Monthly Archives: June 2021

Bitcoin miners can prove green potential by undergoing ESG ratings check

Bitcoin miners may opt for ESG ratings to prove “greenness” as environmental concerns loom over the entire crypto industry. Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in May saying that his company would no longer accept Bitcoin payments due to the network’s “increasingly rapid use of fossil fuels.” Since then, a number of […]

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Genesis Digital Assets Buys 10,000 Bitcoin Mining Rigs From Canaan

Bitcoin mining firm Genesis Digital Assets has bought 10,000 bitcoin mining rigs from Canaan, advancing a partnership that started in April. Bitcoin miner manufacturer Canaan announced that it has secured a purchase order for 10,000 of its A1246 and A1166Pro machines from industrial-scale bitcoin mining firm Genesis Digital Assets. The order, which is set to be delivered in full by June 30, 2021, marks an advancement of the companies’ strategic partnership first fostered in April. The release did not clarify how much Genesis paid for the rigs […]

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Bitcoin Optech #153: Locking In Taproot

This week’s newsletter celebrates the lock-in of Taproot, describes a draft BIP for improving transaction privacy and more. The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we’re republishing the latest issue of this newsletter below. Remember to subscribe to receive this content straight to your inbox. This week’s newsletter celebrates the lock-in of the taproot soft fork, describes a draft […]

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Estonian IT company inks $26M crypto mining deal with Bitmain

Burfa intends to purchase new cryptocurrency mining equipment from Bitmain to boost its data-center capacity. Estonian technology conglomerate Burfa is turning to Bitmain to supply key cryptocurrency mining infrastructure to its Narva-based data center, offering a glimpse into the arms race underway for high-performance computing resources.  The $26 million agreement will allow Burfa to double its data-center capacity and secure a steady supply of processing equipment over the coming months. The industrial sector is facing an acute shortage of specialized GPUs and SSDs as more of these […]

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Bank of England Boss Pledges ‘Tough Love’ in Cryptocurrency Regulation

Bank of England Governor Andrew Bailey says there will be an element of “tough love” in regulating cryptocurrency. “What we cannot have is a world where innovation gets a free pass to ignore the public interest. The odds of such an approach not ending well are too high,” the governor said. Bank of England’s Bailey Wants to Regulate Crypto With ‘Tough Love’ Bank of England Governor Andrew Bailey talked about cryptocurrency regulation Monday at the annual conference of financial trade body The City UK. He was quoted […]

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Bullish all the way? MicroStrategy doubles down on its Bitcoin bet

MicroStrategy’s latest bond offering seeks to deliver a yield of 6.25%–6.5% — significantly higher than an average junk bond yield of 4.01%. There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking the total capitalization from its all-time high of $2.5 trillion to around $1.7 trillion.  As was expected, in the wake of all this turbulence, Michael Saylor-led business intelligence firm MicroStrategy announced that it was all set to “buy the dip” […]

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Swiss Bitcoin Investment App Relai Raises $2.7 Million

Switzerland-based bitcoin investment app Relai raised more than $2.7 million in a series A round and now seeks to build a proprietary broker. Relai, a Switzerland-based app designed to make bitcoin investing simple in Europe, has announced a raise of 2.5 million Swiss francs (roughly $2.778 million) in series A funding led by Swiss venture capital firm Redalpine. “The capital injection will be used to build the leading bitcoin broker in Europe and obtain a financial intermediary license,” according to a Relai press release shared with Bitcoin […]

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MicroStrategy Is Writing The Corporate Bitcoin Accumulation Playbook

An excerpt from Bitcoin Magazine’s Deep Dive: Michael Saylor’s MicroStrategy continues to lead the corporate world in BTC accumulation. The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. MicroStrategy has been highlighted quite often in the Daily Dive recently, but the company’s announcement of a $1 billion equity offering that is able to be issued at the […]

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Crypto and ‘meme stocks’ shunned by 90% of UK financial advisers

A recent Opinium poll has shown that a majority of British financial adviser respondents are not advocates of crypto investing for their clients. More than 90% of 200 independent financial advisers (IFA) in the United Kingdom who participated in a recent poll by research agency Opinium indicated negative cryptocurrency sentiments, with over one-third reporting an increase in cryptocurrency-related inquires from clients since the start of the year. Quoting figures from the poll, Reuters reported on Wednesday that 93% of surveyed IFAs would not recommend crypto investment vehicles […]

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Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting

Analysts anticipate Bitcoin to continue its recovery rally above $40,000 on increasing anti-inflation bets. But a looming death cross could spoil the upside outlook. Bitcoin (BTC) wobbled around $40,000 as investors waited for the Federal Reserve to release its new set of economic projections on Wednesday. The market’s focus shifted on two important questions: will the United States’ central bank officials signal their intentions to raise interest rates in 2023, instead of 2024? And how much inflation they think would rise in the remainder of 2021 and […]

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