Mining Blog & Mining News

Mining Blog & Mining News

CBDC Among Priorities in Japan, eToro card, Flashing Crypto Loans + 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 Bank of Japan (BoJ), the nation’s central bank, has called central bank digital currency (CBDC) issuance one of its “top priority issues.” Takeshi Kimura, the BoJ’s department director-general of Payment and Settlement Systems (the part of the BoJ charged with CBDC-related matters), told the Asahi Shimbun, “We will move forward with...
CBDC Among Priorities in Japan, eToro card, Flashing Crypto Loans + More News

Perth Mint to Launch Blockchain-powered Gold Supply Product in 2021

Australia’s leading precious metals refinery, Perth Mint, and the Israeli blockchain technology company Security Matters have teamed up to launch what they call a mine-to-marketplace ethical gold supply chain solution. The companies said the solution will be run by a joint venture named trueGold, with transparency guaranteed by blockchain technology. They said the product will launch in a “full commercial roll-out” in Q1 of next year. In a July 29 filing to the Australian Securities Exchange (AS...
Perth Mint to Launch Blockchain-powered Gold Supply Product in 2021

Bitcoin Mining Difficulty Drops, While Miners Slow Down BTC Sale

Tonight (UTC time), Bitcoin (BTC) mining difficulty dropped for the first time in two months almost as estimated. Meanwhile, after selling more BTC than was generated in the past week, it seems that miners started to hoard more. BTC mining difficulty, the measure of how hard it is to compete for mining rewards, decreased by 2.87%, to 16.85 T. This on its own is still the second-highest BTC mining difficulty in its history - right after the 17.35 T it saw mid-July. The drop follows one unchange...
Bitcoin Mining Difficulty Drops, While Miners Slow Down BTC Sale

Bitcoin Mining Difficulty Set to Drop for the First Time in Two Months

The short string of very high highs in Bitcoin (BTC) mining difficulty is to be broken today according to the current estimates, with miners about to see a difficulty drop instead. Per the current estimations by mining pool BTC.com, the difficulty will decrease by more than 3% to 16.8 T. This would be the first drop since early June, and the smallest one since late February. As reported, the months of June and July - or the last three difficulty adjustments in BTC mining difficulty, the measure...
Bitcoin Mining Difficulty Set to Drop for the First Time in Two Months

BTC.TOP Launches 'Joint Mining' Platform, Users Pay After Breaking Even

Crypto mining pool BTC.TOP, via its subsidiary B.TOP, now offers "joint mining" - enabling users to buy hash power, as well as pay the fees and share the profit once their revenue reaches the cost of the equipment they initially bought. "We hope to lower the entry barrier for those who would like to mine but cannot purchase or operate the mining machines because of various limitations," Jiang Zhuoer, founder and CEO of BTC.TOP, was quoted as saying in a press release. B.TOP provides a variety o...
BTC.TOP Launches 'Joint Mining' Platform, Users Pay After Breaking Even

Ant Group Explains What its 100m per Day ‘Digital Assets’ Uploads Are

Alibaba affiliate Ant Group has revealed details about the nature of the 100 million+ “digital assets” it said are uploaded onto its AntChain blockchain network “every day.” As reported, the Ant Group earlier this week announced that it has launched AntChain, calling it a “new technology brand for the Ant Group’s blockchain-based solutions.” The company claimed that it “now has the largest productivity blockchain platform in China, with the ability to process and support one billion user account...
Ant Group Explains What its 100m per Day ‘Digital Assets’ Uploads Are

Bitcoin Mining Rigs Are Pouring into Abkhazia…Where Mining Is Illegal

Illicit crypto mining appears to be booming in the South Caucasus region, with Abkhazia where crypto rigs are reportedly flooding over the border – despite the fact that mining is officially illegal under Abkhazian law. The largely unrecognized Republic of Abkhazia in the South Caucasus is recognized by most countries as an autonomous republic of Georgia. Per Nuzhnaya Gazeta, a whopping 83 consignments of crypto mining hardware worth USD 589,290 have crossed the Abkhazia-Russia border checkpoint...
Bitcoin Mining Rigs Are Pouring into Abkhazia…Where Mining Is Illegal

