• markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: PlanB says Bitcoin price ‘Won’t stop at $100K’ despite price dip

    Little interest in this week’s price retracement as attention focuses on a “game-changing” institutional adoption wave reportedly soon to hit the headlines

    As for institutional adoption, “...I don't think, I know, starting more or less next week, you're going to see an absolute drumbeat of pretty game-changing milestones from some of these firms,” said NYDIG CEO Robby Gutmann.

  • Chinese firm buys $155M bitcoin mining machines
    Bitcoin,  Cryptocurrencies,  Regulation

    Chinese firm enters Bitcoin mining with $155M ASIC machine order

    Despite China’s growing pollution-based crackdown on Bitcoin production, Zhongjia Bochuang wants 2,000 crypto mining machines running by May, with plans to grow to 20,000

    While the mining machines are a new business line for ZJBC, it is not the AI and cloud communications-focused company's first foray into the cryptocurrency mining business. It noted that one of its subsidiaries, Changshi Telecommunication, has been building and maintaining blockchain mining farms since 2018.

  • Symbol blockchain launches
    Uncategorized

    Symbol blockchain launches, with bourbon-backed security token

    Developer New Economy Movement says the public blockchain will run in parallel with its NIS1 blockchain, adding DeFi and security token capabilities

    NEM’s Symbol is intended to run in parallel with its NIS1 protocol, expanding its capabilities to include decentralized finance (DeFi), security token offering (STO) and regulated assets applications. Among the first tokens to launch on Symbol: The Kentucky Whiskey Digital Fund security token, backed by an inventory of roughly four million bottles of bourbon.

  • Bitcoin

    Oakland A’s selling discount luxury suites for Bitcoin

    The price is set at one Bitcoin for a season six-person suite which costs $64,800—currently almost a $9,000 discount

    The team is pitching the offer as a gamble, with Kaval noting that suites’ prices will fluctuate with the price of bitcoin, which he said, “adds to the excitement.” Of course, that means if bitcoin rises past $64,800 by the season’s close on Oct. 8, purchasers will have overpaid—assuming they aren’t selling BTC to pay for the suite in the first place.