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Showing posts from July, 2021

Big Investors Are Pushing up Valuations of Crypto Firms

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https://krakow3d.com/wp-content/uploads/2021/08/big-investors-are-pushing-up-valuations-of-crypto-firms.jpg Venture capital firms and large investors are driving up the prices of crypto startups. Boutique investment firms and family offices are being elbowed out by big venture capital firms, private equity funds, and even some pension funds. VC Firms Driving Up Prices of Crypto Startups Cryptocurrency firms are seeing high valuations due to large investors entering the space, according to Henri Arslanian, Crypto Leader at professional accounting and financial services firm PWC, also known as Pricewaterhousecooper. In an interview with Bloomberg Thursday, the executive explained that boutique investment firms and family offices are being elbowed out by big venture capitalists, private equity funds, and even some pension funds. He noted that smaller venture capital firms are unhappy about this trend. Arslanian described: Let’s say they’re looking at a deal and they believe it’s worth $10

The metaverse is a 'great idea,' but that's it so far, says Swisher

http://img.youtube.com/vi/2pcGMNdPNww/0.jpg https://www.youtube.com/watch?v=2pcGMNdPNww Bringing the physical together with the digital. Recode's Kara Swisher joins Shep Smith to discuss Zuckerberg's talk about the 'metaverse' and just how real it is...or isn't. Origina post from https://krakow3d.com/videos/the-metaverse-is-a-great-idea-but-thats-it-so-far-says-swisher.html

Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar

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https://krakow3d.com/wp-content/uploads/2021/07/fed-governor-lael-brainard-cant-imagine-future-without-digital-dollar.jpg Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head Around Not Issuing CBDC With other nations, most notably China , moving forward with their own digital currency projects, Lael Brainard, member of the U.S. Federal Reserve Board of Governors, has highlighted the urgency around the development of a digital dollar. Speaking to the Aspen Institute Economic Strategy Group on Friday, Brainard stated: The dollar is very dominant in international payments, and if you have the other major jurisdictions in the world with a digital currency, a CBDC offering, and the U.S. doesn’t have on

Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round

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https://krakow3d.com/wp-content/uploads/2021/07/bank-of-america-coinbase-ftx-invest-in-paxos-series-d-funding-round.jpg Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were not disclosed. Paxos has now raised more than $540 million in funding. Bank of America, FTX, and Coinbase Invest in Paxos Two leading cryptocurrency exchanges and the second-biggest U.S. bank invested in Paxos, a New York-based blockchain infrastructure firm that focuses on offering clearing and tokenization services to other traditional firms. Bank of America, FTX, and Coinbase participated as “strategic investors” in the latest Series D funding round that the company started last April. The interest of Bank of America in the firm is not strange. The company included the bank in it

Breaking NFTs to Pieces: These 4 Projects Are Fractionalizing Grimes, Banksy, Cryptopunk NFTs

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https://krakow3d.com/wp-content/uploads/2021/07/breaking-nfts-to-pieces-these-4-projects-are-fractionalizing-grimes-banksy-cryptopunk-nfts.jpg While non-fungible token (NFT) collectibles have been all the rage, a few projects have been developing the concept of fractionalized NFTs so investors without deep pockets can purchase shares of an expensive collectible. On Thursday, the firm Otis revealed that people can invest in an NFT created by the world-famous Canadian musician and record producer Grimes. The platform allows anyone to purchase a small fraction of the recording artist’s artwork called “Newborn 1 & 3.” Grimes’ Artwork ‘Newborn 1 & 3″ Gets Fractionalized During the last 30 days, statistics from nonfungible.com’s market history show that there was $219 million in NFT sales. Over 48,000 active wallets recorded 214,654 sales which is a steady increase in sales from the start of the month’s 120,150 sales. The website also shows that a Meebits NFT recently sold for 1,000

