Surging prices, anticipation, and steady coin interest round out today’s headlines.
Pakistani Province to Build Two Bitcoin Mining Farms in a Pilot Program
Just when India’s government plans to introduce a bill banning the holding of cryptocurrencies, Pakistan is sensing an opportunity.
Administrators of Khyber Pakhtunkhwa, a province in Pakistan, plan to build two hydroelectric-powered Bitcoin mining farms to pilot a project as per a Reuters report.
The aim is to take advantage of the current crypto bull market and confident participants, receiving a shot in the arm following investments from billionaires, including Elon Musk’s led company, Tesla.
This is also at the back of Morgan Stanley’s comments that Bitcoin has met the threshold to be an investable asset. Accordingly, it now allows institutional-grade investors access to funds with crypto exposure.
Already, Pakistan has a committee to formulate a new crypto policy.
After Eth2, Ethereum will Flip Bitcoin
The official contract of the Eth2 Beacon Chain now holds over $3.5 billion worth of ETH. At the same time, ETH prices are steady below $2k.
Considering what Eth2 introduces to ETH, a Senior Messari analyst, Ryan Watkins, believes the currency will flip Bitcoin once Serenity is live. In his view, Eth2 will make Ethereum more secure and predictable, which drives activity, drawing demand for ETH.
Consequently, the results will be higher prices in a scalable network with baked-in deflationary features.
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