NFT News by Thebittimes.Com

Mining company Bitfarms has placed an order for 35,888 Ant miner T21 Bitcoin mining devices from Bitmain at a price of $2,660 per unit. According to the statement, the transaction amount will be about $95.5 million. Equipment delivery is expected in March-May 2024, and Bitfarms also received an option to purchase an additional 28,000 Antminer T21. After deploying the purchase d installations, the company expects to increase the hashrate to 12 EH/s with an installed capacity of 310 MW in the first half of 2024. By the end of the year, the figures should reach 17 EH/s and 391 MW, respectively. Hashrate is directly proportional to the profitability of a miner or mining pool. The higher the miner’s hashrate, the higher the block mining speed and the chance of receiving a reward for its creation. The new devices are expected to significantly increase the ability for miners to mine Bitcoin (BTC). Source: Bitfarms You might also like: Bitmain fired employees after salary da...

Key takeaways Pancakeswap has integrated with Transak for fiat onboarding on multiple chains. Users can now purchase cryptocurrencies with debit cards, Google Pay, Apple Pay and other methods via Transak. Pancakeswap integrates with Transak Decentralised exchange PancakeSwap has integrated with Transak, a developer integration toolkit that allows users to buy/sell crypto in any app, website or web plugin. Transak is now part of the Pancakeswap “buy crypto ” tab, enabling Pancakeswap users to purchase crypto currencies using a wide range of payment options. According to the  announcement , Pancakeswap users can now purchase cryptocurrencies with fiat currencies using numerous options such as credit cards, bank transfers, Google Pay, and Apple Pay. This isn’t the first fiat purchase option integrated by Pancakeswap. The decentralised exchange had previously integrated Mercuryo and MoonPay into its platform, with Transak now the t...

Thanks to a new initiative by Xumm Wallet, crypto users in France and the UK (United Kingdom) will soon be able to purchase and sell XRP for fiat currencies. Xumm is implementing on- and off-ramp solutions in its XRPL-built software. Xumm worked with BTC Direct and Banxa to add onramp and offramp for many countries. The development of the European region of the world is the responsibility of BTC Direct. On the other hand, Banxa is already accessible in Asia, Europe, and America and offers more global coverage. We recently launched Xumm Onramp/Offramp Fiat<>XRP in The Netherlands &#127475;&#127473; We will soon add the UK &#127468;&#127463; & France &#127467;&#127479;. But we can't do this alone. We worked with @btcdirect & @BanxaOfficial to add Onramp/Offramp for many more countries at once. BTC Direct for the EU &#127466;&#127482; & Banxa for &#127758; pic.twitter.com/WSKQ6CnCdc — Xumm Wallet (@XummWallet) December 8, 2022...

Source: AdobeStock / adragan Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Legal news The Australian Securities and Investments Commission (ASIC) is suing Block Earner , alleging that the fintech company provided unlicensed financial services and operated “an unregistered managed investment scheme.” Per the announcement, the “ASIC is seeking declarations, injunctions, and pecuniary penalties from the Court.” Security news Bo Shen, the founding partner of venture capital firm Fenbushi Capital , revealed that hackers stole $42 million in crypto from his personal wallet on November 10. Most of the stolen funds, some $38 million, was in the USDC stablecoin. The stolen assets are personal funds and do not affect any Fenbushi-related entities, he added. Banking news Financial services group DBS said that it became the fi...