Following a three month ban, Iran reinstitutes its crypto mining industry
By Bhushan Akolkar (Fri, October 01, 2021) Iran has once again decided to resume crypto mining operations in the country following a three-month ban. Former President Hassan Rouhani had imposed the ban earlier this year on May 26, 2021. The ban was first introduced following concerns of the stability associated with the country’s unreliable power […]
El Salvador has just started mining bitcoin using the energy from volcanoes
By MacKenzie Sigalos (Fri, October 01, 2021) El Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano. President Nayib Bukele – who has banked his political future on a nationwide bitcoin experiment – tweeted early Friday morning that this is the country’s maiden voyage into volcano-powered bitcoin mining. On Tuesday, […]
McEwen Mining Inc. (NYSE: MUX) Forecast: Expect A -90.91% Drop Within A Few Months
By Miguel Garcia McEwen Mining Inc. (NYSE:MUX) shares, rose in value on Friday, September 24, with the stock price up by 0.46% to the previous day’s close as strong demand from buyers drove the stock to $1.10. Actively observing the price movement in the recent trading, the stock is buoying the session at $1.09, falling […]
With its new cryptocurrency mining business on city land, Denton is suddenly a crypto player
By https://www.dallasnews.com/author/dave-lieber The City of Denton has leased 31 acres of vacant land next to its gas-fired energy plant to a cryptocurrency mining company. You may not have heard this because most public documents in the deal refer to the venture only as a “data center.” The secretive agreement requires that no news releases be […]
Lead hits three-year peak after German plant shuts, copper firm
ReutersWednesday July 21, 2021LONDON, July 21 Lead prices surged to a three-year high on Wednesday after a major lead smelter in Germany halted operations due to flooding. Berzelius Stolberg declared force majeure on metal shipments from its plant in western Germany, the biggest primary lead smelter in Europe. Three-month lead on the London Metal Exchange […]
Elon Musk on owning bitcoin, ethereum and doge: ‘I might pump, but I don’t dump
(Kitco News) Tesla CEO Elon Musk said he owns bitcoin, ethereum and dogecoin, adding that Tesla is “most likely” to restart accepting bitcoin as payment. “I own bitcoin, Tesla owns bitcoin, SpaceX owns bitcoin, I own ethereum and dogecoin,” Musk said at the B Word conference during a discussion with ARK Invest CEO Cathie Wood […]
Gold and silver are flat leading into the European open
Rajan DhallWednesday July 21, 2021 (Kitco News) – Gold and silver are trading flat this morning leading into the European open. Gold is still hanging on to the $1800/oz level while silver is just below $25/oz. In the rest of the commodities complex, copper has dropped 0.69% while spot WTI (0.72%) continues to consolidate after […]
Gold price weaker as bulls seek catalyst
Jim WyckoffWednesday July 21, 2021 (Kitco News) – Gold prices are lower in early U.S. trading Wednesday, amid a lack of fresh bullish market news that is causing prices to drift sideways. Bulls need a fundamental spark to jumpstart a price uptrend on the daily chart that is in trouble at present. Silver prices have […]
The lion, gold and silver sleep tonight
Todd ‘Bubba’ HorwitzWednesday July 21, 2021 The metals markets cannot get much quieter; once again, gold failed to breakout. Gold’s constant failure at resistance making lower highs is very bearish. The overall action is like the Lion King, The Lion Sleeps Tonight. Silver continues to drift lower without energy and has broken out to the […]
Gold weaker as bulls looking for a spark
Jim WyckoffWednesday July 21, 2021 (Kitco News) – Gold prices are lower in midday U.S. trading Wednesday, amid a lack of fresh bullish market news that is causing prices to drift sideways. Bulls need a fundamental catalyst to jumpstart a price uptrend on the daily chart that is in trouble at present. Silver prices have […]