The East Java branch of one of Indonesias largest Islamic organisations Nahdlatul Ulama (NU) has issued a Fatwa deeming the use of cryptocurrency haram, or forbidden, under Islamic law. A Fatwa is a nonbinding legal opinion on Islamic law, which is reached through a discussion called a bahtsul masail. Representatives from the Nahdlatul Ulama (PCNU) Branch Management and several Islamic…
Greenidge Generation LLC, an upstate New York-based Bitcoin (BTC) mining firm has reportedly threatened legal action over repeated demonstrably false claims from local activists. Greenidge mines BTC at its gas-fired power plant near the Seneca Lake in Dresden, and the firm has been locked in a long-running battle with activists who allege that the firms practices are damaging to the…
The price of Ethereum (ETH) has bounced to a new all time high (ATH) today as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexs on Coinbase and Coinmarketcap. At the time of writing, ETH is currently priced at $4,380, with the asset surging around 46.6% since the start of October. Coinmarketcaps price index indicates…
The crypto-friendly travel company Travala published its third-quarter 2021 report showing the firm has grown significantly alongside the growth of crypto adoption. In fact, cryptocurrency adoption has “more than offset the negative impact of the pandemic,” the company said as Travala posted a record-setting quarter in Q3 2021. Crypto Adoption Bolstered Travel Company Travala’s Third Quarter According to a third-quarter…
Immersive cooling technology may help with the transition to zero-emission Bitcoin mining Bitcoin Mining Council (BMC) member Hass McCook told Cointelegraph. McCook, known online as Friar Hass, believes the industry is on track to hit the goal by 2030. Immersive cooling involves submerging Bitcoin mining ASICs into a specialized cooling fluid, which absorbs and recycles heat from the data center.…
ARK Invest, the investment management firm focused on innovative tech led by Cathie Wood, took advantage of a dip in the price on Wednesday to buy nearly $80 million worth of Robinhood stock. As per daily trading data, Woods ARK purchased a total of 2.24 million shares of Robinhood across three of Arks ETF funds, with the majority of shares…
MicroStrategy added almost 9,000 Bitcoin to its holdings in Q3, bringing its total BTC stash to a valuation of around $7 billion. The company highlighted the purchase of 8,957 BTC in its Q3 report on Oct. 28, with the firms perma-bull CEO Michael Saylor stating that there is more BTC accumulation to come: Today, MicroStrategy is the worlds largest publicly…
British police have seized bitcoin worth almost $3 million from a teenager who set up a fake website to scam consumers. “At the time they were worth £200,000. They are now worth a little over £2 million.” UK Police Seize $2.8 Million in Bitcoin British police have arrested a 17-year-old boy from South Lincolnshire and seized bitcoin worth almost $3…
The price of Ethereum, the second-largest cryptocurrency by market cap, has spiked over 10% in the last 24 hours to secure a new all-time highjust two days after eclipsing its previous record. The new all-time high for ETH is $4,416.05, according to data from CoinGecko. On Tuesday, October 26, the asset coasted to nearly $4,300 before declining all the way…
On Wednesday, the Ethereum blockchain underwent its third upgrade in seven months. And unlike the previous two upgrades, things have gone smoothly so far. The Altair upgrade was the first (and perhaps last) upgrade to the Beacon Chain before Ethereum fully transitions to a proof-of-stake network. The Beacon Chain, which introduced ETH staking and set the table for “shard chains”…
