Marathon Digital Holdings, a United States-based crypto mining company, has secured a $100 million revolving line of credit with Silvergate Bank using USD and Bitcoin.According to information provided by Marathon Digital, the mining firm obtained the $100 million credit line from the crypto-friendly bank on Friday. The company will use the credit to purchase Bitcoin (BTC) mining equipment and fund…
Major social media and communication platforms Facebook, Instagram, and WhatsApp went offline this morning as the price of Bitcoin and other cryptocurrencies surged.As data from Cointelegraph Markets Pro shows, the Bitcoin (BTC) price moved above $49,000 after falling to a daily low of $47,166, an increase of roughly 4.5% in less than two hours. Similarly, the price of Ether (ETH)…
The wider cryptocurrency market fell under pressure on Oct. 4 as the momentum generated by Bitcoin’s (BTC) weekend spike above $49,000 was overshadowed more global concerns related to the global financial system, rising inflation and supply chain challenges. Despite these struggles, many altcoins managed to rally and at the time of writing, the crypto gaming and decentralized finance sectors continue to…
Bitcoin’s hashrate has been climbing steadily over the last three months and rose more than 40% after the network’s hashpower was below 90 exahash per second (EH/s) on July 5. The trend has led to a consecutive run of five bitcoin mining difficulty accruals with another increase expected during the next transition. Hashrate Steadily Increases, Antpool Commands Top Position, Unknown…
A hard fork of the famous Bitcoin, Bitcoin Gold (BTG) was established in 2017 by Jack Lao, the creator of Lightning ASIC, who said that the main goal of the new cryptocurrency was to improve the initial protocol and act as a link between the fiat and digital currency worlds. Bitcoin Gold (BTG) isn’t famous for huge price movements, but…
Kraken is delighted to support the digital premiere of the Triton Million: A Helping Hand for Charity – the largest buy-in poker tournament ever televised. Run by Triton Poker, one of the game’s most exclusive brands, the event brought together 54 professional and amateur poker players for a tournament with an entry fee of £1,050,000. The 2019 competition, which took…
A decade ago, Nike took a proverbial leap into the future of sneakers with their launch of Nike Mag — a fictional concept shoe inspired by the movie Back to the Future Part II.The 1,500 limited edition was so revered for its idiosyncratic self-lacing design, that it wrote itself into sneaker folklore as one of the greatest productions of all…
This week, United States lawmakers and regulators have stolen much of the spotlight once more. The cryptocurrency-related provisions of the infrastructure bill, a tiny grain of sand in the grand scheme of the omnibus legislation, had all laser eyes glued to the fateful House of Representatives vote — which never happened. There is a sense, however, that the bill will…
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up 1.32% since September 29. Gold…
Bitcoin (BTC) is headed to what is arguably a mathematically “programmed” all-time high of $200,000 or more, the latest data hints.In a series of tweets on Oct. 4, popular Twitter commentator TechDev highlighted familiar bullish behavior in Bitcoin’s relative strength index (RSI).2021 Bitcoin RSI simply follows the patternWhile still lingering below targets such as those of stock-to-flow, BTC/USD is not…
