Mining Blog & Mining News

Mining Blog & Mining News

Bitcoin ATM Boom, OKEx's Lightning, India's Blockchain Plan + 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 CoinFlip, a major US-based Bitcoin ATM operator, said it grew its network from 441 ATMs in January 2020 to over 1,400 by year’s end, with terminals in 45 of the 50 states. Additionally, CoinFlip claims it saw an average 48% increase in the unspecified amount per customer transaction in 2020. The company aims to expand its ne...
Bitcoin ATM Boom, OKEx's Lightning, India's Blockchain Plan + More News

Ukraine Wants to Bolster its Budget with Nuclear-powered Crypto Mining

The Ukrainian energy ministry is in advanced talks with a domestic crypto mining firm named Hotmine over a proposed deal to allow the company to build mining centers at more of the nation’s nuclear power plants. As reported late last month, the ministry, in conjunction with NAEC Energoatom – the state-run nuclear energy firm that manages Ukraine’s four active nuclear power stations – has agreed to allow a constructor to build a mining center at the site of its Rivne-based station. But in a Faceb...
Ukraine Wants to Bolster its Budget with Nuclear-powered Crypto Mining

Global Uncertainty Drops But Is Still 50% Above Historical Average

Hites Ahir is a senior research officer in the International Monetary Fund (IMF)’s Research Department. Nicholas (Nick) Bloom is a Professor of Economics at Stanford University, and a Co-Director of the Productivity, Innovation and Entrepreneurship program at the National Bureau of Economic Research. Davide Furceri is Deputy Division Chief of the Regional Studies Division of the Asia and Pacific Department of the IMF. _ Global uncertainty reached unprecedented levels at the beginning of the COVI...
Global Uncertainty Drops But Is Still 50% Above Historical Average

GameStop: How Redditors Played Funds For Billions (And What Might Come Next)

_ James Doran, Associate professor/Deputy head of school, UNSW. _ How does a small retail company that sells video games, worth less than USD 400 million in the middle of 2020, become a USD 10 billion company in less than six months? How does its share price climb from about USD 20 on January 12 2021 to USD 347 on January 27 – then fall back to USD 193 the very next day? The stunning price surge in GameStop shares, driven largely by hyped-up Reddit users with the aid of Elon Musk, has drawn the...
GameStop: How Redditors Played Funds For Billions (And What Might Come Next)

Fair Banking Delayed, Nuclear-powered Bitcoin Mining + 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 The US Office of the Comptroller of the Currency (OCC) said it has paused publication of its rule to ensure large banks provide all customers fair access to their services. "Pausing publication of the rule in the Federal Register will allow the next confirmed Comptroller of the Currency to review the final rule and the public com...
Fair Banking Delayed, Nuclear-powered Bitcoin Mining + More News

Crypto Lending Heats Up, Jihan Wu Steps Down, FinCEN News + More

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 lending news Full-service crypto prime broker Genesis said that its lending business added over USD 7.6bn in new originations in the last quarter of 2020. "This marked our largest quarter to date, up from USD 5.2bn of new originations in Q3, which had been our largest quarter at that time," they added. Cumulative originations increased 55...
Crypto Lending Heats Up, Jihan Wu Steps Down, FinCEN News + More

Bitcoin Mining Difficulty at ATH, New ETF Attempts + 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 Bitcoin (BTC) mining difficulty, the measure that shows how hard it is to compete for mining rewards, has reached a new all-time high of 20.82 T on January 23, having gone up 1.05%. This follows a 10.79% increase to 20.61 T two weeks prior. (Learn more: Bitcoin Mining in 2021: Growth, Consolidation, Renewables, and Regulation)Major A...
Bitcoin Mining Difficulty at ATH, New ETF Attempts + More News

Bitcoin-Loving Nasdaq Companies Surge On Multimillion BTC Deals

After US-based business intelligence company MicroStrategy (MSTR) revealed its relatively small USD 10m bitcoin (BTC) deal last Friday, Marathon Patent Group (MARA), another Nasdaq-listed entity, said it purchased BTC 4,812.66 for an aggregate purchase price of USD 150m. Shares of both companies jumped in the first trading hour on Monday. (Updated at 15:06 UTC with comments from Bill Miller IV.) MARA rallied by around 8%, reaching USD 19.83, while MSTR advanced by almost 4%, hitting USD 597.88. ...
Bitcoin-Loving Nasdaq Companies Surge On Multimillion BTC Deals

