Day: February 10, 2022

Newbie Shiba Inu bites back, gains 25% vs. Dogecoin in February

Shiba Inu (SHIB) is now the 13th-largest cryptocurrency with its market valuation sitting near $18 billion, right behind its rival meme-cryptocurrency Dogecoin (DOGE), worth roughly $20 billion. But despite falling behind in ranks, SHIB’s price has outperformed DOGE in 2022. February has seen a sharp recovery for the SHIB/DOGE pair, in particular, rising by over 38% month-to-date (MTD). As a result, Shiba Inu gained more than 50% MTD against the dollar versus Dogecoin’s 11%, as shown in the chart below. SHIB/USDT vs. DOGE/USDT daily price performance. Source: TradingView Most of the…

Merkle Standard Chosen as Launch Customer, Orders 4,449 of Newest BITMAIN 188 TH/S S19 + “Hydro” Mining Rigs – Press release Bitcoin News

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press release PRESS RELEASE. (Irvine, February 9, 2022) – Sustainable Bitcoin mining company Merkle Standard has executed a purchase order for the high-performance, liquid-cooled mining rigs from Bitmain Technologies Ltd. The leading ASIC hardware provider will supply 4,449 of new S19 Pro + Hydro machines to Merkle Standard in May 2022 and is expected to be one of the first deployments of BITMAIN’s hydro cooling technology within the US. This purchase agreement will add approximately ~840 PH/s to Merkle Standard’s nameplate hashrate. The mining rigs are equipped with BITMAIN’s latest…

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Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K ‘fair value’

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Cryptocurrency exchanges now have more stablecoins on their books than ever before in a fresh sign investors are waiting to buy Bitcoin (BTC) and altcoins. Data from on-chain analytics platform CryptoQuant shows that this week, exchanges’ total stablecoin reserves passed 27 billion for the first time. Exchange users herd stablecoins to accounts After reaching a previous peak in late December, stablecoin reserves tumbled at the start of 2022 as BTC/USD and altcoin markets fell in tandem to multi-month lows. In recent weeks, however, the trend has reversed, with exchange users…

Ukrainian Volunteer Groups Accept Bitcoin Donations Amid Tensions With Russia, Study Finds – Bitcoin News

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Non-government and volunteer organizations collecting funds to support Ukrainian forces have been accepting donations in cryptocurrency, a new report has unveiled. The findings have been published amid heightened tensions with Russia, which has been accused of amassing troops at the border with Ukraine. Ukrainian Organizations Crowdfund Defense Effort With Crypto Ukrainian NGOs and volunteer groups have raised several hundred thousand dollars in cryptocurrency, a study by blockchain analytics firm Elliptic has revealed. Donations made in digital assets have increased by 900% last year, the company’s researchers found. Most of these…

Meet the top 5 busiest crypto funders of 2021, according to PwC

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Merger and acquisition deals in the cryptocurrency industry, simply known as M&As, have massively increased in 2021, with associated value jumping nearly 5,000%, according to PwC, one the largest accounting firms in the United States. The total volume of crypto mergers and acquisitions soared 4,846% last year, with the average deal size reaching about $180 million from $53 million in 2020, PwC said in a new study, Bloomberg reported on Wednesday. PwC detailed that crypto fundraising deal volumes surged 645% in 2021, with top-five investors by deal count including blockchain…

Is the Future of Real Estate in the Metaverse?

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Although the metaverse is not a new concept, it has recently gained much more attention. Many are now becoming familiar with the idea, and are looking into what its future offers and how they can be a part of it. The metaverse will completely transform the current way of life for the average individual, affecting work, trade, entertainment, leisure, exercise, social interactions, and everything in between. Apart from the retail players, big tech companies are also getting into the space. Facebook, the world’s most popular social media platform as of…

Fitch lowers El Salvador’s rating due to Bitcoin adoption

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El Salvador faces another whipping from a traditional finance firm for its “forbidden” love for Bitcoin (BTC). American credit rating agency Fitch Ratings has lowered El Salvador’s long-term Issuer Default Rating from B- to CCC, mentioning “policy unpredictability” and the “adoption of Bitcoin as legal tender” as some of the factors that led to the downgrade.  Apart from these, the statistical rating organization explained that reliance on short-term debt, an $800-million Eurobond payment due in January 2023, and a high fiscal deficit get in the way of a better rating for…