was announced…

‘You OK Boomer?’ Gold Sees Biggest Loss Since 2013 as Bitcoin Steadies

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Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years. According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013. Gold drops 7% in 5 days after coronavirus sell-off Over the past five days, gold broadly succumbed to the sell-offs affecting traditional markets due to the ongoing coronavirus outbreak. Between Feb. 24 and Feb. 29, XAU/USD lost a total of 7.3% before a slight rebound. The…

Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross

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Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who sees it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover. The bitcoin-to-dollar exchange rate slipped below both the 50- and 200-DMA earlier this week, going against the perceived upside sentiment that was led by the Golden Cross formation. The pair on Friday established a weekly low at $8,428.80. At its week-to-date high, it was trading at $10,030 on…

Bitcoin Price Shrugs Despite Worst Markets Correction Since 2008

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Since the start of the week Bitcoin (BTC) price has dropped more than $38 billion as traditional markets also fell by more than 10%. As reported throughout mainstream media, this week’s collapse of the largest equities markets is the worst correction since the 2008 meltdown and more than $3.8 trillion in value was erased as daily news of the Coronavirus spreading throughout the world dominated headlines. Investors are now wondering if the rally which propelled Bitcoin price from $6,400 to $10,500 is over and as the end of the month…

Defining Bitcoin: Money, Currency or Store of Value

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As the Bitcoin halving draws ever nearer, the demand for the digital asset keeps soaring, having seen an increase of around 15% against the United States dollar in the past month. The Bitcoin halving is predicted to take place during May 2020 and will see Bitcoin’s issuance rate decrease from 12.5 to 6.25 BTC every block or around every 10 minutes. As time goes on, Bitcoin’s scarcity and high stock to flow rate continue to make it an increasingly attractive asset for investors. As Bitcoin’s journey toward the mainstream continues…