Bitcoin mining company Griid quietly made a significant disclosure last month: a deal with tech conglomerate Intel to provide it with hardware.

The post Intel is already active in the bitcoin mining chip business, filing shows appeared first on The Block.

The proposed "Bonanza Mine" promises to be a new, viable option to compete against traditional mining rigs.

Intel, a chip giant manufacturer, appears to be contemplating about entering into the Bitcoin mining hardware business. However, that might not be part of its upcoming GPUs.

ATOM coin price gives a bearish fallout of the rising expanding wedge pattern. But lack of follow-through halts the downfall. Cosmos utilizes a proof-of-stake consensus algorithm. Validator nodes who stake greater amounts of ATOM tokens have a higher chance of being selected to verify transactions and receive rewards. Nodes discovered to be dishonest are penalized and may lose the tokens they have to stake. Cosmos compares its native token with ASICs which are utilized in mining Bitcoin. In a technical paper composed by members of the Tendermint team, it was stated: “It is a piece of virtualized hardware (economic capital) that you need to obtain in order to participate as a keeper in the network.” Let us move ahead to read about Cosmos technical analysis. Past Performance of ATOM The ATOM coin price struggles to rise above the high selling pressure at $45 resulting in a downfall. The price action shows a free fall of more than 10% in the past 24 hours. The free fall leads to the formation of a bearish engulfing candle in the daily chart. However, the lack of bearish commitment evident by the fall in trading volume questions the dominance of bearish powers. ATOM/USD Daily Chart ATOM Technical Analysis The ATOM coin price action shows a bearish fallout of an ascending broadening wedge pattern in the daily chart. However, the high demand zone between $32 and $35 can result in a bullish reversal, driving the price back above the support trendline.  Moreover, the support at the demand zone will result in a double bottom pattern in the daily chart. Therefore, a buying opportunity can arise at the support zone. Crucial EMAs (50, 100, and 200) rise higher in a bullish alignment in the daily chart. Moreover, the 50-day EMA stands strong near the $32 support zone and is ready to provide support to the downfall.  The RSI indicator at 55% shows the slope creeping lower to the central line in the daily chart after the recent bearish crossover with the 14-day SMA. However, both the lines remain in the nearly overbought zone, suggesting the bulls are still influential. The Stochastic RSI indicator shows the K and D intermingled slightly above the oversold zone in the daily chart. However, the recent bearish crossover indicates a rise in selling pressure. From a technical perspective, the indicators maintain a slightly bearish consensus for the ATOM coin. However, the price action showcases a reversal possibility near the support zone.  Upcoming Trend The bearish fallout of the wedge pattern in the daily chart increases the bearish attention for ATOM coin price. However, selling at current prices has a small target between $35 and $32 due to the support zone.  Therefore, the fallout of the support zone can bring high selling pressure. However, the reversal from the zone can drive the prices higher above $45. The ATOM coin price chart suggests the next support levels at the zone between $32 and $35. And, if the bulls take over trend control, prices can find resistance at $45 and $60. At the time of writing, the technical analysis by tradingview reflects a rise in bullish sentiment as it gives a “BUY” signal. Technical Analysis for ATOMUSD by TradingView

The post ATOM Technical Analysis: Wedge Fallout Struggles to Find Bearish Momentum appeared first on Cryptoknowmics-Crypto News and Media Platform.

Rhodium Enterprises, the Texas based bitcoin miner is hoping to raise $1.6 billion in an Initial Public Offering on Nasdaq this Thursday. The company is offering 56,839,846 shares of Class...

The move by China to ban cryptocurrency miners appears to have had a positive impact on another Asian country, with Thailand seemingly having benefited in a major way, according to a recent report to have been published. Arabic media outlet Al Jazeera had reported that retail cryptocurrency mining within Thailand has received a boost following […]

On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service […]

The video platform by Google banned Bitcoin Magazine’s channel today during a livestream covering Bitcoin news.

The bitcoin mining services provider said it would purchase and sell rigs on behalf of its team and miners and investors on its network.

While blockchains and cryptocurrency already have a multitude of use cases, here is another one that you may not have thought of: business loans....

Kanalcoin.com – Kinerja paling optimal di dunia blockchain yang tidak memerlukan izin adalah Solana. Saat ini, Solana memerlukan inovasi dalam optimasi dan teknologi baru untuk mengembangkan blockchain. Salah satu inovasi tambahan yang diperlukan adalah Proof of History. Proof of History adalah pengertian dari jam sebelum konsensus. Sistem terdistribusi yang ingin diciptakan memiliki salah satu masalah […]

The post Proof of History adalah Solusi Waktu Terdesentralisasi appeared first on Kanalcoin.

We’re always happy to cover local news and events here on BitcoinsInIreland, and given that over half our traffic is from the Emerald Isle, maybe you can help us out on this one. We’ve recently were contacted by John from JBDVideo, a documentary maker based in Wicklow. He’d contacted us for a chat about our mining rig, but as this has been retired and is pretty much a glorified paperweight these days, if you’ve got some crypto miner running he’d like to have a chat with you. So if you’ve got a fancy GPU setup, or a rack of ASICs

The post Documentarian seeks Irish-based Crypto Miners for film first appeared on Bitcoins In Ireland.