Technology

The updated restrictions in China have put immense pressure on miners and Bitmain intends to help them out. According to the latest announcement, the world’s top bitcoin mining-rig maker halted sales of new equipment after Bitcoin collapsed nearly 46% since its peak in April. The company announced its decision on Wednesday and added that thisContinue reading “How are Bitcoin miners weathering the current storm?”

The XRP community has been kept on its toes this year owing to a series of updates and developments in the ongoing case between the United States SEC and Ripple Labs. A few weeks ago, however, there was a new update after Ripple CTO David Schwartz revealed his “vision for Federated sidechains on the XRPContinue reading “Why is Ripple waiting on the XRP Ledger community’s ‘appetite?’”

The Bank of Israel embraced Ethereum’s blockchain technology for an internal pilot project to look into the digital shekel. According to Israel’s financial daily Globes, the IT team of the central bank has issued a token (based on the ETH’s blockchain technology) that represents digital shekels.  The bank has further set up digital wallets intoContinue reading “Israel central bank to use Ethereum’s blockchain tech for digital shekel”

China may no longer be the hub of Bitcoin’s mining activity it once was, as several bitcoin mining farms in the country were shut down by its government, in the last few months. As of yesterday, 26 mining farms in the Sichuan province lost power following orders from the local government to terminate their powerContinue reading “Why this is a ‘tremendously positive’ thing to have happened to Bitcoin”

The concept of a digital economy is no more novel. Even though there was evident reluctance during the initial days, people now have started welcoming the same with open arms. As a matter of fact, the digital economy of the United States has been growing at triple the pace of its own national GDP. TheContinue reading “Is the Digital Euro positioned to compete with Bitcoin and Stablecoins?”

The American House of Representatives recently passed legislation requiring publicly listed companies to disclose Environmental, Social and Governance (ESG) metrics. The bill was passed by a narrow vote of 215 to 214 and has now advanced to the Senate for consideration. What is sustainable finance? The bill defines “sustainable finance” as the ‘provision of finance withContinue reading “This will be another nudge for Bitcoin miners to use green energy”

“Drop down” seems like a trend for Bitcoin at the moment: From its price ‘dropping down’ over the past few days, with Social Sentiment was also seen dropping since May 19th. Now hashrate was also, well, ‘dropping down’. According to data from blockchain.com, the Bitcoin hashrate has dropped significantly over the past few days, recordingContinue reading “Bitcoin hashrate & miners: The good and bad you need to know”

‘Resist the urge to close down positions. If you have the emotional and financial resources, go the other way’… this is a trading mantra that’s echoed on several platforms for several assets. In bitcoin, ‘HODL’ has become the go-to phrase during every bitcoin correction. The primary bull case for bitcoin is based on the virtuesContinue reading “When is the right time to buy Bitcoin?”

Using ‘security and exposure to fraud’ as key arguments, this bank in the UK is now making it difficult for its customers to engage in crypto-related transactions. In what is the latest development, U.K.’s TSB bank is set to prohibit its customers from buying cryptocurrencies using funds managed by the bank.  TSB is reportedly concernedContinue reading “Why UK’s TSB plans to block customers from sending money to Binance and Kraken?”