Mining Blog & Mining News

Blog • 04 September 2021, Saturday, 12:00

Bitcoin Testing, Twitter Bitcoining, Kids Winning and 20 Crypto Jokes

Let's take a look back at this crypto week. Bitcoin was testing USD 50K once again, and an unusually large number of bitcoin calls to puts across options exchanges hinted at increased bullishness on BTC, while Twitter started beta testing a Bitcoin Lightning Network tipping service. Coinbase vowed to win back the “trust” of the customers it spooked with a blunder that saw it send “roughly 125,000” people “erroneous notifications” about changes to the security settings, and FTX.US agreed to a...

Blog • 03 September 2021, Friday, 02:00

Japan’s SBI to Merge Its Crypto Exchanges a Year After Rival Takeover

The Japanese financial giant SBI is set to merge its crypto exchanges, TaoTao and SBI VC Trade – a move that will create a new Asian heavyweight exchange that could challenge market leaders like bitFlyer. SBI, traditionally, has focused on its banking and securities business arms. But in recent years, it has embraced crypto with almost unparalleled fervor. Its CEO is a Ripple board member and the company co-runs the SBI Ripple Asia payments project. The firm has also set up several international...

Blog • 02 September 2021, Thursday, 20:00

Million Token Announces The Forming of The Million Token Foundation

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Million Token today announced the forming of the Million Token Foundation. This milestone is a major move for the Million Token Community on its mission to establish itself as a long-term store-of-value social token. Social Tokens will disrupt industries The CEO of RealVision and former Goldman Sachs executive Raoul Pal went on TheDefiant podcast in July 2021 discussing this emerging sector in cryptocurrency. H...

Blog • 02 September 2021, Thursday, 18:00

12-year-old NFT Whizz Rakes in USD 400K in Ethereum – and Wants to HODL it

People say that crypto is complicated. But it’s actually child’s play – literally. Whether it’s nine-year-olds mining ravencoin (RVN) using their brothers’ gaming consoles, or teenage Bitcoin (BTC) miners raking in USD 54,000 a month, the next generation is embracing crypto with unparalleled gusto. The latest young prodigy to join the ranks of notable child crypto movers is a British 12-year-old who took up coding aged five – and has since gone on to make USD 400,000 in ethereum (ETH) from makin...

Blog • 02 September 2021, Thursday, 14:00

Bitcoin Again Looking Bullish as Price Tests USD 50K

The price of the number one cryptocurrency bitcoin (BTC) once again traded above the key USD 50,000 level today, as technical analysts say the price is in “an interesting spot,” and on-chain metrics appear strong. At the time of writing (11:08 UTC), bitcoin was up by 5% for the past 24 hours. The coin traded at USD 50,007, after having been both above and below the key USD 50,000 level several times during the day. Today’s push higher made it the second time bitcoin has traded above USD 50,000 ...

Blog • 02 September 2021, Thursday, 08:00

SEC Hits BitConnect Founders, Promoters with Fresh Fraud Wrap

The US Securities and Exchange Commission (SEC) has dredged up the ghost of the discredited crypto scam BitConnect, and will look to prosecute its alleged masterminds for selling fraudulent and unregistered securities – amounting to a total of USD 2bn. The SEC issued a notice explaining that it had “filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top US promoter [Glen Arcaro] and his affiliated company” Future Money. The scam promised r...

Blog • 01 September 2021, Wednesday, 22:00

Unapproved Bitcoin Mining Plant Forced to Close Shop

Noise complaints from residents of an affluent estate community in the Canadian province of Alberta lead to a months-long investigation which discovered a Bitcoin (BTC) mining operation that had been set up without approval - and now has to shut down. Vancouver-based Link Global is the name of the company that established the operation, CBC reported. It has been ordered by Alberta's utility commission to shut down two plants until it presents evidence that they are allowed to operate, that i...

