Category Archives: Crypto Daily

Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million

The Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9’s binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin hashpower. On April 9, the publicly-listed gaming and internet company The9 Limited (Nasdaq: NCTY) revealed the firm’s intentions to acquire 2,000 bitcoin (BTC) miners. The new miners will give the company a total hashrate of approximately 100 PH/s or 0.1 exahash (EH/s) […]

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Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin

The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, Former Texas Governor Rick Perry Welcomes the Mining Company On April 9, 2021, the firm Blockcap announced that it was establishing headquarters in Austin Texas, and the company will join a number […]

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English Football Club Signs Sponsorship Deal That Includes Option of Being Paid Bonuses in Bitcoin

Southampton Football Club, a soccer team currently ranked 13th in England’s Premier League, recently signed a new sponsorship deal that includes an option for the club to be paid certain performance-based bonuses in bitcoin. The deal also extends the club’s partnership with the Coingaming Group as Main Club Partner for a further three years. Also, as part of the new agreement, Coingaming Group’s brand, Sportsbet.io will continue as the club’s front-of-shirt sponsor. In a statement issued on April 8, the club explains the rationale behind the decision […]

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Omni.ai Releases Whitepaper for Alternative All-Inclusive and Revenue-Sharing Social Media Platform

PRESS RELEASE. 9th April 2021, Delaware, United States – Social media has reshaped the digital landscape, yet people worldwide feel more disconnected than ever. The big giants have all innovated successfully, but constant monetisation efforts for the sake of corporate profit have done away with interpersonal connections, and have therefore transformed the user into the product. Omni are taking this concept and making it a thing of the past by creating a true alternative to today’s social media platforms. Omni will introduce a holistic, user-focused ecosystem that […]

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Scaling Bitcoin With The Erlay Protocol

In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed the Erlay protocol, scaling Bitcoin and Minisketch. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed the Erlay protocol. Erlay is a proposal to reduce the bandwidth required to run a Bitcoin node, which has been proposed and developed by University of British Columbia researchers Gleb Naumenko, Alexandra Fedorova and Ivan Beschastnikh; Blockstream engineer Pieter […]

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Piper Sandler Survey Shows 9% of American Teens Have Traded Cryptocurrency

The American independent investment bank and financial services company, Piper Sandler has published its latest “Taking Stock With Teens” survey which notes that 9% of U.S. teenagers have traded cryptocurrencies. 7,000 teenagers were polled and roughly 81% of those who have traded digital currencies were male. 9% of American Teens Claim to Have Traded Crypto Assets, But Cash Is Still King Among US Teenagers Piper Sandler Companies has published a new study that surveyed 7,000 American teenagers. According to the findings as far as payments are concerned […]

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Bitcoin Surge Has Kraken Considering Direct Listing

Cryptocurrency exchange Kraken is reportedly considering following in Coinbase’s footsteps and conducting a direct public listing. In a move that would significantly cement the position of bitcoin and cryptocurrency exchanges as major businesses, Kraken, a prominent U.S.-based exchange, is reportedly considering going public next year via direct listing, according to CNBC. The report cited “record trading volumes and new clients amid a surge in the price of bitcoin” as motivation for the potential listing by Kraken, and it’s likely that the success of Coinbase’s direct listing is […]

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Robinhood Saw Cryptocurrency Trading Spike To 9.5 Million Customers In Q1

Robinhood announced major growth in the number of customers making cryptocurrency trades — up to 9.5 million in the first quarter of 2021. Financial services company Robinhood has announced that in the first quarter of the year, the number of its customers who traded cryptocurrency spiked to an all-time high of 9.5 million, up from 1.7 million in the fourth quarter of 2020. The increase is an indication that the hype around cryptocurrency, particularly bitcoin, is driving significant growth in retail investment. Robinhood offers bitcoin, dogecoin, ether […]

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The Art Of The HODL

The HODL meme transcends digital jokery and insulates Bitcoiners through the power of community belief. HODL /ho-dl/ (verb) 1. To hold onto something [bitcoin] tightly with no intention of letting it go 2. To hold on for dear life Origin: Misspelling of the word hold on a 2013 bitcointalk.org post Like many great memes, HODL was immaculately conceived. It was not engineered, brainstormed, or planned. It sprung suddenly into existence on December 18th, 2013. In a span of 24 hours, the price of bitcoin had fallen 39%, […]

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Chinese Tech Firm Meitu Buys 175 Bitcoin, Treasury Now Holds $100 Million Worth in BTC and ETH

The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum and bitcoin. Meitu Stacks Another 175 Bitcoin, $100 Million in Crypto Recorded on its Balance Sheet Meitu has revealed another cryptocurrency purchase after it announced two purchases last month. According to the announcement, on April 8, 2021, Meitu HK which is listed […]

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