Mining Blog & Mining News

Blog • 20 August 2020, Thursday, 11:00

Roger Ver To Disenchanted BCH Faction: Switch To DASH

Tech entrepreneur Roger Ver, whose activism in the cryptoverse has earned him the nickname Bitcoin Jesus, has stirred controversy by calling on the disillusioned Bitcoin Cash (BCH) faction to shift their efforts to altcoin DASH. With BCH’s Infrastructure Funding Plan (IFP) slated to redirect funding from miners to developers, Ver might lead an exodus of community members to voice opposition to these plans. “There is already a peer to peer electronic cash cash coin with IFP. It’s called DASH. I ...

Blog • 19 August 2020, Wednesday, 17:00

Flood of Yield Farming Projects Likely Coming to Cryptoverse - Report

Ethereum (ETH) decentralized finance (DeFi) protocols, such as the troubled Yam Finance yield farming project, are expected to rise in popularity in the coming months, with industry observers saying that the extremely high yields they offer encourage the rapid development of communities that are not deterred by the protocols’ highly speculative character. There are those in the Cryptoverse who find that not only will there be many more of these projects, but some might actually become great succ...

Blog • 19 August 2020, Wednesday, 15:00

Crypto Comes to Argentina Primera División Football League + 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 Club Atlético Independiente has become the first Argentinian professional football club to issue its own digital token, reports BeSoccer. The Avellaneda-based club says its token, launched in conjunction with Socios, is named the Rojo. The club also says that token holders will be allowed to win meetings with players, matched, and g...

Blog • 19 August 2020, Wednesday, 05:00

Bitcoin Mining Difficulty Set for a New All-Time High

Bitcoin (BTC) mining may rise to become the most difficult it's ever been in five days from now. Meanwhile, miners continue spending. If the BTC.com estimates come true, bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, will rise nearly 3% during its next adjustment, which would bring it up to 17.45 T - a new all-time high. Previous all-time high was 17.35 T, seen three adjustments ago, in mid-July. The difficulty kept to the upper end of 16 T since ...

Blog • 18 August 2020, Tuesday, 21:00

Trader Who Earned USD 11m Shares Trading Techniques, Offers Advice

A bitcoin (BTC) trader has shared the story about how he earned over USD 11,000 million, and offered some technical advice for beginner traders. The trader told his story in an interview with bitFlyer Japan, a trading platform, which described him as one of "the most famous" of the "prominent traders who are actively publishing information," per an emailed release. The man, known as Mr. European, started investing back in 2011 during his university days. Back then, he used his part-time job pay...

Blog • 18 August 2020, Tuesday, 17:00

4 Reasons Why Bitcoin’s Price Hike Beats Every Other Asset Class - Report

With the price of bitcoin (BTC) rising by more than 71% (Tuesday 14:00 UTC) since the beginning of this year, a recent analysis points to four factors which have allowed the cryptocurrency to generate a return that beats out every other asset class' performance. The primary drivers that have pushed up the price of bitcoin can be summed up in the following manner, according to the analysis by crypto resource news site Bitrawr: 1. Money Printer Go Brrrr During the previous global crisis that s...

Blog • 18 August 2020, Tuesday, 13:00

More Football Crypto as Japanese League Goes Blockchain + 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 Blockchain-powered fantasy football platform Sorare says it will launch a complete set of J-League – Japanese top-flight professional football league – non-fungible token (NFT) trading cards on the Ethereum blockchain. Per a press release, the firm said that “all players” in the 18-club J-League would be issued with collectible card...

Blog • 18 August 2020, Tuesday, 09:00

Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China

With heavy rainfalls and flooding hitting Southwest China’s Sichuan province, the global computing power dedicated to mining bitcoin (BTC) has now dropped by about a quarter, as some Sichuan-based miners have been forced to unplug from the network. The bitcoin computing power, usually referred to as the hashrate, dropped from a level of more than 140 million TH/s on August 14, to just over 105 million TH/s yesterday. The drop marks a decline of about 25% over just three days, which is an unusual...

