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Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware

Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of HardwareRussia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting hardware as large foreign companies leave the industry. Russian Demand for Powerful ASIC Miners Skyrockets in […]

Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats

Elon Musk Suspects FTX Co-Founder Sam Bankman-Fried Donated Over $1 Billion in Support of DemocratsTesla CEO and Twitter chief Elon Musk says that former FTX CEO Sam Bankman-Fried (SBF) probably donated over $1 billion to support the Democratic Party, which would be a much larger sum than the number publicly disclosed. Many people slammed Musk for making accusations without providing proof. “This statement is so unbelievably irresponsible,” one commented. […]

Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask

Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and MetamaskBanking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank believes the integration will give developers more options and create new opportunities for users when in operations with tokens and smart contracts. Sber Bank to Provide Ethereum and Metamask Support on Proprietary Blockchain The blockchain […]

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas GridOn Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming winter and extreme peak load times. ERCOT Report Says Texas […]

How to buy food with Bitcoin?

Users can pay bills with cryptocurrency directly from their crypto wallet or using a payment processor acting as an online crypto payment gateway.

Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Report Claims Genesis Owes the Winklevoss-Operated Exchange Gemini $900 Million FT reports that the centralized […]

TRON Unfazed By Decreasing Volumes, Tallies $1 Billion In USDT Inflow

TRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not all, should have helped trigger a significant price movement. Let’s consider this summary: TRON’s seven-day jump was less than 2% During the last 30 days, TRX has already lost 12% of its value Tron blockchain enjoys a significant boost in its stablecoin inflow Instead, the asset continues to consolidate within a narrow range and is not showing any signs of immediate recovery. According to the latest information provided by Coingecko, at the time of this writing, TRX is trading at $0.053957. It only managed to climb by 1.6% during the last week although it is nursing an increase of 6.3% over the last 14 days. TRON, currently the 17th largest crypto asset in terms of overall valuation with a market cap of $4.97 billion, has already gone down by more than 12% on its month-to-date (MTD) performance. Not even the news of its mother platform registering a massive stablecoin inflow was enough to make the asset push its price to higher levels. Tron has seen significant USDT inflows over the past 2 weeks. In total, over $1 Billion of USDT have entered the chain pic.twitter.com/bbB6XRruvi — DefiLlama.com (@DefiLlama) December 1, 2022 TRON Performs Well In Stablecoin Inflow Last Month Using Twitter, pseudonymous DeFi Llama shared that the Tron decentralized platform observed an inflow of $1 billion USDT for the past two weeks. The most notable date during the said time frame was November 18 when the blockchain registered its highest stablecoin inflow. Meanwhile, November 24 and 28 were the other dates when the network experienced spikes in the particular department. At a quick glance, this development meant that investors are taking action and are showing tremendous trust for the project. Skeptics, however, were quick to assume that might not have been the case and that Tron founder Justin Sun was behind all of it in his attempt to pump liquidity for TRX. Nonetheless, this didn’t help Tron’s crypto asset as it continues to struggle in finding its groove to break out of its slump to surge in value. TRX In Neutral Stance Basing on the crypto’s four-hour chart, it could be noticed that its Awesome Oscillator (AO) was pegged to be at 0.00045. Such value is not indicative of a bullish or a bearish movement, therefore it would make sense to say that TRON is currently caught in a neutral momentum. Related Reading: FTX Crash Triggers Major Selloff In Solana Price – How Deep Will SOL Dive? Source: TradingView Meanwhile, the Directional Movement Index (DMI) suggests there is a strong directional push that is going in the way of buyers. However, buyers may not hold their advantage for a long time as indicated by the cryptocurrency’s Average Directional Index (ADI). As for forecasts for TRX, Coincodex says the asset will experience a slight price decline within the next five days and will change hands at $0.053338 by December 9. Come January 3, the digital coin will possess a lower trading price of $0.039659. Related Reading: Chainlink May Rise 25% This Week As Bulls Work To Reclaim Its Pre-Crash Value TRX total market cap at $4.8 billion on the weekend chart | Featured image from Zipmex, Chart: TradingView.com

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session

Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday’s volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day. Quant (QNT) Quant (QNT) was trading […]