Tokens Stream

2023-07-06 23:45:58 Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site

Mawson Infrastructure Group, a publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed 2,600 bitcoin miners at the location.

Bitcoin mining companies are experiencing ongoing expansion in 2023. This week, Mawson Infrastructure Group (NASDAQ: MIGI) disclosed the acquisition of a new mining site in Bellefonte, Pennsylvania.

At present, the Bellefonte facility is powered by 8 megawatts (MW) of electricity, with 2,600 miners already operational. The newly launched location will function as a fully self-mining facility, with a potential capacity of up to 24 MW.

Shares of MIGI rose 1.96% on Thursday; however, they have declined by 20% over the past month. The six-month price statistics indicate a decrease of more than 7%, while the stock has experienced a significant decline of 69% over the past 12 months. Open / Comment

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Visit our Official Firepot Website here! Open / Comment

2023-07-03 19:07:02 Okx’s Haider Raffique Optimistic MCFC Partnership Can Help Grow Blockchain

On Friday, June 30, Okx announced an expansion of its existing partnership with recent Champions League winners, Manchester City Football Club. The partnership entails Okx, which previously sponsored the club’s training kit, becoming the sleeve sponsor for both the men’s and women’s teams. Haider Rafique, the company’s CMO, expressed hopes that the deal will enhance visibility and generate interest in the broader blockchain industry.

In recent years, a host of crypto companies have partnered with sports brands on similar ventures.

For Okx, chief marketing officer Hiader Rafique hopes that the deal will help rally the company’s workforce, as well as the wider blockchain community.

Soriano hopes the partnership will help grow the team’s digital assets, giving more fans access to engage with the football club and its players. Open / Comment

2023-06-30 20:53:02 US Presidential Candidate Ron DeSantis Supports Plan to Eliminate IRS and ‘Break the Swamp’

In an interview this week, Ron DeSantis, the Republican governor of Florida and a presidential candidate, revealed his support to eliminate several federal agencies should he win the general election. Among the entities he mentioned were the U.S. departments of Education, Commerce and Energy, and the Internal Revenue Service (IRS).

During an interview with Fox News television host Martha MacCallum on Wednesday, Ron DeSantis, the Republican governor of Florida and a candidate in the 2024 U.S. presidential race, shared his idea to streamline the federal government by eliminating certain agencies.

This also isn’t the first instance where DeSantis has expressed his views on revamping or dismantling the IRS.

Building on his stance, DeSantis didn’t mince words when he asserted that he perceives the IRS as a “corrupt” entity, highlighting that this cabinet-level agency is far from being an ally to the ordinary citizen or taxpayer. During his conversation with MacCallum on Wednesday, he voiced his belief in the necessity of a profound reconstitution of the government. Reflecting on the unfulfilled promise of draining the swamp back in 2016, DeSantis offered a more potent metaphor, suggesting the urgent need to shatter the very foundations of the swamp itself. Open / Comment

2023-06-27 20:17:04 Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly believe that luna classic (LUNC) has “limitless upside potential.”

A group of developers, self-identified as the “Six Samurai,” now aims to revive the struggling network and infuse new life into the Terra Classic blockchain ecosystem.

This is not the initial instance of developers discussing the revival of the Terra Classic ecosystem. In late April 2023, supporters of Terra Classic deliberated on restoring terrausd classic (formerly UST) to its $1 parity. However, the plan never fully materialized, although terrausd classic (USTC) experienced a slight increase during the week the idea was deliberated.

The Six Samurai proposal encompasses numerous ideas to revive the chain, such as token burns, the establishment of a USTC testnet, and the creation of a feeshare module. The token burn concept entails “burning all the LUNC reminted from Binance customers’ fees to date.” Open / Comment

2023-06-25 19:18:02 Robert Kiyosaki Shares Simple Way to Tell if Economy Is in Recession

Rich Dad Poor Dad author Robert Kiyosaki has shared a very simple way of telling whether an economy is in a recession. “There is a lot of hot air about ‘Are we in a recession or not.’ The answer is simple,” the famous author claimed.

Kiyosaki tweeted Thursday:

There is a lot of hot air about ‘Are we in a recession or not.’ The answer is simple. My rich dad said ‘If your neighbor loses his job, the economy is in a recession. You lose job, economy in depression. KISS. Keep It Super Simple. Be an entrepreneur. Never need a job.

