China is taking its anti-crypto stance to a whole new level. Recent searches for major crypto exchanges such as Binance, Huobi, and OKEx on Chinese search engines are not pulling up any results. Chinese journalist Colin Wu and crypto news site 8BTCNews have both confirmed the news, reporting that as
China’s Xinjiang province has ordered some Bitcoin miners to shut down their operations with immediate effect. On June 9, the Reform and Development Commission in the Changji Hui Autonomous Prefecture issued notices to authorities in the Zhundong Economic-Technological Development Park, ordering them to shut down all crypto mining operations
A bill seeking to accept Bitcoin as a legal tender has been passed by El Salvador’s Legislative Assembly. As earlier reported by BTC PEERS, the Bitcoin law was announced by President Nayib Bukele during a live broadcast last week. He explained: In the short term, this will generate jobs
The number of Ethereum on top crypto exchanges has plummeted to its lowest levels in the past two years. According to recent data published by crypto analytics platform Glassnode, crypto exchanges are taking a beating as the entire market consolidates. Brokerages now hold the smallest amount of Ethereum since June
Press Releases
Following a partnership between a decentralized finance (DeFi) platform Moon Maker Protocol and MVP coin, the Moon Maker Protocol has become the first DeFi platform in Southeast Asia to collaborate with a listed company. The alliance is an important milestone towards the mainstream adoption of DeFi solutions in Southeast Asia.
Analysis
While DeFi has opened up infinite possibilities for lending companies, the transactions are only limited to collateral-based lending and financial arbitrage for the majority part of the existing DeFi Industry. This may look like an ideal scenario, but there exists a definite void between the DeFi crypto world and fiat
News
There have been several disruptions in the crypto industry in 2021, and we are only halfway into the year. In the derivatives market, Octopus Protocol is one of the leading disruptors in the industry. In addition, the decentralized finance (DeFi) market has grown into a $100 billion sector. According to
Business intelligence firm MicroStrategy is looking to add more Bitcoin to its balance sheet. CEO Michael Saylor revealed in a tweet on Monday that the firm is planning to raise $400 million from the sale of senior secured notes that will be used to buy more Bitcoin. MicroStrategy Announces Proposed
Former U.S. President Donald Trump has no intention to invest in Bitcoin. According to him, the leading cryptocurrency “seems like a scam” that is threatening the dominance of the U.S. dollar. In a Monday interview with Fox Business, Trump was quizzed on his plans to invest in the
News
DeFi lending sector of the crypto industry has been growing exponentially, and many platforms are looking to leverage this growth. One of such platforms is the ADD.xyz DeFi lending aggregator. According to Forbes, the growth of the DeFi market accelerated in 2020 and has continued ever since. The market
Transaction fees on the Ethereum network have fallen to their lowest since the beginning of the year as the crypto market cools down following its recent crash. The entire crypto market witnessed a massive correction in mid-May. The crash was fuelled by an announcement that Tesla was no longer going
Asset manager Ruffer has cashed out more than $1 billion in profit less than six months after investing $600 million in Bitcoin. Back in November 2020, Ruffer made a $600 million Bitcoin investment. Speaking to The Times, Hamish Baillie, investment director at the asset management firm, disclosed that his company
Amid growing concerns for Bitcoin’s high energy consumption rates, Blockstream and Square have teamed up to build a Bitcoin mining facility that is driven by solar energy. The initiative is being championed by Blockstream’s CEO, Adam Back, and Square’s founder, Jack Dorsey. The Bitcoin mining facility will
El Salvador is taking Bitcoin adoption to a whole new level. During the Bitcoin 2021 Conference in Miami, President Nayib Bukele disclosed that he plans to make Bitcoin a legal form of money in El Salvador. According to the video broadcast on Saturday (June 5), Bukele noted that he would
Answers
Dual mining was one of the most popular mining approaches in 2017. The reason for that was high profit with an average amount of investment. To find out what is dual mining and how beneficial it is nowadays, firstly, the definition of the term must be given. What is Dual
News
According to Bloomberg’s recently released monthly Crypto Outlook, Ethereum is on track to surpass Bitcoin’s market cap. Bloomberg asserts that Ethereum’s run to surpass Bitcoin is tied to several of its use cases, including being a cornerstone for the DeFi industry. Furthermore, the role of its native