CleanSpark Buys New Machines On Huge Discount
The company has been taking advantage of opportunities to expand in the bear market. CleanSpark (CLSK), a Bitcoin (BTC) miner, bought 10,000 new Bitmain Antminer S19j Pros for $28 million after credits and discounts. This is a big discount from the price listed by the manufacturer. A press release on Wednesday said that the mining […]
Bitcoin Futures Market Is Now Bigger Than Ever
The number of Bitcoin Futures and perpetual contracts on bitcoin is at an all-time high, and traders are paying more to bet on more price drops in a bearish market. The Bitcoin Futures market is now bigger than ever, and investors seem to be putting more money on the price going down. According to Arcane […]
Michael Barr US Fed vice chair advocates a harsh position on crypto; OCC acting chief is no kinder
Michael Barr, a former Ripple Labs consultant, in his first address as a Fed official, seems to have a somewhat less positive view of cryptocurrencies than he had in the private sector On September 7, two financial representatives of the US government gave speeches outlining their views on cryptocurrency legislation. They both have misgivings about […]
Wall Street bets on a big rate hike, crypto traders short bitcoin.
Some central bank officials want to see “several months” of low inflation to gain confidence On Wednesday, a number of Federal Reserve members gave indications that the U.S. central bank will keep raising interest rates unless there are definite indicators that inflation is slowing for several months. This week, Bitcoin (BTC) has had a difficult […]
ASA cites 2 reality stars for crypto adverts on Instagram stories
ASA stated the Gale twins couldn’t publish crypto ads “in the form complained about” again, but didn’t ban them from promoting digital assets in future ads. ASA the independent advertising regulator of the United Kingdom upheld a complaint against former Love Island contestants Eve and Jessica Gale for trivializing cryptocurrency investment. In a notice published […]