Bitcoin Drops Below $22,000 As U.S. CPI Declines Less Than Expected To 8.3%
Bitcoin failed to hold $22,000 as declines in energy prices drove down U.S. CPI less than expected to 8.3% in August; all other sectors rose MoM. Inflation fell to 8.3%,…
Luxury Resort Palazzo Versace Dubai Now Accepts Bitcoin
In partnership with Binance, the luxury resort now accepts bitcoin for goods and services on-site and plans to launch online payments in the near future. Palazzo Versace Dubai is now…
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Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants
Rap star Jay-Z, otherwise known as Shawn Carter, and Block CEO Jack Dorsey, recently airdropped bitcoin to members of the Bitcoin Academy in Brooklyn. Jay-Z’s mother, Gloria Carter explained in…
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Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site
Bitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans during the last week. Following the acquisition of 10,000 ASIC…
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China to Crack Down on Copyright Infringement Through NFTs
Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of…
Bitcoin Miner CleanSpark Acquires $33 Million Mining Facility In Georgia
The renewable bitcoin mining company acquired a new facility in Georgia which will hold up to 70,000 mining rigs at full capacity by the end of next year. Bitcoin mining…
White House Suggests Banning Proof-of-Work Mining Used By Bitcoin
The report discusses bitcoin’s energy use and its negative effects on the environment while suggesting possible executive action in the future. Per President Biden’s executive order, the White House Office…
Bloomberg Analyst: Bitcoin Is A ‘Wild Card’ Set To Outperform
A senior analyst for Bloomberg shared the organization’s Crypto Outlook report explaining why bitcoin will outperform other assets over time. Senior commodity analyst for Bloomberg expects bitcoin to bottom around…
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Sorare Partners With NBA to Build a Licensed NFT Game
Sorare, a French fantasy game startup, reached an agreement with the National Basketball Association (NBA) to build a non-fungible token (NFT) game under its license, allowing the company to use…
Bitcoin Miner Margins Get Squeezed As Price, Hash Rate Diverge
While most miners are struggling to hold bitcoin in their treasuries, some are leveraging strong financials to expand operations. The bitcoin mining industry continues to exhibit a broad range of…