Bitcoin Cryptocurrency News

Bitcoin (BTC) Mining is Actually Green

Bitcoin (BTC) mining uses up as much electricity as Austria in a year, at 73.12 TW/h, shows data collected by Digicomist.com. This exorbitant energy use is viewed as one of the strongest arguments that mining is an activity extremely damaging to the environment. But is that entirely true?  Bitcoin Mining Achieves Synergy with Hydroelectric Stations Read more…

Crypto Analysis Cryptocurrency News Litecoin

No silver lining for Litecoin on breaching descending triangle

Litecoin has been struggling throughout 2019, and its price has seen on a constant decline since the start of July. Litecoin community had great hopes for the halving which took place in August, but the event failed to have an impact on the altcoin’s price. Litecoin was trading at $53.85 at press time with a […]

The post No silver lining for Litecoin on breaching descending triangle appeared first on AMBCrypto.

Blockchain Cryptocurrency News

BlockFi Introduces Institutional Services for Digital Assets

BlockFi, a nonbank lender of crypto assets, has announced that it’s opening a new platform for institutional investors.  BlockFi Institutional Services is set “to give market-makers, funds, exchanges, and family offices access to enterprise-grade financing solutions for digital assets,” according to the company. Digital Assets Services for Institutional Investors The drive to serve cryptocurrency investors Read more…

Altcoin Bitcoin Cryptocurrency News

Stop HODLing, Start Spending Your Bitcoin: John McAfee on His $1 Million Prediction, Altcoins and His DEX (Exclusive Interview)

John McAfee – some see him as a legend, some see him as the most controversial figure in the crypto space. For sure, books will be written about his past decade: from his time in Belize to the prison in Guatemala, his US presidency campaign and his endless activities surrounding the cryptocurrency space. This interview Read more…

Bitcoin Crypto Analysis Cryptocurrency News

Bitcoin Price Drops Below $8000 While Altcoins Get Crushed

The signs were there. Another bearish downturn has been expected but it has been the altcoins leading the decline this time around as bitcoin price clings to support. A $6 billion crypto purge has resulted in a sea of red across the boards this morning. Bitcoin Price Back Below $8k Another day, another dump. Bitcoin Read more…

Bitcoin Cryptocurrency News

Layer1 Secures $50M in Funding to Rebalance the Global Bitcoin Hash Power

Layer1, a cryptocurrency infrastructure platform, has secured $50 million in series A funding in a bid to revolutionize the bitcoin mining space in the U.S.  According to a Layer1 blog post published on October 15, 2019, the funding (which values the company at $200 million) came from legendary investor Peter Thiel, among others. This isn’t Read more…