Day: December 19, 2023

Marathon Digital acquires Bitcoin mining sites in $179m deal

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Marathon Digital secures a cash deal with Generate Capital and a PBC subsidiary to acquire two operational Bitcoin mining farms, expanding its capacity to around 390 megawatts. As stated in the Dec. 19 release, the transaction marks Marathon’s shift from an asset-light organization to managing a diversified Bitcoin mining portfolio, acquiring its first fully owned sites. Currently holding 584 megawatts, with 3% owned and 97% hosted by third parties, the acquisition will bring the total capacity to approximately 910 megawatts.  Following the deal, 45% will be on Marathon-owned sites, expanding opportunities…

BTC Miner Marathon Digital (MARA) to Acquire New Mining Sites for $179M

The acquisition, which will add 390 megawatts of capacity, will be paid in cash from Marathon’s balance sheet, the company announced on Tuesday. Across the two sites, around 21% is vacant and available for expansion, 63% is occupied by bitcoin mining tenants and 16% is already occupied by Marathon. Marathon said it expects the acquisitions to reduce the cost per coin mined by around 30%. Source

Crypto Analyst Predicts XRP 1,500% Move Against Bitcoin, What Are The Terms?

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Crypto analyst CryptoInsightUk has once again given his projections as to the future trajectory of the XRP price. This time, the analyst predicts that the crypto token could enjoy unprecedented against the flagship cryptocurrency, Bitcoin. However, there is a caveat for this to materialize.  How XRP Could Gain 1500% Against Bitcoin In a post shared on his X (formerly Twitter) platform, CryptoInsightUk said that XRP could see a move up to 1500% against Bitcoin. This, he stated, will happen if the crypto token could break and hold above the top…

Crypto Asset Manager HashKey Capital Secures Capital Markets Services License From Singapore Central Bank

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Places accepting cryptocurrency to buy gifts this Christmas

Learn about places that accept cryptocurrency for purchasing a variety of gifts, from electronics to cars. As we gear up for the holiday season, it’s hard not to notice a new shopping trend gaining momentum. The use of cryptocurrency in retail is no longer just a niche for tech enthusiasts; it’s becoming a mainstream phenomenon. This comes at a time when more and more stores that accept cryptocurrency as payment are popping up. From your favorite gadget to a luxurious car to just picking up Christmas gifts for your friends and family,…

Lisk Announces Move to Ethereum Ecosystem as Layer-2 Platform

Lisk decided to leverage the Ethereum network after finding out that more 90% of user transaction fees on L1 platforms were Ethereum-based. Lisk (LISK), the open-source blockchain network and platform for decentralized applications (dApp), has announced it has decided to join the Ethereum ecosystem as a layer 2 (L2) platform. According to an official blog post, Lisk is building the upcoming ecosystem on Gelato’s Rollup, and powering it via Optimism’s OP Stack. Why Lisk Is Integrating Ethereum The move was born out of research carried out early this year, while trying to expand…

Bitcoin recovers, BTC mining token posts gains

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Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. After a minor pullback, Bitcoin recovered yesterday, climbing 4.22% and trading at $43K. Its 24-hour trading volume also shot up by 36%, currently at $25 billion. Meanwhile, Bitcoin Minetrix is rallying after its presale rose above $5.5 million. BlackRock ETF approval odds increase Bitcoin price rose after news broke that BlackRock had filed an amended Bitcoin ETF…

Eurozone Annual Inflation Falls to 2.4% in November

With November’s finalized Eurozone Consumer Price Index (CPI) settled at 2.4%, the Core CPI (excluding energy, food, alcohol, and tobacco) stood at 3.6%.  In November 2023, prices across a diverse range of goods and services in the Eurozone area experienced a notable decline compared to October. According to new data published by Eurostat, the statistical office of the European Union, the Eurozone observed a downturn in its annual inflation rate, confirming a 2.4% figure for November. The figure marks the lowest inflation rate since July 2021, underscoring a substantial shift…