bitcoin mining

POKKET: Crypto Market Update (Sep 23)

POKKET: Crypto Market Update (Sep 23)

Crypto market recovers, with Bitcoin +4% to $43.8k, ETH back +7.5% to just above $3k. Movers are CELR +33%, IOST +27%, POND FTM +26%, FET CTSI +22%, ALICE AXS MANA +21%, CHR +18%, REN +17%, and rest are up, with no token in Pokket universe down. Blockdaemon closed a $155M series-B round, with plans to expand its teams in Singapore, Japan, and the UK and to make strategic acquisitions to build out its tech stack with the goal of becoming the biggest blockchain infrastructure company. Bitcoin mini…
POKKET: Crypto Market Update (Sep 9)

POKKET: Crypto Market Update (Sep 9)

Bitcoin is a touch softer but basically flat at -1% to $46.3k, ETH is looking better +2.5% to $3510. Movers are IOST +38%, CELR +29%, POLY +12%, FTM +10%, LRC +8%. All the buzz has been around Brian Armstrong’s twitter thread on the SEC threatening to sue Coinbase if they launch their planned lending program, similar to BlockFi — Mark Cuban got vocal and suggested Coinbase sues the SEC for lack of transparency and straight hypocrisy. Alan Howard backed private equity firm 10T Holdings raised $75…
POKKET: Crypto Market Update (Aug 21)

POKKET: Crypto Market Update (Aug 21)

Bitcoin ripped up +5.5% overnight to $49k, now at $48700. ETH is lagging at +3.3% to $3250. Movers are RSR +17%, OCEAN +16%, AKRO +12%, ALPHA LIT REN +11%, CRV BZRX +9%, nothing stands out on downside. In an SEC filing, BlackRock revealed it added another $380M of Marathon Digital, a Bitcoin miner to one of its ETFs. Argo Blockchain, a crypto miner listed on the LSE, filed with the SEC for approval to sell ADS (American Depositary Shares). The SEC has finally managed to fine BitConn(nnnnnn)ect p…
POKKET: Crypto Market Update (Aug 19)

POKKET: Crypto Market Update (Aug 19)

Bitcoin is flat at just above $45k, ETH is the same at barely holding $3k handle. Movers are SRM +21%, SNM +15%, GTO +12%, FET TRU +9%, BRD -18%. Robinhood says crypto revenues were $233M for Q2, and 60% of the user base has traded crypto during the period. The company has promised to add more crypto wallets and will list more coins, although not giving any guidance on timing nor the list of proposed listings. Facebook is gearing up to release it’s own stablecoin wallet, Novi, after almost two q…
POKKET: Crypto Market Update (Aug 1)

POKKET: Crypto Market Update (Aug 1)

Bitcoin is +1% to $41.8k, ETH is +4.8% to $2525. Movers are YFII +21%, FIS +20%, DEGO +18%, rest are within range. China reiterates its stance and vows to continue cracking down on crypto and will ‘maintain high pressure on virtual currency trading hype’, in an effort to gear up for its own ICO, the digital yuan. Meanwhile, cryptwit is increasingly voicing concerns over the $550B US infrastructure bill and the planned $28B tax bill to the crypto industry to help pay for it — …
POKKET: Crypto Market Update (July 29)

POKKET: Crypto Market Update (July 29)

Bitcoin is +1.8% to trade just at $40k, ETH is flat at $2300. Movers are LINA +15%, RSR +11%, POWR +10%, otherwise quiet. Senator Warren makes more comments in a segment on CNBC, reiterating much of the same but also let slip up she feels digital currency "may be an answer to help the unbanked into the financial system". New Jersey is giving BlockFi another month before they ban new account openings. PayPal's Q2 crypto related transaction revenues rose 17%, topping earnings estimates. Bitcoin is…
POKKET: Crypto Market Update (July 25)

POKKET: Crypto Market Update (July 25)

Bitcoin is +1.9% to $34k, ETH is +2.9% to $2175. Movers are ALICE +33%, ADX +23%, AKRO +14%, IOST +13%. A Gallup poll showed 6% of American investors own Bitcoin, compared to 2% back in 2018. Vermont has now joined the list of states probing into BlockFi, over the legality of its interest account product - this is the fourth state, including Alabama, Texas and New Jersey. A New York town wants to ban ugly Bitcoin miners, literally because they are an eyesore and local residents are complaining i…
POKKET: Crypto Market Update (July 24)

POKKET: Crypto Market Update (July 24)

Bitcoin is +3% to $33.3k, ETH is +4.2% to $2100. Movers are AXS +74%, SAND +33%, ALICE +31%, LIT +27%, CHR +22%, DEGO +17%. Amazon says it is exploring cryptocurrency payments, as it lists a job posting for a 'Digital Currency and Blockchain Product Lead' to create a vision and roadmap for new payment products. Binance's CZ said Binance US aims to copy Coinbase's playbook and go public, in an online conference yesterday. Uniswap is blocking multiple tokens on their front end in an attempt to app…
POKKET: Crypto Market Update (July 4)

POKKET: Crypto Market Update (July 4)

Bitcoin is slightly up +2.5% to $34.5k, ETH is also 2.5% to $2200. Movers are AXS +34%, GRT +14%, OMG +11%, AAVE SAND +10%, nothing on the downside stands out. Bitcoin mining difficulty fell by 28% overnight, the largest drop in history as the impact of China's recent crackdown echoes through. Spot volumes on Coinbase are close to the low levels recorded back in Dec20 in USD terms; under 8k BTC traded in past 24hrs - worth noting Tether has not printed anything in the past month. Newsflow and vo…
POKKET: Crypto Market Update (July 3)

POKKET: Crypto Market Update (July 3)

Bitcoin is basically flat to $33.5k, ETH is a touch higher, $2180. Movers are IOST +11%, GRT +10%, rest are in between, pretty tame day. Bitcoin miners have made a claim 56% of energy used is clean, although skeptics arise given the source of data. In a new study looking at 200 countries to analyse how prepared they are for crypto adoption, the US ranks the first, with Cyprus and Singapore following. JPMorgan is eyeing Ethereum staking as a 'fast growing revenue opportunity'. USDC is now availab…