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The U.S. is now the top destination for bitcoin miners, eclipsing China for the first time ever. One-third of bitcoin's hashrate is in the U.S., according to the Cambridge Centre for Alternative Finance, a 428% increase from September 2020. The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first […]
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China’s central bank, the People’s Bank of China (PBOC), on Friday banned all cryptocurrency transactions and declared that it would stop illegal crypto mining in the country. Bitcoin traded down about 6.5% shortly after Friday’s opening bell at $41,866, still better than a low below $41,000 posted earlier. Ethereum traded down nearly 7%, Dogecoin was […]
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The subject of additional regulation in the crypto space has been especially buzzy lately, and on Tuesday, Gary Gensler, chairman of the Securities and Exchange Commission, told the Senate Banking Committee that the SEC is working overtime to create a set of rules for crypto markets to protect investors, among other things. In response, both […]
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It's no secret that Jack Dorsey, CEO of Twitter and Square, loves bitcoin, the largest cryptocurrency by market value. In fact, the bitcoin maximalist has touted it as the most important project in his lifetime to work on, and Square, his digital payments company, bought over $170 million worth of bitcoin earlier this year. Now, the billionaire […]
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Every 2016 blocks, or about every two weeks, bitcoin resets how tough it is for miners to mine. Early Friday morning, as expected, the bitcoin code automatically made it about 7.3% more difficult to solve a block. It just got harder and less profitable to mine for bitcoin. Every 2016 blocks, or about every two […]
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English Premier League club Arsenal F.C. has joined the blockchain platform Socios.com to launch their Official Fan Token ($AFC) to create a more engaging fan experience for their global fanbase. $AFC Fan Token holders will have the chance to influence the club in a series of interactive polls across a variety of decisions every season. […]
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Crypto-asset broker Voyager Digital is educating professional athletes about cryptocurrency, which is seen as one of today’s most effective tools for building wealth. As the official cryptocurrency partner for the inaugural Players Symposium held in Las Vegas this week, Voyager is addressing 100 NFL players. With at least some of the professional athletes getting involved […]
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Hong Kong (CNN Business)Bitcoin returned above the $30,000 mark on Wednesday, highlighting the extreme volatility that has plagued cryptocurrencies in recent months. The digital currency has jumped 5.4% over the last 24 hours, reaching $34,368 per coin, according to CoinDesk. That’s a U-turn from Tuesday, which saw bitcoin (XBT) plunge below $30,000 for the first […]
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(CNN Business)Elon Musk is sending bitcoin’s price on another volatile ride. The price of bitcoin is surging after Tesla (TSLA) CEO Elon Musk tweeted Sunday that the electric car company would start accepting the cryptocurrency again once at least half of it can be mined using clean energy. “When there’s confirmation of reasonable (~50%) clean […]
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Market volatility and the next moves by central banks have to be watched "very carefully," veteran investor Mark Mobius has warned. He described "crazy moves" in assets such as bitcoin as being driven by "disorientation and confusion." Market volatility and the next moves by central banks have to be watched "very carefully," veteran investor Mark […]
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