Davos 2021 & A ‘Great Reset’: We Can't Count On the Same Old Globalists

Jonathan Michie, Professor of Innovation & Knowledge Exchange, University of Oxford. _ The 51st World Economic Forum starts on January 25, but with a major difference. Whereas this is famously the annual gathering at the Davos ski resort in Switzerland of global leaders from business, government and civil society, this year’s event will take place virtually because of the pandemic. Inevitably, the event for the 1,200-plus delegates from 60 countries aims to respond to the apocalyptic event...
Davos 2021 & A ‘Great Reset’: We Can't Count On the Same Old Globalists

Green Markets, Red Markets, Meh Markets and 20 Crypto Jokes

This was quite a week for ethereum which reached its ATH territory in USD, though it remained far from its ATH against BTC. But some mining pools banded together to try and stop the EIP 1559. Meanwhile, as the bitcoin snowball is expected to hit more institutions in 2021, JP Morgan strategists told us to look at the Grayscale Bitcoin Trust inflows for the USD 40K breakout signs, but when Grayscale made a major purchase, BTC went ‘meh’. And though the markets went red, altcoins may be set to rece...
Green Markets, Red Markets, Meh Markets and 20 Crypto Jokes

OKCoin's Lightning, Grayscale's Fillings, NexTech Sells BTC on Fake News + More

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 OKCoin said it will integrate the Lightning Network into the OKCoin exchange in Q1 2021. The Lightning Network is a layer 2 protocol that operates on top of the Bitcoin (BTC) network and provides a scaling solution for faster bitcoin transactions at much lower network fees.Singapore Exchange Ltd and Singapore state investor Temasek...
OKCoin's Lightning, Grayscale's Fillings, NexTech Sells BTC on Fake News + More

Ethereum's Upgrade Runs Into an Obstacle as Some Miners Try To Stop It

The long-awaited Ethereum (ETH) improvement proposal (EIP) 1559 has run into its adversaries as a number of Ethereum miners banded together to prevent its implementation. It's not yet clear, however, where the two of the largest pools stand on this issue. Nine mostly smaller mining pools have joined the "STOPEIP1559" movement. There is a giant among them though, as they are joined by one of the three largest pools, Ethermine, by itself accounting for nearly 21% of the network’s hash power. T...
Ethereum's Upgrade Runs Into an Obstacle as Some Miners Try To Stop It

Alongside CBDC Plans, BIS Reveals Tokenized Green Retail Bond Pilot

The Bank for International Settlements (BIS) has announced that it will begin work on a new blockchain-powered tokenization incentive, and will intensify its central bank digital currency (CBDC) operations by launching a new platform. In a press release and presentation materials shared with Cryptonews.com, the BIS stated that its Innovation Hub unit would this year channel its efforts through its Switzerland, Singapore and Hong Kong-based centers, with the latter taking charge of a new project ...
Alongside CBDC Plans, BIS Reveals Tokenized Green Retail Bond Pilot

Bitcoin Protection, New Surveys, Mnuchin's Idea On Ice + 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 Not only has bitcoin (BTC) proved lousy at offsetting short-term drawdowns in big sell-offs, its very popularity among retail investors is increasing the token’s link with cyclical assets, according to JPMorgan Chase & Co. cross-asset strategists, as reported by Bloomberg. However, crypto investing might be best seen as way to pr...
Bitcoin Protection, New Surveys, Mnuchin's Idea On Ice + More News

Bitcoin Less Risky Than Tesla, Ethereum at USD 10,500 + 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 While the most popular cryptocurrency, bitcoin (BTC), is considered to be almost in the "extreme bubble" territory, more surveyed market professionals are in favor of BTC than electric car manufacturer Tesla when forecasting how both assets might perform over the next 12 months. 56% of 627 respondents surveyed by Deutsche Bank last ...
Bitcoin Less Risky Than Tesla, Ethereum at USD 10,500 + More News