LIVE: White House principal deputy press secretary Karine Jean-Pierre holds briefing — 7/30/21

http://img.youtube.com/vi/7yC72LPLL8w/0.jpg https://www.youtube.com/watch?v=7yC72LPLL8w White House principal deputy press secretary Karine Jean-Pierre holds a briefing with reporters on Friday. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #CNBCTV LIVE: White House principal deputy press secretary Karine Jean-Pierre holds briefing — 7/30/21 Origina post from https://krakow3d.com/videos/live-white-house-principa

Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze

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https://krakow3d.com/wp-content/uploads/2021/07/bank-of-russia-exposes-nearly-150-financial-pyramid-scams-fraudsters-exploit-crypto-craze.jpg The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand, Bank of Russia Says The number of financial pyramid scams uncovered by the CBR between January and June 2021 is 1.5 times higher compared to the same time period last year, the regulator announced this week. The financial authority attributed the spike to increased activity of “unfair market participants” in the midst of ongoing economic recovery and increasing demand for investments in Russia. Bank of Russia also emphasized that fraudsters take advantage of “people’s insufficient financial and digital literacy” convincing them to invest in projects ass

US Senator Lummis: Big Government Spenders Are Accelerating Adoption of Crypto Assets Like Bitcoin

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https://krakow3d.com/wp-content/uploads/2021/07/us-senator-lummis-big-government-spenders-are-accelerating-adoption-of-crypto-assets-like-bitcoin.jpg U.S. Senator Cynthia Lummis is pushing for regulation that would ensure bitcoin remains a good store of value. If the cryptocurrency “is to become what El Salvador has done, legal tender, then we need to make sure that we are using it in ways that comply with the Bank Secrecy Act and anti-money laundering laws,” she said. The pro-bitcoin senator also noted that big government spenders are “doing far more to accelerate the adoption of digital assets” than she is. Senator Lummis on Bitcoin Adoption and Cryptocurrency Regulation U.S. Senator Cynthia Lummis has shared her view about cryptocurrency regulation and adoption. Following the Senate Banking Committee ’s hearing about cryptocurrencies, she tweeted Wednesday: Big gov’t spenders are (accidentally) doing far more to accelerate the adoption of digital assets than I am. The debasement of

US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far

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https://krakow3d.com/wp-content/uploads/2021/07/us-marshals-service-hires-custodian-for-seized-cryptocurrencies-over-185k-btc-confiscated-sold-so-far.jpg The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian for its seized cryptocurrencies. The agency has seized and auctioned off over 185K bitcoins so far. The United States Marshals Service (USMS) has selected Anchorage Digital to provide custody for cryptocurrencies seized in criminal cases, the crypto custody firm announced Wednesday. The USMS is one of the primary law enforcement agencies of the U.S. Department of Justice (DOJ). It was also the first federal law enforcement agency in the country. Anchorage explained: This award means that Anchorage will be responsible for providing a full suite of cryptocurrency services. The services include “custody, liquidation, and such activities as accounting, customer management, audit compliance, managing blockchain forks, w

Robinhood faces potential retail investor rebellion ahead of IPO

http://img.youtube.com/vi/0t2K71_W5_s/0.jpg https://www.youtube.com/watch?v=0t2K71_W5_s CNBC's Kate Rooney joins "Squawk on the Street" to discuss why Robinhood's upcoming IPO is causing retail traders on platforms such as Reddit and Twitter to revolt against the free trading app. Origina post from https://krakow3d.com/videos/robinhood-faces-potential-retail-investor-rebellion-ahead-of-ipo.html

Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director

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https://krakow3d.com/wp-content/uploads/2021/07/crypto-payment-option-makes-services-more-affordable-zimbabwe-music-studio-director.jpg A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio Accepts Crypto Mutscon Music has also chosen to accept cryptocurrencies because this form of payment enables Zimbabweans, including those in the diaspora, to directly pay for services rendered to artists. In addition, this option to pay with BTC or ETH makes Mutscon’s services more affordable, a company executive has said. To understand Mutscon Music ’s decision and what this means, krakow3d.com News reached out to Tonderai Muteta, the company’s director of music. Below are Muteta’s responses to questions from krakow3d.com News. krakow3d.com News (BCN): Wha

Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges

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https://krakow3d.com/wp-content/uploads/2021/07/ripple-and-sbi-collaborate-to-launch-on-demand-liquidity-in-japan-xrp-surges.jpg Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph. Ripple, SBI, Coins.ph Collaborate to Launch Ripplenet’s On-Demand Liquidity Ripple Labs announced Wednesday “the launch of Ripplenet’s first live On-Demand Liquidity (ODL) service implementation in Japan” in collaboration with SBI Remit Co. Ltd. and Coins.ph. SBI Holdings, an investor and shareholder of Ripple, independently announced Wednesday that SBI Remit and crypto exchange SBI VC Trade have launched “Japan’s first international remittance service using crypto assets” in partnership with Ripple Labs. SBI Remit, a subsidiary of SBI Fintech Solutions, is one of the largest money transfer companies in Japan. It has been using Ripplenet since 2017. Coins.ph, a

ETF Spotlight: Cathie Wood's ARK Innovation ETF climbs higher

http://img.youtube.com/vi/aScuX9DiMIk/0.jpg https://www.youtube.com/watch?v=aScuX9DiMIk CNBC's David Faber takes a look at the ARK Innovation ETF as it moves higher despite core holdings trading lower. Origina post from https://krakow3d.com/videos/etf-spotlight-cathie-woods-ark-innovation-etf-climbs-higher.html

US Senator Says Cryptocurrencies Put Americans’ Hard-Earned Money at Risk

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https://krakow3d.com/wp-content/uploads/2021/07/us-senator-says-cryptocurrencies-put-americans-hard-earned-money-at-risk.jpg U.S. Senator Sherrod Brown says cryptocurrencies are not real dollars and they “put Americans’ hard-earned money at risk.” Referring to decentralized finance (defi) as “a shady, diffuse network of online funny money,” he said, “if we want a solution to Americans’ legitimate fears about our banking system, shady start-ups are not the answer.” Senator Brown’s Warning About Cryptocurrencies U.S. Senator Sherrod Brown, Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, raised concerns about cryptocurrency in his opening statement at Tuesday’s hearing titled “Cryptocurrencies: What are they good for?” Stating that thousands of digital assets, namely cryptocurrencies, stablecoins, and investment tokens, have poured into the markets since bitcoin came online, the senator from Ohio said: All of these currencies have one thing in common – they’r

Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million

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https://krakow3d.com/wp-content/uploads/2021/07/unique-addresses-tethered-to-ethereum-defi-apps-climb-past-3-million.jpg The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018. Ethereum Defi Applications See Unique Addresses Surpass 3 Million According to statistics from Dune Analytics , the number of users or unique ethereum addresses utilizing defi has jumped past the 3 million threshold this week. At the time of writing, data shows there are 3,092,000 unique addresses recorded on July 27. The lion’s share of these addresses stems from the decentralized exchange (dex) platform Uniswap. Uniswap’s dex currently has approximately 2,438,374 unique addresses that leverage the Uniswap trading protocol. It’s worth noting, however, that since a user can have

Fireblocks Custody Company Raises $310 Million, Reaches $2 Billion Valuation

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https://krakow3d.com/wp-content/uploads/2021/07/fireblocks-custody-company-raises-310-million-reaches-2-billion-valuation.jpg Fireblocks, a blockchain infrastructure firm, raised $310 million in its most recent funding round, reaching a valuation of $2 billion. The company, which specializes in the custody of digital assets, is interested in bringing traditional assets to the blockchain realm. Fireblocks expects this trend of digitalization to keep growing in the recent future. Fireblocks Raises $310 Million in Series D Funding Round Fireblocks, a custody and blockchain infrastructure company, raised $310 million in its Series D funding round. The new investment took the valuation of the company to $2.2 billion, tripling its value since the Series C funding round last February. The round had the confirmed participation of six investments firms: Sequoia Capital, Stripes, Spark Capital, Coatue, DRW Venture capital, and SCB 10X, the venture arm of Thailand’s Siam Commercial Bank. The

