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Read more about the article Iran’s Bitcoin Mining Could Be Generating $1 Billion in Annual Revenue: Study

Iran’s Bitcoin Mining Could Be Generating $1 Billion in Annual Revenue: Study

  • Post author:Auto News Feed
  • Post published:May 22, 2021
  • Post category:Market News

Iran accounts for 4.5% of all Bitcoin mining, according to a new study from the blockchain data firm Elliptic. At the country's current rate of power consumption, Elliptic estimates that…

Continue ReadingIran’s Bitcoin Mining Could Be Generating $1 Billion in Annual Revenue: Study
Read more about the article Bitcoin Crashes 12% as China Reiterates Mining Crackdown

Bitcoin Crashes 12% as China Reiterates Mining Crackdown

  • Post author:Auto News Feed
  • Post published:May 22, 2021
  • Post category:Market News

Bitcoin was hit by its second piece of bearish news out of China in under a week. This time, China's financial committee has added Bitcoin mining as a key sector…

Continue ReadingBitcoin Crashes 12% as China Reiterates Mining Crackdown
Read more about the article Gold Outshines Bitcoin in Latest Market Volatility

Gold Outshines Bitcoin in Latest Market Volatility

  • Post author:Auto News Feed
  • Post published:May 22, 2021
  • Post category:Market News

Savage one-day price swings of over 30%, and the prospect of more critical regulatory scrutiny, mean the shine is coming off Bitcoin’s claims to rival gold as a store of…

Continue ReadingGold Outshines Bitcoin in Latest Market Volatility
Read more about the article The China FUD Won’t Stop

The China FUD Won’t Stop

  • Post author:Auto News Feed
  • Post published:May 22, 2021
  • Post category:Market News

Happy Friday, Blockfolians The Lede What a week it’s been. We started off with Elon battles on Twitter, headed into some good old fashioned China FUD and then crashed straight…

Continue ReadingThe China FUD Won’t Stop

National Bank of Egypt Plans to Use Ripple Blockchain to Improve Remittance Speed

  • Post author:Auto News Feed
  • Post published:May 22, 2021
  • Post category:Market News

The use of distributed ledger tech (DLT) for transborder payments is increasing among various Central Banks around the globe. The recent bank to embrace blockchain technology in the remittance field…

Continue ReadingNational Bank of Egypt Plans to Use Ripple Blockchain to Improve Remittance Speed

Ethereum Faces Rejection at $3,000 high, May Revisit Previous Low at $2033

  • Post author:Auto News Feed
  • Post published:May 22, 2021
  • Post category:Market News

For the past two days, Ether price has been consolidating near the $3,000 resistance zone. Buyers fail to sustain the bullish momentum above the recent high. Nonetheless, if the current…

Continue ReadingEthereum Faces Rejection at $3,000 high, May Revisit Previous Low at $2033

Ripple in Bearish Run, Faces another Rejection at $1.25

  • Post author:Auto News Feed
  • Post published:May 22, 2021
  • Post category:Market News

In the last bearish impulse, XRP fell and found support above $0.90 low. The bears retested the $0.90 support twice but could not continue the bearish run.

Continue ReadingRipple in Bearish Run, Faces another Rejection at $1.25
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