BTC

Traders Union Experts Name Best Bitcoin Mining Sites

Retrieved on: 
Tuesday, February 7, 2023
General Retailers and Traders Union, BTC, Gold, Mining, Cryptocurrency, Bitcoin

TU experts selected the Best Bitcoin Mining Sites to use as an alternative.

Key Points: 
  • TU experts selected the Best Bitcoin Mining Sites to use as an alternative.
  • Professional Bitcoin mining requires considerable investment for purchasing equipment, but traders can also mine the first cryptocurrency on specialized online platforms.
  • Traders Union experts selected the Best Bitcoin Mining Sites and compared their conditions.
  • The best BTC cloud mining sites according to Traders Union are:

Bit Brother Announces Delivery of Another 400 S19J Pro Mining Servers

Retrieved on: 
Tuesday, February 7, 2023
United States v. International Boxing Club of New York, Inc., BTC, BTB, Mining, Cryptocurrency

CHANGSHA, China, Feb. 7, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", "BTB" or "Bit Brother") (NASDAQ: BTB) is pleased to announce that additional 400 S19J Pro Mining Servers purchased from Blockworx1 LLC were delivered to the Company's Texas mining farm on February 3, 2023, and are expected to be fully installed and operating by April 2023.

Key Points: 
  • CHANGSHA, China, Feb. 7, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", "BTB" or "Bit Brother") (NASDAQ: BTB) is pleased to announce that additional 400 S19J Pro Mining Servers purchased from Blockworx1 LLC were delivered to the Company's Texas mining farm on February 3, 2023, and are expected to be fully installed and operating by April 2023.
  • As of today, a total of 1,400 of the Company's S19J Pro servers are in operation.
  • With the additional 400 servers, an aggregate hash rate of 180,000 TH/S will be reached, assuming all the rigs operate as expected.
  • Approximately 9 Bitcoins have been mined by the Company's mining servers at the Texas mining farm.

Bit Digital, Inc. Announces Monthly Production Update for January 2023

Retrieved on: 
Monday, February 6, 2023
BTC, USDC, Treasury, Miner, ETH, Digital, Cryptocurrency

NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of January 2023.

Key Points: 
  • NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of January 2023.
  • In January 2023, the Company earned 134.3 bitcoins, a 3% increase compared to the prior month.
  • The increase in production was primarily driven by a higher average active hash rate, partially offset by an increase in network difficulty.
  • The Company had cash and cash equivalents of $28.0 million as of January 31, 2023.

Enjin-backed Efinity (EFI) approved by Japan regulator

Retrieved on: 
Friday, February 3, 2023
Crypto, Enjin Coin, AXS, ASTR, Green List (2005), ENJ, CHZ, DOT, Non-fungible token, ETH, API, Japan–Taiwan Exchange Association, Astar, The Japan Times, Ecosystem, Payment Services Act 2019, BTC, CFA, Metaverse, EFI, Axie Infinity, Markets in Crypto-Assets, KLAY, NFT, Cryptocurrency, Bitcoin, Ether, Polka dot

SINGAPORE, Feb. 3, 2023 /PRNewswire/ -- The Efinity token (EFI) was approved by the Japan Virtual and Crypto-assets Exchange Association (JVCEA) last January 26, 2023, allowing Japanese crypto-asset providers to handle EFI.

Key Points: 
  • SINGAPORE, Feb. 3, 2023 /PRNewswire/ -- The Efinity token (EFI) was approved by the Japan Virtual and Crypto-assets Exchange Association (JVCEA) last January 26, 2023, allowing Japanese crypto-asset providers to handle EFI.
  • EFI joins the handful of approved metaverse/gaming tokens, with Enjin Coin (ENJ), The Sandbox (SAND), Axie Infinity (AXS), Chiliz (CHZ), and Klaytn (KLAY).
  • ENJ became the first approved metaverse/gaming token in 2021.
  • Japan was described as "well developed" and an "early mover" in crypto regulation in a January 2023 Japan Times article .

The Pilot Version of GMX Powered by dappOS is Going Live

Retrieved on: 
Wednesday, February 1, 2023
Ethereum, Avalanche, BSC, GitHub, UNI, Workflow, ETH, BTC, LINK, GLP, Chain-link fencing, TVL, Multimedia, AVAX, Dapp, GMX, Cryptocurrency, Decentralized finance, Treaty of Dappes

dappOS simplifies the procedures and makes DeFi intuitive, allowing users to access GMX seamlessly cross-chain.

Key Points: 
  • dappOS simplifies the procedures and makes DeFi intuitive, allowing users to access GMX seamlessly cross-chain.
  • GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and enables permissionless leveraged trading.
  • GMX users can trade, hedge and earn yield by providing liquidity for leading tokens including ETH, BTC, AVAX, UNI and LINK.
  • GMX became the top dApp on Arbitrum by TVL and the leading perpetual exchange in DeFi, over the last year.