This economist breaks down what the Fed is watching

http://img.youtube.com/vi/XPREwfOrB9s/0.jpg https://www.youtube.com/watch?v=XPREwfOrB9s CNBC's "Squawk Box" team discusses earnings season, markets and the Federal Reserve's monetary policy moves with Tiffany Wilding of PIMCO and Liz Young of SoFi. Origina post from https://krakow3d.com/videos/this-economist-breaks-down-what-the-fed-is-watching.html

Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

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https://krakow3d.com/wp-content/uploads/2021/07/banks-in-kazakhstan-to-open-accounts-for-registered-crypto-exchanges.jpg Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted to open accounts for cryptocurrency exchanges registered at the Astana International Financial Center ( AIFC ), Kazakhstan’s National Association of Blockchain and Data Center Industry announced, quoted by local news portal Habar 24. The move is part of а pilot project with second-tier banks that’s expected to continue for one year. Astana International Financial Center. Potential crypto investors will be required to have an account with a participating banking institution to trade on any of the e

Market Strategist Says Bitcoin’s Best Days Are Ahead, Won’t See Restrictive Fed Policy Anytime Soon

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https://krakow3d.com/wp-content/uploads/2021/07/market-strategist-says-bitcoins-best-days-are-ahead-wont-see-restrictive-fed-policy-anytime-soon.jpg The founder of investment management firm Michael Lee Strategy says that “the best days of bitcoin are definitely ahead of it,” expecting the cryptocurrency to “make all-time new highs.” The strategist further says that it will be a long time “before we see any sort of taper or any sort of restrictive policy from the Fed” or other central banks worldwide. Market Strategist Expects Bitcoin to Make All-Time New Highs Michael Lee, founder of Michael Lee Strategy, shared his outlook for bitcoin in an interview with Fox Business Monday. Michael Lee Strategy offers wealth planning and investment management as an investment adviser representative through Compass Financial. Lee is a former vice president in the Institutional Middle Markets group at Morgan Stanley. Commenting on the price of bitcoin hitting $60,000 earlier this year, Lee said that

Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report

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https://krakow3d.com/wp-content/uploads/2021/07/jeff-bezos-directs-amazon-to-accept-bitcoin-and-other-popular-cryptocurrencies-report.jpg Amazon is reportedly planning to accept bitcoin by the end of the year, after which the company will roll out support for other major cryptocurrencies. Furthermore, the company is exploring launching its own cryptocurrency. “The directive is coming from the very top … Jeff Bezos himself.” Amazon’s Crypto Project ‘Ready to Roll’ Following the news of Amazon seeking to hire a digital currency and blockchain lead , City A.M. publication reported that the company actually has plans to accept bitcoin and other popular cryptocurrencies. Citing “an insider” at the company, the news outlet reported that Amazon is looking to accept bitcoin payments “by the end of the year” and the company is also investigating its own token for 2022. Amazon “isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future,” the insi

MLB's Cleveland Indians to become the Guardians, starting in 2022

http://img.youtube.com/vi/lI95gciKoWU/0.jpg https://www.youtube.com/watch?v=lI95gciKoWU CNBC's Jabari Young reports on the name change by the Cleveland Indians, which will become the Cleveland Guardians in 2022. Origina post from https://krakow3d.com/videos/mlbs-cleveland-indians-to-become-the-guardians-starting-in-2022.html

Kubernetes Clusters Used to Mine Monero by Attackers

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https://krakow3d.com/wp-content/uploads/2021/07/kubernetes-clusters-used-to-mine-monero-by-attackers.jpg Attackers are abusing an attack vector present in one of the most popular execution engines (Argo Workflows) to repurpose Kubernetes systems to mine cryptocurrencies. The attack exploits a vulnerability in the system of permissions of Argo Workflows machines connected to the internet, deploying malicious workflows that install Monero-based containers. Attackers Leveraging Argo Workflows for Crypto Mining A group of attackers discovered a new attack vector that uses a vulnerability in the permission system of Argo Workflows, one of the most used execution engines for Kubernetes, to install cryptocurrency mining modules in machines connected to the internet. This vulnerability means that every instance of Kubernetes, one of the most used cloud computing systems, could be used to mine Monero if it is paired with Argo Workflows. A report from Intezer, a cybersecurity firm, informs t