Ethereum In ATH Territory Against USD, But Far from ATH Against Bitcoin

Even though Ethereum (ETH) has entered its all-time high (ATH) against the US dollar territory today, it's still many satoshis away from its ATH against bitcoin (BTC). (Updated at 12:09 PM UTC with the latest price data.) Three years after reaching a major peak, ethereum may be surpassing it soon. It reached its previous all-time high on January 13, 2018, with the price of USD 1,432 per coin, according to Coinpaprika. As reported, Coingecko put the figure at USD 1,448.18 on its ETH page. Mes...
Ethereum In ATH Territory Against USD, But Far from ATH Against Bitcoin

Bitcoin Block 666,666 Fights Evil With a Bible Verse

The double 'number of the beast' Bitcoin (BTC) block has been mined, carrying a Bible verse as a message. Late last night, UTC time, the block number 666,666 was mined, and it included an aptly placed message by the sender, reading: "Do not be overcome by evil, but overcome evil with good." This is a Bible Verse, from the Epistle to the Romans, 12:21. The message was embedded in the particular code, called OP_RETURN script, which allows using up to 80 bytes of data for a message. Given...
Bitcoin Block 666,666 Fights Evil With a Bible Verse

New SEC Chair, Confiscated Bitcoin Miners, Trader vs. Banks + 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 Former Commodity Futures Trading Commission Chairman Gary Gensler, who is considered to be pro-crypto and blockchain-savvy, has been officially named chair of the US Securities and Exchange Commission (SEC) by President-elect Joe Biden. Currently, Gensler is a Professor of the Practice of Global Economics and Management, MIT Sloan...
New SEC Chair, Confiscated Bitcoin Miners, Trader vs. Banks + More News

Watch Grayscale Bitcoin Inflows for the USD 40K Breakout Signs - JPMorgan

As bitcoin (BTC) is now seemingly stuck in a range, it could both fall further or push through the USD 40,000 level again - with Grayscale Bitcoin Trust (GBTC) possibly being a determining factor. After hitting a new all-time high of USD 42,000 in early January, last week, bitcoin dropped to almost USD 30,000 before moving back to USD 40,000 and then correcting lower again, - and there could be further losses, fuelled by the "trend-following investors" leaving the space, per the strategists at J...
Watch Grayscale Bitcoin Inflows for the USD 40K Breakout Signs - JPMorgan

IRS Updates Instructions To Tax Individual Crypto Investors

The US Internal Revenue Service (IRS) has released a new version of its draft instructions that clarify the definition of virtual currency. The tax agency aims to guide individual taxpayers on how to fill in the 1040 form that asks them whether they bought or sold cryptoassets last year, but it still adopts a broad approach as to what constitutes these assets. According to the IRS, a transaction involving virtual currency could include, among others: Receiving or transferring virtual currency f...
IRS Updates Instructions To Tax Individual Crypto Investors

Bitcoin Snowball Is Expected To Hit More Institutions in 2021

Institutionalization, professionalization, commercialization, and inclusion of bitcoin (BTC) in portfolios of hedge funds, treasuries and others is likely to continue its upwards trajectory, providing BTC with endorsement, recognition, and validation, further leading to adoption and price appreciation, according to industry insiders talking to Cryptonews.com. The institutionalization of cryptocurrency was the emerging theme of 2020, said Seamus Donoghue, VP Sales and Business Development at MET...
Bitcoin Snowball Is Expected To Hit More Institutions in 2021

Grayscale Replaces XRP With Bitcoin, Ether, LTC, and BCH + 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 Grayscale Digital Large Cap Fund said it has removed XRP and used cash proceeds to purchase the remaining fund components: bitcoin (BTC), ethereum (ETH), litecoin (LTC), and bitcoin cash (BCH). Prior to the sale of XRP on January 4, 2021, XRP was approximately 1.46% of the fund. As of January 04, the fund had USD 282.6m in assets u...
Grayscale Replaces XRP With Bitcoin, Ether, LTC, and BCH + More news

Two Reasons Why Bitcoin Differs From Google, Amazon, & Facebook Networks

One of Bitcoin (BTC)’s most outspoken and highest-profile cheerleaders, Stone Ridge Asset Management founder Ross L. Stevens, has written to shareholders in his company to talk up the most popular cryptocurrency – and its role in the company’s future, drawing parallels to investors backing companies like Amazon, Google and Facebook in the firms’ early days. Stevens claimed that “from a valuation framework perspective,” he believed Bitcoin “should be viewed identically to those network business m...
Two Reasons Why Bitcoin Differs From Google, Amazon, & Facebook Networks

