It has been a week for cryptocurrency miners and investors. A new bullish trend that focuses on Bitcoin has taken the primary cryptocurrency to the highest point in a year, passing AUD 18,400 so far.
It started to grow when PayPal announced that they are getting into cryptocurrencies, launched the payment option in the USA, and the scheme to roll it out to Europe and Australia in 2021.
Two days later, a source revealed that PayPal is in talks with BitGo, backed by world-renowned financiers like Goldman Sachs, Valor Equity Partners, and Founders Fund.
The source also revealed that PayPal seems intent on buying another crypto custodian if the deal can’t be hashed out, indicating that this wasn’t a decision made on a whim.
Mining Interest Picks Up Again
On the other hand, Ebang International Holdings just established a subsidiary in Australia and is recently waiting for a financial license from the authorities before opening up.
Crypto mining rigs can be expensive for a crypto enthusiast, and it is why many are turning to online mining platform solutions.
A few years ago, the majority of cryptocurrency enthusiasts had mined digital currency with the use of a graphics card on their desktop. However, they weren’t able to keep up with the higher cost of electricity that is needed to mine, others continue the practice, and then AMD might be aced up the sleeve.
The AMD Radeon RX 6000 “Big Navi” graphics cards tech specs will be unveiled next week.
AMD Navi 21 XT “Big Navi” GPU for Radeon RX 6900 XT Graphics Card Apparently Features Insane 2.4 GHz Clocks, 16 GB GDDR6 VRAM & 255W TGP
It was revealed in a data mining that a “navi10 blockchain SKU” while looking through the Linux drivers for a new graphics card, mentioning that a dedicated cryptocurrency mining GPU for personal use.
With a rise of a world-class mining gear producer on the Australian market, the renewed attention in the payment-processing the juggernauts, and more, crypto investors can perhaps become into the spotlight more than previously.