Bitcoin Cash price is under a lot of pressure after it broke the $150 support against the US Dollar. There is a major declining channel formed with resistance near $135 on the hourly chart of the BCH/USD pair.
There is a consolidation going on among the bitcoin miners that perform the complex calculations to generate the digital currency after the plunge rendered many of them unprofitable.
The “Digital Peso” project is aimed at reducing friction for international remittance and establishing a two-way corridor between the Phillippines and China.
Mining giant Bitmain has just launched a new cryptocurrency index. The index is for investors who are interested in having a benchmark for their investments.
Another cryptocurrency mining firm, Giga Watt falls out of the race declaring itself bankrupt and unable to refund its $7 million-debt to investors.
Under the FEC advisory opinion, it would be possible to support political campaigns by donating computer power to mine crypto for preferred candidates.
A new crypto startup Coinmine, recommended by Coinbase CTO Balaji Srinivasan for home mining, can currently mine Ethereum, Ethereum Classic, Monero and Zcash.
Crypto mining company BitFury has closed a $80 million private funding round led by European venture capital firm Korelya Capital and billionaire Mike Novogratz.
Ethereum’s blockchain venture production studio, ConsenSys, expands its activities by acquiring an asteroid mining company called Planetary Resources.