Major ShapeShift, Crypto Boom at Revolut, Interest In Ethereum Peaks + 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 ShapeShift said it has integrated decentralized exchange protocols and is sunsetting its 6+ year business of trading with customers. ShapeShift’s users no longer need to provide personally-identifying information to them. Also, the platform said it will not transact with customers as they will be trading directly with decentralize...
Major ShapeShift, Crypto Boom at Revolut, Interest In Ethereum Peaks + More News

Bitcoin Overtakes Ethereum, BNB Valuation, BitMEX Completes Verification + 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. Adoptions news Bitcoin (BTC) has outperformed Ethereum (ETH) in terms of the daily transferred value, reaching USD 14.58bn per day, compared to Ethereum's USD 13.96 per day, according to the data provided by Money Movers. BTC re-took the lead in the second half of December 2020, after Ethereum had surpassed it in early September last year. A...
Bitcoin Overtakes Ethereum, BNB Valuation, BitMEX Completes Verification + More news

US Dollar Crashes To USD 40,000 per Bitcoin

It took 17 days for the most popular cryptocurrency, bitcoin (BTC), to jump from USD 20,000 to USD 30,000, and less than a week to hit USD 40,000. At the time of writing (18:16 UTC) it reached this level on multiple exchanges, such as Binance, Bitstamp, and HitBTC. After reaching this milestone today, the market capitalization of BTC stands above USD 740bn. This network is now more valuable than the popular electric car maker Tesla, controlled by the world's richest person, Elon Musk, who in...
US Dollar Crashes To USD 40,000 per Bitcoin

Bitcoin Mining Difficulty Set to Hit a New Peak, as Price & Hashrate Hit Theirs

At the time bitcoin (BTC) price is breaking all-time highs, the mining difficulty is set to break its record tomorrow, while the hashrate has already surpassed its own. Both buying and mining BTC has been getting tougher. Per the BTC.com, a major mining pool, estimates, mining may become the most difficult it's ever been in just a day from now. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to climb to 20.58 T, whereas the previous peak...
Bitcoin Mining Difficulty Set to Hit a New Peak, as Price & Hashrate Hit Theirs

Bitcoin Mining in 2021: Growth, Consolidation, Renewables, and Regulation

Bitcoin (BTC) mining has had a couple of less profitable years. After the highs of late 2017 and early 2018, profitability declined by March 2020 to as little as USD 0.0693 per day for every 1 THash of mining power (having been USD 3.139 in January 2018). However, with the bull market of late 2020, the price of bitcoin has risen strongly, and with it mining profitability has steadily crept up to USD 0.222, representing a rise of 200% since May’s Bitcoin halving. Given that analysts claim bitcoin...
Bitcoin Mining in 2021: Growth, Consolidation, Renewables, and Regulation

Not Only Bitcoin Price Is Changing During This Bull Run

As the most popular cryptocurrency, bitcoin (BTC), keeps scoring its new all-time highs, industry observers see important changes on the BTC adoption front too. According to Anthony Lauriola, Chief Operating Officer at blockchain portfolio company Dan Holdings, in 2020, we saw “a significant shift in the way people view cryptocurrency,” as people are starting to see it more as a method of payment and not just a store of value - a trend Lauriola said will continue into 2021. “As we see more glob...
Not Only Bitcoin Price Is Changing During This Bull Run

Is Bitcoin’s Bull Run Over?

Juan Villaverde is an econometrician and mathematician devoted to the analysis of cryptocurrencies since 2012. He leads the Weiss Ratings team of analysts and computer programmers who created Weiss cryptocurrency ratings. Dr. Bruce Ng is an educator in the field of Distributed Ledger Technology (DLT) and has been a lead crypto-tech analyst for Weiss Cryptocurrency Ratings since shortly after their launch. _ Bitcoin (BTC) price dropped significantly this week leading up to the open of old-school ...
Is Bitcoin’s Bull Run Over?
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