Tether, a renowned issuer of a stablecoin, plans to invest in sustainable Bitcoin mining in Uruguay, citing the country’s renewable energy capabilities as the ideal spot for Bitcoin mining production. Tether has purchased a facility for energy production and sustainable Bitcoin mining in Uruguay, broadening its revenue mix to back its USDT stablecoin. This action aligns with Tether’s goal to …
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As per the reports, the utilization of Bitcoin and other cryptocurrencies for transactions is now prohibited in Bali, Indonesia. Bank Indonesia, the central bank of the nation, had already restricted the use of cryptocurrencies as a payment mechanism in 2021. The objective of the prohibition on Bitcoin payments in Bali is to discourage tourists from utilizing virtual currency to buy …
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MicroStrategy’s Q1 2023 financial results are in, revealing that the company has returned to profitability. At $147.8 million, total revenue for the quarter was up 2.6% compared to that of 2022, generating a gross profit of $122.5 million – which is an impressive 82.9% gross margin. Even after all the ups and downs, they have still kept their Bitcoin strategy …
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The Bitcoin Ordinals, a renowned add-on to the UniSat Wallet, has reportedly experienced a considerable number of double-spend attacks. Several individuals have expressed their concerns about the issue through social media, stating that their transactions were being reversed and their funds were being stolen. The UniSat Wallet team has acknowledged the problem and is currently taking the appropriate actions to …
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Bhutan, a South Asian country recognized for its conservative financial practices and prioritization of Gross National Happiness, has garnered attention for its foray into the world of cryptocurrency. The Bhutanese government has invested in multiple cryptocurrencies, such as Ethereum, Dogecoin, and Bitcoin, with the total amount of investment undisclosed. ‘ Reaction to this Move Bhutan’s decision to invest in cryptocurrencies …
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Bitcoin experienced a significant surge on Tuesday, surpassing the $30,000 mark for the first time since June 2022. This notable increase was attributed to market expectations of a more lenient Federal Reserve in the coming months, as well as an overall improvement in sentiment for the crypto space. Bitcoin Breaks $30k At the time of writing this article, the world’s …
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Cryptocurrency has taken the world by storm, and as more people invest in digital currencies, it has become a popular investment option for retirement. One way to invest in cryptocurrency for retirement is through a Crypto IRA account. In this article, we’ll explore everything you need to know about a Crypto IRA account, how it works, and why it’s becoming …
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The bitcoin industry is one where things are always shifting and shaking. The volume of the worldwide cryptocurrency market has increased by an astounding 0.81 percent, with bitcoin taking the lead as the most popular virtual currency. But that’s not all; Litecoin has also experienced some significant gains, making it the market’s top gainer. Source: CoinMarket Cap Regrettably, not all …
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The second-largest cryptocurrency in the world, Ethereum, is witnessing challenges when compared to the US dollar. The digital currency is susceptible to a breakdown due to underperformance. To learn more let us delve deeper into the matter. Possibility of a Break Below $1,796.72 Due to Ethereum’s incapability to overcome the $1,840 resistance level, there are concerns that the price may …
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Blockscroll believe that by providing objective and unbiased news coverage, we can help educate our readers and promote transparency and trust in the crypto space.