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Bitcoin (BTC) miners emit a lot of heat. Some miners use that heat to warm swimming pools, dehydrate meat to make beef jerky or even dry out timber at a Swedish hydropower Bitcoin farm. In Ireland, the “Bitcoin Farmer” joked that he hangs out laundry to dry in front of his
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First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power? Original Source
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After climbing promisingly earlier this week, equity markets returned to a more familiar slog with the Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.7, 1% and 1.1%, respectively. Investors will be eyeing Friday's U.S. unemployment and labor participation reports for September, although the former is widely expected
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Many crypto investors have sold their assets due to the ongoing market volatility. However, the effects of the crash are still reverberating across all the exchanges and crypto firms. Some lost liquidity and couldn’t sustain users’ demands, while others downsized their staff capacity. Some investors seized the chance to add to
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The price of bitcoin is dropping, bringing the entire crypto market down to earth. Will that put a damper on mainstream adoption? Original Source
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The leading cryptocurrency changed hands near $42,700 at press time, a gain of about 4% on the day. A drop to $41,000 after Powell's comments was short-lived, and the prices rose to $43,350 early today. Futures tied to the S&P 500 are pointing to a 0.32% gain. The index was
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Li’s 8.5% stake in Zoom (ZM) added $3.2 billion to the billionaire’s wealth yesterday following Zoom’s cataclysmic growth amid the pandemic.The early investment in Zoom Video Communications Inc (NASDAQ: ZM) by Hong Kong’s richest man, Li Ka-shing has managed to keep the billionaire businessman afloat amid business downturns caused by
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Bitcoin is currently trading above $10,000, but is the latest move into five figures here to stay? Data suggests this rally might have legs. The leading cryptocurrency has failed a number of times during the last 12 months to keep gains above the $10,000 mark. But this time may be different.
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Enterprise blockchain isn’t dead, but survival has meant more collaboration and some smart pivots. That was the prevailing sentiment in the enterprise-focused corners of this week’s Consensus: Distributed conference. Back in 2015, a large amount of hype was generated as whole industries, starting with finance, began espousing the technology behind bitcoin, which
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