Webonanza

Webonanza

in-depth news on information technology, space & AI

Green Swedish Crypto Coming Online

We are seeing more green initiatives from the far North: Goobit Group has signed a collaboration agreement with Xpecunia Nordic. The agreement gives Goobit exclusive rights across the Nordic countries to sell the cryptocurrency that Xpecunia Nordic extracts by means of green energy. This makes BTCX the first Nordic exchange

Chia debunked: a not so smart way of burning resources

Every year since Bitcoin's launch, tech guys suggest what they believe are novel ideas and present them as "better than bitcoin." Read (Bitcoin is Backed by Power – Energy/Time = Truth [https://www.webonanza.com/bitcoin-is-an-information-network-backed-by-energy-divided-by-time/] ) to understand why energy is needed to protect Bitcoin and why it's a wholly new

Crypto Chatter Friday - no FUD, no PUMP, no FOMO

It was all fun and games and Elon SNL memes when the online crypto webonanza continued unabated this week.

"Halfway" Formation Spotted – Monday TA chatter points towards a Bitcoin price of £62k

The important Bitcoin metric RSI (The Relative Strength Index) has been falling since January. The falling RSI is bullish because it should've resulted in more considerable sell-offs, but instead, it now creates a possible upside. The market is still consolidating, and has been since January. In this respect, Bitcoin acts

New Jersey’s county seized crypto – gained over 250%

Individuals and organizations are not the only ones profiting from the crypto industry. The latest addition to the growing list of crypto profiteers is Monmouth county in New Jersey, United States, who, through the office of the prosecutor, announced that crypto-assets seized in 2018 had generated a gain of 250

Despite ban, Bitcoin P2P trading volume captures $1.5+ billion in Nigeria

Recently, the Nigeria crypto space was met with a rude awakening when the Central Bank of the country barred financial institutions from providing their services to companies dealing in crypto-related transactions. However, despite this high level of hostility towards Bitcoin and other crypto assets, the African country has witnessed tremendous

Report: Bitcoin miners are hoarding

A leading crypto analytic site, Glassnode, has revealed [https://twitter.com/glassnodealerts/status/1387652923874762756] an interesting attitude amongst Bitcoin miners in recent times. According to the site, miners of the top crypto asset are now accumulating more of the flagship cryptocurrency than in recent months. Per the chart released by

SEC postpones VanEck Bitcoin ETF decision

Leading financial regulator in the United States, the Securities and Exchange Commission (SEC), has revealed that it would need more time to review the application of Vaneck for a Bitcoin exchange-traded fund (ETF). This delay comes when the new head of the agency, Gary Gensler, reviews all ETF applications submitted

Facebook quells rumor about Bitcoin holding

While many in the crypto space were expecting Facebook to declare that it was holding Bitcoin on its balance sheet during its Q1 earnings call, the social media giant has now silenced the rumors after it ended the call without mentioning the leading crypto asset.

Ethereum market cap flips PayPal as it reaches new ATH

In the early hours of Wednesday, Ethereum's price moved by 7 percent, pushing the asset to a new all-time high which is above $2700, according to data from Coinmarketcap [https://coinmarketcap.com/currencies/ethereum/]. This also pushed its market cap beyond $310 billion, which placed it on par with leading