Day: June 3, 2020

Argo’s Mining Revenue Dips After Bitcoin’s Halving

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London-listed Argo reported a dip in May revenue, possibly as a result of the bitcoin halving event. Per the mining firm’s monthly operational update, monthly mining margins – revenue minus operating costs – was roughly 34% in May, down from 39% in April. Overall, the company mined 252 bitcoin (~$2.4 million at press time), down from 319 bitcoin (~$3 million) the month before. This slight dip in revenue comes straight after the bitcoin halving – which took block rewards down from 12.5 to 6.25 BTC last month. Argo says it was…

Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar

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Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking for public opinion. Despite the strict proposal drafted by the Russian bureaucracy, trade volumes on certain exchanges have seen significant demand from the country’s citizens. Russia’s Cryptocurrency Laws Remain in the Gray Zone Just recently Russia’s State Duma released a draft of proposed…

Market Wrap: A Bitcoin Lull as Stocks Signal Economic Optimism

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Bitcoin (BTC) was trading around $9,575 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours.  After Tuesday’s rapid 8% drop in less than five minutes on high sell volume, bitcoin’s prices have steadied. At 00:00 UTC on Wednesday, the world’s largest cryptocurrency by market capitalization was  changing hands around $9,528 on spot exchanges like Coinbase. Ten hours later, it staged a small run-up to $9,650 yet low trading volumes dashed any hopes of a substantial rally. Bitcoin is below its 50-day moving…

Well, Epic Games Just Dropped More Proof the PS5 Will Outclass the Series X

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Epic Games’ Unreal Engine 5 tech demo offered the first look at the potential of the next generation of consoles. The company just revealed it rejigged elements of Unreal Engine 5 on the basis of the PS5’s ultra-fast SSD. The engine has the potential to allow developers to craft experiences unique to the PS5. There’s no doubt last month’s Epic Unreal Engine 5 demo – which ran on a PlayStation 5 (PS5) – delivered the next-gen vision. But it left lingering questions about what this means for competitor Microsoft and…

🔴 BITCOIN & Stocks LIVE : BTC Reversal?! GOLD BREAKOUT! 🔴 Ep. 986 Crypto Technical Analysis

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin (BTC), Gold, Oil, Stocks. Cryptocurrency and Stock Market Technical Analysis and News. #bitcoin #stocks #trading 🚀 Send a Tip to the Streamer 🚀 (NOTE: MAKE SURE TO ENTER YOUR USERNAME or you will show up as an “Anonymous” donor.) Support the stream with fiat: Support the stream with cryptocurrency: Join Our Official Discord at: ​ Want to send me a gift? 5184 Caldwell Mill Road. Suite #204-283. Birmingham, AL 35244. Patreon Twitch Twitter Instagram Facebook Stream Elements Emoji Balls ——————————————————————————————————————————————————————- Disclaimer…

Nonprofit Energy Consortium Trials Blockchain Management for Wastewater Tracking

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The Offshore Operators Committee, a nonprofit organization focused on offshore energy, has found a blockchain management system reduces costs and time for transporting wastewater. The (OOC)’s Oil and Gas Blockchain Consortium has completed its first pilot of a produced water haulage management system using blockchain technology. The pilot, the first industry-wide use of a blockchain-native network for produced water haulage, essentially tried to streamline the process of transporting wastewater byproducts collected during the extraction of oil and natural gas, referred to as produced water. The pilot automatically measured volume and…

CME Data Shows Institutional Investors Undeterred by Bitcoin Price Drop

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CME Bitcoin (BTC) futures and options markets expired on May 29, and despite a $100 hiccup, the price of the largest digital asset on CoinMarketCap held up nicely around the $9,400 level. As the market entered this last trading session, open interest for CME Bitcoin futures expiring in May was rather small at $30 million. This does not mean institutional traders abandoned Bitcoin markets, as open interest for upcoming months remains at a healthy $400 million level. Another essential gauge of institutional investors’ appetite, CME Bitcoin options markets, traded $120…

The Dow Is Suddenly on Autopilot, and Boeing Stock Is in the Cockpit

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The Dow Jones recorded another banner day, rallying close to 500 points on Wednesday. China, Europe, and the United States are all showing evidence of a V-shaped recovery. Dow giant Boeing was a significant boost to the U.S. stock market with an incredible 12% rally. Wednesday brought a third straight day of gains for the Dow Jones Industrial Average, which rose around 500 points to post its best June session yet. Chinese economic data is showing strong signs of a rebound, and this has bulls hoping for a similar story…

US Firm Announces Installation of 700 Mining ASICs With More on the Way

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United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin (BTC) mining application-specific integrated circuit, or ASIC, units. According to a June 3 announcement, Marathon Patent Group installed 700 Whatsminer M30S+ ASICs produced by MicroBT. The company is also reportedly waiting for a delivery of 1,160 AntminerS19 Pro units produced by leading mining ASIC producer, BitMain. In late March, Bitmain announced that it sold the first batch of Antminer S19s and S19 Pros within 24 hours after starting to accept orders. On June 1, the firm…