Bitmain to launch new Bitcoin miner with a touted hash power of 150 TH/s

https://www.theblockcrypto.com/linked/123505/bitmain-new-bitcoin-miner-150-terahash

"It boasts a computing power of 150 #terahashes per second (TH/s) with an #energy consumption of 3.1 kilowatt-hours (#kWh), the source said.

"Will announce #S19XP at its mining conference in Dubai this week."

"The new #miner is boasted to be 36% stronger by using a similar amount of energy."

#Bitcoin  #BitcoinMining #ASIC #SHA256 #Bitmain #Antminer #ColinWu #TheBlock #TheBlockCrypto

Coinbase is rolling out a direct paycheck deposit feature for US users

https://www.theblockcrypto.com/post/118824/coinbase-direct-paycheck-deposit-feature-us-users

"Customers can get paid in crypto or US dollars and can choose any percentage of their paycheck to deposit."

"In the coming weeks, we'll launch [this service]."

#Bitcoin  #Coinbase #TheBlock #TheBlockCrypto

Binance suspends deposits from key European payments network [SEPA]

https://www.theblockcrypto.com/linked/110617/binance-suspends-deposits-from-key-european-payments-network

"The #exchange said the decision was caused by 'events beyond our control,' the #FT noted."

"#Binance said the move to cut deposits will be temporary."

--
Binance ‘temporarily suspends’ payments from EU’s Sepa network:
https://www.ft.com/content/bf99e9e3-d104-4a92-81a1-8bd70b884b3f
https://archive.is/zCPOX (w/o paywall)

#Bitcoin  #SEPA #SingleEuropeanPaymentsArea #Europe #Euro #EU 🇪🇺 #BitcoinExchange #TheBlock #TheBlockCrypto

Bitcoin mining company that repurposes waste coal raises $105 million in funding

https://www.theblockcrypto.com/linked/109178/waste-coal-bitcoin-mining-stronghold-105-million

"#Stronghold’s #Scrubgrass Generating Plant [added #bitcoin  #mining, which provides] an economic incentive to continue cleaning up waste #coal piles and land."

"Scrubgrass eliminates more than 90% of toxic substances from the waste coal in the #energy production process."

#BitcoinMining #BitcoinMiner #Miner #WasteCoal #ASIC #Hashrate #Electricity #TheBlock #TheBlockCrypto

Silvergate Bank cuts ties with Binance, disabling USD deposits and withdrawals

https://www.theblockcrypto.com/post/108064/silvergate-bank-binance-cut-ties-crypto

"Binance will no longer support USD deposits and withdrawals via Silvergate Bank over SWIFT from June 11."

"It is unclear why Silvergate Bank ended the partnership with Binance and whether it also affects Binance.US."

#Bitcoin  #Binance #BinanceUS #SWIFT #Silvergate #SilvergateBank #TheBlock #TheBlockCrypto

Kraken to halt some U.S. margin trading in light of regulatory guidance

https://www.theblockcrypto.com/linked/107975/kraken-to-halt-some-u-s-margin-trading-in-light-of-regulatory-guidance

"#Kraken clients based in the U.S. [who do not qualify] will no longer be able to access #margin trading."

"Any open positions will expire 28 days from the day they were opened."

"Clients outside the U.S. will not be affected."

--
Kraken blog post:
https://blog.kraken.com/post/9514/new-requirements-for-u-s-and-starter-tier-clients-to-qualify-for-margin-trading

#Bitcoin  #KrakenFX #Leverage #MarginTrading #Exchange #CFTC #Regulations #TheBlock #TheBlockCrypto

Diem leaves Switzerland for US, announces plan to work with Silvergate on dollar-backed stablecoin

https://www.theblockcrypto.com/linked/104696/diem-leaves-switzerland-for-us-announces-plan-to-work-with-silvergate-on-dollar-backed-stablecoin

"Libra Association then [pivoted from planning] a "basket of currencies" to [planning a] USD-backed stablecoin.

--
Silvergate to be the Exclusive Issuer of U.S. Dollar Backed Stablecoins by Diem:
https://ir.silvergate.com/news/news-details/2021/Silvergate-to-be-the-Exclusive-Issuer-of-U.S.-Dollar-Backed-Stablecoins-by-Diem/default.aspx

#Bitcoin #Facebook #Diem #DiemAssociation #Libra #LibraAssociation #CH 🇨🇭 #US 🇺🇸 #USD #Stablecoin #Silvergate #SilvergateBank #TheBlock #TheBlockCrypto

CME launches micro bitcoin futures

https://www.theblockcrypto.com/linked/103593/cme-launches-micro-bitcoin-futures

"The micro bitcoin futures are 1/10th the size of one bitcoin and will be settled in cash."

#Bitcoin  #Futures #Derivatives #CME #MicroBitcoin #TheBlock #TheBlockCrypto

Spot trading volumes on legitimate crypto exchanges hit $1.58 trillion in April

https://www.theblockcrypto.com/linked/103564/crypto-spot-volumes-legitimate-exchanges-april

"The $1.58 trillion figure represents a 49% increase compared to March's $1.06 trillion."

#Bitcoin  #Exchange #Volume #MonthlyVolume #Chart #CryptoCompare #TheBlock #TheBlockCrypto