Day: August 27, 2022

Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota – Mining Bitcoin News

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This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North Dakota. Applied Digital Enters Purchase Agreement on August 15, Groundbreaking Planned for Q3 2022 Another mining company is reporting expansion updates as Applied Digital (formerly Applied Blockchain) has revealed it has entered a purchase agreement on August 15. The deal will add a second…

Bitcoin Mining Comes to the Arctic Circle

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Siberian city of Norilsk is best known as the home of mining giant MMC Norilsk Nickel PJSC. With a population of 180,000, it’s one of the biggest human settlements beyond the Polar Circle and only reachable by plane or boat. The city may soon be famous for a different type of mining though — it now hosts the Arctic’s first crypto farm for producing new Bitcoins. BitCluster, the facility’s Russian owner, is already planning an expansion after starting operations late last…

Collapse of the Crypto Market

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Freelance Labs CEO & Founder Adam Jackson speaks with Emily Chang & Sonali Basak about cryptocurrency markets and whether there’ll be a VC pullback in crypto investing. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest in tech from Silicon Valley and around the world here: Connect with us on… Twitter: Facebook: Instagram: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

AdEx Price Gains 20% As Market Plunges, Are Bulls Behind The Pump?

The price of AdEx (ADX) explodes with a double-digit gain against Tether (USDT) as bulls push the price to a higher region. Despite the market downtrend in recent days with Bitcoin (BTC) and Ethereum (ETH) all (Data from Binance) AdEx (ADX) Price Analysis On The Weekly Chart  Weekly ADX Price Chart | Source: ADXUSDT On Tradingview.com From the chart, the price of ADX, after seeing a major run to a high of $1.2, took a downward spiral to a region of $0.16 with what seems to be low on the…

Crypto will become an inflation hedge — just not yet

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Cryptocurrencies present a unique solution, given their lack of a central governing bank. You can’t lose trust in something that doesn’t exist. Its supply is finite, so it naturally appreciates in value. People using a blockchain with proof-of-stake protocols can access their funds at any time, while continuously earning staking rewards on their current balance. This means that the actual value of annual percentage yield is tied to the economic activity on the chain via its treasury and staking reward distribution mechanics. Those properties seem to address the cause of…

Crypto Economy Slides Under $1 Trillion, as Bitcoin and Ethereum Dive Below Previous Support Zones – Market Updates Bitcoin News

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On Saturday, August 27, 2022, the global market capitalization of all the crypto assets in existence dropped under the $1 trillion mark and the leading crypto asset bitcoin slipped below the $20K region for the first time since mid-July. Crypto Economy Craters — More Than $240 Billion Erased in 13 Days Digital currency markets this weekend are feeling the pain as the global cryptocurrency market capitalization today is just under $1 trillion, down 4% during the last 24 hours. That was after the crypto economy shed more than 6% the…

Crypto Market Update | Shiba INU , Cardano ADA , Polygon Matic | Cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #ShibaINU #CardanoADA #MATIC Let’s look into the market, what is happening in Market, the Cryptocurrency are going up but there are few worth looking for. Shiba INU Riyoshi just vanished from the Social Media, but will that make much impact on the Community Token. Cardano ADA is the one who reclaimed No. 6 position in Market and has gained more that 25% in the last 24 hours. Cardano ADA is a good Crypto with a good future, Let’s find out something more…

Financialization of Mining – Bitcoin 2022 Conference

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin 2022 Conference – Financialization of Mining Powered by Bitdeer: #bitcoin2022 #bitcoinmagazine #Mining Juri Bulovic Head of Mining, Foundry Leo Zhang Founder at Anicca Research Ethan Vera COO, Luxor ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Taker Buy/Sell Volume Spikes Up As Price Experiences Volatility

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On-chain data shows both the Bitcoin taker buy and taker sell volumes registered large spikes over the past day as the price goes through volatility. Bitcoin Taker Buy And Taker Sell Volumes Have Surged Up To High Values As pointed out by an analyst in a CryptoQuant post, both the BTC taker buy and taker sell volumes hit more than $1.8 billion yesterday. The “taker buy/sell volume” is an indicator that measures the Bitcoin long and short volumes on derivatives exchanges. The metric distinguishes between these two volumes based on…