Chia – Bitcoin rival caused a global shortage of hard drives
Incorporated in August 2017, Chia aims to develop an improved blockchain and smart transaction platform. Based on the Proof of Space and Time algorithm, Chia was created by Bram Cohen. Bram is also the inventor of BitTorrent. Chia is the first enterprise-grade digital money and…
How Iran uses Bitcoin mining to mitigate the impact of Sanctions
Economic sanctions are commercial and financial penalties imposed by one or more countries targeting a self-governing state, group, or individual. These can be imposed for a variety of political, military, and social issues. This article is about how Iran, allows its economy to earn millions…
Coinbase to list Dogecoin – Price Jumps 30%
For the past few days, the cryptocurrency market experienced dumps including the joke crypto Dogecoin. The famous joke token, Dogecoin launched in 2013 in memory of the Shiba Inu meme. The former video game software engineer at IBM, Billy Markus, had started the token named after…
Ethereum Co-Founder Vitalik Buterin’s ETH Wallet Now Worth More Than $1B
Ethereum the world’s second-largest cryptocurrency by market capital reached a new all-time high today with a price of $3,188. Ethereum co-founder Vitalik Buterin now has more than $1 billion worth of Ethereum in his wallet with the recent price surge. Vitalik holds this whole amount…
MicroStrategy Grew Its Bitcoin Stash by $1 Billion
Business intelligence firm MicroStrategy announced that they increased its Bitcoin holdings. The firm purchased $1.026 billion worth of Bitcoin. Close to 19,452 Bitcoins were purchased at an average price of $52,765. With the recent purchase, MicroStrategy holds approximately 90,500 Bitcoins. The total value of its…
Bitcoin Achieved a New All-Time High Passing $50K
The price of Bitcoin just reached another all-time high breaking the $50,000 barrier. World’s largest cryptocurrency achieved this at a time where Tesla announced its $1.5 billion investment in Bitcoin two weeks ago. MicroStrategy announced that they are looking at selling $600 million worth of…
Bitcoin Passed $44K as Tesla Invested $1.5B into Bitcoin
The CEO of Tesla, Elon Musk, invested $1.5 billion into Bitcoin. According to an SEC filing today, the world’s richest man has purchased Bitcoin worth $1.5 billion in January. No sooner than the news of the purchase published, the price of Bitcoin spiked passing, $43,000,…
PayPal to Launch a Dedicated Crypto Arm
The CEO of PayPal Holdings, Daniel Schulman announced that they launched a new dedicated business segment to initiate the crypto arm. Schulman made it public during PayPal’s earnings call on last Wednesday. He further said that they will focus much of their resources on blockchain…
Ethereum Price Reached a New All-Time High of $1,500
The world’s second-largest cryptocurrency by market cap, Ethereum is now worth closer to $175 billion. The price of Ethereum achieved a new all-time high today as it reached above $1,500 with an increase of 14% in the last 24 hours. At the time of the…
Tesla CEO Elon Musk said He’s a supporter of Bitcoin
Bitcoin is one of the most discussed topics during this year. The price of Bitcoin reached the $40,000 mark last month. The Billionaire CEO of electric car manufacturer Tesla Elon Musk said that he believes Bitcoin is on “the Verge” of breaking into the traditional…
