Day: January 10, 2022

Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country – Mining Bitcoin News

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The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners. President Tokayev Has Nation Under Control After days of turmoil, the embattled administration of Kazakhstan’s President Kassym-Jomart Tokayev says it now has the country stabilized. Law enforcement agencies have retaken all administrative buildings that were attacked by protesters…

Bitcoin batters longs as liquidations copy May 2021 run to $30,000

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Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much. In a tweet on Jan. 10, on-chain analytics firm Glassnode revealed that those longing BTC had suffered a rerun of last May, when BTC/USD began to fall toward $30,000. Long traders fail to “catch the knife” According to Glassnode’s Longs Liquidations Dominance metric, the “majority” of liquidations over the new year involved longs. This is unsurprising, given Bitcoin’s overall trajectory since late November, but the extent of losses puts the past…

Cardano Reaches Goal of Planting 1M Trees

Transactional data shows large amounts of cardano were bestowed towards the effort. One wallet exchanged 100,000 cardano for 100,000 tree tokens – worth over $118,000 at the time of writing – to become the biggest donor for the cause. Other large donors exchanged amounts ranging from 5000 cardano (≈$5,900 at press time) to 87500 cardano (≈$103,900 at press time). Source

Bitrue Launches New Yield Farming, How You Can Take Your Crypto Profits And Maximize Them

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Top crypto exchange Bitrue recently announced a new feature that will provide crypto investors with more opportunities to benefit from the growing industry. Bitrue’s new Yield Farming Hub will enable users to take their cryptocurrencies to generate more by using a similar mechanism to that of popular DeFi platforms. The crypto exchange will roll out its new feature with 20 pools that will let investors generate an astonishing 150% APR. These rewards will vary from pool to pool with some even generating more profits and letting users select their preferred…

Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum – Mining Bitcoin News

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According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in crypto assets with his hacked-out electric car. Similarly, Chris Allessi, the owner of a Tesla Model S tethered a Bitmain Antminer S9 to his car’s electrical system to mine bitcoin, and he’s mined monero with the car’s internal computer as well. Tesla Owners Mining Bitcoin, Ethereum, and Monero This week, two Tesla owners explained how they rigged their cars to mine digital currencies. According to Siraj Raval, he connected graphics processing units…

Central bank of Bahrain trials JPMorgan blockchain and token

Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency. The Central Bank of Bahrain (CBB) has successfully completed a digital payment test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx, according to an official announcement published on Jan. 6. The trial involved two other major institutions, Manama-based international bank, Bank ABC, and Bahrain’s national aluminum smelter Aluminium Bahrain, also known as Alba. The test enabled Bank ABC to settle real-time payments to Alba’s counterparts…

UAE regulators pave way for crypto and blockchain adoption, says legal expert

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While many countries are inclined to simply ban the use of Bitcoin (BTC) and virtual assets, regulators in the United Arab Emirates are taking a different approach.  The country has been consistently enacting its vision of becoming a blockchain capital by providing frameworks to guide crypto businesses on how to operate in accordance with the laws. Jurisdictions in the country are divided between the mainland, where the regulator is the Securities and Commodities Authority (SCA), and free zones i.e. geographically-specified areas within the UAE with relaxed taxation and regulatory regimes. …

Ethereum Could Avoid a Major Downtrend if it Closes Above One Key Level

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Ethereum declined heavily below the $3,250 support against the US Dollar. ETH price tested $3,000 before it attempted an upside correction. Ethereum started another decline and traded below the $3,150 support zone. The price is trading below $3,250 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a major recovery wave if there is a clear move above $3,300. Ethereum Price Remains At Risk…

German neobank N26 to launch crypto trading later this year

German neobank N26, one of the biggest European fintechs with over $9 billion in valuation, is finally ready to tackle crypto and equities trading after striving for a global expansion. Despite being an early player in the financial technology boom across Europe, the Berlin-based online bank N26’s global ambitions induced a setback in its diversification of services, N26 co-founder and co-CEO Max Tayenthal said in an FT interview. After exiting two critical fintech markets, the United States and the United Kingdom, N26 plans to “sharpen its focus on its European…

Binance CEO CZ richest crypto billionaire at $96B: Bloomberg

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Changpeng Zhao, the CEO of Binance, tops the list of richest crypto billionaires with an estimated net worth of $96 billion. According to Bloomberg CZ ranks 11th among the world’s richest people as Binance retains its position as the biggest crypto exchange in terms of trading volume. CZ, the 44-year-old crypto entrepreneur, overtook Asia’s richest billionaire Mukesh Ambani despite Bloomberg excluding his personal crypto holdings such as Bitcoin (BTC) and the exchange’s in-house Binance Coin (BNB) tokens. The industry is growing. — CZ Binance (@cz_binance) October 26, 2021 According to…