Category: US


Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US


Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the USFollowing the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s decision to ban bitcoin mining, the company “accelerated” its migration strategy to […]


University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%


University of Cambridge Bitcoin Mining Map Shows China's Hashrate Dropped to 46%After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate of China’s hashrate […]


Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’


Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of the discussions seemingly revolved around the construction of an American central bank digital […]


DOJ Seeks Trial Attorney With Extensive Blockchain and Crypto Knowledge


DOJ Seeks Trial Attorney With Extensive Blockchain and Crypto KnowledgeThe U.S. Department of Justice (DOJ) is seeking a trial attorney to help with the federal executive agency’s Digital Currency Initiative. The DOJ posted a job listing on the justice.gov web portal and the hired individual is expected to serve as an “expert on digital currency and blockchain technologies for the criminal division.” DOJ’s Money […]


Out of All the American States Study Shows Hawaii Expressed the Most Crypto Demand This Year


A report published by the independent marketing intelligence company, Miq Digital, explains that Hawaii has seen the most crypto demand of all the states in the U.S., with a 687% increase since 2020. As far as increased cryptocurrency demand since last year, Nevada, California, Florida, and Colorado followed the island state with increases of over […]


Billionaire Mark Cuban Commends Defi Economy Dubbing It the ‘Next Great Growth Engine’


Billionaire Mark Cuban Commends Defi Economy Dubbing It the 'Next Great Growth Engine'On June 13, the billionaire investor and co-host of the television series Shark Tank, Mark Cuban, explained his fascination with decentralized finance (defi) in an editorial published to his blog. Cuban details that many defi organizations are different because they are not corporate entities or based in the United States. He believes that “no one […]


Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story


Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure StoryOn June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery” of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private […]


Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional


Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase InstitutionalOn Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan cryptocurrency access. According to the alt 401(k) investment option, Forusall is working with Coinbase Institutional as its retirement plan partner. Forusall and Coinbase’s Institutional Arm Offer Crypto-Infused Alt 401(k) Plan […]


FBI Agent Recovers Private Key to $2.3M in Bitcoin Paid to Colonial Pipeline Hackers


FBI Agent Recovers Private Key to $2.3M in Bitcoin Paid to Colonial Pipeline HackersU.S. law enforcement officials from the Justice Department on Monday announced the seizure of $2.3 million dollars worth of crypto assets that were paid to the Colonial Pipeline hackers. Deputy Attorney General Lisa Monaco explained during a news conference that federal agents “recaptured the majority of the ransom Colonial paid to the Darkside network.” FBI […]


El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs


el salvadorNayib Bukele, president of El Salvador, has weighed in the future of his country now that there is a formal proposal for making Bitcoin a legal tender, announcing complementary measures. Bukele mentioned yesterday on Twitter there would be no capital gains on Bitcoin earnings, and also highlighted the possibility of offering permanent residence to crypto […]


Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is ‘Good for Bitcoin’


Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is 'Good for Bitcoin’The infamous whistleblower and privacy activist Edward Snowden commented on bitcoin on Friday, after the Biden administration said this week it was shooting for 6 trillion dollars in stimulus proposals. Following the $6 trillion in stimulus headlines, Snowden commented on the situation and said it was “good for bitcoin.” Edward Snowden Jabs Biden’s 6 Trillion-Dollar […]


Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’


Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights 'Froth in Equity Markets'Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims […]


Mick Jagger is using NFTs to raise money for indie music venues


The highest bid is currently $8,988, with 12 people having made an offer for the musical NFT.

The Rolling Stones lead singer Mick Jagger is jumping into the nonfungible token craze to help independent music venues that have been adversely affected by the pandemic. 

In an announcement from the music legend on Thursday, Jagger said he had started a 24-hour auction on Nifty Gateway featuring a nonfungible token, or NFT, based on a new song with Foo Fighters frontman Dave Grohl. The digital piece designed by artist Oliver Latta, also known as Extraweg, features a loop of a figure running through two human heads, with Grohl and Jagger’s “Eazy Sleazy” song playing in the background.

