Day: February 8, 2022

GOODBYE ASIC MINERS…

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Crypto exchange FTX.US to give away Bitcoin as part of Super Bowl ad

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Cryptocurrency exchange FTX.US will be giving away free Bitcoin as part of its upcoming advertising campaign at the Feb. 13 Super Bowl LVI. However, the amount of Bitcoin given away has yet to be determined because it will depend on what time the ad runs on the East Coast. For example, if the ad runs at 8:50 PM, the Bahamian-based exchange will give away 8.50 BTC ($374,000 at current prices). But if the ad is aired later in the game โ€” at 11 PM for example โ€” the giveaway will…

Saudi Digital Academy Partners With BSV Association to Establish New Blockchain Academy

The Saudi Arabian Digital Academy has partnered with the Bitcoin Satoshi Vision (BSV) Association to establish a new blockchain academy in the country.ย  Billed as the first Blockchain Academy in the entirety of the Middle East, the announcement disclosed more details with the plans from the academy by providing blockchain learning and development resources for a variety of audiences – including developers, students, start-up entrepreneurs, business executives, and government agencies representatives.ย ย  The Saudi Digital Academy is a government-sponsored initiative that has a strong focus on human capital development related to…

Bitcoin is Surging, Why Bulls Could Aim More Upsides

Bitcoin gained pace above the $42,000 resistance zone against the US Dollar. BTC is now surging and might even surpass the $45,000 resistance zone in the near term. Bitcoin started a strong increase above the $42,000 resistance zone. The price is trading well above $42,000 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $43,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $44,500 resistance zone in…

New York Crypto Mining Plant Permit Delayed

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The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow crypto mining firm Greenidge Generation to continue to use its power plant in the town of Dresden for bitcoin mining, according to a recent report from Bloomberg. The decision by the stateโ€™s Department of Environmental Conservation will now come by the end of March. Related Reading | Why Bitcoin Could Hit $90K By The End Of 2022, According To This Prediction New York & The Environmental Debate The decision is now expected to…

China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities โ€“ Regulation Bitcoin News

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A U.S. senator has warned about Chinaโ€™s central bank digital currency. โ€œAnalysts have raised the eCNYโ€™s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance Chinaโ€™s surveillance capabilities, and provide Beijing with โ€˜first moverโ€™ advantages,โ€ the senator informed Treasury Secretary Janet Yellen. U.S. Senator Warns About the Threat From Chinaโ€™s Central Bank Digital Currency U.S. Senator Pat Toomey sent a letter to Treasury Secretary Janet Yellen and Secretary of State Tony Blinken last week raising concerns about Chinaโ€™s central bank digital currency, the digital yuan. โ€œI write to request…

Latest DeFi bridge exploit results in $4.4M losses for Meter

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The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans. Meter.ioโ€™s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge. Moonriver is a smart contract platform based on Polkadotโ€™s Kusama network. Hundred Finance is a crypto lending platform based on the code for Compound Finance. Starting at 2pm UTC on Feb. 5 and over the…

A quarter of people will spend time in the Metaverse by 2026: Research

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By 2026, 25% of people will spend at least one hour a day in the Metaverse for work, shopping, education, social, and entertainment purposes, according to new research. The Feb. 7 report by technology research and consulting company Gartner found that in anticipation of this migration to the Metaverse, brands are already building the infrastructure to allow their users to replicate their lives digitally. According to Gartner Vice President Marty Resnick, brands will need to collaborate in order to unify the Metaverse as their users continue to demand virtual, interactive,…

EMERGENCY BITCOIN ANALYSIS!๐Ÿ”ฅ BREAKING CRYPTO NEWS! ETHEREUM BOUNCE!!! EIP-1559 MATIC UPGRADE!!

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Valkyrie Bitcoin Mining ETF “WGMI” Approved For Nasdaq Listing

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Crypto asset management firm Valkyrie will have a new exchange-traded fund (ETF) listed on the Nasdaq this week. The stock exchange will be listing Valkyrieโ€™s new โ€˜Bitcoin Mining ETF,โ€™ an investment vehicle that will supply assets that provide exposure to company securities โ€œderiving at least 50% of their revenue or profitsโ€ from Bitcoin or crypto mining, or hardware and software related to crypto mining. Valkyrieโ€ฆ Going To Make It? Spot Bitcoin and crypto ETFs are yet to hit the market in the U.S., hampered by the SECโ€™s timid approach on…