Mining Blog & Mining News

Blog • 22 February 2021, Monday, 17:00

Yellen on Bitcoin, NFTs Score Another Million + 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. Regulation news Recently, US Treasury Secretary Janet Yellen made several statements relevant to the crypto industry: - Yellen called bitcoin “a high-risk, speculative investment” and confirmed that the top priority is to ensure that it is not used as a vehicle for illicit transactions and that investor protections are maintained. - Also, she st...

Blog • 22 February 2021, Monday, 15:00

Here Are the Ways Governments Could Attack Bitcoin – and None of them Sound Hot

Experts are starting to muse about the possible strategies governments could use if they ever decided to wage war on Bitcoin (BTC) – and derail an asset whose rise in the past few months has been nothing short of meteoric. PayPal’s crypto plunge last year (set to expand in 2021) and Tesla’s decision to purchase USD 1.5bn worth of bitcoin have arguably been watershed moments for the token – bringing it to mainstream conversations around the world. But some undoubtedly feel that the BTC movement h...

Blog • 20 February 2021, Saturday, 09:00

Microstrategy Is Not For Microsoft and 20 Crypto Jokes

As bitcoin (BTC) soared over USD 50,000 this week, American politicians engaged in a high-stakes crypto pledge wars, while MicroStrategy raised over USD 1bn for its bitcoin purchases. The world’s largest asset manager, BlackRock, started “to dabble a bit’’ in bitcoin, even though Microsoft said it has no plan to follow in Tesla’s footsteps. Amongst those who do have a bitcoin strategy was an unlikely duo of German Deutsche Bank and cannabis company SynBiotic, and PwC researchers found that the m...

Blog • 19 February 2021, Friday, 15:00

OKCoin Suspends Bitcoin Cash, Bitcoin SV Trading, New ETFs + 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 Fiat-to-crypto exchange OKCoin said it will suspend bitcoin cash (BCH) and bitcoin SV (BSV) trading on March 1 because of the platform's "commitment to protect Bitcoin." OKCoin CEO Hong Fang said that the company feels "very disturbed by the copyright claim and threat of legal actions that Craig Wright is waging against the ope...

Blog • 19 February 2021, Friday, 13:00

Tron's Emoji Gets Into Awkward Situation While Justin Sun Goes "All In" On DeFi

Justin Sun's Tron (TRX) has attracted more unwanted media attention this week after French politician Georges Tron was convicted of rape and sexual abuse of staff, flooding France’s social media with the #tron hashtag and the protocol’s logo. On French social media, in many instances, the hashtag #tron, which automatically adds Tron's logo, was accompanied by hashtags such as #viol ('rape' in French), presenting the blockchain’s logo in a hardly desirable context. Yesterday, the...

Blog • 19 February 2021, Friday, 11:00

Bitcoin Mining Difficulty Set To Hit New ATH While BTC Rallies Above USD 53K

At the time when bitcoin (BTC) price is breaking all-time highs, the mining difficulty is set to break its record today. Per mining pool BTC.com estimates, mining may become the most difficult it's ever been in several hours from now (15:34 UTC). Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to climb by 1.4%, to 21.7 T. It would be the fourth increase in a row this year. Since its last adjustment down on December 28, the mining diffic...

Blog • 19 February 2021, Friday, 09:00

Bitcoin Is a Sideshow & a Poor Hedge, but It’s Mainstream – JPMorgan

Bitcoin (BTC) may be surging to never-seen-before heights as the week draws to a close, with prices surpassing the USD 53,000 mark for the first time today, but not everyone wants to sing its praises – nor those of altcoins – as JPMorgan’s analysts poured some water on the crypto fire. The company has unveiled a new report that makes considerable mention of BTC prices. Economic and crypto commentator Alex Krüger shared the report’s executive summary on Twitter, and the matter was also covered by...