Devastating Floods in China Raise Questions About Bitcoin Mining Too

With cities under water, billions in damages already reported, and the amount of flooding that China hasn't seen in years putting an increasing pressure on the world's largest hydropower station, there is reasonable concern that mining facilities are in danger as well - in the country that hosts the majority of the world's Bitcoin (BTC) hashrate, or the computational power. Because of the monsoon season and torrential rains, and the country facing "the worst flood since 1998," accom...
Devastating Floods in China Raise Questions About Bitcoin Mining Too

Chinese Blockchain Network Integretes Ethereum, Tezos, NEO, and More

China’s Blockchain Service Network (BSN) platform will integrate the Ethereum (ETH), Ios, Tezos (XTZ), Nervos (CKB), NEO and IRISnet blockchain networks as an international portal is unveiled in August. Per a blog post, a version of the BSN – a network that already has full coverage in all major Chinese cities, per official sources – will roll out on August 10. Its operators said it will be called the BSN International Portal and “will allow users around the world access to low-cost blockchain s...
Chinese Blockchain Network Integretes Ethereum, Tezos, NEO, and More

Tron's 'JUST DeFi' Exchange and Yield Farming Launching in August

In an effort to broaden its decentralized finance ecosystem, major blockchain platform Tron has announced the launch dates for two more products - both said to be coming in a month. Justin Sun, founder of Tron (TRX), took to Twitter to announce three "exciting" decisions he said have been made today: JUSTswap will launch on August 17 JUST Stablecoin (USDJ) and JUST (JST) yield farming will launch on August 31 TRON will officially launch a blockchain oracle. As to when the oracle will be launched...
Tron's 'JUST DeFi' Exchange and Yield Farming Launching in August

YFI Grabs Yield Farmers' Attention as DeFi Hits USD 3bn Milestone

It's getting busier in the world of decentralized finance (DeFi) every day: the total value locked surpassed USD 3 billion, while a new governance token took the yield farming spotlight. DeFi has been hitting major milestones over the past few months, with the total value locked (TVL) rising quickly and substantially. In February of this year, DeFi reached USD 1 billion in TVL - the first since DeFi Pulse started tracking it in August 2017. Five months later, it hit its second billion. Less...
YFI Grabs Yield Farmers' Attention as DeFi Hits USD 3bn Milestone

Satoshi Nakamoto Mined More Than 1 Million Bitcoin - Report

Bitcoin’s (BTC) pseudonymous creator Satoshi Nakamoto may have mined more than 1 million bitcoin in the early days of the cryptocurrency, according to analysts at crypto transaction tracker Whale Alert. The early Bitcoin miner known as Patoshi mined BT 1,125,150 during BTC’s infancy, when Patoshi controlled “a constant 60%” of the network’s processing power, presumably in order to ensure no other miners would be able to carry out a 51% attack on the new and vulnerable network, analysts said in ...
Satoshi Nakamoto Mined More Than 1 Million Bitcoin - Report

Bitcoin Hashrate Might Double In a Year, Pressing Miners' Margins

Bitcoin (BTC) hashrate, or the computational power of the Bitcoin network, could rise 120% in a year, but the price of the coin needs to follow so that the profitability for miners wouldn't drop, according to a recent research. In their latest report, commissioned by Fidelity Center for Applied Technology (the R&D division of major asset manager Fidelity), digital asset advisory firm BitOoda stated that the price of bitcoin is "a key element of sustained hashrate growth." The firm said: "Th...
Bitcoin Hashrate Might Double In a Year, Pressing Miners' Margins

Crypto Mastercard, French CBDC Experiment, Fake Digital Yuan + 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. Payments news Payments giant Mastercard has granted London-based digital payments firm Wirex principal membership status, making it "the first native cryptocurrency platform" to be granted the membership. According to the press release, this enables Wirex to issue payment cards directly to consumers.The G20 will unveil a new cross-border payments...
Crypto Mastercard, French CBDC Experiment, Fake Digital Yuan + More News

Crypto Insider Traders Run Free, Hurting Unregulated Market

The crypto industry has an insider trading problem. While no official laws or regulations explicitly prohibit insider trading within crypto, industry observers suspect that it happens more often than you think. Few crypto exchanges and companies are actually listed on traditional stock exchanges, so ‘insider trading’ in the normal sense doesn’t happen in crypto. Nonetheless, insider trading has its forms within crypto. It could be a group of people, such as founders, team members, who have knowl...
Crypto Insider Traders Run Free, Hurting Unregulated Market

