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.
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.”
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
Bitcoin news: BTC saw the largest outflow of funds in one day from crypto exchanges. Nearly 57,000 bitcoins were left crypto exchanges.
The tool, which will undergo pilot testing with select dealerships in the fall, will formally launch in 2022.