The crypto market has recently experienced a positive macro event, resulting in a scaled-back market valuation of $1.19 trillion. Bitcoin is leading the way in this major uptrend, making a strong comeback to the $30,000 price tag. However, it is not the only main beneficiary of this bullish sentiment. Ethereum Classic, a popular proof-of-work (PoW)
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Iris Energy, a Nasdaq-listed Bitcoin mining company, has revealed its plans to expand its operations to meet the growing demand for data centers for Artificial Intelligence (AI) applications. Expansion Plans In a press release, the company announced that it will expand to 9.1 EH/s (exahashes per second) and revamp its high-performance computing (HPC) data center
Binance, a major player in the cryptocurrency exchange market, has recently announced a new promotional offer that allows for zero-maker fees when trading its stablecoin TUSD. The promotion is set to take effect on June 30, 2021, and will be available for both spot and margin trading for TrueUSD. The offer applies to all new
Binance, a cryptocurrency exchange, is currently facing legal challenges in several jurisdictions around the world. Now, a Brazilian lawmaker, Alfredo Gaspar, has requested that the General Manager of Binance Brazil, Guilherme Haddad Nazar, appear before the National Congress to answer questions regarding the company’s operations in cryptocurrency management and possible partnerships with national companies involved
Bitcoin’s sudden 15% surge towards $30,300 between June 19 and June 21 caused $125 million in liquidations of leveraged short futures contracts, taking traders by surprise. While pinpointing the exact cause of the rally is complicated, some analysts suggest that an inflow of institutional investors could be a potential trigger if BlackRock’s exchange-traded fund (ETF)
According to experts, Russia is reportedly becoming a crypto mining hotspot. The nation claims its crypto mining hashrate is second only to that of the USA. Nikita Zuborev, a Senior Analyst at the domestic crypto platform BestChange, said that there are many advantages of mining crypto in Russia. One of which is relatively low electricity
Ethereum has been the leader in the smart contract and decentralized application (DApp) network since its inception. The analysis of Ether’s price (ETH) and market capitalization provides indisputable evidence that the blockchain has been gaining market share. Over the past couple of years, Ether’s dominance in market capitalization terms has grown from an average of
During an interview with Yahoo Finance on June 22, US Senator Cynthia Lummis criticized the Securities and Exchange Commission’s (SEC) recent enforcement action against cryptocurrency exchange Coinbase, despite the company’s attempts to comply with regulators. She was perplexed as to why the SEC would take such action against Coinbase when the company had publicly shown
Optimism (OP) has made a remarkable recovery, surging by 27% in the last week after hitting a new yearly low of $0.895 on June 10. Currently trading at $1.411, the cryptocurrency is showing a 4.06% increase in value today. OP is striving to surpass the reverse Fib 0.5 level at $1.386, which coincides with a
Bitcoin (BTC) saw a sudden surge in price to $138,000 on Binance.US during the early hours of June 21. However, the spike was very brief and lasted only seconds before returning to its normal level. The flash-pump was specific to the exchange’s BTC/USDT trading pair, while other assets continued trading at their usual levels. SEC