• Bill Miller investing BTC
    Bitcoin,  Commentary,  Cryptocurrencies,  Innovators,  Latin America,  Politics,  United States

    Our Weekly Bitcoin Review

    Odell Beckham Jr’s crypto football salary, the Texas coin-mining boom, and a Bitcoin City in El Salvador

    In the cryptocurrency space,  no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop.  Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…

  • Norwegian Chinese firms buy $100M in crypto
    Cryptocurrencies

    Beyond Tesla? Two firms buy $100M in crypto as store of value… and more

    A Norwegian energy firm and Chinese software company both said their cryptocurrency purchases were a prelude to entering the crypto and blockchain industry as well as investments

    Splashy Bitcoin investments like Tesla’s recent $1.5 billion buy are largely aimed at avoiding losses to currency devaluation, but two firms’ recent purchase of just under $100 million go beyond that.

  • Marathon buys 70000 bitcoin miners
    Bitcoin,  Technology

    U.S. firm buys 70,000 Bitcoin miners for $170 million

    The order by crypto miner Marathon Patent Group is reportedly the largest order in dollar terms ever received by leading mining ASIC producer Bitmain

    Following the delivery of the order of the application-specific integrated circuit (ASIC) mining rigs, Marathon Patent Group will reportedly control over 103,000 miners capable of producing 10.36 exahertz (EH/s).

  • Russian power firm fights illegal miners
    Bitcoin,  Technology,  Uncategorized

    Russian power firm: illegal crypto miners steal $9.5M

    Russian power grid firm Rosseti fears that record high prices will encourage illegal Bitcoin miners and threatens to disrupt the country’s electrical grid

    Russian power firm Rosseti is afraid that record-high Bitcoin (BTC) prices may spur a new wave of illegal cryptocurrency mining operations stealing electricity and threatening to disrupt Russia’s electrical grid.