Bitcoin Mining Facility With Room for 50,000 Rigs Set to Launch in Kazakhstan
The 180 megawatt facility that will be able to host 50,000 bitcoin mining rigs is set to launch sometime in early September. Source
Read More
Set
Electric Vehicle Manufacturer Li Auto Set to Raise Up to $950 Million in IPO
Li Auto, a Chinese electric car manufacturing company, is going to raise up to $950 million in an IPO. The funds will be allocated for the company’s research.Despite the growing U.S.-China economic war fueling tensions between the two countries, some companies are defying the situation to tighten their business grip.
Read More
Ethereum Racks Up Serious Numbers to Set Benchmarks
Ethereum’s dominance as the preeminent smart contract blockchain platform has been boosted by the popularity of decentralized finance and decentralized applications tokens in 2020, with ERC-20 tokens now accounting for nearly half of the assets on the blockchain.The smart contract platform has been in existence for just under five years
Read More
Why Traders Don’t Think Chainlink (LINK) Will Set Fresh Highs Anytime Soon
Following the parabolic rally that Chainlink saw just a couple of weeks ago, the cryptocurrency has been struggling
Read More
Ethereum Bull Flag Breakout Could Set Price En Route to $350; Here’s Why
Ethereum broke out of its sideways range on July 21, eventually establishing a quarter-to-date high at $280.76. The breakout
Read More
Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value
The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows that tether’s daily transaction
Read More
Ethereum 2.0 Final Testnet Set to Launch on August 4
The long awaited Ethereum 2.0 network upgrade has taken one step closer to launch with a preliminary date announced for the final planned public testnet. The platform’s launch coordinator, Danny Ryan (@djrtwo) shared the news on the testnet’s discussion board on Discord. “After discussions with client teams, the next multi-client testnet (mainnet
Read More
Bitbns (BNS) Token Sale on KuCoin Spotlight Set for July 30
KuCoin, IDG-backed cryptocurrency exchange has recently announced this year’s second project on its Spotlight program. The latest project to conduct a token sale through the program will be Bitbns, an Indian crypto exchange whose BNS tokens will be available starting July 30, 2020. BNS is a multi-protocol native utility token on
Read More
Japanese Government Set to Include CBDC in Official Economic Plan
The Japanese government is expected to include consideration of a central bank digital currency (CBDC) in its official economic plan. The news comes 10 days after the Bank of Japan’s announcement that it will start experimenting with the digital yen to check its feasibility from a technical perspective.According to Nikkei,
Read More
Bitcoin Set Another “Lower High” as Analysts Eye a Sub-$9,000 Move
Bitcoin faced a grim rejection at $9,500 earlier this week that has caused its price to flash some notable signs of weakness.This rejection has now caused the crypto to set another “lower high” – further bolstering the bear case and causing BTC to be prone to seeing further near-term downside.One
Read More