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Blockcap plans to have 50K Bitcoin miners operational by 2023

Executive chair and founder Darin Feinstein said the firm plans to make the U.S. a global leader in making blockchain technology mainstream. One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and has begun mining other cryptocurrencies.  In an announcement from Blockcap on Monday, the…

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Employer paid worker in crypto, then demanded it back when price rose

“I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating,” said the contract worker. A United States-based business development specialist has claimed that a company that paid them for contract work using cryptocurrency now wants…

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DeFi resurgence lifts Maker, Aave and Compound price to new highs

As Ethereum rallied to new highs, the total value locked in multiple DeFi platforms surged above $10 billion, lifting MKR, AAVE and COMP toward new all-time highs. Analyzing the activity on lending platforms can sometimes be used as a barometer for measuring the sentiment of the cryptocurrency market as a higher number of collateral-backed loans…

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Treasury Management Firm Says CFOs Avoid Risk, Bitcoin Won’t Become Corporate Vehicle

If you need reassurance on just how early you’re to Bitcoin, head to Fortune.com. They interviewed the managing director of Treasury Partners, Jerry Klein, to find out if corporations are thinking about Bitcoin as a store of value. Short answer, “Not one of our clients has expressed interest in Bitcoin.” Good to know. But let’s…

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VeChain’s New Patent Could Help Offset Carbon Emission

VeChain Global Technology has petitioned for a patent with the U.S. federal agency Patent and Trademark Office (USPTO). Filed on April 22nd, 2021, the application seeks to register methods, devices, blockchain nodes, and a system for carbon recording and trading, per the document published by the agency. The patent has been attributed to Jianliang Gu,…

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Australian Cricket Legend Brett Lee Joins Sportsbet.io in Donating Bitcoin to Help the Covid Crisis in India

Australian cricket legend Brett Lee and leading sportsbook Sportsbet have donated 1 Bitcoin each in an effort to provide much-needed aid to India during the ongoing Covid pandemic crisis. The money will be used for general aid and to help to provide India with general medical supplies. Having spent a lot of time in the…

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Yearn Finance Launches New Vault, While YFI Retakes Bullish Momemtum

Popular DeFi protocol Yearn Finance has launched a new product, a yield generator called yvBOOST. Part of its suite of vaults, this product will complement the “Backscratcher” vault and will allow users to earn and boost rewards in the Curve-based token 3CRV. “Backscratcher” offers rewards in Curve’s, an Ethereum exchange liquidity pool, native token CRV….

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Andreessen Horowitz considers launching crypto-centric $1 billion venture fund

Silicon Valley venture capital giant Andreessen Horowitz (a16z) plans to launch a new $1 billion fund focused on investments in cryptocurrencies and blockchain startups, several knowledgeable sources told Financial Times yesterday. Per the report, the firm is looking to raise between $800 million and $1 billion from investors for the new fund, which will become…

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Bank of England and UK Parliament get ‘Bitcoin fixes this’ treatment

The BoE has recently taken greater steps towards the rollout of a central bank digital currency. One crypto user is seemingly taking exception to current monetary policy from the Bank of England, or BoE, and expressing their frustration with a laser projector. Reported by Twitter user Dominic Frisby, an unknown person projected “Bitcoin fixes this”…