The new partnership targets Bitmain’s end customers. China’s mining giant Bitmain has entered a new partnership to streamline its operations in North America. As Bitmain officially announced on Sept. 10, the company has officially partnered with Foundry, a wholly-owned crypto mining subsidiary of major cryptocurrency firm, Digital Currency Group, or DCG. Within the partnership, Foundry […]
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Tesla and Bitcoin price surged higher after recovering from a sharp correction, leading analysts to take a closer look at the BTC to S&P 500 correlation. On Sept. 9 the price of Tesla stock surged 10.92% after undergoing a 21% plunge earlier in the day. Coincidentally, the price of Bitcoin (BTC) also soared by nearly […]
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Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year. Africans are increasingly turning to cryptocurrencies as a means of exchange over local fiat currencies, according to a new report from blockchain analytics firm Chainalysis. Data from the firm shows […]
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A new Bitcoin backed yield dollar from Ren and UMA enables liquidity mining for BTC holders. Trustless cross-chain bridge Ren and permissionless synthetic asset platform UMA have teamed up to launch a Bitcoin-backed yield dollar called uUSD, in addition to a joint liquidity mining reward program. The partnership will result in a product that allows […]
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Distance learning gaming app claims to teach blockchain for all ages… fails miserably. Working for Cointelegraph, we are regularly contacted by PR agents giving us advance notice of their clients’ forthcoming announcements. Those which seem interesting tend to be followed up with some additional research into the subject, before a decision is made on whether […]
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After a brief hiatus from crypto trading, Dave Portnoy says he’s coming back to Bitcoin, but are there other reasons for his return? Dave Portnoy, the founder of Barstool Sports, is coming back to Bitcoin (BTC) after abruptly abandoning trading digital currencies when his Chainlink (LINK) investment went belly up. In a recent video, Portnoy […]
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Bitcoin dominance rate is a metric cited by many when forecasting altcoin and BTC rallies but is the indicator reliable? Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there’s an argument that the […]
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Blockchain regulation continues to increase and it isn’t likely to slow down any time soon. In an effort to increase the country’s legal overwatch, Germany now says Bitcoin (BTC) ATMs require regulatory approval before they are allowed to operate. ATMs that offer assets such as Litecoin and Bitcoin now requires a license from Germany’s financial […]
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Both Bitcoin and Ethereum appear to be treading water. Peter Brandt, long-time trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on the current crypto market, describing the price action stuck between two difficult giants. “Bitcoin and Ethereum — those really, for me, is where the game is played,” Brandt told […]
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If the bulls can find momentum from the current bounce in Bitcoin and altcoins a short-term bottom may be in place. The short-term gyrations in crypto and stock prices are usually based on sentiment and technicals, while the long-term trends generally follow stronger underlying fundamentals. Therefore, if the fundamentals do not weaken, smart investors view […]
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