Author name: Cryptoolio

The United States is now the top location for bitcoin miners in the world, according to new data from the University of Cambridge, breaking China’s stranglehold on the industry after Beijing’s cryptocurrency crackdown sent miners scrambling to new locales.  As of July, more than a third (35.4%) of bitcoin’s hashrate—a measure of the mining network’s computing power—was […]

Bitcoin went on a massive surge on Tuesday, reaching its highest level since May, while other cryptocurrencies suffered losses. It rose beyond $57,600 on Tuesday morning, as investors look forward to the U.S. Securities and Exchange Commission\’s (SEC) approval in the coming weeks of a Bitcoin Exchange-Traded Fund (ETF). By Tuesday night, however, Bitcoin slid

Bakkt will now be using Google Cloud as its main cloud provider. The crypto company also plans to begin creating new analytics tools with AI, machine learning and geolocation to gather data on customer behavior.  This will \”provide Bakkt consumers with expanded loyalty redemption options while providing Bakkt partners with valuable consumer behavior patterns powered

In May, we brought you news of a massive bitcoin mining rig caught operating illegally in the UK. Then, last July, we told you about an illegal crypto mining farm that got busted in Ukraine.  Now, yet another illegal crypto mining plant has been discovered — this time in Alberta, Canada. It all began when the neighbors complained of

Litecoin LTC, the cryptocurrency that was conceived to provide fast, secure, and low-cost payments through the blockchain has turned 10 years old.  The Coin: LTC was released on Oct. 7, 2011, and the network went live five days later on Oct. 13, 2011.  Today, it is the 15th largest coin by market capitalization and scores 0.54% in

Over $6 trillion in transactions were settled on the Ethereum ETH blockchain over the last year.  What Happened: According to a report from crypto research platform Messari, Ethereum has settled $6.2 trillion in transactions over the last 12 months.  “This figure is up 369% compared to 2020, and was powered by a strong Q3 where Ethereum settled $1.5 trillion,” commented Messari

If you woke up one morning to millions of dollars worth of cryptocurrency in your account, would your first thoughts be about returning the money from whence it came? It\’s something to ponder, but regardless hundreds if not thousands of users on the Compound Finance platform found themselves in this moral predicament after a bug deposited random

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton/File Photo. The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times

New York (CNN Business)Wall Street logged its worst month of the year in September, and also ended its final trading day of the quarter in the red.Stocks have been extremely choppy in September, as investors grappled with an abundance of issues: high inflation expectations, rising bond yields, the pace of the economic recovery, America\’s debt

Elon Musk sees a long-term role for cryptocurrency, \”but I don\’t think it\’s the second coming of the Messiah,\” he said at the Code Conference this week. The SpaceX and Tesla chief noted that cryptocurrency is fundamentally aimed at reducing the power of a centralized government, which rankles authoritarian countries like China, where cryptocurrency mining