Threshold's tBTC Launches Minting for Only Decentralized, Permissionless, Scalable BTC Bridge to DeFi

Retrieved on: 
Tuesday, January 31, 2023
Ethereum, Synthetix, Decentralized finance, Vernacular, Yearning to Belong, Entropy, BTC, Take, Partnership, SAN, Cryptocurrency, Bitcoin, Catalog

SAN MATEO, Calif. , Jan. 31, 2023 /PRNewswire/ -- Threshold Network, a provider of cryptography services to unlock greater utility of digital assets, announced the launch of tBTC, the industry's only decentralized, permissionless, and scalable Bitcoin-to-Ethereum bridge. The launch will allow users to wrap their BTC in exchange for tBTC tokens that can be deployed in the Ethereum ecosystem. tBTC's optimistic minting model is now live in partnership with Curve DAO, Yearn.Finance, Synthetix, Connext, Alchemix, Euler, and Aave as minters, with further support from Catalog, BadgerDAO, StakeDAO, Entropy, and respected community members and DeFi OGs as guardians.

Key Points: 
  • The launch will allow users to wrap their BTC in exchange for tBTC tokens that can be deployed in the Ethereum ecosystem.
  • Minters are a permissioned group of actors responsible for monitoring the chain and minting tBTC after each valid deposit.
  • Fully permissionless minting, launched later this year, will remove the need for both groups, leaving the responsibility for minting tBTC to stakers on the Threshold Network.
  • tBTC's launch makes it possible for the wealth held in BTC to be deployed across the dynamic, fast-evolving Ethereum DeFi universe.

BIT TO UTILIZE CIRCLE'S 'FIAT TO CRYPTO' ON-RAMP AND USDC SETTLED PRODUCTS

Retrieved on: 
Tuesday, January 31, 2023
USD Coin, USDT, USD, USDC, BIT, BTC, Growth, ETH, Pharmaceutical industry, Cryptocurrency, Tether, Circle, Ether, Bitcoin

More than $43 billion USDC is now in circulation as of January 13, 2023.

Key Points: 
  • More than $43 billion USDC is now in circulation as of January 13, 2023.
  • This collaboration with Circle will allow BIT users to transfer fiat into their BIT accounts as USDC and withdraw USDC to USD via bank wire.
  • "BIT looks forward to a long and fruitful relationship with Circle," said Lan Yue, co-founder and COO of BIT.
  • Together, we will provide the stability of USDC to BIT customers and making USDC more accessible," said Raagulan Pathy, Vice President of Asia Pacific for Circle.

BIT TO UTILIZE CIRCLE'S 'FIAT TO CRYPTO' ON-RAMP AND USDC SETTLED PRODUCTS

Retrieved on: 
Tuesday, January 31, 2023
USD Coin, USDT, USD, USDC, BIT, BTC, Growth, ETH, Pharmaceutical industry, Cryptocurrency, Tether, Circle, Ether, Bitcoin

More than $43 billion USDC is now in circulation as of January 13, 2023.

Key Points: 
  • More than $43 billion USDC is now in circulation as of January 13, 2023.
  • This collaboration with Circle will allow BIT users to transfer fiat into their BIT accounts as USDC and withdraw USDC to USD via bank wire.
  • "BIT looks forward to a long and fruitful relationship with Circle," said Lan Yue, co-founder and COO of BIT.
  • Together, we will provide the stability of USDC to BIT customers and making USDC more accessible," said Raagulan Pathy, Vice President of Asia Pacific for Circle.

Introducing COVOLP: The Future of Crypto Leverage Trading

Retrieved on: 
Monday, January 30, 2023
Bitcoin, Ethereum, USD, DAI, MATIC, USDC, Decentralized finance, Chain-link fencing, BTC, UNI, Buy, ETH, Index, LINK, Redemption, Fee, Cryptocurrency, Polygon

Covo Finance is a decentralized spot and perpetual exchange that enables direct trading of cryptocurrencies like Bitcoin, Ethereum, and Chainlink from crypto wallets with low fees and zero price-impact trades.

Key Points: 
  • Covo Finance is a decentralized spot and perpetual exchange that enables direct trading of cryptocurrencies like Bitcoin, Ethereum, and Chainlink from crypto wallets with low fees and zero price-impact trades.
  • COVOLP holders benefit from the trading activity on the platform, earning a profit when leverage traders incur a loss and vice versa.
  • COVOLP is a token that provides liquidity for leverage trading in the DeFi ecosystem, with the ability to mint COVOLP using various cryptocurrencies.
  • By bridging to Polygon and purchasing COVOLP, users can start earning rewards and benefiting from trading activity on the platform.

Introducing COVOLP: The Future of Crypto Leverage Trading

Retrieved on: 
Monday, January 30, 2023
Bitcoin, Ethereum, USD, DAI, MATIC, USDC, Decentralized finance, Chain-link fencing, BTC, UNI, Buy, ETH, Index, LINK, Redemption, Fee, Cryptocurrency, Polygon

Covo Finance is a decentralized spot and perpetual exchange that enables direct trading of cryptocurrencies like Bitcoin, Ethereum, and Chainlink from crypto wallets with low fees and zero price-impact trades.

Key Points: 
  • Covo Finance is a decentralized spot and perpetual exchange that enables direct trading of cryptocurrencies like Bitcoin, Ethereum, and Chainlink from crypto wallets with low fees and zero price-impact trades.
  • COVOLP holders benefit from the trading activity on the platform, earning a profit when leverage traders incur a loss and vice versa.
  • COVOLP is a token that provides liquidity for leverage trading in the DeFi ecosystem, with the ability to mint COVOLP using various cryptocurrencies.
  • By bridging to Polygon and purchasing COVOLP, users can start earning rewards and benefiting from trading activity on the platform.