Venezuela Tells Citizens in Gov’t Houses to Stop Mining Crypto

The Venezuelan government is set to ban crypto mining in government-provided housing, per an official announcement. The announcement was made in a video tweeted by state-owned television station VTV Canal 8. In the video, Ildemaro Villarroel, the Minister of Housing, stated that the central government had issued an edict banning the installation of equipment that is capable of mining bitcoin (BTC) and other cryptocurrencies in homes provided by the state. The minister said that the move was bein...
Venezuela Tells Citizens in Gov’t Houses to Stop Mining Crypto

78% of Ethereum Held in ‘Validator Qualified’ Wallets

Almost 78% of the current supply of Ethereum’s native ETH token is currently held in wallets “qualified” to become network validators as Ethereum is moving to its version 2.0, according to two Ethereum development insiders. In a blog post, published yesterday, Tanner Hoban and Tom Borgers, both corporate development staffers at Ethereum-focused blockchain firm ConsenSys, said that approximately ETH 86.6m are currently held by wallets that could go on to become validators and start staking. Accor...
78% of Ethereum Held in ‘Validator Qualified’ Wallets

Lenovo Distances Itself from ‘Digital Currency’ Claims + 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. Investment news Legend Holdings, the owner of the Lenovo Group, has issued a statement denying it has made any “digital currency” or “blockchain” investments after rumors and reports circulated online. Per Sina, the company said that social media accounts that have called for investors to back its blockchain and digital token operations are “fake...
Lenovo Distances Itself from ‘Digital Currency’ Claims + More News

DeFi on 'Tesla's Path' as Tokens Skyrocket On Hopes, Not Results

Decentralized finance (DeFi) earnings took a downturn in the second quarter of 2020, but DeFi tokens are rocketing to new highs thanks largely to yield farming – suggesting DeFi could become the financial industry’s answer to Tesla. American electric card producer Tesla is famously valued at around USD 268 billion by investors, despite the fact that it is yet to turn a profit. And DeFi could be the finance industry’s growth engine for the industry 4.0 era. According to the Bankless program’s tok...
DeFi on 'Tesla's Path' as Tokens Skyrocket On Hopes, Not Results

Zcash Upgrade, Stellar on Samsung, Gemini on Brave + 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. Privacy news Privacy-focused Zcash (ZEC) upgraded today, improving interoperability through FlyClient support and giving miners the option to immediately shield mining rewards in coinbase transactions. "Shielded coinbase is an important milestone for Zcash network privacy and the overall size of the anonymity set," according to an introduction to...
Zcash Upgrade, Stellar on Samsung, Gemini on Brave + More News

Sign of ‘Retail Frenzy’ as DeFi Token Sale Gets Oversubscribed 46 Times

A new initial exchange offering (IEO) on crypto exchange Gate.io has recently raised eyebrows in the crypto community with a sale that got reportedly oversubscribed a whopping 45 times. The token in question is the Meter Governance Token (MTRG) from a project known as Meter, which describes itself as "a DeFi [decentralized finance] infrastructure with the first crypto native low volatility coin" and a “permissionless alternative to Libra.” “Meter uses an innovative economic and consensus design...
Sign of ‘Retail Frenzy’ as DeFi Token Sale Gets Oversubscribed 46 Times

Yield Farming ‘Frenzy’ Didn’t Boost DeFi User Numbers

A new report has found that so-called “yield farming” has taken the decentralized finance (DeFi) scene “by storm” of late – but has failed to bring large amounts of new people to the DeFi table, and has done little to help the “DeFi community grow beyond its current borders.” These were the findings of a quarterly report from Consensys’ Codefi unit. Yield farmers make use of the Compound-developed COMP governance token, which was released in June this year. COMP tokens are offered as daily rewar...
Yield Farming ‘Frenzy’ Didn’t Boost DeFi User Numbers

