Ohio to host BIT Mining’s new 85 MW Bitcoin mining facility

Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85-megawatt crypto mining center in Ohio. As the company that owns the entire mining pool business operated under BTC.com, BIT Mining set up a joint venture agreement with Viking Data Centers to establish the Bitcoin mining facility. As part of the… Continue reading Ohio to host BIT Mining’s new 85 MW Bitcoin mining facility

Ohio to host BIT Mining's new 85 MW Bitcoin mining facility

Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85 megawatts crypto mining center in Ohio. As the company that owns the entire mining pool business operated under BTC.com, BIT Mining set up a joint venture agreement with Viking Data Centers to establish the Bitcoin mining facility. As part of the… Continue reading Ohio to host BIT Mining's new 85 MW Bitcoin mining facility

First NFTs to Be Minted on Bitcoin’s Sidechain are for Sale on Watafan’s Marketplace

RSK, the world’s first Bitcoin sidechain compatible with Ethereum smart contracts, is set to revolutionize the world of crypto collectibles starting with its Satoshi Nakamoto Genesis 21 exclusive NFTs. RSK Genesis 21 It’s no news that crypto-collectibles, popularly known as non-fungible tokens (NFTs) have grown to become the hottest properties in the blockchain technology ecosystem.… Continue reading First NFTs to Be Minted on Bitcoin’s Sidechain are for Sale on Watafan’s Marketplace

Russia not ready to accept Bitcoin as legal tender, says Kremlin

Amid El Salvador officially accepting Bitcoin (BTC) as legal tender on Tuesday, Sept. 7, the Russian government has reiterated its negative stance to a scenario where BTC could be accepted as an official currency. Dmitry Peskov, the official representative of Russian President Vladimir Putin, claimed that Russia has no reason to recognize Bitcoin as legal… Continue reading Russia not ready to accept Bitcoin as legal tender, says Kremlin

Still too early to know if Bitcoin will remain top dog, Wall Street vet says

Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap? “We are in the top half of… Continue reading Still too early to know if Bitcoin will remain top dog, Wall Street vet says

Finder's Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide – Featured Bitcoin News

On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia,… Continue reading Finder's Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide – Featured Bitcoin News

Invesco files with SEC for Bitcoin ETF without direct BTC exposure

Atlanta-based investment company Invesco is planning to launch a new Bitcoin (BTC) exchange-traded fund, or ETF, that will not invest in BTC directly. On Wednesday, Invesco filed an application with the United States Securities and Exchange Commission (SEC) to list a new investment product called Bitcoin Strategy ETF. The Invesco Bitcoin Strategy ETF seeks to… Continue reading Invesco files with SEC for Bitcoin ETF without direct BTC exposure

Invesco Seeks SEC’s Approval for Bitcoin Strategy ETF

Despite the US securities market regulator’s hesitation to green light Bitcoin exchange-traded funds (ETFs), more and more companies are applying for it. Most recently, Atlanta-based asset manager Invesco has filed with the Securities and Exchange Commission (SEC) seeking permission to list a Bitcoin ETF. As per Wednesday’s filing, the company is willing to list a… Continue reading Invesco Seeks SEC’s Approval for Bitcoin Strategy ETF

Number of investors owning Bitcoin has tripled since 2018: Gallup Poll

A recent survey has revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years. The study conducted by global analytics and advice firm Gallup revealed that the number of investors in the U.S. holding BTC has jumped from 2% in 2018, to 6% as… Continue reading Number of investors owning Bitcoin has tripled since 2018: Gallup Poll

Ethiopia May Turn to Clean Bitcoin Mining to Strengthen Economy

Amidst the growing inflation rate and the constantly depleting value of its foreign reserves, due to the US Federal Reserve’s endless dollar printing, Ethiopia may be the next sovereign state to integrate bitcoin (BTC) into its economy, in order to beat impending hyperinflation. Project Mano Urges Government to Embrace Bitcoin While Ethiopia has been touted… Continue reading Ethiopia May Turn to Clean Bitcoin Mining to Strengthen Economy

Ethiopia May Turn to Clean Bitcoin Mining to Strengthen Economy

Amidst the growing inflation rate and the constantly depleting value of its foreign reserves, due to the US Federal Reserve’s endless dollar printing, Ethiopia may be the next sovereign state to integrate bitcoin (BTC) into its economy, in order to beat impending hyperinflation. Project Mano Urges Government to Embrace Bitcoin While Ethiopia has been touted… Continue reading Ethiopia May Turn to Clean Bitcoin Mining to Strengthen Economy