Blog • 17 August 2020, Monday, 23:00

Chinese Steelmakers Using Blockchain to Break Dollar Dependence

Chinese firms could look to end their dollar dependence in international trade deals using blockchain technology – with the nation’s steel industry looking to purchase raw materials in Chinese fiat RMB rather than the American greenback. Per a report from China Economic Net, an increasing number of Chinese iron ore importers are turning to blockchain-powered cross-border platforms to conduct RMB trade deals, potentially doing away with USD, the usual currency of choice in international trading. ...

Blog • 17 August 2020, Monday, 15:00

DeFi Extravaganza: DeFi Exceeds USD 6B, Curve Drops and YFI Rises

After yet another eventful weekend in the fast-paced world of decentralized finance (DeFi), the surging popularity of DeFi protocol Curve, as well as a fast-growing “valueless” token, followed by a poll revealing that many crypto investors have no clue about DeFi, are catching the attention of traders. Following the weekend DeFi craze, the total value locked in the entire DeFi ecosystem has now surpassed USD 6 billion, to reach a record level of USD 6.34 billion, according to tracking site DeFi ...

Blog • 17 August 2020, Monday, 13:00

Block.one's Voice Beta Goes Live + More News

Here is your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Business news Block.one's social media site, Voice, is almost ready to go live, as its beta program opens its doors to the friends and family of the Voice Genesis community. Per the announcement, the current users of the beta can now invite their friends to join the network, while the content posted on the site is public for anyone to see...

Blog • 17 August 2020, Monday, 07:00

Buffet’s Gold Investment Triggers Schiff’s Attack on Bitcoin

Crypto skeptic and gold enthusiast Peter Schiff has welcomed legendary investor Warren Buffett’s latest decision to invest in Canadian miner Barrick Gold, and not in crypto, as proof that bitcoin (BTC) "is just a passing fad." Bitcoin’s so-called arch nemesis believes that gold will continue its “dominance as a safe-haven asset” despite the fact that Berkshire Hathaway’s CEO, Buffett, had previously shied away from investing in gold mining and claimed the metal had “no utility.” Buffet's u-...

Blog • 14 August 2020, Friday, 09:00

Cryptoverse in Chaos: Giants Race for New DeFi Darling, Curve, Yam Plots Comeback

The governance token CRV of Curve, exchange liquidity pool on Ethereum (ETH), was launched prematurely by an anonymous 'Chad,' and major exchanges moved to list it, as numerous theories are flying around, while YAM announced its transition to 2.0. This all happened in a matter of hours. The Cryptoverse went from Yamming straight to Curving in less than a day, as one industry observer summarised the situation. Curve's smart contract for the token was available for all to see on GitHu...

Blog • 14 August 2020, Friday, 07:00

Winklevoss Helped Barstool Sports’ Portnoy Buy More Bitcoin, Chainlink

After first admitting that he doesn’t understand Bitcoin (BTC), but that he wants to learn about it so he can get rich, the popular blogger and Barstool Sports founder Dave Portnoy has released the highlights from his meeting with the Winklevoss twins. In the video, Portnoy with Tyler and Cameron Winlevoss, both co-founders of the US-based Gemini exchange, discussed everything from how to buy BTC, to how mining works, and why BTC is a better form of money than gold, which they said will “rain pl...

Blog • 13 August 2020, Thursday, 09:00

Multimillion DeFi Experiment YAM Gets Rotten as Bug Eats Its Market Cap

The 'Save YAM' operation failed, as a flaw that prevents the hottest, two days old decentralized finance (DeFi) project from being rescued has been discovered. However, the team behind it announced the project's second version. According to the latest update,Yam Finance (YAM) discovered that the existing code bug would "interact with the governance module and prevent this proposal from succeeding" - the one on which the project fate rested. As for what happens to YAM now, the team s...

