Bitmain, China’s largest manufacturer of top-tier crypto mining machines, has claimed on Wednesday that it suspends sales of its miners globally due to the mining restriction in China. According to Bloomberg, the Beijing-based mining giant decided to cut supply after its rigs have lost their value by about 75% since April. In recent weeks, China…

The venture capital giant Andreessen Horowitz has officially announced the launch of a $2.2 billion fund focused on the crypto industry. The Silicon Valley venture firm, founded by Marc Andreessen and Ben Horowitz in 2019, announced the new $2.2 billion cryptocurrency-focused fund, said in a blog post on Thursday. Crypto Fund III, co-led by Andreessen…

Want to invest in crypto, understanding the risks? CNBC Make It explains what you need to know about cryptocurrency-based DeFi. Despite their wider access to resources, even billionaire investors aren’t immune to risks when it comes to decentralized finance (DeFi). That includes the case of Mark Cuban, who revealed on Wednesday that a DeFi token…

On Wednesday, The Bitcoin Fund debuted on the Nasdaq Dubai exchange became the first digital asset-based fund to list in the Middle East and North Africa. Canada’s largest digital-asset investment fund manager 3iQ Corp seeking to raise around $200 million in the offering. As Reuters reports, the Bitcoin Fund becoming the Middle East’s first listed…

Breaking crypto news from the last week (19-25 June 2021): 19 June: Paraguay, the one more Latin American country that could legislate Bitcoin next month as a legal tender. 20 June: Elon Musk’s tweets have an obvious impact on the prices of cryptocurrencies. However, Ethereum co-creator Vitalik Buterin predicts that the crypto market will develop…

In Venezuela’s economy, disrupted by hyperinflation and United States sanctions, cryptocurrency is a way to provide services and a tool to send remittances, protect wages from inflation and help businesses manage cash flow, Al Jazeera reported. Cryptocurrency in Latin America has attracted attention again in June after El Salvador adopted Bitcoin as legal tender. Its…

Nassim Taleb, the “Black Swan” author and past Bitcoin fan, published his view degrading it. In his words, the coin “can be neither a long or short term store of value (its expected value is no higher than 0).” The author of the “Black Swan” and several bestsellers on finance and risk, as well as…

The United Arab Emirates is a country of unique business opportunities. Lenient taxes and a free trade zone allow for deriving maximum profits. However, only a couple of years ago the attitudes towards cryptocurrency projects here were conflicting. Now a lot is changing and the region is becoming more and more attractive for crypto companies….

The ongoing Polkadot and Kusama auctions generate a lot of buzz in the crypto community. These twin networks, founded by Ethereum co-creator Gavin Wood, give developers an advantage to create new crypto assets and decentralized applications on top of the network, which is interoperable with other blockchains. The auctions are an important step in the…

The price of Bitcoin has suddenly fallen below $30,000 on Tuesday, following the bad news from China. In total, more than half a trillion dollars has been wiped from the crypto market in the last seven days, as the cryptocurrency lost more than 50% since its all-time peak in April. Experts say about the market…