Bitcoin Mining Surges In Argentina

Bitcoin miners in Argentina are taking advantage of the country’s shrinking economy and its debased currency to harvest oversized returns, powered by cheap, government-subsidized energy, Bloomberg reported. “Even after Bitcoin’s price correction, the cost of electricity for anyone mining from their house is still a fraction of the total revenue generated,” Nicolas Bourbon, who has experience mining bitcoin from Buenos Aires, told Bloomberg. Miners are capitalizing on Argentina’s cheap residential electricity due to intense government subsidies that seek to win Read more …

Five Signs That The Bitcoin Bottom Is In

Bitcoin price was slashed in half during the month of May, leaving today as the last day for bulls to make a stand and undo the worst monthly on record. Even if the blood stain is left behind on the price chart for good, that doesn’t mean bulls still can’t pull off an upset and push prices higher. Here are five signs that Bitcoin price has bottomed out, or will be soon. The Signals Showing The Bitcoin Bottom Is Near Read more …

India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It – Regulation Bitcoin News

Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when dealing with cryptocurrency. RBI Tells Banks to Stop Quoting Its ‘No Longer Valid’ Circular on Cryptocurrency India’s central bank, the Reserve Bank of India (RBI), issued a notice on Monday Read more …

Bitcoin Dev Calvin Kim Awarded $150,000

Bitcoin exchange and derivatives platform BitMEX has announced that it has renewed a developer grant awarded to Calvin Kim until June 2022, giving him an additional $100,000 one-year grant. BitMEX awarded Kim a $30,000 grant in August 2020. The announcement also indicated that the Human Rights Foundation (HRF) is granting Kim an additional $50,000 in bitcoin. Kim was focused on prototyping an Utreexo Bitcoin full node, which can help users conduct the Initial Block Download 62% faster than through Bitcoin Read more …

Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit – Regulation Bitcoin News

The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation. Japan’s FSA Warns Bybit Fintech Limited Japan’s top regulator that handles banking, securities and exchange, and insurance sectors within the economy has recently issued a warning to Bybit Fintech Limited. Bybit is a crypto Read more …

Bitcoin.com Wallet Adds ETH – Promoted Bitcoin News

The Bitcoin.com team is excited to announce integration of Ethereum into the Bitcoin.com Wallet. That means anyone can now buy, receive, store, trade, and send ether (ETH) with the convenience and security of the industry’s most user-friendly, non-custodial wallet. How It Works When you open the Bitcoin.com Wallet, you’ll now see the Ethereum section in your home screen. Tapping the “BUY” button will prompt you to enter a purchase amount. If you’ve already set up your payment method, your purchase Read more …

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment – Mining Bitcoin News

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn More Brazilians to Cryptocurrency Mining The ongoing coronavirus pandemic has taken a heavy toll on Brazil and the country ranks among the hardest hit, with Read more …

Ripple Surges 15% Following News That It Wants To Go Public

Ripple CEO Brad Garlinghouse says that the San Francisco-based payments startup intends to go public once its legal battle with the U.S. Securities and Exchange Commission (SEC) is settled. XRP To Go Public In an interview during the Consensus 2021 event, Garlinghouse commends Coinbase following the crypto exchange’s debut on the Nasdaq in April. Despite the fact that the general crypto market appears to be in decline, Ripple’s native cryptocurrency, XRP, has risen 14.88% to $1. XRP is now trading at Read more …

Exclusive Interview of RedFOX Labs CEO: RFOX On Course to Overtake USDT on the ETH-BSC Bridge

Since the dawn of digitization, the world has seen a burgeoning of new digital economies and alongside, new value creation. RedFOX Labs is a venture builder that identifies and builds successful business models in the new digital economies for Southeast Asian markets.  We speak to Ben Fairbank, CEO and Co-Founder, who gives more insight into how RedFOX Labs leverages emerging technologies to navigate these new digital frontiers. You want the latest news about Crypto? Sign up to our weekly Newsletter! Read more …

Cardano Boss Says Good Riddance To Dying Banking System

Cardano Founder Charles Hoskinson shared his damning thoughts on the legacy financial system, concluding that cryptocurrency will take over because it offers a better way. The Banking System Brought This On Itself Much is said about the enmity between cryptocurrency and banking. While the banking system towers above cryptocurrency in terms of both capitalization and the number of users, Hoskinson believes this is a situation that will change. “You can’t go back; you can’t change that. You can’t put that Read more …

South Korean Financial Supervisory Service Tasked With Crypto Market Oversight – Regulation Bitcoin News

The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea It took the government months to determine who’s going to take charge of crypto market oversight, the Korean Herald noted in an article published this weekend. The executive power in Seoul Read more …

OKEx Team Comes Together to Answer Few Questions About Crypto Market

As the crypto market continues to ride rough waves, we at NewsBTC decided to throw some questions at OKEx’ team to get a better understanding of how they view these developments and the impact on their own operations. In a first, the OKEx team got together to paint a clear picture by providing detailed, in-depth responses to our questions. The representatives who participated in the interview include Robbie Liu – Market Analyst at OKEx, Hunain Naseer – Senior Editor at Read more …