Square to Build Its Native Bitcoin Hardware Wallet, Jack Dorsey Confirms

Square is planning to develop a hardware wallet for bitcoin. The company’s hardware lead, Jesse Dorogusker, made the news public through a tweet.  Global Service The announcement was made on Thursday shortly before U.S. Senator Elizabeth Warren identified significant threats to consumers and financial markets by the crypto market. Jesse Dorogusker said on Twitter that… Continue reading Square to Build Its Native Bitcoin Hardware Wallet, Jack Dorsey Confirms

Ether already ‘flippening’ Bitcoin, says Celsius CEO

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky. In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes Bitcoin as the world’s most valued cryptocurrency, is already… Continue reading Ether already ‘flippening’ Bitcoin, says Celsius CEO

Ether already ‘flippening’ Bitcoin, says Celsius CEO

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky. In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes Bitcoin as the world’s most valued cryptocurrency, is already… Continue reading Ether already ‘flippening’ Bitcoin, says Celsius CEO

Groundbreaking Bill Giving Bitcoin Legal Tender Status Officially Passed In El Salvador

With 62 votes a few hours ago, the Salvadoran Congress has approved the bill introduced by president Nayib Bukele to adopt bitcoin as the country’s legal tender. As ZyCrypto reported earlier, Bukele announced during the Bitcoin 2021 Miami Conference that he was considering sending a bill to Congress to make the world’s oldest cryptocurrency the… Continue reading Groundbreaking Bill Giving Bitcoin Legal Tender Status Officially Passed In El Salvador

Blockcap plans to have 50K Bitcoin miners operational by 2023

One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and has begun mining other cryptocurrencies.  In an announcement from Blockcap on Monday, the mining firm said it planned to have more than 50,000 mining rigs online by the end of 2022. Blockcap now controls more… Continue reading Blockcap plans to have 50K Bitcoin miners operational by 2023

CME Group introduces micro Bitcoin futures

The Chicago Mercantile Exchange, or CME, has officially launched its newest Bitcoin (BTC) derivatives product, setting the stage for wider mainstream adoption of digital assets.  TIm McCourt, CME Group’s global head of equity index and alternative investment products, said the new product will provide “an efficient, cost-effective way for a broad array of market participants… Continue reading CME Group introduces micro Bitcoin futures

Exciting New Trends on the Bitcoin Scene

Bitcoin might have a long tenure on the market, but that doesn’t mean it’s a stranger to novelty. The first cryptocurrency is known for frequently making changes to better its user experience, and for the most part, these changes have proven to be a positive step forward. It’s to be expected that while some of… Continue reading Exciting New Trends on the Bitcoin Scene

Goldman Sachs CEO believes Bitcoin regulations are set for a 'big evolution'

David Solomon, CEO of Goldman Sachs has forecast a “big evolution” in how the U.S. government regulates Bitcoin and other cryptocurrencies, in relation to financial institutions. In an interview with CNBC today, Solomon was quizzed on the banking giant’s moves to adopt Bitcoin. The CEO kept his cards close to his chest but conveyed that… Continue reading Goldman Sachs CEO believes Bitcoin regulations are set for a 'big evolution'

Goldman Sachs CEO believes Bitcoin regulations are set for a 'big evolution'

David Solomon, CEO of Goldman Sachs has forecast a “big evolution” in how the U.S. government regulates Bitcoin and other cryptocurrencies, in relation to financial institutions. In an interview with CNBC today, Solomon was quizzed on the banking giant’s moves to adopt Bitcoin. The CEO kept his cards close to his chest but conveyed that… Continue reading Goldman Sachs CEO believes Bitcoin regulations are set for a 'big evolution'

Over $6B in Bitcoin Options Set to Expire Today, April Contracts Show Bets for $80K per BTC – Bitcoin News

A number of options traders are betting that bitcoin prices will tap $80,000 by May 2021. Meanwhile, over 100,000 bitcoin options worth more than $6 billion are set to expire on Friday, smashing the previous record expiry seen in January. $6 Billion in Bitcoin Options Set to Drop, April Bets Target $80,000 per Bitcoin Today… Continue reading Over $6B in Bitcoin Options Set to Expire Today, April Contracts Show Bets for $80K per BTC – Bitcoin News

Serena Williams Invests in Bitcoin Rewards Startup Lolli

Blockchain startup Lolli has reportedly raised the sum of $5 million from a suite of investors led by Serena Williams, her husband (Alexis Ohanian), and other YouTubers.  As announced on Wednesday, Lolli’s pre-Series A round features Serena Williams’ Serena Ventures, her husband Alexis Ohanian’s Seven Seven Six, and Night Media, the management company that represents… Continue reading Serena Williams Invests in Bitcoin Rewards Startup Lolli

Retail traders buying more Bitcoin than institutions: JPMorgan

According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms. JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square. Retail investors are even out-buying institutions, with JPMorgan’s analysts estimating institutions have purchased 173,000… Continue reading Retail traders buying more Bitcoin than institutions: JPMorgan