CRYPTO

Authored by Vivek Sun via BitcoinMagazine.com,

Argentina's energy sector is increasingly turning to Bitcoin, this time with a state-owned facility using stranded natural gas from oil fields that would otherwise be wasted.

State-owned energy firm YPF's subsidiary, YPF Luz, recently partnered with Genesis Digital Assets (GDA) to launch a gas flare-powered mining facility. It will harness 1,200 machines to monetize gas currently being flared into the atmosphere.

This comes (more…)

Authored by Tom Mitchelhill via CoinTelegraoph.com,

The United States House of Representatives has voted to pass a bill that overturns controversial Securities and Exchange Commission guidance preventing banks from owning crypto. 

On May 8, the House voted to pass a bipartisan bill dubbed H.J. Res 109 which overturns the SEC’s Special Accounting Bulletin (SAB 121) that requires banks to hold their customers’ crypto assets on (more…)

For all its positives, bitcoin is perhaps the only security that prices in the same news over, and over, and over again (especially when the news is bad). We saw this last month when bitcoin tumbled repeatedly after every single fake attack in the fake Iran-Israel war, as if it was pricing armageddon over and over instead of actually reading between the lines of the staged operate between the two middle-eastern states. It eventually rebounded and recouped most losses but not before finding (more…)