CBDC Week: Another G7 Country Mulls Joining Digital Fiat Race

After the UK admitted it is mulling digital fiat plans this week, the Japanese government has also announced that it is considering the launch of a central bank digital currency (CBDC). Per Nikkei, the cabinet is set to make a formal decision on whether or not it will include the issuance of a CBDC in its policy framework in the near future – adding that that should it do so, this would make digital yen issuance “official government policy.” The government could include CBDC plans in its forthco...
CBDC Week: Another G7 Country Mulls Joining Digital Fiat Race

Ethereum's Buterin Calls DeFi-powered Yield Farming ‘Unsustainable’

Ethereum (ETH) Co-founder Vitalik Buterin said he has a bit of “love and hate” for the influx of decentralized finance (DeFi) apps that have been built on the network of late – although he labeled them “valuable and essential” to the blockchain's community. Speaking in an interview with Ryan Sean Adams, Founder of crypto investment company Mythos Capital and creator of the Bankless program. Buterin also criticized so-called yield farmers, and said that the high interest rates that some liqui...
Ethereum's Buterin Calls DeFi-powered Yield Farming ‘Unsustainable’

Blockchain Medical Prescriptions Coming in Chinese City + 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 A Chinese city said it will launch a blockchain-powered medical prescription app for smartphone-using residents. Per Zhihu, the initiative will be launched in Kunshan, in Jiangsu Province, and will be a national first. The platform has been co-created by a mobile carrier and the city’s health authority.The South Korean government ...
Blockchain Medical Prescriptions Coming in Chinese City + More News

Crypto Listing and Delisting Announcements: Week 28

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. __ Bibox Listings: CyberMiles (CML) AMIX (AMIX) Binance Listings: Swipe (SXP) Synthetix (SNX) ETHUP Leveraged Token (ETHUP) ETHDOWN Leveraged Token (ETHDOWN) Delistings: Aeron (ARN) Etherparty (FUEL) Lunyr (LUN) Bitfinex Listings: Meg...
Crypto Listing and Delisting Announcements: Week 28

Telcos Trial Blockchain, Fidelity & Bitcoin Mining, UK Mulls CBDC + 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 Three major telcos, Deutsche Telekom, Telefónica, and Vodafone said they have finalized a trial automated settlement of roaming discount agreements using a solution developed by blockchain-based settlement company Clear. Operator benefits included obtaining yearly settlement results in minutes instead of hours; uncovering data di...
Telcos Trial Blockchain, Fidelity & Bitcoin Mining, UK Mulls CBDC + More News

It's Never Been So Difficult to Mine Bitcoin; Miners Offload More BTC

Bitcoin (BTC) mining difficulty just reached a new all-time high, increasing pressure on less efficient miners that have already started selling more BTC. Bitcoin mining difficulty, which is the measure of how hard it is to compete for mining rewards, just jumped by 9.89%, climbing above 17 T for the first time and reaching 17.35 T. Last time it increased more was in September of 2019, when it jumped by 10.38%. The difficulty is adjusted every 2,016 blocks, or around two weeks to maintain the n...
It's Never Been So Difficult to Mine Bitcoin; Miners Offload More BTC

DOGETok Jumps, Playgrounds, Presidential Runs and 20 Crypto Jokes

This week in the Cryptosphere, BTC miners were not selling them coins, and Venezuelan military intercepted a truck full of mining rigs. Chainlink hit an all-time high, and Dogecoin soared as TikTokers attempted to pump it, with Justin Sun joining the scene too, followed by a few exchanges. Cardano entered a custody agreement with Coinbase, and its founder Charles Hoskinson raised the idea of a collaboration with Litecoin, while Terra revealed Anchor, governed by a newly formed organization, and ...
DOGETok Jumps, Playgrounds, Presidential Runs and 20 Crypto Jokes

DeFi Faces Multiple Challenges On Its Way To Dominate Crypto

While Bitcoin (BTC) maximalists remain skeptical, many other industry players believe that DeFi, or decentralized finance, is set to become the dominant sector within the cryptoasset industry. Decentralized finance has already been one of the fastest-growing sectors for a couple of years now, while the acceleration of its growth in recent months has brought even more attention to it. As industry commentators told Cryptonews.com, DeFi is really the only sub-sector within crypto that has provable ...
DeFi Faces Multiple Challenges On Its Way To Dominate Crypto
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