Validus Power and Startmining Announce Bitcoin Mining Facility in Canada

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The new Bitcoin mining data center will use environmentally friendly and sustainable energy. Validus Power Corp. and France-based sustainable mining company Startmining have begun construction of a new Bitcoin mining facility, according to an announcement published Wednesday. The 100 MW data center is located on a Validus Power Generation site in the Canadian province of … Read more

Bitcoin and Ethereum ETFs Face Heavy Outflows as Prices Stall

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Bitcoin’s attempts to break higher stalled several times near $82,000 over the past week, a pattern that appears linked in part to developments on the US ETF front. Spot Ethereum ETFs fared worse: they did not post a single positive trading day last week and finished with significant net outflows. BTC ETFs Suffered Heavy Outflows … Read more

UAE Regulator Approves Trading of Crypto Assets

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Agreement enables Dubai World Trade Centre Authority (DWTCA) to grant permissions and licences to crypto trading providers The UAE’s Securities and Commodities Authority (SCA) has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) under which the DWTCA will support and promote the trading of crypto assets within its free zone. According to … Read more

Bitfinex Derivatives Launches Perpetual Contracts for Asian Equity Indices

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Bitfinex Derivatives has launched perpetual contracts for HS50, NI225, and XJO. The derivatives platform’s services are not available to U.S. users. The new perpetual contracts went live today at 06:30 a.m. ET. Bitfinex Derivatives now offers products commonly found on traditional financial exchanges, with trading available around the clock subject to certain limitations. Bitfinex Derivatives … Read more

Ripple Unveils Major Middle East and Africa Initiative for XRP Clients

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Six years after opening its first office in Dubai, Ripple has strengthened its commitment to the Middle East and Africa by establishing a regional headquarters in Dubai International Financial Centre (DIFC). The CEO of DIFC described Ripple’s expansion as a clear sign of confidence from leading digital asset firms in Dubai’s role as a global … Read more

Solana (SOL) Set to Drop 25% — Here’s Why

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Solana (SOL) has managed to clear the psychologically significant $100 level. However, the coin is only slightly above $100, and while that is positive, it could face a deeper pullback in the coming days. Further analysis follows, but first some key points: Despite surging above $100, SOL failed to find support at its 50-day simple … Read more

Cardano (ADA) Falls 11% Below $0.20 as Charles Hoskinson Steps Back

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Cardano’s native cryptocurrency fell sharply today amid a wider market sell-off, with ADA losing roughly 11% in the last 24 hours and sliding toward the key $0.20 level. The drop occurred as the broader crypto market experienced widespread liquidations and losses. Over the past day, nearly $2 billion in positions were liquidated and the total … Read more

Swiss Government Rejects $103M Fund for Crypto Valley Blockchain Firms

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According to recent reports, the Swiss government has rejected a proposed rescue fund of roughly $103 million meant to alleviate the severe impacts of COVID-19. Local media reported on Wednesday that companies in Switzerland’s so‑called “Crypto Valley” did not receive loans totaling 100 million Swiss francs (approximately $103 million). In the Zug‑based news outlet Tages‑Anzeiger, … Read more

Top Bitcoin Wallets for 2018: Secure Choices Reviewed

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Bitcoin is now trading near $15,000 per coin, and some observers have made bold predictions about its future value. With so much at stake, protecting your holdings is essential. Although the blockchain technology behind Bitcoin is highly secure, most users store their coins on online exchanges, which are vulnerable to hacks. In recent months, millions … Read more