The famous author has cautioned about a recession multiple times. In January, he said, “We are in [a] global recession,” warning of soaring bankruptcies, unemployment, and homelessness. Kiyosaki has also voiced concerns about a depression. In February, he predicted that a “giant crash” is coming and a depression is possible.

The renowned author has advised people to buy gold, silver, and bitcoin. He believes that these three investments are the best for “unstable times.” Last week, Kiyosaki stressed that more banks are about to fail. Open / Comment

2023-06-21 20:42:01 Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears

A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of payment in the eurozone, despite currently being touted as merely an alternative.

Slovaks will have the right to buy goods and services with cash guaranteed under an amendment to their constitution approved by a sizable majority in the nation’s parliament.

EU institutions claim they don’t intend to replace cash with the new central bank digital currency (CBDC) but rather supplement it. However, critics suspect that transactions with it will be controlled by the ECB and fear digital euro payments may become mandatory across the eurozone.

The National Council, as Slovakia’s parliament is called, also passed an amendment protecting the interests of merchants refusing to accept cash for “appropriate or generally applicable reasons.” Open / Comment

2023-06-18 18:31:14 Crypto Payments Firm Wyre Shuts Down — Users Told to Remove Assets From Platform

Wyre, the San Francisco-based crypto payments firm, has said it is winding down operations “in order to protect the best interests” of its users and stakeholders. The firm urged users with assets on its platform “to continue to withdraw them via Wyre’s dashboard until Friday, July 14th.” A statement released by the firm said parties interested in acquiring Wyre or its subsidiaries should contact 88 Partners via email.

The firm’s decision to wind down comes more than six months after the CEO Ioannis Giannaros denied reports the payments platform had shut down.

Wrye instructed individuals or companies interested in acquiring the crypto payments firm or any of its subsidiaries to contact 88 Partners via email. Open / Comment

2023-06-15 19:01:28 Bitcoin, Ethereum Technical Analysis: BTC Moves Below $25,000 Following Fed Meeting

Bitcoin fell below the $25,000 level for the first time since March, as the Federal Reserve opted to keep rates unchanged. However, to the surprise of many, the Fed also forecasted two further hikes in this current cycle. Ethereum reacted negatively to the news, dropping below $1,700.

Bitcoin plunged to a multi-month low on Thursday, as markets continued to react to the U.S. Federal Reserve’s decision not to increase interest rates.

Chair Powell did forecast two further hikes, with core inflation still higher than the bank would like.

As a result of the drop, bitcoin slipped to its weakest point since March 16, when price was at a bottom of $24,200. Today’s decline came as the 14-day relative strength index (RSI) fell below a support point at 36.00. It is now tracking at 34.55.

Additionally, ethereum (ETH) also tanked, with price falling below $1,700 for the first time in three months. This is the lowest level that ethereum has fallen to since March 15, which is the last time price traded at a floor of $1,620. Open / Comment

2023-06-12 20:54:02 Bitcoin, Ethereum Technical Analysis: Ethereum Nears $1,700 Breakout, as BTC Braces for Fed Rate Decision

Bitcoin started the week trading marginally below the $26,000 level, ahead of a key week of economic events. The headline being the upcoming U.S. Federal Reserve meeting. Ethereum remains below $1,800 ahead of this week’s rate decision.

Bitcoin (BTC) continued to trade around the $26,000 level on Monday, as markets remain volatile following recent fundamental occurrences.

BTC/USD rose to a peak of $26,203 earlier in today’s session, following Sunday’s low at $25,675.

Monday’s peak sees bitcoin bulls attempt to break a resistance level of $26,300, however market sentiment remains largely bearish.

Bitcoin chart by TradingView

The relative strength index (RSI) is also tracking close to a level of resistance, with a current reading at 42.16. This is marginally below an upcoming ceiling at 46.00, and slightly above a support point near the 41.00 region. Additionally, the 10-day (red) moving average has maintained its downward course, further expanding bearish sentiment.

Ethereum chart by TradingView

As a result of this latest decline, ethereum’s 10-day (red) moving average has finally crossed over its 25-day (blue) counterpart. In addition to this, the RSI is currently tracking at 38.00, which remains around the oversold region. To move beyond this point, price strength will need to climb past the 40.00 zone, however a floor at 31.00 could still be on radar for sellers. Open / Comment