Bitcoin Mining

Venezuela Bans Crypto Mining Due to Power Crisis

Venezuela’s National Power Ministry has taken action against Bitcoin mining operations by disconnecting them from the country’s electricity grid and seizing more than 11,000 Bitcoin miners. This move aims to curb the high energy consumption associated with these mining farms, which has been straining Venezuela’s power resources. Venezuela’s Crackdown on Bitcoin Mining Farms Venezuela’s National…

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Cardano ADA

Cardano Shows Positive Signs and Development Goals

Cardano’s MVRV ratio has improved, signaling growing investor confidence and potential for positive price movements. Whale investors holding between 100 million and 1 billion ADA have increased their holdings by 11%. Additionally, ADA’s price has broken above a bullish flag pattern on its 8-hour chart, suggesting further upward potential. Cardano Shows Positive Signs with Improved…

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CryptosHeadlines 9 May 24: Hong Kong Ether ETFs; Bitcoin at $63K-$64K and More!

Wintermute, a leading crypto trading firm, has teamed up with OSL Digital Securities and HashKey HK Exchange to provide liquidity for the newly launched spot bitcoin and ether exchange-traded funds (ETFs) in Hong Kong. Wintermute will assist OSL and HashKey by facilitating the buying, selling, and delivery of BTC and ETH ETFs. These two companies,…

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Mastercard and US Banks Trial Tokenized Asset Settlement

Mastercard is teaming up with leading US institutions to try out shared-ledger technology for settling tokenized assets, such as commercial bank money. This collaboration aims to explore how this technology can streamline the settlement process for tokenized assets across different financial entities. Testing Shared-Ledger Technology for Tokenized Asset Settlement Mastercard and its partners are conducting…

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Bitcoin

Why Bitcoin Price is Rising Today

Bitcoin’s value has surged by 6.47% due to positive news about the Federal Reserve’s interest rate plans and strong labor market reports. This indicates that investors are feeling more confident about the cryptocurrency. Bitcoin’s recent 6.47% surge is fueled by growing optimism, propelled by positive macroeconomic indicators. The uptick in the U.S. M2 money supply,…

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Bitcoin

Bitcoin’s Value Rises as Fed Chooses Not to Increase Rates During FOMC Gathering

The Federal Reserve didn’t surprise many by keeping its main interest rate unchanged at the Federal Open Market Committee Meeting (FOMC) on Wednesday. This decision, though, might not be what some investors in cryptocurrencies and stocks were hoping for. Earlier that day, Bitcoin’s price had fallen sharply by 6%. Bitcoin Price Reacts Positively to Fed…

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