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World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

Bitmain Technologies is the world's largest producer and exporter of ASIC (application-specific integrated circuit) bitcoin miners. The company has announced that it will offer a discount on Antminer S19 Pro rigs. The machine can produce 100 terahash per seconds (TH/s) and is currently available for $19 per unit or $1,900 each. Antminer mining rigs have

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Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation

On Wednesday afternoon, the U.S. Federal Reserve increased its federal funds rate by three-quarters percent. This follows last week's consumer price index (CPI), which showed that U.S. inflation rose by 8.3% per year. Fed raises Federal Funds Rate by 75bps and anticipates 'Ongoing Increasings' The benchmark bank rate was raised by 75 basis points (bps)

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Fed Goes Big Again With 75 Basis Point Hike In Bid To Curb Inflation

For the third consecutive week, the Federal Reserve raised interest rates by three quarters of a percent point. This sent Bitcoin below $19,000 On Wednesday, the Federal Open Markets Committee (FOMC), raised U.S. interest rate by 75 basis points. This is the third consecutive hike of this size in an effort to combat stubborn inflation

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As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’

U.S. President Joe Biden was criticised for saying that inflation in America had not increased over the past few months. Biden stated that he was telling Americans that inflation will be controlled during Sunday's "60 Minutes" interview. The U.S. Dollar Index (DXY), despite Biden's claims, climbed to the 110.776 area ahead of Wednesday's Federal Reserve

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Visit The Guatemalan Lake Town Mining Bitcoin With Used Cooking Oil

A town in Guatemala, inspired by El Salvador's Bitcoin Beach is focusing on cleaning its lake by diverting cooking oil to bitcoin miners. A circular bitcoin economy in Guatemala is using resources that would otherwise be wasted to fuel a local bitcoin mining operation, giving its resident financial autonomy and demonstrating a viable economic path

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Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm

Nomura Holdings, Japan's financial holding company, and principal member of Nomura Group, announced Wednesday the launch of Laser Digital Holdings, a crypto-focused venture capital arm. Nomura's announcement follows the entry of a few financial giants into the cryptocurrency market this year. Nomura introduces Laser Digital Holdings Nomura Holdings, Japan's investment banking giant, has entered the

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