BTC’s price downturn has had an impact on the Bitcoin mining industry. BTC miners have had to reduce their inventories due to the price downside. This could result in constant selling pressure and a reduction of their leverage. Bitfarms, a publicly traded BTC mining company, announced that it had sold 3,000 BTC at $62 million in…
Category: Crypto News
Coins.ph, a Philippines-based crypto wallet service provider, announced a partnership with the Philippine Basketball Association. This is the first time that the PBA has partnered with a crypto wallet service provider in the Philippines. The Coins.ph brand and logo will be displayed at the Philippine Cup’s premier tournament. Philippine Basketball Association partners with Crypto Firm Coins.ph…
It’s been known for a while that Gamestop was entering the NFT space. The gaming software retailer had plans to launch an NFT marketplace. Gamestop stated that it had partnered Ethereum L2 scaling project Loopring and noted that Loopring would provide ZK-rollups. Gamestop now has its Web3 non-custodial ethereum wallet. It uses ZK-rollup technology for faster transactions. It will be able to store…
There are less options to deposit Indian rupees on cryptocurrency exchanges. A growing number cryptocurrency exchanges have made it impossible to deposit Indian rupees using the Unified Payments Interface system (UPI), which is the most popular retail payment method. Wazirx, a crypto exchange, does not offer UPI support. The exchange tweeted Wednesday that UPI support was not…
U.S. Senators Mike Braun (R.IN) and Chuck Grassley, (R.IA), cosponsored the bill. The bill’s text reads: “No Federal Reserve bank can offer products or services directly or maintain an account for an individual. Or issue a central bank digital money directly to an person. The announcement stated that “The bill aims at maintaining the dominance of…