This firm turned an old power plant into Bitcoin farm—and mined $60 million in a yearThe global crypto market cap is $2.33 trillion with a 24-hour volume of $217.18 billion. The price of Bitcoin is $50,154.10 and the BTC dominance is at 40.3%.
by Liam Frost Over the past few years, private equity firm Atlas Holdings has created arguably the most ambitious and self-sufficient Bitcoin mining facility in the U.S. by repurposing a whole abandoned power plant into a crypto farm. According to Ars Technica’s report published earlier this week, Atlas bought the Greenidge power plant in upstate New York back in 2014. By that time, the coal-powered facility was already long since decommissioned following the bankruptcy of its owner. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Bank of England deputy governor says stablecoins are a shift away from ‘public money’Bank of England deputy governor Jon Cunliffe spoke about the growth of stablecoins and digital money in the UK during a speech yesterday at the OMFIF Digital Money Institute, London. DeFi, staking are live on OMG Network via an Ethereum scaling solutionThe public testnet of OMGX protocol, a layer-2 platform that supports Ethereum smart contracts and token staking, is now live. Tron (TRX) issues $30.9 billion in USDT as Tether reveals reservesBlockchain network Tron (TRX) now boasts the issuance of over $30.9 billion Tether (USDT), a tweet by founder Justin Sun said yesterday. Cardano DeFi moves closer to reality with $5M deFIRE fundraiserdeFIRE is a Cardano-based smart order routing platform. Mark Cuban reaffirms Bitcoin plans after Tesla snub sparks concernsBillionaire ‘Shark Tank’ star Mark Cuban said today that Dallas Mavericks, the Cuban-owned NBA basketball team, will continue to accept Bitcoin regardless of the concerns around the asset’s alleged energy usage, as per a tweet this morning. Traders lost $200 million trading Dogecoin and Shiba Inu (SHIB) yesterdayDogecoin (DOGE) and Shiba Inu (SHIB) traders lost over $200 million yesterday after Ethereum’s Vitalik Buterin dumped part of his stack, data from markets taken by Bybt shows. Cardano’s (ADA) price surges as devs recommend it to TeslaThe price of Cardano (ADA) has spiked to a new all-time of $1.96 today after the Cardano Foundation, the non-profit organization behind the cryptocurrency, asked Elon Musk to “get your people to talk to our people”. MoneyGram gives crypto another try by partnering with Bitcoin ATM firm CoinmeMoneyGram has teamed up with Coinme enabling Bitcoin on/off ramping from physical locations in the United States, as per a release. Ad: Fully on-chain board-game wants players to earn ‘serious cash’ via NFT and DeFiGames and digital collectibles on the blockchain are not a new feature of the crypto market, with the broader non-fungible token (NFT) sector growing to a $25 billion valuation over the past year from an under $50 million market in 2019. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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