Blog • 12 August 2020, Wednesday, 09:00

Alarm Sounds As Hot & Unaudited DeFi Potato, YAM, Locks USD 387m In Hours

Apparently, decentralized finance (DeFi) is not risky enough for some people - the riskier the better(?). These have found a new thing to make seemingly popular, namely, pouring millions in an experimental and unaudited project. First, there was yield farming in the wild world of DeFi, spiced up with governance tokens, and now some yield farmers have turned from already, objectively risky business to a freshly launched DeFi project - YAM. Since its debut on the Uniswap decentralized exchange y...

Blog • 11 August 2020, Tuesday, 09:00

Ethereum's Supplygate Has Nuanced Answers & Hard Questions On Money

Following another heated Bitcoin (BTC) vs. Ethereum (ETH) debate, it looks like there is still no consensus on the exact supply of the world's second-most valuable cryptoasset, ETH - or if it even matters. However, there is an approximation. (Updated at 12:51 UTC: updates in bold.) It's a tale as old as ether-time: a story of a coin which the crypto-villagers have claimed for years has an infinite supply, wondering how and why. Others have been pointing out that there is a discrepancy in...

Blog • 11 August 2020, Tuesday, 01:00

Bitcoin Mining Difficulty Climbs Again, Miners Selling More BTC

Bitcoin (BTC) mining difficulty is getting closer to the 17 T zone, as it went up again - meaning, Bitcoin miners' job just got slightly more difficult, while they're spending more of their coins. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up by 0.59%, but that was not enough to push it over the 17 T level, raising the difficulty to 16.95 T. Though an accomplishment, this is not another all-time high, as that honor belongs to 17.35 T w...

Blog • 10 August 2020, Monday, 21:00

Chinese Province Says It Will Nurture 20 Blockchain Companies by 2022

Hebei Province, China, has embarked on an ambitious three-year blockchain development plan – and has pledged to foster 20 “leading” blockchain firms by 2022. Per Shanghai Securities News, the plans were unveiled by the IT arm of the Hebei Communist Party of China Provincial Committee Secretary. The authority stated that its goals for the end of 2022 were the following: establish 20 “leading” blockchain-related firmsfoster a number of blockchain apps and/or productscreate 1-3 nationally recognize...

Blog • 10 August 2020, Monday, 17:00

Crypto Listing and Delisting Announcements: Week 32

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: DeFiPie (PIE) Bilaxy Listings: Crypto Village Accelerator (CVA) PAC Global (PAC) VN Network (VN) PolyPux (PUX) UCX (UCX) Binance Listings: yearn.finance (YFI) Balancer (BAL) Travala (AVA) Leveraged tokens: BNBUP, BN...

Blog • 10 August 2020, Monday, 01:00

Bitcoin Rallies to New Yearly High, Outperforms Ethereum; Chainlink Flips Litecoin

The most popular cryptocurrency, bitcoin (BTC), rallied to a new yearly high in early Monday hours (UTC time), outperforming all but one coin in the top 10. At pixel time (03:33 UTC), BTC trades at USD 12,037 and is up by 2.3% in a day and almost 8% in a week. Earlier today, it hit almost USD 12,043, compared with USD 12,041 reached on August 2 when it crashed in minutes. The price is also up by 29% in a month and 5.7% in a year. BTC price chart One of the best-performing tokens this year, ethe...

Blog • 09 August 2020, Sunday, 09:00

Here’s How US-China Tensions Might Benefit Bitcoin

US-China tensions have increased in recent weeks. The US economy has weakened in parallel, while some analysts speculate that it has also helped to push the price of bitcoin (BTC) to just below USD 12,000. While the further deterioration of US-China relations could benefit Bitcoin, crypto industry figures told Cryptonews.com that sanctions against China could potentially result in BTC being used as a hedge, while the development of a digital yuan could push the US into developing a digital dolla...

Blog • 09 August 2020, Sunday, 07:00

Unchained DeFi Unicorns – The Next Wave of Billion Dollar Companies

Keld van Schreven is the Managing Director and Co-Founder of KR1 plc, the London listed cryptoasset and blockchain investment company. __ This summer has seen the start of a new hype cycle in technology and finance. The movement is called DeFi, which stands for Decentralised Finance and the good news is that you can get involved and join it too. DeFi really started with the Big Bang in 2008 when the Bitcoin (BTC) white paper was released and subsequently, early DeFi projects such as Melonport, ...

