Abra also announced it would launch ‘Abra Boost’ in October, a product that allows qualified investors to deposit and earn interest on digital assets. The company said it would be transitioning customers of its existing lending product, Abra Earn, to the new Abra Boost. Source
The HIVE blockchain announced that it had increased its revenue per megawatt by four times. This record revealed that its generated income exceeds that of Bitcoin mining. HIVE blockchain, a cryptocurrency miner, is currently looking to replace ETH mining with other digital assets. This is slated to occur after the completion of the upcoming Ethereum Merge. The mining company is assessing the available options to make its GPU stash mining possible. The eventโs success will also require a process known as beta testing. The company would implement this process for…
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Wahi is the brother of former Coinbase (COIN) product manager Ishan Wahi. The Wahi brothers were arrested in late July, charged by the Department of Justice (DOJ) with wire fraud and insider trading โ allegedly profiting from information shared by Ishan Wahi regarding least 14 different listings at Coinbase. A friend, Sameer Ramani, was similarly charged but remains at large. Source
The trial, which kicked off Monday in Oslo, Norway, is one of two simultaneous defamation suits centered around a series of tweets posted in 2019 by Hodlonaut (known in real life as Magnus Granath) โ at the time, a public school teacher with less than 8,000 Twitter followers โ in which he called Wright a fraud and a scammer. Original
On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the companyโs Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and the companyโs U.S. employees with the opportunity to earn non-fungible token (NFT) assets. Coffeehouse Company Announces Web3 Platform Starbucks Odyssey Starbucks has immersed its feet into blockchain, Web3, and NFT technology by revealing a new Web3 application powered by Polygon. โ[The] new Starbucks Odyssey experience will offer members the ability to…
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According to the agency, three illegal crypto farms with irregularities were uncovered last week in the South American country. Source
In this episode of NewsBTCโs daily technical analysis videos, we take a closer look at a variety of bullish signals in Bitcoin that fired with the most recent weekly open. However, the cryptocurrency market isnโt out of the woods, as this week must confirm the signals with a strong close. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD):ย September 12, 2022 Last night we had a weekly close in Bitcoin and have already added nearly 3% on top of around 16% from the lows swept during last…
The Ethereum price is rallying above critical levels as โThe Mergeโ is on the horizon, the bullish momentum might receive a fresh push and finally take ETH north of $2,000. In the meantime, market participants are speculating about the immediate future of the second cryptocurrency by market cap. At the time of writing, Ethereumโs price trades at $1,710 with a 4% loss in the last 24 hours and a 9% profit over the last week. After weeks of leading the market, ETH is underperforming Bitcoin. The number one cryptocurrency records…