Daily Archives: 21/04/2021

API3 Oracular Network and Open Banking Project Will Create a Bridge Between Banks and DeFi

Data Provider API3 and Open Banking Platform have entered into a 10-year partnership to connect banks to the blockchain via API and leverage banking data in DeFi and Web 3.0. API3 co-founder Heikki Vanttinen said API3 and Open Banking have entered into a 10-year agreement. This partnership will bring together the “disparate” worlds of centralized and decentralized finance (DeFi). Vanttinen explained that banks will be able to work with Web 3.0 developers to explore options…

Miners of Chinese cryptocurrency Chia are buying up all available SSDs

Miners of the new Chinese cryptocurrency Chia, which should become the “best bitcoin”, are buying up all available SSD-drives in order to mine the coin. This caused a shortage of SSD drives in Asia. In Southeast Asia, a frenzied demand for fast and capacious SSDs began. Thus, in Hong Kong, prices for SSDs ranging from 4 TB to 16 TB increased by $ 25- $ 75. Chinese SSD maker Jiahe Jinwei has revealed that all…

Bitfarms will build a 210 MW mining center in Argentina

Mining company Bitfarms has signed a contract with an Argentina electricity supplier to consume up to 210 MW of electricity for its new mining facility. According to Bitfarms, the company entered into an eight-year contract with a private Argentine electricity producer at a cost of $ 0.022 per kWh for electricity for the first four years. Last October, Bitfarms signed a memorandum of understanding to establish a 60 MW BTC mining center in Argentina. The…

Venmo payment service added support for four cryptocurrencies

The mobile payment service Venmo, owned by PayPal, has added a direct buy and sell feature for four cryptocurrencies: BTC, ETH, LTC and BCH. Over the next few weeks, more than 70 million Venmo users will be able to purchase, store and sell these cryptoassets through the service’s app. The minimum purchase amount for cryptocurrencies is $ 1. To do this, customers will be able to use money from their Venmo balance linked to their…