United States headquartered cryptocurrency mining operations are determined to increase their hashrate with more hardware despite Bitcoin's (BTC) quarterly decline. Marathon Digital Holdings and GEM Mining companies in the US told Cointelegraph this week that they expect the size of their own operations to grow by at least doubling the number of machines in their facility by 2022.
US Secret Service Launches Crypto Awareness Center to Educate The Public About Digital Asset Security
The US Secret Service has launched a cryptocurrency awareness center. The new platform will "include the latest developments in the agency's work to combat the illegal use of digital assets, as well as provide public awareness information on how to ensure digital assets are safe and remain secure."
Bitcoin Returns to $38,000 After Biden Addresses Russia-Ukraine Dispute
In light of US President Joe Biden's comments about Russia's invasion of Ukraine, the price of Bitcoin has recently increased by $2500 in an hour. The market panic surrounding the conflict has returned to its price before it happened.
Bitcoin Funding Rates Show “Robust Capitulation Signal and Prices Are Near Bottom”
According to crypto analytics firm Santiment, the majority of investors are now opting for short-selling futures, which “could result in liquidations that skyrocketed prices.”
CryptoQuant CEO Says Digital Gold Discourse Will Survive If MicroStrategy Continues HODLing Bitcoin
In a recent tweet, Ki Young Ju, CEO of crypto market analytics firm CryptoQuant, weighed in on the subject. He believes that as long as institutions like MicroStrategy continue to buy Bitcoin, the asset's "digital gold" narrative will continue to apply.
Russians Will Be Restricted to Buying $7,700 Worth Bitcoin Per Year In New Proposed Law
Russia will limit the number of cryptocurrencies purchased by citizens in a new bill aimed at regulating digital currencies in the country. The bill, backed by the finance ministry, recognizes Bitcoin and other cryptocurrencies as investment vehicles rather than a payment option, FXStreet reported.
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