Good Uses of Bitcoin
Bitcoin might have started as a niche currency but it has since grown into a top 15 world currency. It also has many uses such as payments, gambling and betting, sending money overseas, charity etc.
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Bitcoin Mining Firm Hive Blockchain to Purchase Intel’s ‘Bonanza Mine’ ASICs
A Vancouver-based Bitcoin mining company, Hive Blockchain, has announced it will be acquiring Intel’s recently unveiled cryptocurrency mining hardware and expanding beyond Canadian borders with a rented Texas-based mining facility.
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Swiss City of Lugano Partners With Tether to Make BTC, USDT, and LVGA Legal Tender
On Thursday, the mayor of Lugano, Michele Folleti, hosted the “Plan B” event where the announcement for the “de facto” legalization of crypto within city limits was made.
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CME Plans to Launch Micro-Sized Bitcoin and Ethereum Options
CME Group, the world’s largest financial derivatives exchange, has announced it will be launching micro-sized Bitcoin and Ethereum options on March 28th, as long as they receive a green light from the regulators.
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Visa and Mastercard Block Russian Banks, Crypto Could be Used to Circumvent Sanctions
In light of strict and extensive economic sanctions enforced against Russian financial institutions, global payments giants Visa and Mastercard have now joined the list of companies refusing to provide their services to Russian banks.
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EBay Considering Adding Crypto Payments, According to Company’s CEO
E-commerce giant eBay is restructuring its business to attract more Gen-Z and millennials to its platform. According to CEO Jamie Iannone, accepting crypto payments might be in the cards.
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Bitcoin Hits $43,700 as the Crypto Market Cap Surges 10% to Almost $2 Trillion
The rollercoaster of big price swings continues. Today, the market underwent a massive rally that pushed the total crypto market cap up by 9.36% to $1.96 trillion at press time.
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Intel Unveils “Bonanza Mine,” Its First Dedicated Crypto Mining Chip
Chip manufacturing giant Intel has revealed details on its first mining chip, aptly called “Bonanza Mine.” The new hardware was put on display at the annual International Solid-State Circuits Conference (ISSCC) held in downtown San Francisco. For the time being, it seems that hardware solutions by Bitmain and MicroBT retain the edge over Intel’s products.
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Terra is the #2 Coin to Watch for the Week of February 28 – March 06, 2022
After a rather chaotic Week 8 on cryptocurrency markets the total market capitalization lies at $1.75 trillion. On February 24, the crypto market moved in high correlation with the stock market as both reacted negatively to the news about Russia launching a ‘Special Military Operation’ in Ukraine. Bitcoin and the majority of other top cryptocurrencies lost more than 10% of their valuations that day. Nevertheless, most cryptocurrencies managed to rebound the next day, returning to their pre-war valuations. The world geopolitical situation is getting more heated each day which will inevitably have some monetary repercussions. Can cryptocurrencies actually benefit from this dire situation or will Week 9 be full of red numbers as investors move towards less riskier assets?
