The United States is now the epicenter for Bitcoin Mining, accounting for 35.4% of the global hash rate at the end of July 2021.
The opportunity to make big money is attracting huge investments to industrial-scale bitcoin mining, with thousands of supercomputer mining machines and enormous energy demand.
Several key COVID-era unemployment programs are ending, cutting federal aid to an estimated 7.5 million Americans. The idea behind the benefits was to help Americans who lost their jobs during the pandemic and included a $300/week federal payment. Sign up for our Newsletters Also ending: Pandemic Emergency Unemployment Compensation which provided financial relief to those who already exhausted their state’s unemployment benefits. Mixed Earners…
Bloomberg Intelligence senior commodity strategist Mike McGlone has affirmed his bitcoin price prediction of $100K, seeing $5K for ethereum as the path of least resistance. He expects the crypto market to thrive in a “refreshed bull market.”
Coinfloor CEO and Co-Founder Obi Nwosu said in a recent interview that much of Bitcoin’s volatility is due to the statements by self-styled crypto ‘gurus’.
The US SEC chair Gary Gensler is increasing efforts to ensure that the regulatory agency has the authority to regulate cryptocurrency exchanges. Gensler wants SEC to regulate crypto exchanges The chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, has sent a letter to the US Congress seeking additional authority to regulate […] More
Online brokerages are now offering cryptocurrency products for investors in Singapore. Find out what’s the difference between trading on an…