Cryptocoins

Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility

Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility

CleanSpark has announced that it has recently signed an agreement with Mawson’s Bitcoin mining facility. The cryptocurrency mining firm has announced that the deal they have agreed upon is worth multi-millions. CleanSpark’s $30 Million Deal CleanSpark officials have confirmed that they have formed a $30 million agreement with Mawson’s Bitcoin mining facility. The particular facility is based in Sandersville, Georgia. For CleanSpark, the significance of the deal is to increase their hash rate for mining cryptocurrencies. As the year 2022 began, the cryptocurrency sector has been experiencing the worst time ever. The valuation of the cryptocurrency market has lost more…
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GameStop Forms a New Partnership with FTX US

GameStop Forms a New Partnership with FTX US

GameStop, a major gaming retailer in the United State has announced it has formed a partnership with FTX US. GameStop and FTX US Join Hands The major gaming retailer has announced that it has formed a partnership with FTX US, a major cryptocurrency exchange operating in the United States. The exchange is operated and headed by Sam Bankman-Fried. GameStop has been interacting with the world of cryptocurrencies for a long time. However, it expedited its cryptocurrency adoption by the end of 2020. Since then, the gaming retailer has continued seeking more and more exposure in the cryptocurrency industry. In early…
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Canadian Exchange Newton Reveals Plan To Delist USDT and XRP

Canadian Exchange Newton Reveals Plan To Delist USDT and XRP

A major cryptocurrency exchange in Canada, Newton, will be delisting the XRP and USDT tokens while the tokens battle regulatory issues. The firm disclosed this in an article earlier today. The exchange disclosed that the delisting would go through stages. Newton XRP And USDT Delisting Stages The first stage would see the exchange disable transfers for the native Ripple token and Tether. Transfers for XRP and Tether will end on the 20th of December by 11:59 pm Eastern Time. The implication is that users can no longer send any of these tokens to their Newton wallets after the 20th of…
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Grimes, Elon Musk’s Ex, Will Accept Dogecoin During a Merch Drop

Grimes, Elon Musk’s Ex, Will Accept Dogecoin During a Merch Drop

Grimes, Elon Musk's ex,  just announced that Dogecoin would be accepted as payment for her next retail release, which will be available soon. Grimes is a Canadian singer-songwriter and musician who, in addition to being active on social networking sites such as Twitter and Facebook, has released a number of studio albums and singles. What To Expect  It is expected that the platform would handle a wide variety of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Bitcoin Cash, as well as a wide range of other digital assets, according to the company. The $5.8 million auction of digital artwork that took…
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Twitter CFO Says Investors Should Not Invest In Crypto

Twitter CFO Says Investors Should Not Invest In Crypto

The latest remarks from the CFO of Twitter, Ned Segal, have shocked the cryptocurrency community at large. Speaking to the media, he recently claimed that the current state of the market is not ideal for investing in cryptocurrencies. It is worth noting that the CEO of Twitter, Jack Dorsey is a visible Bitcoin maximalist. Dorsey has claimed in the past that he would like to put all this energy and effort into the development and growth of the Bitcoin lightning network. Speaking to the journalists, Segal claimed that he views cryptocurrencies as asset class commodities with an unprecedented amount of…
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Mayor Eric Adams Wants to Introduce NYC Coin for New York

Mayor Eric Adams Wants to Introduce NYC Coin for New York

Decentralization has a strong following even in the United States of America as there are official members of the state rooting for cryptocurrencies and or presenting the higher members of society ideas of developing new tokens for different states. Miami, for one, holds a very prominent spot in this activity. The mayor of Miami was extremely eccentric and enthusiastic around the idea of decentralization, but instead of going for dedicated crypto, they launched their own token known as Miami coin. Now it is more of a trend, and other states, especially New York, want to do the same. The New…
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Digital Yuan: First Case of Money Laundering Reported in China

Digital Yuan: First Case of Money Laundering Reported in China

China has just recently launched its central bank digital currency, digital Yuan, and there are already reports that the Xinmi police has uncovered the first money laundering scheme involving the digital Yuan. This is contrary to the claim by the Chinese government who celebrated the digital Yuan as a safe and secure method of payment.  The money laundering scheme was uncovered by a joint effort between the Xinmi Police Force and Security Force in Zhengzhou. Their joint effort led to the arrest of eleven suspects due to their involvement in money laundering racket using digital Yuan. It was also revealed…
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China’s Digital Yuan Set to be Tested by Beijing Winter Olympics

China’s Digital Yuan Set to be Tested by Beijing Winter Olympics

Cryptocurrency is currently a serious topic for significant economies of the world as several countries are rapidly developing digital assets for their national currencies and creating a means for the integration of crypto into finance systems proper. This is especially true in China, which takes its digital yuan for an international test by the Winter Olympics scheduled to take place in Beijing in February. This particular development is a very positive one for China and global cryptocurrency development as it sets the pace for other countries and their digital currencies. Earlier the week, BIS alerted countries and their central banks…
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