Blog • 01 September 2021, Wednesday, 20:00

Twitter Beta Testing Bitcoin Lightning Network Tipping + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __ Adoption news Social media giant Twitter is now beta testing a Bitcoin (BTC) Lightning Network tipping service, according to multiple reports. Bitcoin is not yet available to select as a tip option for beta users, but code in the beta suggests that Twitter is in the process of rolling it out, per MacRumors. Developer Alessandro Paluzzi shared ...

Blog • 01 September 2021, Wednesday, 18:00

9- and 14-year-old Bitcoin, ETH, RVN Miners ‘Make USD 30,000 a Month’

As children around the world return to school, one nine-year-old elementary schooler will have an interesting answer to the tired old question: What did you do over the summer break? Instead of tales of swimming pools and bike rides, she will instead recount how she spent the time building ethereum (ETH) mining rigs in her garage with her brother. The nine-year-old in question is Aanya Raj. Along with her older sibling Ishaan (14), she has spent several months “scaling up” ETH mining efforts at ...

Blog • 01 September 2021, Wednesday, 16:00

FIBA and Bitci Technology: Fan token and NFT Collaboration

Disclaimer: The text below is a press release that was not written by Cryptonews.com. The International Basketball Federation (FIBA) and Bitci Technology are starting the blockchain revolution in international basketball. Fan tokens, which will be developed within the scope of the cooperation covering the 2021-2023 period, will be available for sale in the coming months. Bitci Technology, one of the world's leading blockchain companies and the International Basketball Federation (FIBA), are ...

Blog • 01 September 2021, Wednesday, 12:00

Coin Race: Top Winners/Losers of August; DeFi Leads, Bitcoin Lags

August ended up as another great month for crypto investors, with nearly all of the top 100 coins by market capitalization in the green. The gains in August came despite the fact that bitcoin (BTC) and many altcoins had already seen a significant rally during the last ten days of July, pushing bitcoin from below USD 30,000 to well over USD 40,000. Over the course of August, however, market participants have increasingly turned their focus away from BTC and over to the world of decentralized fin...

Blog • 30 August 2021, Monday, 21:00

Crypto Listing and Delisting Announcements: Week 35

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. __ AscendEX Listings: SifChain (ROWAN) Bibox Listings: Tranchess (CHESS) EDEN (EDEN) CryptoZoon (ZOON) People’s Punk (DDDD) Jade Currency (JADE) Depth Token (DEP) FREE Coin (FREE) BigONE Listings: ProteoDefi (PROD) Bilaxy Listings: Um...

Blog • 28 August 2021, Saturday, 13:00

Bitcoin, Crypto Represent Hope and Despair Amid Afghanistan Carnage

As the bloodbath in Afghanistan continues almost unabated following the fall of Kabul, crypto advocates both inside the country and out are beginning to wonder if tokens like bitcoin (BTC) could help them fight back against the violent and oppressive rule of the Taliban. The world has looked on in horror in the past few weeks as events unfold with brutal alacrity. But in among the tales of human tragedy and woe are glimmers of hope that decentralized, digital tokens could become a tool for those...

Blog • 28 August 2021, Saturday, 03:00

Russian Miner Has His Video Cards Stolen – By Balcony-Scaling Neighbor

A Russian miner was robbed of his video cards by his next-door neighbor – who police say climbed over the man’s balcony to steal his hardware. According to the Kursk branch of the Office of the Ministry of Internal Affairs and the local media outlet Kurskie Izvestia, the flat belongs to a Kursk resident who had moved out of the property after converting it into a crypto mining “farm.” But the miner guessed something was wrong when he noticed that the equipment had ceased to generate any income f...

Blog • 27 August 2021, Friday, 19:00

Digital Rupee Trial, No Tech to Implement Crypto Travel Rule + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDC news The Reserve Bank of India (RBI) could commence preliminary central bank digital currency (CBDC) trials before the end of the year, the bank’s governor Shaktikanta Das told CNBC. He has added that the central bank was “being extremely careful” in its handling of a potential digital rupee even as its counterparts around the world are expl...

