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China Regains the Title of the 2nd Top Bitcoin Mining Hub
You are here: Home / News / Bitcoin News / China Regains the Title of the 2nd Top Bitcoin Mining Hub May 18, 2022 by Vignesh Karunanidhi According to recent research, China failed to implement its cryptocurrency prohibition last year, and the country has since resurfaced as one of the world’s main Bitcoin (BTC) mining hubs. China became the second-largest Bitcoin hash rate supplier in January 2022, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI), months after local officials banned all crypto operations in the country. According to data, Chinese bitcoin miners generated 21.1 percent of the entire global […]
El Salvador’s crypto-loving president is hosting the Davos for Bitcoin with more than 40 countries represented
Bitcoin Davos for Bitcoin hosted by El Salvador’s president kicks off with more than 40 countries attending | Fortune You need to enable JavaScript to view this site. Read More
CEO of cryptocurrency exchange FTX believes that Bitcoin has no future as a payments network
TL;DR: Sam Bankman-Fried said that he doesn’t believe Bitcoin can work as a payments network, criticizing the high energy costs of its proof-of-work algorithm and claiming it can’t sustain millions of transactions per second. He does, however, think that it has potential as a store of value. In a Monday interview, crypto billionaire Sam Bankman-Fried said that he doesn’t see a future for Bitcoin as a payments network. Bankman-Fried is the founder and CEO of FTX, one of the most popular cryptocurrency exchanges in the world. The thirty-year-old billionaire criticized Bitcoin’s underlying proof-of-work system, used to verify transactions, for its […]
Goldman Sachs, Barclays Bank invest in London Based Bitcoin and Crypto Trading Platform of Elwood Technologies
Bitcoin Summary: Goldman Sachs and Barclays Bank have invested in Elwood Technologies The two banks made the investment during a funding round together with Dawn Capital, the venture divisions of German lender Commerzbank and Galaxy Digital The funding round was worth $70 million at a $500 million valuation The traditional banking institutions of Goldman Sachs and Barclays Bank have invested in the London-based Bitcoin and crypto trading platform of Elwood Technologies. According to a report by the Financial Times, the two banks invested in the company during a funding round that was also participated by Dawn Capital, the venture divisions […]
Kraken Daily Market Report for May 15 2022
Overview Daily spot trading volume: $472.2 million, 30 day average spot: $1.02 billion. Total futures notional: $120.9 million. The top five traded coins were, respectively, Tether (+0%), Bitcoin (+4.1%), Ethereum (+4.4%), USDC (0%), and Solana (+12%). Strong returns from Melon (+29%), Moonbean (+15%), and PStake (+26). May 15, 2022 $472.2M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9988 ↑0.02% $127.0M BTC $31296. ↑4.1% $107.1M ETH $2143.2 ↑4.4% $70.1M USDC $0.9999 ↑0.0% $31.7M SOL $58.64 ↑12% $22.8M ADA $0.5974 ↑11% $17.3M…