US Senator Launches Investigation Into ‘How Cryptocurrencies Facilitate Cybercrimes’

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https://krakow3d.com/wp-content/uploads/2021/07/us-senator-launches-investigation-into-how-cryptocurrencies-facilitate-cybercrimes.jpg A U.S. senator has launched an investigation into the rise of ransomware attacks as well as how cryptocurrencies facilitate cybercrimes. “The investigation will also look into current oversight efforts and regulations related to virtual currencies,” the senator explained. Investigation Into Crypto’s Use in Cybercrimes U.S. Senator Gary Peters announced last week a bipartisan “investigation into [the] rise of ransomware attacks and how cryptocurrencies facilitate cybercrimes.” Peters is the chairman of the Homeland Security and Governmental Affairs Committee. He has led several efforts to bolster the U.S. cybersecurity defenses. The announcement states that he “is conducting an investigation into the role cryptocurrencies continue to play in emboldening and incentivizing cybercriminals to commit ransomware attacks that pose an increasing threat to United

81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched

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https://krakow3d.com/wp-content/uploads/2021/07/81-countries-are-now-exploring-central-bank-digital-currencies-5-cbdcs-fully-launched.jpg Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new central bank digital currency (CBDC) tracker featuring an interactive database last week. The Geoeconomics Center described itself as “a nonpartisan organization that galvanizes U.S. leadership and engagement in the world, in partnership with allies and partners, to shape solutions to global challenges,” its website states. The original version of the CBDC tracker, launched in April last year, has been used by the U.S. Federal Reserve and the Bank of International Settlements (BIS), the

Shorter work week makes a happier workforce and that's a win-win, says journalist

http://img.youtube.com/vi/S7tf0jxOlTQ/0.jpg https://www.youtube.com/watch?v=S7tf0jxOlTQ Journalist Bryce Covert joins 'The News with Shepard Smith' to discuss her story on the 40-hour work week, which she says should be four days or 30 hours a week, particularly since productivity has increased among workers. Origina post from https://krakow3d.com/videos/shorter-work-week-makes-a-happier-workforce-and-thats-a-win-win-says-journalist.html

Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support

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https://krakow3d.com/wp-content/uploads/2021/07/strategist-mike-mcglone-believes-bitcoin-can-jump-to-60k-resistance-vs-20k-support.jpg The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range. ETF Analyst: ‘China Doesn’t Reject Bitcoin, Bitcoin Rejects China’ On July 23, Bloomberg’s senior exchange-traded fund (ETF) analyst Eric Balchunas shared a screenshot of Mike McGlone’s written statement concerning current bitcoin markets. After tapping a high of $35,960 on July 4, the leading crypto asset tumbled to a low of $29,300 per unit 19 days later. On July 24, bitcoin (BTC) managed to climb back toward the $34K region as there’s been a slight trend reversal during the last 48 hours. “Our crypto analyst Mike McGlone say

Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan

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https://krakow3d.com/wp-content/uploads/2021/07/bitmain-to-host-miners-in-180-megawatt-data-center-in-kazakhstan.jpg Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs. Bitmain to Work With Mining Facility Operator Enegix Leading mining equipment producer Bitmain has announced a partnership with Enegix. As part of the agreement, the ASIC giant will host Antminer S19 Pro miners in a 180MW facility operated by Enegix in Kazakhstan, which is one of the largest in the world. Enegix focuses its business efforts on designing, building, and operating data centers since 2017, a press release published by Bitmain details. The one in question was commissioned in late 2020 and is the company’s third such facility. Its total capacity exceeds 50,000 current-generation mining rigs. Commenting on the new project, Bi