Category: Digital Assets
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Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and…
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The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete…
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Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug
A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited. On Wednesday…
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Passive Income Earning & 723+ Million in Market Value Brought To Monarch Wallet
Passive Income Earning & 723+ Million in Market Value Brought To Monarch Wallet Monarch Wallet iOS Update Adds support for NEO & GAS, bringing Passive Income earning to users on iOS devices. The Monarch Wallet Android update also brings biometric fingerprint support and a new UX/UI for an improved experience. RENO, Nev — AUGUST 9,…
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Monarch Wallet Becomes First Live Decentralized Mobile Recurring Payments App
Monarch Wallet Becomes First Live Decentralized Mobile Recurring Payments App High fees and chargebacks are a thing of the past! Monarch Wallet now allows businesses, creators and others to easily accept cryptocurrencies on custom or recurring bases while reducing fees to as low as 0.5% per transaction and eliminates chargebacks. November 7th, 2019 Reno, NV…
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Monarch Wallet Update Adds Digibyte & MonarchPay Now Live on iOS & Android
Monarch Wallet Update Adds Digibyte & MonarchPay Now Live on iOS & Android Monarch Wallet adds support for yet another cryptocurrency. DigiByte is known for being fast, secure, and one of the most decentralized blockchains. MonarchPay is also live on the iOS and Android Monarch Wallet app now enabling decentralized recurring crypto payments in-app RENO,…
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Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network
According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid or the Lightning Network Not on the Roadmap The top cryptocurrency payment processor…
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Cryptocurrencies Spread 4X Faster in Undeveloped Countries: Blockchain Analysis Report
During the month of April, the blockchain project Onfo initiated an experiment to see how fast crypto assets can gain popularity in four different countries. The team’s findings discovered that cryptocurrencies spread four times faster in developing nations as opposed to developed countries. Crypto Asset Network Effect Grows Stronger in Undeveloped Countries Last month, the…
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Iranian President Calls for Launching a Cryptocurrency Mining Strategy
Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s President Hassan Rouhani told the press that the country needs to spur a cryptocurrency mining strategy,…