Month: April 2022

🚨 Urgent Bitcoin MASSIVE DUMP – Trade Setup | BTC Update Analysis in Hindi | Crypto Update India

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Here’s why Bitcoin bears aim to pin BTC under $39K ahead of Friday’s $1.9B options expiry

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Up until April 25, Bitcoin (BTC) bulls had been defending the $38,000 level, but bulls were caught off-guard by the recent drop. As Bitcoin plunged from $46,700 to $37,700 between April 5 and 26, most of the bullish bets for the upcoming $1.96 billion monthly options expiry became worthless. Regulatory concerns continue to pose a threat to Bitcoin and on April 26, the New York State Assembly passed a bill banning new proof-of-work (PoW) cryptocurrency carbon-based mining facilities in the state. Fortunately for Bitcoin, mining equipment is portable so there’s…

NFTs are more than just digital art, here’s why

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So, you have heard about NFTs and how these “digital avatars” are printing money for their holders. In 2021, NFTs were so popular that the term was christened Word of The Year by a famed dictionary company. There is a social buzz around NFTs and probings as to whether they offer more than just being overpriced avatars, or come with no other utility behind the art, even with proof of ownership. NFTs are more than just get-rich-quick-schemes or digital art you can right-click save on. Apart from representing art, Non-Fungible…

Riot Blockchain Announces Plans for a 1 GigaWatt Bitcoin Mining Farm in Texas

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Quick take: Riot Blockchain has announced that it plans to develop a 1 GigaWatt Bitcoin mining facility in Navarro County, Texas The facility is part of its Bitcoin mining and hosting expansion plans, aptly named ‘The Expansion’ The Expansion will start with an initial 400 MegaWatt facility on a 265-acre site and is expected to commence in July 2023 The additional 600 MegaWatt will be added in the future via the 345 kV Navarro switch The publicly traded Bitcoin mining and hosting services provider of Riot Blockchain has announced plans…

Dragonfly Capital raises $650M in tertiary funding round

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Dragonfly Capital, a prominent venture capital corporation operating in the cryptocurrency sector, has announced its third funding round, valued at $650 million. The figure surpasses its two prior rounds of $100 million in October 2018 and $200 million in December 2020. The $650 million raise saw participation from Tiger Global, KKR, Sequoia China and Invesco, among others, and arrived at slightly higher than the $500 million initially declared to the Securities and Exchange Commission in a Form D filing in January. The introduction of Dragonfly Fund III was coupled with a…

Small Cap Altcoins Take April Shower, Will May Bring New Growth?

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Bitcoin’s decline in the last week of April has been felt around the market but altcoins have taken the biggest hit of all. More specifically, Small Cap altcoins have been on the receiving end of this decline. Even as the end of the month draws to a close, these altcoins have yet to get a reprieve from this decline. However, the month of May could prove to be better for these small market cap coins given that recoveries tend to come after the worst declines. Small Cap Altcoins Take The…