CleanSpark Inc. has acquired a purchase agreement for 1,800 Ant Miner S19 XP units.The company also announced a partnership with immersion-cooling infrastructure provider, TMGcore to build out 257 cooling tanks.TMGcore is also providing 2 MW of mining capacity at its immersion-cooled facility in Texas. CleanSpark Inc., a sustainable bitcoin mining company, has acquired an existing purchase contract for 1,800 Ant…
Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month, the Fed responded by hiking rates by 0.75%. ETH was also marginally higher today. Bitcoin BTC was marginally higher on Thursday, as markets responded to…
USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high despite recent industry turmoil. Euro Coin, or EUROC, will be available for trading on June 30, Circle said Thursday in a statement that was shared with Cointelegraph. Like USDC, Euro Coin…
Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world’s largest cryptocurrency in a new light. A research report published by Michel Khazzaka, an IT engineer, cryptographer and consultant, calculates that Bitcoin payments are a “million times more efficient” than the legacy financial system. Plus, the Banking sector “uses 56 times…
Spanish airline Vueling will begin accepting bitcoin and other cryptocurrencies as payment in early 2023.Vueling has partnered with BitPay, a provider of Bitcoin payment infrastructure, to enable the new payment method in its website.The airline will also be working with UATP, a global payments solution provider for travel expenses utilized by airlines worldwide. Vueling, a Spanish airline belonging to the…
Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s use as a means of payment. Bank of America’s Inaugural Crypto Survey Bank of America Global Research published a report Monday highlighting the results…
Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk. Ether bulls trapped? Ether’s price slipped by 9.2% to around $1,120 per token a day after it rebounded by 23% after dropping to almost $1,000, its worst level since January 2021.…
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” Bitcoin or nothing It’s times like this when a little written copium, blended with some philosophically-infused hopium is just what the doctor ordered. Svetski is here to deliver this cure for your sorrows…
Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC). The Thai SEC revoked Huobi’s license in May after it failed to comply with the local regulations. The permanent closure orders come nearly eight months after the regulators suspended the exchange’s services in September.…
BitMEX exchange co-founder Benjamin Delo was yesterday sentenced to 30 months probation by a New York federal court for violating the anti-money laundering Banking Secrecy Act, according to The Wall Street Journal. The sentence concludes Delo’s part in the BitMEX legal saga, which has been ongoing since October 2020. Delo will return to his wife and home in Hong Kong…
