Business

Iranian Authorizes Issue License for 6000-Rig Crypto Farm

[ad_1] Iran’s Ministry of Industry, Mine and Trade granted a license for cryptocurrency mining company iMiner to operate in the country. With 6,000 rigs, iMiner’s setup would purportedly make it one of the largest crypto miners in Iran.According to an article published on April 29, the Turkey-based company has invested nearly $7.3 million into a Bitcoin (BTC) mining farm in the Semnan Province of Iran, where it will mine digital
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Bitcoin Rallied Amid a “Catastrophic Economic Event” in Big Boost to Bull Case

[ad_1] One of the longest standing narratives is that Bitcoin is a “safe haven asset” or “store of value,” an asset that should outperform equities and bonds when there is a recession, geopolitical tension, or otherwise abnormal events taking place that would not be defined as “good.” Although the narrative has come under fire as of late due to weakness in the cryptocurrency market, BTC recently made an astonishing technical
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Onecoin Lawsuit Continues: Judge Lifts Stay Order, Investigators Search for ‘Crypto Queen’

[ad_1] In mid-April, news.Bitcoin.com reported on the unsealed indictment tied to the Onecoin cofounder Sebastian Greenwood. At the same time, U.S. Judge Valerie Caproni had placed a stay order on the case against Greenwood, Konstantin Ignatov, Mark Scott and David Pike. Now Judge Caproni has lifted the stay and the court case against the defendants can proceed. Onecoin Lawsuit in New York Continues – Stay Order Lifted Court filings show
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Despite 110% Rally From Lows, XRP’s Price Action is “Super Weak”: Analyst

[ad_1] All cryptocurrencies have mounted a strong recovery since the March lows, XRP included. After bottoming at $0.11, the third-largest altcoin by market capitalization rallied 110% from the lows to find a local top near $0.24 just last week. It was a performance that effectively beat any other multi-billion-dollar asset over the same time period, save for other cryptocurrencies. Chart from TradingView.com Yet, top analysts are warning that the cryptocurrency’s
Business

Bitcoin Hash Rate Tag Hits New Record 8 Days From Halving

[ad_1] After the mid-March price crash led to a brief exodus of miners operating older hardware, the Bitcoin (BTC) hash rate posted a new all-time high (ATH) of more than 142 exahashes per second (EX/s) on March 3.The new record beats out the previous ATH of 123 EX/s posted on March 8.BTC hash rate tags new record 8 days from halvingWith Bitcoin’s third halving event roughly three weeks away, the
BLOCKCHAIN

Oscar-Winner’s Satanic Conspiracy Theory on COVID-19 and Crypto Goes Viral

[ad_1] Oscar-winning Russian director, Nikita Mikhalkov, has espoused a bizarre conspiracy theory on local television. He claims that Microsoft’s recent patent for a sensor-based cryptocurrency mining system using body activity data comprises the first-step in a satanic plot to microchip the human race.On an episode of ‘Besogan TV,’ which roughly translates to ‘demon basher TV,’ Mikhalkov claimed the patent number of Microsoft’s cryptocurrency system — WO/2020/060606 — alludes to the
BLOCKCHAIN

A Roundup of Virtual Blockchain Week

[ad_1] Over the past week, Cointelegraph has participated in Virtual Blockchain Week — a pandemic-proof crypto conference that invited participants from all over the world to join talks with some of Blockchain’s greatest luminaries.At the start of the week, famed venture capitalist, Tim Draper, doubled down on his prediction that Bitcoin (BTC) will reach $250K per coin by 2023. “That's my prediction. Sticking with it. I'm very confident that that
BLOCKCHAIN

Hodler’s Digest, April 27–May 3

[ad_1] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBitcoin rally above $9,000 stalls as sellers push BTC back to key supportWhat a week it’s been. After starting Monday at $7,650, Bitcoin surged through previously
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9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap

[ad_1] Coinmarketcap has revealed the top countries with the largest increase in the number of users. One segment shows the countries with the most user growth in the first quarter include India, Pakistan, Colombia, Canada, and Nigeria. The countries with the most female user growth include Greece and Romania. 46% Increase in Youth Users, Nigeria Up 211% Leading cryptocurrency price and market data provider Coinmarketcap published a report Friday highlighting
Business

MoneyGram Reports ‘Quiet Quarter’ For Ripple Partnership

[ad_1] During an earnings call for Q1 2020, MoneyGram chairman and chief executive, Alexander Holmes, revealed that it was a “quiet quarter” regarding the firm’s partnership with blockchain payments company Ripple (XRP).Ripple first announced its “strategic partnership” with the Nasdaq-listed money transfer company during June 2019. The partnership’s initial term was set at two years, with Ripple providing a capital commitment of up to $50 million over 24 months in