Blog • 27 August 2021, Friday, 17:00

Ethereum is Experiencing an Unintended Chain Split

It seems like a bug in older versions of Ethereum (ETH) Geth client, namely versions v1.10.07 and earlier, has caused a split. "Fork between latest geth and older geth on mainnet. Stay away from doing txs for awhile till confirmed, unless you are sure you are submitting to latest geth," tweeted Yearn Finance Founder Andre Cronje, advising: "Go for a walk outside, we all need it." Per ethernodes.org, Geth is the most popular Ethereum client that accounts for 74.63% of the network nodes. Out of th...

Blog • 27 August 2021, Friday, 11:00

AVAX Up, SUSHI Down: This Week’s 5 Best and Worst Performers

After another eventful week in the crypto markets, during which we've seen major rallies as well as major drops, it’s time for a summary of what went well, and what went less well in terms of price performance. Rankings and prices are current as of press time (09:37 UTC) on Friday. Best performers this week 1. SafeMoon Securing the spot as the number one performer this week was the relatively newly created meme coin SafeMoon, built as a BEP-20 token on the Binance Smart Chain (BSC). The tok...

Blog • 27 August 2021, Friday, 03:00

Spanish Crypto Exchanges to Discover Their Fate by October

The Spanish central bank will roll out its new registration process for crypto exchanges operating in the nation by October. Exchanges have been in limbo since April this year, when parliament passed a new law aimed at tackling the spread of money laundering and terrorist financing. The law states that the central Bank of Spain must create a central registry for crypto exchanges operating in Spain, and issue operating permits. A similar system already exists in nations such as Japan and Singapor...

Blog • 26 August 2021, Thursday, 11:00

Avalanche Drops After Rally, Today’s Weakest Performer in Top 100

The Avalanche network’s native token AVAX dropped sharply in a mostly red crypto market today, following a surge earlier this week fuelled by news that a liquidity mining incentive program has brought major integrations to the platform. At 09:59 UTC, AVAX was down by 14.4% over the past 24 hours, positioning it as the worst performer among the top 100 cryptoassets by market capitalization. The token trades at USD 43.09, after having reached as high as USD 59 on Tuesday this week, bringing it wi...

Blog • 25 August 2021, Wednesday, 22:00

Recovering Hash Rate, Improving Metrics Indicate Market Rebound - Report

The recovering hash rate indicates that some mining operations are beginning to return online in new locations outside of China, and the worst of the crackdown could be over, according to a recent analysis by crypto financial intelligence provider CoinMetrics. With mining operations moving out of China following the ongoing government crackdown, Bitcoin hash rate plummeted to its lowest level since 2019. However, after it had hit a local bottom near the end of June, it started recovering in July...

Blog • 25 August 2021, Wednesday, 16:00

Bitcoin Mining Difficulty Takes Another Large Step Up, As Miners Reposition

On Wednesday, Bitcoin (BTC) mining difficulty has just jumped once again, for the third time in a row, forming a new increase streak, as previously discussed. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, jumped by 13.24%, reaching 17.6 T. This is the highest increase since May this year, and a significant jump from the 15.56 T, reached during the previous adjustment two weeks ago. It's also notable when compared to the 13.67 T level it had seen d...

Blog • 25 August 2021, Wednesday, 02:00

8 Crypto Mining Apps Exposed as Fakes - And 120 More are Still in Business

Eight cryptocurrency cloud mining apps that pretended to offer crypto such as bitcoin (BTC) and ethereum (ETH) to users in return for investments into cloud-mining operations were recently found to be fakes, tricking users into watching ads and paying for subscription services, according to a recent report by US-Japanese cybersecurity firm Trend Micro. The discovered malicious apps “trick victims into watching ads, paying for subscription services that have an average monthly fee of USD 15, and ...

