Insights of Crypto

2021-06-20 18:58:31 #Crypto #Alibaba #CrptoMining

Alibaba cloud says it might stop servicing crypto mining companies in China

Chinese 8BTC news portal and Chinese crypto journalist Colin Wu have reported that the second biggest provider of clouding services in China, Alibaba Cloud, has warned all crypto companies, including mining firms, that it may stop working with them due to the recent regulatory requirements.

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2021-06-20 18:55:46 #Bitcoin #GoldmanSachs #GalaxyDigital

Goldman Sachs to start trading Bitcoin futures in partnership with Mike Novogratz’s Galaxy Digital

Banking behemoth Goldman Sachs has started trading CME Group’s Bitcoin futures in partnership with Galaxy Digital, according to a June 18 CNBC report.

Mike Novogratz’s cryptocurrency firm will act as the bank’s liquidity provider.

As reported by U.Today, Goldman relaunched its cryptocurrency trading desk back in March. Earlier this month, it also announced its plan to expand into Ether trading.

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2021-06-19 15:34:20 #ADA #Cardano

Cardano CEO hints at release of algorithmic stablecoin research paper in coming weeks

Cardan founder Charles Hoskinson has revealed that the platform is planning to release a research paper on algorithmic stablecoins in the next few weeks.

Through a Twitter post, Hopkinson says that the paper is part of some “unfinished business” from the Bitshares days. Notably, Hoskinson co-founded Bitshares, a decentralized exchange alongside cryptocurrency entrepreneur Daniel Larimer. However, the two split up over unclear reasons.

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2021-06-16 09:56:49 #Bitcoin #Tesla #ElonMusk

Elon Musk confirms Tesla is not selling all of its Bitcoin

Tesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy.

“When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote.

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2021-06-13 17:01:24 #Bitcoin #Texas

Texas will allow state banks to hold Bitcoin (BTC)

The Texas Department of Banking today issued a notice confirming that state-chartered banks may store cryptocurrency on clients’ behalf, provided they have “adequate protocols in place” for complying with the law.

Though that seems like a big victory for the state’s cryptocurrency firms and users, in the department’s view, nothing has really changed.

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2021-06-10 07:07:52 #Bitcoin #WarrenBuffett #ETF

Warren Buffett invests in a digital bank that offers a Bitcoin ETF to its clients

According to CNBC, Warren Buffett’s Berkshire Hathaway has invested half a billion dollars in Brazilian digital bank Nubank. For the first time, it appeared on CNBC’s Disruptor 50 list this year.

Interesting but fact, Nubank has acquired the Easynvest brokerage company, and together the two financial firms are planning to offer their clients invest in a Bitcoin ETF.

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2021-06-05 17:49:18 #Bitcoin #Dogecoin #Tesla #BitcoinMining

Tesla competitor to launch first electric vehicle mining Bitcoin and Dogecoin

Canadian light electric vehicle manufacturer Daymak has announced that Spiritus, its yet-to-be-launched futuristic car, will make it possible to mine Bitcoin and Dogecoin while it’s parked.

The 20-year-old company also says that it will accept pre-order payments in several cryptocurrencies, including Cardano. A crowdfunding campaign for the car—which kicked off in March—has surpassed $350 million.

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2021-06-03 19:10:27 #Bitcoin #Argentina #BitcoinMining

Argentinians turn to Bitcoin (BTC) mining to support livelihood amidst economic decline

In the heart of an economic crisis, ultra-low utility costs are enabling Argentinians to bank on mining Bitcoin as foreign miners head for their piece of the electricity cake, local reports said.

Not only locals are taking advantage of the situation as Bitfarms, a Canadian Bitcoin mining company, announced it is opening a new mining facility in the country.

Devaluations, defaults, hyperinflation, foreign-exchange controls, and a pinch of ultra-cheap electricity proved to be the basic ingredients for boosting local mining operations.


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2021-06-03 16:56:02 #Bitcoin #Dogecoin #Tesla

Tesla competitor to launch first electric vehicle mining Bitcoin and Dogecoin

Canadian light electric vehicle manufacturer Daymak has announced that Spiritus, its yet-to-be-launched futuristic car, will make it possible to mine Bitcoin and Dogecoin while it’s parked.

The 20-year-old company also says that it will accept pre-order payments in several cryptocurrencies, including Cardano. A crowdfunding campaign for the car—which kicked off in March—has surpassed $350 million.


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2021-05-29 07:16:33 #Crypto #Nigeria #BTC

Crypto is going to “come to life” in Nigeria, central bank governor says

At a 279th meeting of the Monetary Policy Committee in Abuja, Central Bank of Nigeria Governor Godwin Emefiele expressed confidence that cryptocurrencies like Bitcoin (BTC) will be legal in the country, Business Insider reports Wednesday.

Emefiele did not directly mention a decision to reverse the CBN’s February ban of institutions from buying and selling crypto, but noted that the bank has been investigating the industry.

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