Greenidge Bitcoin mining facility seeks license renewal in New York
Greenidge Generation has applied to the New York Department of Environmental Conservation (DEC) to renew its Title V permit which will allow it to legally mine Bitcoin at its facility in Dresden, New York. In 2016, the company’s Dresden operation, which mines about four Bitcoin per day, received its last Title V permit. Since then, […]
Chainalysis report shows that institutional investors dominated the DeFi scene in Q2
Retail actors alone do not dominate the decentralized finance (DeFi) system any longer, institutional investors are also delving into the market according to Chainalysis’ Q2 report. Institutional investors played a big influence in De adoption in Q2 2021, according to blockchain research firm Chainalysis. Chainalysis noted in its soon-to-be-released “Global DeFi Adoption Index” report: “Large […]
Ex-IMF economist leads Roxe’s Bitcoin-backed CBDC project
Roxe, a global payment network, has hired a seasoned economist from the International Monetary Fund (IMF) to oversee its CBDC initiative. Roxe stated Wednesday that Andreas Jobst, a veteran of the IMF, World Bank, and Bermuda Monetary Authority, has been named head currency economist. Jobst will be in charge of scaling Roxe’s CBDC Plus Program […]
Charles Hoskinson predicts more countries will adopt Bitcoin following El Salvador’s BTC adoption
According to Cardano founder Charles Hoskinson, the introduction of Bitcoin in El Salvador is a significant victory for the cryptocurrency industry. The historic introduction of Bitcoin (BTC) as legal cash in El Salvador on Tuesday has prompted Cardano founder Charles Hoskinson to predict that many more countries will follow in the Latin American nation’s footsteps […]
Standard Chartered research shows Bitcoin price will hit $100K in 2021 or early 2022
Experts agree that a Bitcoin price of $100,000 by the end of the year would cause Ether’s price to rise by orders of magnitude in the same period. Industry analysts are describing Tuesday’s crypto market collapse as a “false dip,” while predicting that Bitcoin (BTC) will reach $100,000 by the end of the calendar year. […]