TL;DR Breakdown • A electricity company in Texas offers 90 percent of the state’s energy to crypto-mining.• Crypto mining in Texas consumes over 1,000 MW. As Texas adapts to the new crypto mining ecosystem, several companies such as Electric Reliability make history in Bitcoin mining operations. According to reports, Texas has gained 20 percent in […]
TL;DR Breakdown Stripe is considering crypto payments after knocking over the option in 2018.  The payment firm is also recruiting a new crypto squad to pilot its future payment system. US fintech giant Stripe could adopt crypto payments in the future. According to the co-founder John Collison, it’s not implausible that the company would consider […]
TL;DR Breakdown Regal Cinema adds crypto payment as payment means. Regal accepts more crypto than AMC Cinemas. Top American movie theater chain Regal Cinema has joined AMC theatre to add cryptocurrency as a means of payment for movie tickets. Regal Cinemas announced on Wednesday that it is accepting an array of cryptocurrencies for payments in […]
TL;DR Breakdown Rest Super might be the first Australian Fund to join the crypto space. The disclosure makes Rest the first notable super Fund to show advances in the crypto space.  The amount Rest Super intends to invest remains unclear to the public.  Rest super is the first Australian pension scheme to show genuine interest in exposing […]
TL;DR Breakdown • The bank will accept over five cryptos for virtual transactions.• LHV seeks to boost crypto-commerce in the country in Europe. LHV, which corresponds to one of the most enigmatic banks in Estonia, announced that it would accept cryptocurrencies. The bank in Europe will initiate crypto trading, employing all citizens to benefit from […]
TL;DR Breakdown IMF expresses concern over El Salvador Bitcoin adoption. Says Bitcoin should not be a legal tender in the Central American country. Lists risks such as consumer protection, high volatility as reasons BTC should be frowned at. Once again, The International Monetary Fund (IMF) has raised concerns over El Salvador’s Bitcoin adoption as legal […]
TL;DR Breakdown Decentralized Autonomous Organizations (DAOs) pique interest among the crypto community. DAOs allow investors to participate in protocol governance simply by holding the project tokens.  The cryptocurrency and blockchain world is swarmed with new projects by the day. One of the latest ones, DAOs, seems to be shaking things up and is even getting […]
TL;DR Breakdown Citi group hires over 100 crypto professionals for its digital asset department. Bank set to begin offering crypto services to clients soon. Scores of American banks also want to begin offering crypto service. American multinational investment bank Citi group has been on a crypto hiring spree over the past week as the bank […]
TL;DR Breakdown: Robinhood successfully completed a test transfer from their soon-to-launch wallet using Dogecoin. The wallet will enable users to deposit and withdrawal cryptocurrencies from the platform.  The Robinhood crypto wallet is nearing public release. On Monday, the Crypto CCO for the company, Christine Brown, tweeted that they successfully conducted an external transfer through their […]
TL;DR Breakdown Mercado Libre is venturing into the crypto space through a digital payment app. A lot has gone into research and study to learn the viability and success of the project. The firm is allowing clients to buy, sell and hold cryptocurrencies. Mercado Libre, an online retailer in South America, is allowing Brazilians to […]