Blog • 18 February 2021, Thursday, 15:00

Solana Founder On Critical DeFi Challenges and How To Fix Them

High transaction fees and security are the two most pressing challenges in the decentralized finance (DeFi) industry, according to Anatoly Yakovenko, Founder and CEO of blockchain developer Solana (SOL). The fee challenge can be solved “while maintaining satisfactory decentralization” while improving security requires an industry-wide collaboration, he added in a quick interview with Cryptonews.com. Here’s what we discussed as the Solana DeFi Hackathon kicked off this past Monday. Cryptonews.co...

Blog • 18 February 2021, Thursday, 13:00

N America's First Bitcoin ETF Booms, Nvidia's Surprise To Ethereum + 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. Bitcoin news North America’s first Bitcoin exchange-traded fund (ETF), the Purpose Bitcoin ETF (BTCC), that invests directly in "physical/digital bitcoin," debuted on the Toronto Stock Exchange on Thursday, with investors exchanging USD 80m worth of shares in the first hour, Bloomberg reported. "While it’s unclear how much of the activity in BTCC...

Blog • 18 February 2021, Thursday, 09:00

Bitcoin Mining Becomes A Side Venture For Chinese Non-Crypto Firms

As bitcoin’s (BTC) skyrocketing prices continue to whet the appetites of companies from different backgrounds, tea and baked goods retailer Urban Tea is the latest example of a Chinese non-crypto business expanding into crypto mining and blockchain with the appointment of new leadership to pilot its efforts. The surge in interest by Chinese players comes at a time when local crypto miners could lose their competitive advantage of low electricity costs, Wayne Zhao, Chief Operating Officer (COO) o...

Blog • 18 February 2021, Thursday, 05:00

Robinhood Suspected To Be a Dogecoin Whale As It Plans New Crypto Services

The under-fire American trading platform Robinhood said it will provide customers “the ability to deposit and withdraw” cryptoassets and has claimed that it has no crypto holdings – despite mounting suspicion that it could be one of the mysterious dogecoin (DOGE) whales who control vast amounts of the runaway token. In a series of tweets, Robinhood wrote: “So much interest in crypto! To be crystal clear, we fully intend to provide the ability to deposit and withdraw cryptocurrencies, including D...

Blog • 17 February 2021, Wednesday, 23:00

DDoS Attacks Slow as Botnet Operators Turn to Crypto Mining – Kaspersky

Cybercrooks are slowly turning their backs on crime because they are finding it is more profitable to mine crypto, according to research from Kaspersky Labs. Per Kommersant, the Russian software giant said that distributed denial-of-service (DDoS) attacks in the final quarter of the 2020 financial year were actually up on the previous quarter’s figures by 10%, but pointed out that in the same period in 2019, the rate increased by a whopping 44%. Kaspersky claimed that the slowdown had been “caus...

Blog • 17 February 2021, Wednesday, 13:00

BlackRock 'Dabbles' In Bitcoin, CBDC Card, Ethereum Futures + 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. Investing news Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, told CNBC that the world’s largest asset manager started "to dabble a bit" in bitcoin (BTC), but he did not specify any further. "My sense is that technology and regulation have evolved to the point where a number of people think it should be a part of th...

Blog • 17 February 2021, Wednesday, 07:00

Another Chinese Giant Enters Bitcoin and Ethereum Mining

Another Chinese non-crypto firm has moved into bitcoin (BTC) mining – with the shipping behemoth Sino Global set to snap up a controlling stake in computing company Nine-Chain Intelligent in a deal worth around USD 8.5m. Per a press release, Sino Global announced that it had signed a Letter of Intent that would see it acquire 51% of the shares in the company, whose full name is the Inner Mongolia Nine-Chain Intelligent Big Data Park Service. Based in Erenhot, in the autonomous Chinese region of ...

Blog • 16 February 2021, Tuesday, 07:00

Lottery Giant 500.com Buys Bitcoin Miner BTC.com From Jihan Wu

Listed Chinese online sports lottery service provider 500.com said it agreed to acquire the BTC.com Bitcoin (BTC) mining bussiness from Bitmain co-founder Jihan Wu. 500.com is buying the business in exchange for its newly issued class A shares, or around a 10% stake in this lottery provider with a market capitalization of USD 860m. However, if BTC.com Pool Businesses records a net operating profit of no less than USD 20m this year, the current shareholders should get an additional, up to a 5% st...

