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Crypto News

Iris Energy Secures 600MW Connection for Texas Bitcoin Mine

Australian crypto miner Iris Energy (IREN) secured a 600-megawatt connection for a new Texas crypto mining facility, the company said on Friday. The company said in a filing with the U.S. Securities and Exchange Commission (SEC) that it has executed a binding connection agreement with utility provider AEP Texas. Iris Energy paid $19 million for […]

Crypto News

Bitcoin Mining Difficulty Sets New All-Time High

Mining difficulty on the Bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21, at 3:07 UTC, beating the previous record set on May 13, 2021. The difficulty is automatically adjusted based the amount of computational power on the network, or hashrate, to keep the time it takes to […]

Crypto News

First Mover Asia: Bitcoin, Altcoins Rise and Then Sink

Good morning. Here’s what’s happening: Market moves: The largest cryptocurrency by market capitalization falls under $41,000; ether and other major altcoins also drop. Technician’s take: Oversold conditions are attracting short-term bitcoin buyers. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $40,882 -2.2% Ether (ETH): […]

Crypto News

Bitcoin Rises Despite Russia’s Proposed Crypto Ban

On Thursday, Russia’s central bank suggested that lawmakers need to implement regulations to effectively ban domestic crypto-related activities. The bank made it clear, however, that is not suggesting banning ownership of crypto by private citizens. Instead, the proposal targets Russian institutional investors, financial infrastructure providers and other organizations that could facilitate crypto transactions.

Crypto News

Is Russia Trying to Ban Bitcoin?

This episode is sponsored by Nexo, Abra and FTX US. Download this episode NLW covers stories that show the full breadth of the crypto industry in 2022. In the first, he looks at a new report from the Russian central bank advocating a near-total ban on bitcoin and crypto in the country, along with new […]

Crypto News

Bitcoin Returns Above $43K; Resistance Near $45K-$48K

Bitcoin (BTC) buyers are attempting to reverse a short-term downtrend on the charts. Over the past two weeks, price action has been anchored around the $40,000 support level, which is where buyers previously stepped in ahead of the October price rally. Still, the cryptocurrency could face resistance around $45,000-$48,000 as intraday signals approach overbought territory. […]

Crypto News

Bitcoin Slides Under $42K; Altcoins Fall

Bitcoin continued to slide, falling under $42,000. The largest cryptocurrency by market capitalization has been languishing well off last week’s high as investors worry about dicey macroeconomic conditions, including supply chain issues, the ongoing coronavirus pandemic, rising inflation and a slump in technology markets.

Crypto News

Bitcoin Stabilizes; Analysts See Relative Value in Altcoins

“Despite major developments in the bitcoin market, the current market narratives continue to lean towards emerging developments outside Ethereum and Bitcoin, namely Ethereum competitors, scaling solutions and OpenSea alternatives,” 21Shares, a crypto investment firm, wrote in a report.