Louisa Crawford November 20, 2024 12:10 Canaan Inc. strengthens its North American presence by expanding its Bitcoin mining operations in Texas and Pennsylvania, targeting 10 EH/s capacity by mid-2025. Strategic Expansion in Texas Canaan Inc. (NASDAQ: CAN), a leading provider of high-performance computing solutions, announced a strategic joint mining agreement with Luna Squares Texas LLC (LS Texas), a West Texas-based Bitcoin mining company. According to (PR Newswire)(https://www.pr Newswire), this collaboration is an important step in Canaan’s plans to expand its own mining operations and achieve 10EH/s capacity in North America by mid-2025. prnewswire.com/news-releases/canaan-inc-expands-its-self-mining-footprint-in-texas-and-pennsylvania-302311215.html). Revenue…
Author: Crypto Flexs
Cardano (ADA) price has surged 140% so far in November, largely due to Donald Trump’s re-election as US President. However, some indicators suggest that much of the Trump-inspired ADA gains could decline in the coming days.ADA signals a 35% adjustment for weak skills.Cardano’s ADA price is showing signs of potential downside risk with a bearish “rising wedge” pattern forming on the 4-hour chart. A technical structure, defined by the convergence of upward sloping trend lines, often indicates a potential downward trend reversal.If ADA breaks below the lower trend line of the wedge, the collapse could be as deep as the…
Litecoin’s foray into the meme coin world did not bode well for SHIB. Lead developer slams LTC mascot for referencing Iron Man movie The price of Shiba Inu rose 5% on Monday as Litecoin underwent a correction. Aside from the 35% rise, Litecoin’s (LTC) recent social media communication has garnered as much attention as the OG altcoin’s price action. On Monday, veteran altcoin-turned-memecoin account X kicked off a comprehensive roasting session led by Litecoin’s new mascot, Lester.Litecoin is frowned upon on social mediaThis quirky yet humorous stick figure character was featured in several viral photos over the weekend. Posing with…
press release. Coinratecap is pleased to announce the end of mining after several months. Pre-sale is scheduled for November 20, 2024 at 10:30 PM (UTC). Coinratecap sets out to empower individuals and cryptocurrency enthusiasts by providing transparency, tools, and insights into the markets. From the beginning, the platform’s focus was (…)
Felix Pinkston November 20, 2024 08:53 The Hong Kong Monetary Authority successfully completed the bidding for one-year maturity HONIA index floating rate bonds, with a bid ratio of 2.73, indicating strong interest from investors. The Hong Kong Monetary Authority (HKMA), which represents the Hong Kong Special Administrative Region government, has announced a successful bid for one-year HONIA index floating rate bonds. The event, held on November 20, 2024, saw the issuance of HK$1.5 billion worth of notes under the Infrastructure Bond Program, according to the Hong Kong Monetary Authority. Strong demand evident in bidding…
The main idea of a cryptocurrency pre-sale is that a company offers tokens for sale to investors in order to raise funds for project development. Therefore, investors who purchase tokens will receive a stake in the project and, ideally, will be able to make a profit in the future.Participating in pre-sales may not be entirely straightforward. This is because, despite the potential high profitability, these types of token sales carry high risks for inexperienced investors. The 2017 token sale boom made many people millionaires. But many more people have lost money due to fraud and failed launches. This has pushed…
Hello, cryptocurrency family! 🚀 Let’s take a moment to turn back the clock 10 years. Imagine this: I, the humble site editor at hodlfm.com, am laughing at the whole idea of cryptocurrency. “Buy the air,” I called. Oh my, how things have changed. Back then, it would have been nice to have a Satoshi every time I threw away a digital asset. Fast forward to today and we are riding the cryptocurrency wave on a site that breaks down the complex world of blockchain and digital currencies into simple, understandable bits. Yes, hodlfm.com is that place. Especially if you’re part…
Ethereum (ETH) has been strong over the past two weeks, rising 30% from November 4th to 19th. The rally saw the largest altcoin by market capitalization surpass $3,000 for the first time since August 2.ETH/USD daily chart. source: TradingViewAlthough bullish momentum has slowed over the past few days, on-chain data and technical setup show that ETH still has more upside. Increasing network activity supports Ether priceEther’s strength over the past two weeks has been accompanied by strong increases in both daily active users and transaction numbers. According to Glassnode data, the number of daily active addresses (DAA) on Ethereum has…
A closely watched cryptocurrency strategist believes that top memecoin Dogecoin (DOGE) could be preparing for an explosive surge. Analyst Ali Martinez tells his 80,000 followers on social media platform He uses Google Search Trends to gauge the level of interest in the top memecoins by market capitalization. “I’ve read people saying Dogecoin won’t go up any further because of ‘market cap’, ‘news selling’ or ‘better memes’. Well, looking at the interest in DOGE over time, it seems that its popularity has not yet reached its peak. Simply put, DOGE has a lot more room to grow.” Source: Ali Martinez/X He…
Darius Varu November 20, 2024 05:50 Binance presents Earn Wednesday, offering limited-time cryptocurrency investment opportunities including ETH and SOL staking, dual investing, and more. These offers are available on a first-come, first-serve basis. Binance, a leading cryptocurrency exchange, announced Earn Wednesday, its latest initiative designed to provide users with new and exciting investment opportunities every week. According to Binance, these offerings include various products such as Simple Earn, ETH Stake, SOL Stake, and Dual Investment. Popular limited-time products Binance’s Earn Wednesday offers a variety of flexible and fixed products. The Company reserves the right…