Day: April 13, 2021

Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer

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Mike Colyer, CEO of Foundry Digital, a crypto mining subsidiary of Digital Currency Group, says that mining Bitcoin could eventually help the world transition to green energy.  Speaking at the Crypto Mining Forum online event today, Colyer said he believes that as major energy companies see the economic benefits of mining cryptocurrencies like Bitcoin (BTC), it may lead to a restructuring of both capital and operations. Calling Bitcoin mining “a great stabilizer” for the power grid, the Foundry Digital CEO said the technology could become a “bridge between the current…

Bitcoin, Ethereum hit All-time Highs Ahead of Coinbase (COIN) Listing

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Coinbase (COIN) is scheduled to be listed on Nasdaq tomorrow, April 14th Bitcoin and Ethereum have hit all-time high values $63,657  and $2,294 on the eve of the Coinbase listing BTC and ETH could keep climbing based on the significance of a crypto exchange going public The value of COIN will be a measure of how traditional investors view the crypto industry The top two digital assets of Bitcoin (BTC) and Ethereum (ETH) have simultaneously hit all-time high values today, April 13th, of $63,657 and $2,272 respectively (Binance rate). The…

US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency – Regulation Bitcoin News

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The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand the implications of China’s central bank digital currency. Digital Yuan Could Be a Threat to US Dollar The U.S. government is reportedly increasing scrutiny of China’s digital yuan. Some government officials are concerned that the Chinese central bank digital currency “could kick off a long-term bid to topple the dollar as…

Fed Chair Says Still “Working on” Digital Dollar as China Pulls Ahead

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Fed Chair Jerome Powell said the U.S. central bank is currently running technical experiments on how a digital dollar would work. “There are many subtle and difficult policy choices and design choices that you have to make. We’re doing all that work.” He reiterated the process also requires consultation with the public and Congress before any decision is made. This casts doubt on whether a digital dollar would ever see the light of day. Powell’s words have triggered unease among those who fear losing the “technological cold war” to China.…

ShapeShift launches native Bitcoin trading via THORChain

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ShapeShift, a cryptocurrency exchange based in Switzerland, has announced full integration with THORChain, enabling direct trading of native Bitcoin (BTC) with Ethereum (ETH) and Litecoin (LTC). As of Tuesday, ShapeShift’s mobile users have the ability to make cross-chain swaps without the use of an intermediary, custodian or counterparty of any kind. This capability will be extended to ShapeShift’s web-based platform in the coming weeks. Erik Voorhees, ShapeShift’s founder and CEO, explained the importance of the THORChain integration: “We believe finance must be open and immutable. The THORChain team has built…

ETHEREUM BREAKING ATH?! Hxro Labs LIVE – Ep. 84 – Cryptocurrency News & Analysis!!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency trading for beginners and OG’s alike. We dive into technical analysis and fundamental analysis, covering the latest Bitcoin and Cryptocurrency news and trends. Discussing all the hot topics like DeFi, Uniswap, Yield Farming, NFT’s etc. Stick around for our chart request session and we will chart your favourite cryptocurrencies! Join us on “Hxro Labs LIVE” on Monday/Wednesday/Friday at 2:00PM EST ——————————————— Connect with the Hxro Labs Trading Desk Twitter: Twitter Chart Bot: Tradingview: Telegram: ——————————————— Disclaimer: This commentary is provided as…

Nvidia triples revenue forecast for crypto mining GPU sales

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Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022. The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above the $5.30 billion forecast included in its previous end-of-year earnings call. This positive market performance has also extended to Nvidia’s graphics processing unit, or GPU, sector with the company raising its Q1 revenue estimate for its cryptocurrency mining processor, or CMP, product three-fold to $150 million.…

Judge Denies SEC Probe into Ripple Executive’s Personal Financial Record

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XRP, the digital currency that is central to the SEC onslaught, has caught on a new fire fueled by the latest victory Ripple inked. Judge Sarah Netburn, a United States Magistrate Judge has handed blockchain payments firm Ripple Labs yet another victory over the US Securities and Exchange Commission (SEC). As reported by Coindesk, Judge Netburn has denied the market regulator’s request to look into the personal financial records of the company’s two executives indicted in its ongoing court duel with the firm. The verdict is the second victory Ripple…

JPMorgan, Mastercard lead $65M ConsenSys raise

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ConsenSys, a prominent blockchain software company, has raised $65 million in strategic investments from major financial institutions including JPMorgan Chase, Mastercard and UBS, offering yet another sign that traditional finance is entering the crypto space. The investment round will aid ConsenSys in expanding its enterprise blockchain infrastructure solutions to enable more DeFi and Web3 applications on Ethereum (ETH), the company announced Tuesday. After a year of significant growth, ConsenSys is now focusing on accelerating mainstream adoption of Web3, which is considered to be the next phase of the internet’s evolution.…