Luxor Technology Corporation has entered into a $131.4 million agreement with bitcoin mining device manufacturer Microbt. Bitcoin Mining Giants Luxor and Microbt Announce Partnership Luxor Technology Corporation‘s deal includes a confirmed purchase of Microbt’s Whatsminer application-specific integrated circuit (ASIC) bitcoin…
The cost of Bitcoin mining machines has surged sharply in Shenzhen, China, following the recent spike in the Bitcoin price. According to a recent report by a Beijing-based newspaper Wen Wei Po, the price of Ant mining machines developed and…
Decentralized finance (DeFi) platform Sky, previously known as Maker, is fast-tracking the transition from MKR to SKY tokens as part of its ongoing rebrand, which began in August. Co-founder Rune Christensen announced the shift in a year-end update on December…
The crypto market’s value dropped 7.5% on Thursday after the Fed Reserve cut the fed funds rate by 25 basis points. The new target range of 4.25%-4.50% met expectations, following which investors moved away from risk-on assets like cryptocurrencies and…
Federal Reserve Chair Jerome Powell says the central bank is “not allowed to own Bitcoin,” leaving the decision to Congress. Replying to a reporter’s question during the press conference following the FOMC decision, Powell said that the Fed has little…
to Launch ‘Blockchain Investment’ Offerings /> The Russian banking giant T-Bank (formerly Tinkoff Bank) has announced it will launch a range of blockchain technology-powered token “investment” instruments. The media outlet RBC reported that T-Bank has made its “entry into the…