Blog • 14 February 2021, Sunday, 09:00

A Wave of Giants Rushing to Invest in Bitcoin Could Derail the Stock Market

Gavin Brown, Associate Professor in Financial Technology, University of Liverpool. After Tesla announced it has invested USD 1.5bn in bitcoin and expects to start accepting the cryptocurrency as a payment for its electric vehicles in the near future, the bitcoin price went soaring. It went from around USD 39,400 to an all-time high of over USD 48,000 in less than 24 hours. The price is now up by over 50% in the first six weeks of 2021. Led by Elon Musk, Tesla’s investment is obviously in profit...

Blog • 11 February 2021, Thursday, 13:00

Uber Says "Maybe" & "No" To Bitcoin, Yellen On Crypto Crime + 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. _ Bitcoin news Uber has “quickly dismissed” the idea of buying bitcoin (BTC) with the cash on its balance sheet, because the company is "going to keep our cash safe," CEO Dara Khosrowshahi told CNBC. However, he didn't rule out the possibility of Uber eventually accepting cryptocurrencies as payment. The company also reported declining revenu...

Blog • 11 February 2021, Thursday, 11:00

Opinions Divided on Bitcoin ETF in US as Experts Say 2021 Launch Is Possible

Experts are saying that an American bitcoin (BTC) exchange-traded fund (ETF) could become “a real thing” in 2021 – but a debate has sparked on social media, with some warning products of this sort may still be some way off. In a Bloomberg article, authors Claire Ballentine and Katherine Greifeld claimed that the chances of a BTC ETF launching this year are improving, according to market observers, adding that “there’s good reason to think” that demand for the product is high. Bitcoin ETFs have ...

Blog • 10 February 2021, Wednesday, 17:00

BBC Features Stories of Traders who Struck it Rich on Bitcoin

The mainstream media is continuing to focus on bitcoin (BTC) in the wake of the token’s Tesla-fuelled record-breaking rise. And in the UK, the national broadcaster, the BBC, has delved into the world of British and international crypto investors, unearthing tales of folks hit the jackpot with BTC – and one who lost it all. Among those who came out on top were Javed Khan, an independent trader who said he got into BTC in earnest by chance in 2018. He claimed that he used bitcoin as a means of tra...

Blog • 10 February 2021, Wednesday, 13:00

Bitcoin Mining Moves In Russia & US, Ledger Gets Big Client + 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. Mining news An unnamed miner has just sent Russia’s largest single batch of mining equipment into the country – heading for a BitRiver-run data center in Irkutsk, and loaded on 14 trucks. The 20,000 devices have a combined power capacity of 70 MW and an estimated value of USD 40m - USD 60m, reported Kommersant. The media outlet quoted experts as ...

Blog • 10 February 2021, Wednesday, 05:00

Bitcoin Miners Buy Oversupplied Energy, Turn To Renewables - Nic Carter

Bitcoin (BTC) mining leaves a climate footprint, but renewable energy accounts for a considerable share of the process, according to Nic Carter, Founding Partner of blockchain-focused venture capital (VC) firm Castle Island Ventures. “Bitcoin absolutely is an industry that consumes a lot of energy,” Carter said in an interview with Bloomberg TV. “We needed to find a way to issue the units fairly, so to create a unit of bitcoin miners have to burn some energy.” Commenting on how numerous Chinese...

Blog • 09 February 2021, Tuesday, 13:00

New Bitcoin Trust, ECB Might Limit Digital Euro Holdings + 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. Investing news US-based major crypto lending and trading company BlockFi announced the launch of the BlockFi Bitcoin Trust, an investment vehicle for investors seeking access to bitcoin (BTC). "As we work to broaden the availability of this vehicle to retail brokerages, we expect this product will facilitate greater investments in digital assets,...

Blog • 09 February 2021, Tuesday, 05:00

Yes, Huawei Is Getting into Mining – But Not Bitcoin Mining

With the number of companies getting into bitcoin (BTC) and altcoins on the rise everywhere in the world, some say that it is now only a matter of time before Asia’s tech giants turn their attention to tokens. But it appears that a few folks have jumped the gun with reports that Chinese mobile and electronics giant Huawei is set to begin BTC mining. The truth, some crypto advocates will be dismayed to learn, is that the Chinese conglomerate is actually getting into a more mundane form of mining ...

