Tuesday, June 22, 2021

Bitcoin

MicroStrategy buys $489 million worth of bitcoins.

Founder and CEO of MicroStrategy, Michael Saylor, tweeted that the firm has bought an additional 13,005 bitcoins worth $489 million. The firm purchased an...

Crypto mining firm Bitsource announces a 1000MW investment in clean energy in North America.

According to the official press release, Bitsource Technology USA Inc, mining services and hardware company, announced a 1000 megawatt investment in clean energy for...

Spanish banking giant BBVA to launch crypto services in Switzerland.

After conducting tests for several months, the Swiss branch of the large Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has announced plans to...

Billionaire Tim Draper predicts that Bitcoin will reach $250,000 by the end of 2022.

Billionaire Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 by the end of 2022. Draper first made this prediction...

El Salvador’s decision to make bitcoin a legal tender draws criticism from global regulators.

While the president of El Salvador Nayib Bukele's decision to authorize bitcoin as legal tender has met with cheers and applause from the crypto...

El Salvador plans to use renewable energy from the country’s volcanoes for bitcoin mining.

According to the Reuters report, El Salvador's President Nayib Bukele said on Wednesday that he had instructed state-owned geothermal electric firm LaGeo to develop...

Jack Dorsey-led payment firm Square is investing $5 million to create a sustainable bitcoin mine.

Jack Dorsey-led Square is investing $5 million into building a bitcoin mine that runs on solar power, teaming up with bitcoin technology company Blockstream...

Canaan’s CEO urges China to make way for green mining.

The CEO of Nasdaq-listed Canaan Inc, Zhang Nangeng, a China-based firm that specializes in Bitcoin mining equipment, has urged that China's Bitcoin mining ban...

Goldman Sachs Commodities chief says cryptocurrencies are a substitute for copper not gold.

"Digital currencies are not substitutes to gold. If anything, they may be a substitute for copper. And the reason I argue that is they're...

Crypto miners HashCow and BTC.TOP halt operations in China after the regulatory crackdown.

According to the Reuters report, cryptocurrency miners, including HashCow and BTC.TOP have halted all or part of their China operations after Beijing intensified a...

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