Blog • 07 August 2020, Friday, 13:00

Ethereum Classic Attacker Nets USD 1.7m, Bitfinex Loses USD 1m + 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. Security news The Ethereum Classic (ETC) attacker made at least USD 1.7m during the second attack on the network yesterday, according to Bitquery, a blockchain analysis firm. At the same time, the Bitfinex exchange lost ETC 143,000 (USD 1m), while another, unidentified crypto service lost ETC 95,000 ( USD 680,000), as the attacker successfully do...

Blog • 06 August 2020, Thursday, 13:00

Hot Crypto Exchange, NBA Plays Blockchain, Status Unknown + 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. Exchanges news Top-tier exchange volumes increased 42% compared to June, to USD 334bn, now representing 60% of total spot volume, said crypto market data provider CryptoCompare. Meanwhile, lower-tier volumes decreased by 38%, to USD 224bn. Binance was the largest top-tier exchange by volume, trading USD 68.4 billion (up 68%), followed by OKEx tra...

Blog • 06 August 2020, Thursday, 11:00

From Cash to Cat - A New Attempt to 'Make Bitcoin Great Again' In Works

It seems that the Cryptoverse might see another episode of the Bitcoin Cash (BCH) forking series. "I am considering to build a new Bitcoin fork inherit from BCH called Bitcoin Cat. It’s a temporary name. Cat is cute and harmless, [they] won’t have a war," said Haipo Yang, founder of crypto mining pool ViaBTC and crypto exchange CoinEx - likely referring to the rumored disagreements with the Bitcoin ABC team. Chris Pacia, the lead developer of the peer-to-peer marketplace OpenBazaar and a volunt...

Blog • 06 August 2020, Thursday, 03:00

It's Classic Now: Ethereum Classic Suffers Another 51% Attack

Ethereum Classic (ETC), one of the top 30 crypto networks by market capitalization, suffered another 51% attack in less than a week. (Updated at 06:50 UTC: updates in bold.) "Today another large 51% attack occurred on the #ETC which caused a reorganization of over 4000 blocks. Until further notice ETC pool payouts are disabled and we encourage all our miners to switch to our #ETH pool at http://ethermine.org in the meantime," Austria-based blockchain company Bitfly said today. Additionally, ETC...

Blog • 05 August 2020, Wednesday, 13:00

Square Saw Stronger Demand For Bitcoin in Q2, Local Stablecoins + 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. Crypto adoption news Payments company Square has reported USD 875m in bitcoin (BTC) revenue made via its Cash App service during the second quarter of 2020, up 600% year over year. According to the results report, Cash App generated USD 17m in bitcoin gross profit in that period, which is up 711% year over year. Bitcoin revenue and gross profit b...

Blog • 05 August 2020, Wednesday, 11:00

Ethereum Saved by DeFi in July, Tron Scores in All Metrics - DappRadar

A contrast, so to say, between two major blockchains was observed by dapp (decentralized app) data aggregator and analysis firm DappRadar in July: While Ethereum (ETH)'s results were "controversial," Tron (TRX)'s development was positive across the board. While ETH price increased in July by more than 50%, the number of daily active wallets decreased by 6%, to 15,200, because of Ethereum's high fees, DappRadar wrote in their recent report. This is seen in the Games and Marketplaces ...

Blog • 05 August 2020, Wednesday, 09:00

While Compound’s Locked Value Grows, COMP Tanked 60% Since June Highs

Following a divergence between the price of the Compound platform’s COMP token and the total value locked (TVL) in the DeFi (decentralized finance) platform, early token investors are now being accused by some for dumping their tokens on the market. Popular crypto investor Andrew Kang wrote on Twitter that what is happening with COMP now can be compared with a situation where customers have been given shares of a company they buy services from, and then gradually sell off those shares. @DegenSpa...

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