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The popular Bitcoin mining firm, Bitfarms, has started its mining operation in the South American country of Argentina. This new move subsequently improves the firm’s computing power (its hash rate) by 4.1 EH/s. Securing More Power for Operation Bitfarms said it has added up to 10 MW of electricity to its mining portfolio, but it … Read more
The US stocks market plummeted this week, recording the work drop since the market hit bottom in June. This is mainly due to mounting anxiety over excessive Fed interest-rate rises and FedEx Corp.’s alert. Major Selloff In US Stock Market The S&P 500 declined for three consecutive days this week, falling to about 5%. However, … Read more
Having services at absolutely no cost is probably the only this more superior to having the same services at low costs. It is the absolute delight of the users of such services. More Incentives for Traders The crypto exchange, Gate.io, has said it will now offer free transactions on the trading of US Dollar spot … Read more
The World Bank has given a warning to central banks recently. The financial body stated that the present trend of interest rate increases might not be adequate to prevent a worldwide recession next year. World Bank Warns Of Impending Recession Recently, the organization conducted an analysis. The result revealed that if supply shortages and labor … Read more
One of the world’s leading consulting firms, Goldman Sachs, through its Chief Economist, has asked people to get ready for a long time of experiencing slow economic growth. Jan Hatzius, the firm’s Chief Economist, shared the view in a discussion with Yahoo Finance during the Communacopia and Tech Conference organized by Goldman Sachs. He said … Read more
Stocks in the US oscillated back and forth on Thursday while news from various sectors caught investors’ attention with moves from economic indexes. The S&P 500 index rose by 0.2% and the Dow gained by about 90 points which amount to 0.3%. The Nasdaq index, on the other hand, increased by 0.1%. Indexes Gained a … Read more
Stocks in the US opened trading on a high note on Wednesday while investors tried to come to terms with their losses following the worst day for stocks since the middle of 2020. Not long after the bells went off for trade to begin, the Dow went up by 0.1%, the S&P 500 saw a … Read more
Crypto firm Huobi Global and its South Korean subsidiary, Huobi Korea, have penned an MoU (Memorandum of Understanding) with the government’s assistance. Huobi will help the city to develop its blockchain ecosystem. Huobi To Help Develop Busan’s Blockchain Infrastructure On Wednesday, Huobi Global announced that it had entered a partnership with Busan in South Korea. … Read more
ETH miners continue to traverse challenging path days leading to the much-awaited Ethereum Merge. Here’s how recognized miners are progressing amidst the countdown. To-Do List Outlook The PoS (proof-of-stake) validators would soon replace Ethereum miners, a move aimed at reducing the Ethereum network’s consumption by 99%. Moreover, the migration will affect the respective miner revenue. … Read more
Stocks in the US experienced huge selling pressure on Tuesday following the publication of the awaited inflation figures for August. The report revealed that prices were stronger than expected last month. Stocks Began to Fall Almost immediately after the inflation report was released, Nasdaq shares dropped by about 1.8% while S&P 500 lost 1.2%, and … Read more
According to a trusted and renowned cryptocurrency expert, there is a likelihood that Ethereum institutional interest (ETH) may increase if the crypto giant adopts the PoS (Proof of Stake), its new system for validating crypto transactions. While the crypto analyst with over 400 000 followers on YouTube explained why he is still holding the coin, … Read more
According to reports, Charles Hoskinson said the suggestions might cause the complete prohibition of Bitcoin while being critical about the proposals of the recent White House Office of Science and Technology statements. This proposal involves carrying along the United States DoE (Department of Energy) and the United States EPA (Environmental Protection Agency) to develop proof-driven … Read more