Tag: Bitcoin

Phoenix Technology Consultants LLC, a tech firm based in the UAE, has ordered crypto mining rigs for $650 million. This one of the largest purchases on record was revealed on Tuesday by Phoenix Tech CEO Munaf Ali at the World Digital Mining Summit (WDMS) in Dubai. The brand new generation machines delivery will start in…

Game publisher Electronic Arts (EA) has told investors that collectible NFTs are “an important part of the future of our industry.” EA’s CEO sees promise for tracking in-game collectibles and “play-to-earn” schemes. During an earnings call this week, EA boss Andrew Wilson referred to NFTs and blockchain gaming as an “important part about the future…

Venmo, PayPal, and Cash App have added cryptocurrency purchasing to their popular payment services, expanding the reach of Bitcoin, Ether, and other digital coins to investors who may be daunted by intricate exchanges and a multitude of digital wallets. However, that convenience comes at a cost that can eat away at returns. Payment apps are…

Miami Mayor Francis Suarez has committed to taking his next paycheck fully in Bitcoin, becoming the first known U.S. politician to make such a move. In a Tuesday Twitter post, Suarez said he aimed to be the first United States lawmaker at the state or federal level to accept part of his salary in Bitcoin…

After Bitcoin’s launch in 2009, a robust industry blossomed, stemming from the asset, its concept, and its underlying technology. The crypto and blockchain space boasts different niches in which projects and companies develop solutions for various use cases. One such niche is the decentralized finance (DeFi) sector, which was created as an alternative to traditional…

Famous investor Kevin O’Leary claimed that sovereign funds in Saudi Arabia and the UAE represent the “real opportunity” for transforming the crypto marketplace, speaking in a recent interview with Anthony Pompliano on The Best Business Show. O’Leary, also known as “Mr. Wonderful” on ABC TV series “Shark Tank,” highlighted the group of investors he believes…