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“# US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain ” Gryphon Digital Mining has signed a purchase agreement with Bitcoin (BTC) mining equipment maker Bitmain to purchase 7,200 Antminer S19J Pro mining rigs. According to a release issued on Thursday, the entire outlay for the mining inventory amounts to about $48 million. Starting in…
“# Israeli defense minister authorizes seizure of Hamas-tied crypto accounts ” Israeli defense minister Benny Ganz has signed an order authorizing security forces to seize cryptocurrency accounts believed to be tied to the militant wing of Hamas, the de facto ruling authority of the Gaza Strip in Palestine. Ganz has said that a joint security…
“# Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K ” Bitcoin (BTC) stayed below the $33,000 mark on July 9 with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price flips $33,000 support Data from Cointelegraph Markets Pro…
“# Survey finds most El Salvador citizens are skeptical of making BTC legal tender ” According to a newly released survey, up to three-quarters of Salvadorans are skeptical over President Nayib Bukele’s Bitcoin adoption plans. The survey, which polled 1,233 people across El Salvador between July 1 and 4, revealed that only 20% approved of…
“# Shanghai Man: Central bank speaks out, BTC searches down and HK fund backs Animoca ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China crackdown: Week 7 The summer of…
“# Is Bitcoin overbought or oversold? Use Bollinger Bands to find out! ” Trading is neither an exact science nor art. It is a mixture of both. There are scores of publicly available indicators and each claims to be the best. However, none of them are perfect or designed to be used in isolation. One…
“# Bitcoin electricity consumption falls to November 2020 levels: Data ” Bitcoin’s total estimated annual electricity consumption has plummeted nearly 60%, falling from the all-time peak above 143 terawatt-hours (TWh) in May to as low as 62 TWh in early July, according to data from Cambridge Bitcoin Electricity Consumption Index (CBECI). This is the lowest…
“# Bitcoin price at risk of $30K retest following bearish triangle breakdown ” Bitcoin’s (BTC) price looks poised to retest $30,000 as traders continued to pull back from upside bets on a spell of a bearish technical pattern. Dubbed as a Symmetrical Triangle, the structure forms when an asset fluctuates between two converging trendlines. In…
“# Crypto usage in Turkey jumped by elevenfold in a year, new survey shows ” Turkey’s crypto userbase grew more than 11 times over the last year, a new survey from Turkish crypto exchange Paribu shows. The “Cryptocurrency Awareness and Perception Survey 2021” was conducted by Akademetre Research, revealing the perceptions and behaviors of Turkish…
“# Sen. Warren queries SEC chair on lack of crypto investor protection ” Democratic Senator and former U.S. presidential aspirant Elizabeth Warren has once again raised alarms about the current regulatory climate for crypto in the country. According to Reuters, Senator Warren has written to Gary Gensler, chairman of the U.S. Securities and Exchange Commission…