“The 30-second audio visual piece evokes a surreal essence of breaking through the barriers of the human mind and pushing forward on the brink of social collapse to provide a much needed moment of artistic relief as the world slowly transitions out of lockdown,” said the announcement.

According to the NFT’s description on Nifty, the proceeds from the auction will help raise money for independent music venues in the United States and the United Kingdom through local charity groups Music Venue Trust and the National Independent Venue Association. A portion of the proceeds will also go to environmental causes. At the time of publication, the highest bid is for $8,988, with 12 people having made an offer for the NFT.

Many musical artists have become involved in NFTs in the past year. Last month, Crypto.com announced it would be launching an NFT platform featuring work from Snoop Dogg, Boy George, Lionel Richie and others. Major institutions have also been using NFTs to raise money for charity — New York Times columnist Kevin Roose auctioned off one of his articles for more than $550,000, which was donated to the publication’s The Neediest Cases Fund.




UK Judge Rejects US Extradition Requests for Julian Assange, Wikileaks Holds $800K in Crypto


UK Judge Rejects US Extradition Requests for Julian Assange, Wikileaks Holds $800K in CryptoOn Monday, a British judge rejected the U.S. request to extradite the Australian editor, publisher, and activist Julian Assange. Following the U.K. judge’s decision, the current president of Mexico, Andres Manuel Lopez Obrador, has offered Assange political asylum in the country. Meanwhile, Wikileaks has gathered hundreds of thousands of dollars in crypto-asset donations since the […]

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Core Scientific Buys Over 58,000 Bitmain S19 Antminers to Expand Its Hosting Fleet in North America


Core Scientific Buys Over 58,000 Additional Bitmain S19 Antminers to Expand Its Hosting Fleet in North AmericaA major North American blockchain hosting provider announced its expansion by ordering over 58,000 additional S19 Series Antminers, as part of an agreement arranged with the Chinese mining hardware manufacturer. US Contract Miner Core Scientific Arranges Purchase of Over 58,000 Bitmain S19 Antminers According to the announcement, Bitmain’s deal expects to facilitate Core Scientific customers’ […]

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Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years


Nigeria Is Paxful's Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five YearsNigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to an analysis of bitcoin trading platform Paxful’s database shared with news.Bitcoin.com, Nigeria […]

The post Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years appeared first on Bitcoin News.


Coinbase Launches Cryptocurrency Visa Card in the US


Coinbase Launches Cryptocurrency Visa Card in the USU.S. customers can now apply for the Coinbase Visa, a card that allows users to spend digital assets anywhere Visa is accepted. In addition to the U.S. launch, Coinbase cardholders will be able to earn up to 4% back in stellar or 1% back in bitcoin. A while back, the San Francisco-based cryptocurrency firm Coinbase […]

The post Coinbase Launches Cryptocurrency Visa Card in the US appeared first on Bitcoin News.


US Consumers Flock To the First Mastercard Branded BitPay Card


US Consumers Flock To the First Mastercard Branded BitPay CardNew data from BitPay shows that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets. The popular cryptocurrency payment services provider debuted the new card in June 2020 and the company’s transactions reached a new high in July. The data also shows how crypto cards usage is changing, […]

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The Moss Piglet Dilemma: Paypal Bans Payments to Merchants Using the Word ‘Tardigrade’


The popular payment provider Paypal has been known for cutting off a number of merchants and organizations over the years. This week, the public found out that Paypal has been censoring merchants that sell items related to the name “tardigrade” just because a Balkan arms dealer uses the same name. The story shows just how […]

The post The Moss Piglet Dilemma: Paypal Bans Payments to Merchants Using the Word ‘Tardigrade’ appeared first on Bitcoin News.


The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power


The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of PowerThe SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete […]

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EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money


EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief MoneyThe world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget. Additionally, American leaders are in the midst of approving a new stimulus relief act amid July’s unemployment extension benefits expiring. Reports say that the estimated $3 trillion HEROES Act will […]

The post EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money appeared first on Bitcoin News.


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