Monthly Archives: February 2021

Bitcoin-Based Lending And Savings Platform Ledn Raises $2.7 Million

This morning, Toronto-based bitcoin lending and saving company Ledn announced a $2.7 million financing round led by White Star’s Digital Asset Fund, with participation from Darrow Holdings, Coinbase Ventures, Global Founders Capital, CMT Digital and Kingsway.  The Toronto-based company serves clients in over 100 countries by offering interest-paying savings accounts for bitcoin and USDC, as well as bitcoin-backed loans that provide borrowers with access to fiat or the opportunity to buy more bitcoin. In a release shared with Bitcoin Magazine, Ledn said it will use the proceeds […]

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China releases final anti-monopoly rules targeting major tech and payments firms

China’s market regulator finalizes rules that have been three months in the making. China has finalized new guidelines to aid in antitrust battle against tech giants.  On Feb. 7, the State Administration for Market Regulation released finalized rules for its anti-monopoly push against e-commerce and payments giants like Alibaba, Ant Group and Tencent. The guidance specifically addresses “operators that provide business premises, transaction matching, information exchange and other Internet platform services.” It builds on a host of recent efforts by both the SAMR and the People’s Bank of […]

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Chinese GPU miners reportedly bulk buying Nvidia laptops to mine Ether

Chinese GPU miners are apparently buying up Nvidia’s new GeForce RTX 30 laptops to set up ETH mining farms. Chinese cryptocurrency miners are reportedly buying Nvidia’s new laptops to mine Ether (ETH) amid the altcoin hitting new all-time highs. Nvidia’s latest GeForce RTX 30 laptops have become increasingly popular in China as a tool for mining cryptocurrency, according to several sources. On Feb. 6, a Weibo user known as BTCer posted a bunch of images showing off GeForce RTX 30 series gaming laptops making up a solid crypto […]

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Bitcoin Price Surpasses $44k Handle, ETH Futures Launch, Tesla’s Balance Sheet BTC Praised

The price of bitcoin touched a new all-time high on Monday after the community discovered that Elon Musk’s firm Tesla added $1.5 billion worth of bitcoin to the company’s balance sheet. At press time, bitcoin is meandering over the $43k handle and has an overall market capitalization of around $814 billion today. Crypto Markets Rise in Value Bitcoin (BTC) shot up by thousands of dollars on Monday after the news about Tesla’s bitcoin made headlines and went viral on social media. The price per BTC hit a […]

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Cointelegraph Consulting: Gauging the impact of ETH shortages on exchanges

On-chain data shows that ETH is quickly vanishing from exchanges. Cointelegraph Consulting explores the causes and impact of this trend. Many researchers and influencers have pointed this out as a bullish sign that illustrates increasing demand for the native token that powers many popular DeFi apps. Others look at this as more of a critical flaw that could make the asset harder to acquire and trade as it becomes progressively more embedded in locked smart contracts and applications. Last spring, the percent of Ether (ETH) supply on […]

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Tesla allocates 7.7% of gross cash to Bitcoin

Breaking down Tesla’s Bitcoin purchase reveals the emergence of a new corporate whale. Tesla (TSLA) sent shockwaves across the financial markets Monday after a United States Securities and Exchange Commission filing confirmed that the electric vehicle maker has added Bitcoin (BTC) to its balance sheet. Tesla’s latest Form 10-K filing for the fiscal year ended Dec. 31, 2020 shows a $1.5 billion allocation to Bitcoin. As Bitwise researcher David Lawant points out, Tesla’s BItcoin exposure represents roughly 7.7% of its gross cash position. According to the most […]

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Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High

The Cardano network token has toppled Dot to become the crypto-asset with the fourth-highest market capitalization. This new Cardano position comes after its price surged by more than 85% from $0.35 on February 1 to $0.68 on February 7. With the new price, the token’s market capitalization has now moved from $11 billion to the $21.8 billion mark. Four Ranked Tokens As a result, the open-source blockchain’s ADA token has now become the third crypto to be ranked at number four within the first few weeks of […]

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Updated “Zombie Mode” for AMD Radeon RX 470/570 and RX 480/580 4GB GPUs for Ethereum Mining

The “Zombie Mode” for mining Ethereum on 4GB AMD Radeon RX 470/480 and RX 570/580 GPUs had them brought back from the dead (hence the name) after the DAG size has reached the capacity of their video memory. Using it you can still not only mine ETH, but still make a nice profit doing so, even with the reduced hashrate you are getting. Even though the 4GB cards can still work their hashrate and profitability will continue to drop down with each new DAG epoch (current DAG […]

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Chinese Mining Pool Poolin Acquires North American Competitor NovaBlock

China-based mining pool Poolin, which contributes the second-largest amount of hash rate of any single entity on the Bitcoin network, has acquired NovaBlock, a North American pool with offices in St. Jose, California and Calgary, Canada. The takeover will net Poolin an additional 1,681.83  petahashes per second (PH/s) in mining capacity, per data from BTC.com, further increasing its hash power dominance. In a recent announcement, NovaBlock, which launched in 2019, outlined the planned hash migration, which will take place today. According to BTC.com, Poolin manages a hash […]

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The Legacy Of Bitcoin Casinos Grows With The Technology

This is a promoted article provided by 1xBit. Online gambling has been a use case for bitcoin and other cryptocurrencies for almost as long as the technology itself has existed. And as Bitcoin grows as a network, and more people around the world adopt bitcoin, it’s clear that the online casinos that embrace BTC-based gambling will continue to grow as well. There are many reasons why bitcoin-accepting and -rewarding casinos are on the rise. To provide a clearer sense of how this use case embodies the spirit […]

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