Month: July 2022

Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day – Mining Bitcoin News

boss

On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by 200 petahash per second (PH/s). Bitfarms Adds 18 MW to ‘The Bunker,’ Firm Says Daily Production Reaches 16.8 Bitcoin Bitfarms Ltd. (Nasdaq: BITF) has announced the company has improved The Bunker by adding 18 MW of…

‘My Bet Is on Bitcoin,’ Pro Soccer Player Says

Yet, he is still optimistic about the sector. He says the trend of being paid in bitcoin could become more popular among professional athletes, which says would be a “huge step” for the industry. “As professional athletes, we can only play for a finite number of years, similar to bitcoin’s finite supply,” Crognale said. “To maximize our future earning potential, we need to do as much as we can to secure our money we’re making today for our future.” Source

Why Athletes Are Taking Compensation in Bitcoin

boss

Darren Rovell, a prominent sports reporter, calculated as of Jan. 23, 2022, that NFL star Odell Beckham Jr., a wide receiver for the 2021 Super Bowl champion Los Angeles Rams, had netted $35,000 on a $750,000 deal (after taxes) because he was paid in bitcoin. And this was only calculated in January when BTC was worth $36,000, more than $12,000 than it is today. Original

Bitcoin Flirts With Hurdle At $24k, Why It Could Be In Early Recovery

boss

Bitcoin continues to trend to the upside over the short term as the crypto market hints at further gains. The bullish momentum seems to be driven by the positive earnings seasons and the U.S. Federal Reserve (Fed) interest rates hike. The financial institution announced a 75 basis points (bps) increase in interest staying within market expectations. Bloomberg Intelligence’s Senior Commodity Strategist Mike McGlone believes the Fed might have marked the pivot for Bitcoin. By staying within market expectations, the financial institutions might give room for the bullish trend to expand…

Coinbase’s Stock at Crossroads as Cathie Wood’s Ark Sells Some

“Investing in Coinbase is not for the faint of heart, as the business – and the stock – will likely see dramatic, potentially protracted swings, because Coinbase’s revenues are currently tightly linked to cryptocurrency asset values, which have historically been cyclical,” Lisa Ellis, an equity analyst at MoffettNathanson, told clients in a note in May when she started coverage of the stock with a buy rating and $200 price target. Source

Bitcoin price rejects at $24K as ‘classic short setup’ spoils bulls’ fun

boss

Bitcoin (BTC) saw fresh volatility after July’s final Wall Street open as highs north of $24,000 remained solid resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Resistance strikes BTC at $24,000 Data from Cointelegraph Markets Pro and TradingView reflected bulls’ continuing struggle as BTC/USD lurched around the $24,000 mark on July 29. The pair had attempted to match the week’s local top of $24,450, this ultimately failing to materialize as a resurgent U.S. dollar pressured crypto despite the gains of U.S. stocks . The U.S. dollar index (DXY) continued higher during…

Impressive Rally Puts Bitcoin Above $24,000, But Is $28,000 Still Possible?

boss

Bitcoin has rallied once more above $24,000. This impressive rally follows an intense week where the FOMC’s announcement has basically shown that the United States is now in a recession. Investors had flocked to the bitcoin off the back of the news, causing the digital asset to surge immensely during this time. As the digital asset has beat one important technical level, it remains to see if it can beat another. Accumulation Triggers Rally There are a lot of factors that usually trigger a rally, such as the one that…

Pro-Russian groups raised only 4% of crypto donations sent to Ukraine

boss

According to data from crypto analytics firm Chainalysis, users have sent more than $2 million in crypto to 54 pro-Russian groups since Feb. 24, a fraction of that received by many wallets controlled by the Ukrainian government. In a Friday blog post, Chainalysis said it had tracked funds sent to social media accounts controlled by pro-Russian groups in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), USDT-TRX, and Dogecoin (DOGE) starting with the country’s invasion of Ukraine in February. According to Chainalysis’ data, users sent roughly $2.2 million to the pro-Russian groups,…

I JUST LOST 2.5 MILLION WITH CELSIUS!!! + BITCOIN TA!!!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Watch today’s episode to see what im talking about! GET $19316 IN BONUSES BELOW🔥 ______________________________________________________ 🔸 BYBIT (+$4450 FREE * ) 👉 (Click now) 🔵 Bitget (+$8000 FREE BONUS +15% DISCOUNT ON FEES*) 👉 🔹 Phemex: ($4100 BONUS) 👉 🔥PrimeXBT 🔥 Sign up here: Receive up to $7,000 on your deposit with AMCrypto promocode Register now! It takes literally only 15 seconds to register, deposit & start trading!!! ______________________________________________________ Join my Bybit trading team and win up to 8 Mio dollars!!! ______________________________________________________…

KuCoin crypto exchange debuts USDT-dominated NFT ETF

boss

Seychelles-headquartered cryptocurrency exchange KuCoin has launched an exchange-traded fund (ETF) tied to major nonfungible token (NFT) assets like Bored Ape Yacht Club (BAYC). KuCoin’s NFT ETF Trading Zone went live on Friday, the firm announced. The new investment product is launched in collaboration with NFT infrastructure provider Fracton Protocol. The KuCoin NFT ETF is a Tether (USDT)-dominated product that marks particular underlying NFT assets like Bored Ape Yacht Club. BYAC is one of five NFT ETFs that KuCoin is launching. Trading under the symbol hiBAYC, the asset is an ERC-20…