As the price of Bitcoin rose, so did the number of people who bought cryptocurrency mining equipment in hopes of "striking it rich." With all these miners running their equipment night and day, the total electrical usage of cryptocurrency mining operations has grown at a staggering rate. Even…
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99Crypto
Block-chain Based Company FUSION Attracts $12.3 Billion in Investment
Companies that use blockchain technologies continue to receive regular investments from outside investors. For instance, blockchain service provider Paxos received $65 million in investments. Cloud-based supply chain firm Tradeshift received $250 million from a recent funding round that included Goldman Sachs. Now a Singapore-based company has secured a large amount…
Singaporean Multi-millionaire Cheng Buys BitTrade for Over $67 Million
BitTrade, the Japanese crypto exchange, has been bought for over $67 million by Singaporean multi-millionaire and entrepreneur, Mr. Eric Cheng. According to Asia One, he will be taking 100 percent of the shares in BitTrade Co., Ltd, one of the few crypto exchanges to ever receive a license from Japan's…
Quebec's Cryptocurrency Miners Benefit from Energy Restriction Rollback
A long-standing moratorium that has prohibited the sale of electricity to cryptocurrency miners in Quebec may soon come to an end. Local news outlets are reporting that the Quebec government is softening its attitude toward digital assets. It is anticipated that Minister of Energy Pierre Moreau will make a pubic…
Regulated Guidelines Are Making the Future of Cryptocurrencies More Prevalent
The exchange market surrounding cryptocurrencies is becoming more and more prevalent in our current economy, and this has naturally drawn different regulating bodies within the US to prepare necessary guidelines. Each body views cryptocurrencies as a different form of asset such as: properties, commodities, and securities. Each department has a…
When Will Cryptocurrency Markets Rebound From Recent Downturn And Head Upward?
Cryptocurrencies appeared to find a floor toward the end of May. The tumultuous month saw the market shedding value day after day. Recently, total market value crawled back to $330 billion, although that number hovered above and below that figure at times. Many analysts believe the downturn is coming to…