Month: May 2022

Riot Blockchain Mined 508 BTCs, Increased 150% in April

Riot Blockchain, Inc, a Colorado-based Bitcoin mining company, announced Tuesday that its Bitcoin production and mining operations have surged in April. Riot said that it produced 508 Bitcoins last month, an increase of about 150%, compared to 203 Bitcoins produced in April 2021. As of April 30, the crypto mining firm stated that it held approximately 6,320 Bitcoins, all produced by the company’s self-mining operations. Riot further mentioned that last month, it sold 250 Bitcoin generating net proceeds of about $10.0 million. The firm also disclosed that currently, it has deployed a fleet of…

HOW CRYPTOCURRENCY WORKS 💸👨🏻‍💻

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Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned – Regulation Bitcoin News

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The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy. Committees Constituted to Decide on the Legal Status of Cryptocurrency in Pakistan Pakistan’s federal government has constituted three sub-committees to decide the future of cryptocurrency and related businesses in the country, the Express Tribune reported Tuesday citing documents it has seen. The sub-committees were formed during a meeting chaired by…

Crypto Exchange OKX Inks Multi-Year Sponsorship Deal with McLaren Racing

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Cryptocurrency companies are now seeing value in the race tracks. Malta-based OKX, which operates a global crypto exchange, announced on Wednesday its partnership with British Formula One team McLaren Racing. It is a major multi-year deal between the two. However, neither revealed the financial terms. Under the agreements of the sponsorship deal, OKX will get the status of McLaren Racing’s Official Primary Partner. Further, the crypto exchange will also become the primary partner of McLaren’s Shadow esports team, which debuted in 2017. The partnership between the two will be put…

Retoken Announces Plans to Revolutionize Business Referral Systems

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Retoken has unveiled its plans to revolutionize how businesses and individuals benefit from the manufacturer-buyer process. Using incentives, Retoken will attract sellers and consumers working in the market to promote your products and services. CEO of Retoken, Sanan Hasanov, said: “In order to bring measured results to these person-to-person recommendations, we decided to create Retoken. Retoken is a referral bonus system that motivates customers to recommend the products and services they use in their daily life and to get Retoken bonuses for that. This model is not new but by…

Bitcoin-friendly Republican candidate JD Vance wins Ohio Senate primary

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JD Vance has won the Ohio Republican Senate primary election, making him the GOP’s candidate in the highly anticipated Senate race against Democrat Tim Ryan in which both parties are trotting out crypto-friendly candidates. The Guardian reported that Vance may have been pushed to victory on Tuesday by a last-minute endorsement from former President Donald Trump on Apr. 23, helping him beat out presumed front-runner, the former state treasurer Josh Mandel. Both Vance and Mandel are crypto supporters, with Mandel famously tweeting “Ohio must be a pro-God, pro-family, pro-Bitcoin state.”.…

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Quantum-based random number generator for Web3 games and wallets launched

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Researchers at Australia National University have teamed up with blockchain oracle provider AP13 to launch the first Quantum Random Number Generator (QRNG). The joint effort will allow Web3 entities to access a completely unpredictable random number generation system that is highly secure and free to use. Random number generators are not new, but the QRNG system is the first of its kind to generate a random number using quantum mechanics. This provides the first genuinely random number mechanism beyond the pseudo-mathematical systems currently used that may be biased or repeated.…

Ethereum Prints Bearish Technical Pattern, Why ETH Could Resume Downtrend

Ethereum broke the $2,820 support to enter a bearish zone against the US Dollar. ETH remains at a risk of more downsides below the $2,740 level. Ethereum started a fresh decline after it failed to clear the $2,880 zone. The price is now trading below $2,820 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,800 and $2,820 resistance levels to start a recovery…