Blog • 24 August 2021, Tuesday, 22:00

Bit2Me: Bringing the Cryptocurrency Exchange Industry Into the Future

Disclaimer: The text below is a press release that was not written by Cryptonews.com. The cryptocurrency market is experiencing unprecedented growth as companies in traditional sectors, organizations and governments take more and more interest in the wider decentralized ledger industry. Accordingly, investors are increasingly seeking out new projects in the space, gaining exposure to new and innovative cryptocurrencies. The most common way to do so for these investors is through the use of the m...

Blog • 24 August 2021, Tuesday, 20:00

Kraken Donates to Ethereum Foundation, PAX Becomes USDP + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news Crypto exchange Kraken has announced they will donate USD 250,000 to the Ethereum Foundation to support developer teams working to achieve critical milestones on the Ethereum (ETH) roadmap. They added that they believe it’s their responsibility to support the open-source innovators who are building the next generation of Ethereum,...

Blog • 24 August 2021, Tuesday, 18:00

GeFi Your Life with The GeFi Protocol!

Disclaimer: The text below is a press release that was not written by Cryptonews.com. GeFi consists of 2 important ecosystems which integrate a lucrative finance vault with a unique NFT gamification equipped with an extensive marketplace making it one of the most exclusive DeFi projects to look out for in the market. The main purpose of the project is to provide a platform for everyone to have a go at DeFi mining and obtain limited tokens circulating in the entire ecosystem, GEG (GeGems) and GES...

Blog • 24 August 2021, Tuesday, 16:00

Older Bitcoins Being Spent as Price Climbs, On-Chain Data Shows - Glassnode

Following the higher bitcoin (BTC) prices seen over the past few weeks, the proportion of old bitcoins that are spent on the network has once again increased, a new report from on-chain analytics firm Glassnode shows. According to the firm, some long-term bitcoin holders have taken advantage of the currently high bitcoin prices to realize profits, but the volume of this selling has so far not been enough to put a dent on the price. In its latest weekly report, Glassnode said that increased spend...

Blog • 24 August 2021, Tuesday, 02:00

Watch: Spanish Police Bust a Suspected 111-rig Crypto Mining ‘Farm’

Spanish police have captured a raid on a suspected illegal underground crypto mining facility on video – breaking into a private house that was allegedly housing over 100 functioning mining rigs. In a video shared by the National Police, officers were shown battering down a door and piling into a property in a residential area of Toledo’s Yeles municipality – a sleepy suburb with just over 3,000 inhabitants. #Así desmantelamos una granja ilegal de minería de #criptomonedas en un chalet de #Toled...

Blog • 23 August 2021, Monday, 18:00

Crypto, NFT Adoption with Visa, PayPal, Substack, Marvel + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. NFT news Payments technology company Visa has announced it has bought a CryptoPunk as it enters into the world of non-fungible token (NFT) commerce. They paid around USD 150,000 to add it to their “historic commerce artifacts” collection.Media franchise Marvel has announced it has released its first NFT Digital Comic Collectibles for sale on NFT ...

Blog • 23 August 2021, Monday, 14:00

Avalanche Best Weekly Performer in Top 100 as Incentive Program Kicks In

The smart contract platform Avalanche’s native AVAX token once again surged higher today, following massive price gains last week boosted by the news that it is integrating with the major decentralized finance (DeFi) protocols Aave and Curve Finance (CRV). At press time on Monday (09:36 UTC), AVAX is up by 14.2% over the past 24 hours, trading at USD 49.06. The price is further up 162% for the past 7 days, making it the week’s best performing asset - while it is also today’s third-best performi...

Blog • 23 August 2021, Monday, 12:00

Chinese Court Says Crypto is ‘Not Protected By Law’

In a landmark ruling that could shake China’s crypto scene, the Supreme Court of the Shandong province has ruled that cryptocurrency “was not protected by law” after deliberating on a case that involves a potential fraud related to the purchase of tokens, as reported by The South China Morning Post. A Chinese plaintiff invested some RMB 70,000 (USD 10,800) to buy tokens endorsed by three of his acquaintances in 2017. Their accounts were allegedly closed after the People’s Bank of China, the coun...

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