Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New Jersey-Maryland (PJM) grid, the site offers low-cost, flexible power ideal […] Source: https://news.bitcoin.com/bitfarms-takes-control-of-its-first-us-mega-site-to-expand-bitcoin-mining-capacity/
The “Alts buy signal” chart is flashing a buy signal, with a trader linking it to levels Bitcoin hit before its price surged sixfold over six months. Source: https://cointelegraph.com/news/altcoins-flashing-bullish-buy-signal-pattern-claims-trader?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Messaging app LINE is set to get “mini DApps” witht the launch of Kaia’s mainnet, following the likes of rival Telegram which launched a similar feature last year. Source: https://cointelegraph.com/news/line-telegram-dapps-kaia-mainnet-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Open Network is back online again after the demand for a new memecoin called DOGS caused the network to go down twice in 36 hours. Source: https://cointelegraph.com/news/ton-back-online-after-second-outage-in-36-hours?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation and more inflation to the ETH ecosystem. Cybercapital […] Source: https://news.bitcoin.com/cybercapital-founder-justin-bons-l2s-are-parasitic-to-ethereum/
Meta is reportedly working on a new pair of mixed-reality glasses in a bid to upset the Apple Vision Pro’s dominance in the augmented-reality wearable market. Source: https://cointelegraph.com/news/meta-working-mixed-reality-glasses-puffin-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solayer has raised $12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth optimization. Solana Restaking Project Solayer Attracts $12 Million Investment According to […] Source: https://news.bitcoin.com/solayer-secures-12-million-to-enhance-solanas-restaking-capabilities/
On-chain activity for the Ethereum layer-2 network has picked up recently, but token prices remain at deep bear market levels. Source: https://cointelegraph.com/news/polygon-recovery-possible-amid-spike-on-chain-activity-santiment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A coalition of Nigerian civil society organizations has applauded the plan by Zacch Adedeji, head of the Federal Inland Revenue Service, to include cryptocurrencies in the tax system. The CSOs believe this move will boost confidence in the crypto market and attract foreign investors. The CSOs believe a regulatory framework specifically designed for cryptocurrency trading […] Source: https://news.bitcoin.com/nigerian-civil-society-groups-praise-crypto-tax-proposal/
In South Korea on Wednesday, the CEO of crypto firm Haru Invest was attacked while attending his trial for alleged fraud totaling almost more than $800 million. Hugo Hyungsoo Lee was stabbed multiple times in the neck by a man described by local media as being in his 50s and was immediately taken to hospital for treatment. The injuries he…
