Month: April 2022

Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets – Mining Bitcoin News

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On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second in February to 3.95 EH/s by the end of March. Northern Data Adds Thousands of New ASICs to the Mining Fleet, Hashrate Doubles According to an audit report published by KPMG, the bitcoin miner Northern Data has seen growth during the last few months. Northern…

Ethereum Turns Bullish In The Long Term

Ethereum continues on its upward journey although not without its fair share of bumps along the way. Nevertheless, the digital asset still remains one of the most promising in the crypto space and has demonstrated that with its recent recovery. But even after successfully landing above $3,000, the cryptocurrency still remains a long way from its all-time high of almost $5,000. However, the long-term indicators paint a favorable picture for Ethereum. Beating Moving Averages For the longest time following the December crash, the price of Ethereum had traded below important…

UK Aims to Become Global Crypto Hub, Exchequer Says

The government will form a industry group called the “Crypto Asset Engagement Group” to help guide the next steps in regulation. The chairman of that group be at the ministerial level, and the group will include senior representatives from the FCA, Bank of England and businesses, Glen said. It will meet up to eight times a year. Source

Bitcoin Adoption Surges! So, why isn’t Crypto Going Up?

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‘Unhosted’ wallets are just ‘wallets,’ March 28–April 4

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The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data disclosure requirements for digital asset service providers — was rushed to a vote mere days after a near miss on banning proof-of-work-based cryptocurrencies.  Unlike the relatively happy resolution of the Markets in Crypto Assets framework situation, the EU’s new Anti-Money Laundering rules retained all the crypto-hostile language as they are going into the next round of…

UK government moves forward with regulatory framework on stablecoins for payments

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The United Kingdom’s Economic and Finance Ministry has said it intends to amend its existing regulatory framework to incorporate stablecoins used as a means of payment. In a Monday announcement, HM Treasury said certain stablecoins could potentially become “a widespread means of payment” for retail customers in the United Kingdom following a consultation with various organizations, universities and individuals that was begun in January 2021. The U.K. government body said it intended to “take the necessary legislative steps” to bring stablecoins into its regulatory framework, “primarily by amending existing electronic…

Electric Capital Leads $4.5M Investment in Near Exchange Trisolaris

Trisolaris, a decentralized exchange on the Near protocol, has announced a strategic investment led by Electric Capital with participation from Jump Crypto, Dragonfly Capital, Leminscap and Ethereal Ventures, among others. The investment in the Trisolaris decentralized autonomous organization (DAO) totaled $4.5 million, the company told CoinDesk in an email. Source

Staking Solution Chorus One Launches Up to $30M Proof-of-Stake Investment Fund

Chorus One has previously deployed “millions” of dollars to 26 projects before formally setting up a venture investment arm, according to Meegan. The company has prioritized investments in networks where the company runs nodes, the mechanisms that make staking possible. The staking provides deep technical knowledge, rewards, tokens and revenue, and the additional investment can result in even more tokens, Meegan said. Source

BITCOIN IS POTENTIALLY PLAYING THIS BIG MOVE!! +AVAX Analysis and ETH, BNB Update || Crypto Tagalog

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