Crypto Miners - FinTecBuzz

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FinTecBuzz

Crypto Miners Reap the Benefits of a favorable market climate

Crypto Currencies

Crypto Miners Reap the Benefits of a favorable market climate

October 22, 202113 min

This year has been crucial for the future of the cryptocurrency and blockchain markets. Overall, the approach of financial institutions, businesses and even certain governments has significantly changed in recent years, as commercial payments are slowly warming up to the prospects of Bitcoin. One of the major reasons for this is that a Bitcoin payment is faster, cheaper, safer and less volatile than the local currencies in many countries. In addition, some of the problems...

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Crypto Miners Adapt to the Quickly Shifting Market Landscape

Crypto Currencies

Crypto Miners Adapt to the Quickly Shifting Market Landscape

October 8, 202116 min

The price of Bitcoin was once again above the USD 50,000 mark after Bank of America Corp. strategists announced support for crypto as a new asset class. As reported by Bloomberg, with its latest rally, Bitcoin has broken through two key resistance levels and is now trading at the higher end of its two-month-long consolidation range, according to a report from Arcane Research. The coin hovered around USD 45,000 for a while before finally breaking out. That means the USD...

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U.S. Based Crypto Miners Reap the Benefits

Crypto Currencies

U.S. Based Crypto Miners Reap the Benefits

September 28, 202114 min

The Chinese government’s crackdown on cryptocurrencies is once again in the news. According to CNN, Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and promised to punish illicit activities involving digital currencies. The first stages of the crackdown have already caused many crypto miners to leave China and set up operations elsewhere. In fact, Texas seems to be one of such desired...

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