Tag Archives: Amid

Hamas Turns to Cryptocurrencies Amid Mounting Financial Scrutiny

According to a spokesperson for Qassam Brigades Abu Obaida, the move was deemed necessary because Israel has been actively trying to close down all channels of financial support to the group. The Qatari government, one of the group’s strongest allies, has received emergency cash donations in light of these restrictions. Moving to Bitcoin will likely serve as a long-term solution for the group, in spite of the slightly more complicated onboarding process for first-time users. Continue reading Hamas Turns to Cryptocurrencies Amid Mounting Financial Scrutiny

Litecoin Hashrate climbs back above 200TH/s amid two months of growth

Despite current market conditions the Litecoin Network has just retaken another target by surpassing 200TH/s (terahash) hashrate as continued growth extends for a second consecutive month. As such, even though market value is down ~85% (sitting at $41) from its peak, the network security has only fallen by ~30% according to data provided by BitInfoCharts. Continue reading Litecoin Hashrate climbs back above 200TH/s amid two months of growth

NYC Bets on Crypto: Opens 4,000-Sq-Foot Blockchain Center amid Bitcoin Bear Market

New York City is doubling-down on crypto despite the bitcoin bear market. The NYC Economic Development Corp. opened a 4,000-square-foot Blockchain Center on Thursday (Jan. 10) amid the Crypto Winter. Why? Because the EDC is in it for the long haul, says an executive. Continue reading NYC Bets on Crypto: Opens 4,000-Sq-Foot Blockchain Center amid Bitcoin Bear Market

Bitcoin Mining Giant Bitmain Closes Israeli Branch amid Market Woes

With the bitcoin price trading more than 80 percent below its all-time high, not even Bitmain, the world’s largest cryptocurrency mining firm and the crypto industry’s most valuable company, has been immune from the slaughter. Continue reading Bitcoin Mining Giant Bitmain Closes Israeli Branch amid Market Woes