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China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas

[CNBC, Getty Images] In May, Beijing called for a severe crackdown on bitcoin mining and trading, setting off what’s being dubbed in crypto circles as “the great mining migration.”Texas is an ideal destination for miners, thanks to its abundance of solar and wind power, its unregulated market, and its crypto-friendly political stance.China has long been […]

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El Salvador President Calls For A Volcanic Geothermal Bitcoin Mining Plan

[Forbes] Nayib Bukele, the President of El Salvador, instructed the country’s geothermal electrical company, LaGeo, to put together a plan for establishing Bitcoin mining facilities: I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for #Bitcoin mining with very cheap, 100% clean, 100% renewable, […]

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El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

[CNBC | Bloomberg | Getty Images] El Salvador President Nayib Bukele plans to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender.Bukele broadcast his intentions on a video at the Bitcoin 2021 conference in Miami.Bukele said the country is partnering with digital wallet company, Strike, to build […]

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Coinbase Gives Away $1.2 Million in Dogecoins

[GO Banking Rates, Getty] Coinbase, which listed Dogecoin on its platform earlier this week, announced it would be giving away $1.2 million in DOGE “to celebrate.” “Opt in and then buy or sell $100 in DOGE on Coinbase by 06/10/2021 for your chance to win,” the company said in a blog post about its “Dogecoin sweepstakes.” […]

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Bitcoin price crash leaves only one good course of action for believers: strategist

[Yahoo! Finance, Getty] After watching bitcoin prices fall through a trapdoor over the past month, the bulls invested in the space have only one good option: stay long.  “From here on out you are going to have to be a bit more discerning [in crypto], find projects that are adding value where the token-omics make sense. […]

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Why China cracked down on Bitcoin

[Fortune] The cryptocurrency bubble has outgrown the 17th century’s Tulip Mania. China just cracked down on privately mined cryptocurrency and we saw the market for Bitcoin fall down a cliff. In an international context of economic instability due to the continuing coronavirus pandemic, skyrocketing commodity prices, and geopolitical tensions, the People’s Bank of China has emphasized […]

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Mark Cuban on his cryptocurrency portfolio: ‘I own a lot of Ethereum because I think it’s the closest to a true currency’

[CNBC, Getty Images] Billionaire investor Mark Cuban is bullish on the future of cryptocurrency and frequently compares blockchain technology to the early days of the internet. I don’t think people realize I try to test and use all this stuff and have for years. I still have crypto from the early days of coinbase. I’ve never […]

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Chipotle is giving away $100,000 in bitcoin

New York (CNN Business)Chipotle is jumping into the bitcoin craze. Sort of. No, the chain isn’t accepting the cryptocurrency as payment for its Mexican dishes. Instead, Chipotle is giving away $100,000 worth of bitcoin on Thursday to celebrate National Burrito Day. The contest marks the first time a US restaurant chain has given away bitcoin, according to Chipotle. […]

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Tesla buys $1.5 billion in bitcoin, plans to accept it as payment

[CNBC] Tesla announced in an SEC filing Monday that it has bought $1.5 billion worth of bitcoin.The company also said it would start accepting bitcoin as a payment method for its products.CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter.Tesla announced Monday it has bought $1.5 […]

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Crypto miner Marathon Patent Group pours $150 million into bitcoin as the token pulls back from record highs

[Business Insider, Getty Images] Marathon Patent Group announced the purchase 4,812.66 BTC on Monday.The transaction, handled by NYDIG, was worth $150 million.By the end of the first quarter of 2022, bitcoin miner Marathon expects to own and operate over 100,000 bitcoin miners.Cryptocurrency miner Marathon Patent Group announced on Monday it purchased $150 million of bitcoin after the cryptocurrency fell […]

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