Blog • 08 February 2021, Monday, 13:00

Apple Has a 'Multi-Billion Dollar Opportunity' in Bitcoin & Crypto + 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. Bitcoin news US tech giant Apple could create for itself "a clear multi-billion dollar opportunity" if it were to develop its Apple Wallet into a crypto exchange, Mitch Steves, an analyst at RBC Capital Markets, suggested, as reported by Bloomberg. According to the analyst, Apple could also consider adding bitcoin (BTC) or another digital currenc...

Blog • 08 February 2021, Monday, 09:00

2020 Review and 2021 Outlook - Our Continuous Pursuit of Breakthrough, Excellence and Win-win

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Dear BitMax.io Users, Community Members, Partners, and Supporters, Happy New Year! The year 2020 was a memorable one for all of us at BitMax, our community members, and to a large extent, the entire industry. Not only did major digital assets achieve broader adoption globally, but the ever-evolving landscape also saw tremendous progress. Riding the wave of the recent market boom, BitMax has further accelerated ...

Blog • 08 February 2021, Monday, 07:00

BTC 1,700 In Limbo As Fraudster Won’t Give The Password To Prosecutors

German public prosecutor's office has seized almost BTC 1,800 (USD 70m) from a man sentenced to prison for fraud, but they claim they cannot access the majority of the cryptocurrency since the man has refused to provide them with a password. The crypto was seized in 2013, and since then, its value has skyrocketed. The authorities can't access around BTC 1,700 (USD 66.5m). Today, BTC trades at around USD 39,000 while in 2013 its price jumped from around USD 100 to USD 1,000. The fraudste...

Blog • 06 February 2021, Saturday, 07:00

Pumping, Dumping, Rallying, Jumping and 20 Crypto Jokes

This eventful week in crypto, ethereum reached a new all-time high, insiders shared a number of bullish signs for BTC, dogecoin dumped, then pumped again, tron dumped, then XRP doubled and dumped, while Ripple gave its preliminary legal response to the SEC and SBI’s crypto exchange started offering XRP lending, but XRP pumpers still hoped for more action to come, as Cardano’s Hoskinson warned about pump & dump dangers. A LTC MimbleWimble developer said the initial code will be completed in M...

Blog • 05 February 2021, Friday, 21:00

Spanish Tax Body Will Force Citizens to Declare Overseas Crypto Holdings

The Spanish Tax Agency – known in the nation as the Hacienda – has announced its intentions to step up its monitoring of crypto, and will move to force citizens and residents alike to declare their bitcoin (BTC) and altcoin holdings, even if those are held on overseas-based platforms. Per El Economista, the Hacienda has recently outlined its plans for 2021, and appears to suggest that it will apply Modelo 720 rulings to crypto holdings as of this year. The Modelo 720 is a declaration of overseas...

Blog • 04 February 2021, Thursday, 15:00

GameStop and Dogecoin Show How Memes Can Move Markets

Jason Potts, Professor of Economics, RMIT University, Chris Berg, Senior Research Fellow and Co-Director, RMIT Blockchain Innovation Hub, RMIT University. One of the most difficult problems in finance right now is figuring out the fundamental economic value of cryptocurrencies. And the past week has complicated this further. For many cryptocurrency investors, the value of Bitcoin is based on the fact it is artificially scarce. A hard cap on “minting” new coins means there will only ever be 21 m...

Blog • 03 February 2021, Wednesday, 13:00

Pension Fund's Exposure to Bitcoin, USD 600,000 per BTC + 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. Bitcoin news The California Public Employees’ Retirement System (CalPERS), America’s biggest public pension fund, upped its stake in Riot Blockchain, a Bitcoin (BTC) mining company. CalPERS increased its holdings in the mining outfit from 17,000 shares in 2017 to over 113,000 in the last quarter of the previous financial year (FY2020). Per a doc...

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