Category: Bitcoin
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Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes
Shark Tank participant Kevin O’Leary, also known as Mr. Wonderful, predicts that bitcoin will increase in value once the Stablecoin Transparency Act is enacted, which could happen soon after the November midterm elections. Crypto cannot be stopped, O’Leary emphasized, adding: “You either join the wave or get lost.” ‘Regulations Come, Bitcoin Goes Up’ On…
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Pow.re, a bitcoin miner, starts building a mining facility in Paraguay and buys 3,600 Microbt ASICs
Pow.re Holdings Limited, a crypto mining company, claims that the company announced it had started building two new mining facilities in Asunción, Paraguay. The new data centers will control 12 MW of hydroelectric power, and the company has also purchased 3,600 Microbt Whatsminer mining rigs, which generate about 396 PH/s of hashrate each second. Pow.re…
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Billionaire Paul Tudor Jones anticipates the price of bitcoin to be “much higher” than it is now.
Cryptocurrencies, in particular bitcoin and ethereum, will be “at a value much higher than where we are today,” according to billionaire hedge fund manager Paul Tudor Jones. The renowned hedge fund manager revealed that he “always” has a small allocation of bitcoin in his portfolio, confirming that he still holds bitcoin. Famed Hedge Fund Manager…
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Kenyan Company Mining Bitcoin with Wasted Energy; Business Model May Aid in Decentralization
Gridless, a Kenyan bitcoin mining company, recently disclosed how it is assisting local communities in lowering electricity costs by mining bitcoin with surplus power. The Gridless mining model has received praise because it may contribute to the decentralization of bitcoin mining and the transfer of some hashpower to Africa. Using Wasted Energy to Mine Bitcoin…
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Block Times Indicate That Progress Toward Bitcoin’s Halving Is 60% Complete, and That a Halving Could Take Place Next Year
Progress toward the subsequent halving of the Bitcoin block reward has surpassed 60%, according to countdown statistics based on the typical block generation time of about ten minutes. Although the majority of halving countdown clocks use the ten-minute average, the countdown using the most recent block intervals, which are around 7:65 minutes, indicates that the…
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Researcher: After Ethereum’s “Merge,” Bitcoin’s price could drop.
Kyle McDonald told CoinDesk TV’s “First Mover” the Bitcoin network may be regulated away because of its energy consumption. Independent researcher Kyle McDonald believes that the Bitcoin network may be “regulated away,” which would lead to a collapse in the value of bitcoin. He advises selling bitcoin right away. The reason is that investors and…
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Official announcement: Indonesian Government to Open Crypto Exchange This Year
A high-ranking government official is said to have revealed that the Indonesian government plans to introduce a cryptocurrency exchange by the end of this year. He emphasized, “We will make sure that all requirements, practices, and necessary steps have been followed. By year’s end, the Indonesian government intends to open a cryptocurrency exchange, according to…
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To combat tax evasion, Colombia intends to introduce digital currency.
The Colombian government made plans to introduce a virtual currency public. This new currency would have several goals, including reducing tax evasion and improving the traceability of citizen transactions. Restrictions on cash payments and transactions worth more than 10 million Colombian pesos ($2,400) would also be included in the proposed measure. To better understand and…
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Nigeria is the most crypto-obsessed English-speaking nation worldwide, according to a study.
Following the April cryptocurrency market crash, a new study identified Nigeria as the nation with the greatest interest in cryptocurrencies. According to the same study’s findings, Kenya is the second-best-ranked African nation. The top-ranked nations appear more interested in buying the dip, which emphasizes “their long-term outlook for cryptocurrencies,” according to Bobby Ong, co-founder of…
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Governor of the Philippine Central Bank Justifies Crypto Policy: “I Don’t Want It Banned”
The governor of the Philippine central bank has disclosed his stance on regulating cryptocurrencies. He cautioned investors against investing in cryptocurrency with money they cannot afford to lose, saying, “I don’t want it banned. Felipe Medalla, the governor of the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, shared his policy on cryptocurrency in…