Category: Cryptocurrency

Bitcoin mining in the world already consumes more energy than countries like Argentina, the Netherlands and the United Arab Emirates, according to an analysis by researchers at Cambridge University, in England. According to the report, cryptocurrency mining demands a lot of energy from computers, as extremely sophisticated calculations are required to verify and authorize all… Continue reading Global bitcoin mining already consumes more energy than major countries

Considered as a second-tier solution for the Ethereum network, Polygon coin (MATIC) grows 12,000% per year and approaches the top 10 largest cryptocurrencies in the world. Polygon (MATIC): The Second-Layer Solution for the Ethereum Network Launched in 2017 as Rede Matic, Polygon is a tier 2 platform built on the Ethereum blockchain that is intended… Continue reading Polygon coin approaches top 10 biggest cryptocurrencies in the world

After the two difficult meetings of the European Central Bank (ECB) last week, the ECB will meet next Thursday. However, the bank is expected to continue its easing trend after allowing inflation to rise at its strategy meeting two weeks ago to keep the EUR lower. ECB Director Christine Lagarde is expected to provide details… Continue reading The Central Bank of Europe will take moderate steps to keep the euro low at its next meeting, says senior analyst at PrimeXBT

James Howells, an IT worker and early adopter of Bitcoin from Newport, became famous in 2013 when he threw away a hard drive (HD) that contained 7,500 bitcoins and was then worth around 7.5 million dollars . Since then, the fortune has multiplied and, after several attempts to find the equipment, the Briton now has… Continue reading Brit who lost hard drive with $250 million in Bitcoin has new search plan

Grayscale teams up with BNY Mellon to convert their largest fund into a bitcoin ETF. Grayscale, the largest custodian of cryptocurrencies in the world, with more than 30 billion dollars in digital assets under its management, announced this Tuesday, 13, a partnership with the oldest US bank, BNY Mellon, for the administration from its flagship… Continue reading Grayscale Bitcoin Fund Advances ETF Plans with New Partner

Bitcoin price has certainly been stuck for a while now. News from China and continuation of its government’s FUD saw the price drop to about half of its all-time high. There’s still good news out there, but it’s not having the same appeal. However, with another bout of bad news seemingly on the way for… Continue reading GBTC unlocking is unlikely to be an event for BTC price, says Kim Chua, PrimeXBT analyst

Money laundering is a practice used to disguise the origin of illegally obtained money. It consists of schemes to make it appear that resources obtained through illegal means have been obtained in legal ways. Money laundering is carried out for the reason that money obtained illegally, such as through theft, corruption or drug trafficking, cannot… Continue reading Hong Kong dismantles money laundering network with cryptocurrencies

China declared war on bitcoin miners. Since March, at least five provinces in the Asian country have determined the closure of companies in the sector. The last was Sichuan, which in one shot brought down 26 farms. Yunnan Province’s Department of Energy confirmed on Saturday, June 12, that by the end of June all illegal… Continue reading China declares war on Bitcoin miners and impacts the market

Celebrity couple Tom Brady and Gisele Bündchen have acquired an equity stake in cryptocurrency company FTX as part of a long-term partnership, in the duo’s newest foray into the world of digital assets. Tom Brady and Gisele Bündchen invest in crypto The news was broken by the FTX official Twitter account, which announced the partnership… Continue reading Tom Brady and Gisele Bündchen are now investing in cryptocurrencies

Recently, the cryptocurrency market has grown a lot, attracting investors and millennials. However, China’s cryptocurrency restriction policy has impacted the value of many of them, such as Bitcoin and Ethereum. Moving against the decline of other cryptocurrencies, Polygon (MATIC) has been attracting investor’s attention as its volatility has not been strongly impacted. But is this cryptocurrency… Continue reading Polygon (MATIC): Is this cryptocurrency a good investment?