Mining Blog & Mining News

Mining Blog & Mining News

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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 New Jersey regulators are giving crypto lender BlockFi an extra week before its ban on the creation of new interest-bearing accounts will take effect, Zac Prince, the BlockFi founder and CEO, confirmed. The state’s Bureau of Securities claims that these accounts are unregistered securities, but the company maintains that they ar...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _ Politics news "An unprecedented group" of allies and partners – including the European Union, the United Kingdom, and NATO – are joining the United States in exposing and criticizing the People’s Republic of China (PRC)’s malicious cyber activities, the US White House said today. "As detailed in public charging documents unsealed in October 201...
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The cryptoasset market remains in something of a funk. Having been knocked off course by Tesla’s announcement that it would no longer accept bitcoin (BTC) as payment for its cars, it has been dragged further down by a steady stream of governmental and regulatory pushback. From China’s crackdown on mining to regulatory warnings against Binance, a number of governmental actions have served to keep crypto moving sideways, or backwards. However, while industry observers mostly agree that such action...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. Internet City, Dubai — As an innovative global trading platform for various crypto assets, founded in 2015. LBank officially launched the Global Ambassadors Recruitment at the end of June in 2021. LBank provides its users with safe crypto trading, specialized financial derivatives and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 5.6...
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Bitcoin (BTC) mining difficulty is set for another notable drop this weekend - this one dragging it down to the June 2020 level. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to drop around 6% in less than two days, as mining pool BTC.com estimates at 14:27 UTC. This would be the fourth-highest drop this year, out of six in total, and it would follow the historic drop of nearly 28%. Furthermore, this change would take the difficulty level...
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A constitutional lawyer has questioned the legality of El Salvador President Nayib Bukele’s bid to make bitcoin (BTC) legal tender alongside the United States dollar. Per ElSalavador.com, the website of the El Diario de Hoy newspaper, the constitutional lawyer Enrique Anaya has claimed that the Bukele law is unconstitutional in its nature – and that the government is hiding behind coronavirus pandemic-mitigating measures in a bid to avoid controversy over the act. The act is set to promulgate in...
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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. 3 Reasons Why Analysts are Bullish on Ethereum Prices After a spectacular rally between May 2020 and April 2021, the cryptocurrency market has come to a screeching halt. Several digital coins including Bitcoin and Ether have lost over 50% in market value in the last three months. While the volatility has not surprised crypto enthusiasts, relatively new ...
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By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder. Though there are some more pessimistic outlooks, such as BTC dropping to USD 100. Authors Madeleine Gracie and Tim Falk said that they asked a "panel of 42 cryptocurrency experts what’s in store for the coin." It includes Coinmama CEO Sagi Baksh...
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It seems that the Great Miner Migration began even before the latest exodus from China. That country’s share of global Bitcoin (BTC) hashrate started declining before the latest government crackdown, while that in other countries has seen an increase, found the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School. China's 'war' against Bitcoin miners (re)started in June 2021. It has led a number of major miners to close shop and decide whether to pack and move to mo...
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Twitter-based crypto fans say they are underwhelmed by the details of a crypto-themed private member’s bill unveiled yesterday by the Paraguayan MP Carlos Rejala. Rejala had first started tweeting about the draft legislation in the wake of the launch of a Salvadorian bill that will in a few weeks’ time, make bitcoin (BTC) legal tender. The MP, of the minority Hagamos Party, had added red “laser” eyes to his profile picture and had promised a “surprise,” using the #bitcoin hashtag at every possib...
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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 Oklo, a California-based company developing clean energy plants, announced a 20-year commercial partnership with Compass Mining, a US-based online marketplace for Bitcoin (BTC) mining hardware and hosting, to introduce advanced nuclear fission to supplement fossil fuels and "promote diversity and sustainability in the energy source...
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Details of a Paraguayan private member’s bill that its author promised would bring bitcoin (BTC) and crypto into the national economy have allegedly been leaked to the media hours before they were due to be unveiled. The alleged bill is the brainchild of the Panamanian MP Carlos “Carlitos” Rejala of the minority opposition Hagamos Party, who is yet to comment on the leak. Rejala first announced that he would be developing the law after the President of El Salvador Nayib Bukele unveiled details o...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Economics news US consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum, Reuters reported. The consumer price index increased 0.9% last month, the largest gain since June 2008, afte...
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In the midst of major and ongoing ESG (environmental, social, and governance) debate, an ESG-conscious US-based investment giant, Capital Group, is increasing its indirect exposure to bitcoin (BTC). This time, via a more than half a billion dollars investment into software developer and major BTC bull MicroStrategy, while several more crypto-related companies are already on its investment list. A division of major US asset management firm Capital Group, Capital International Investors (CII), ha...
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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: GoMining Token (GMT) Anonymous Network (AYS) Starbase (STAR) Cellframe (CELL) BigONE Listings: BarnBridge (BOND) Enzyme (MLN) Baby Doge Coin (BABYDOGE) Bilaxy Listings: PopRater (PPRT) PolkaDoge (PDOGE) HummingBird ...
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A "personal project" by a developer might bring even more controversy into the so-called Miner Extractable Value (MEV) practice on the Ethereum (ETH) blockchain, possibly tempting some miners to extract all the value they can from Ethereum before it moves to a proof-of-stake consensus mechanism (PoS), as this move is forcing them to look for new revenue streams. The project, initiated by Edgar Aronov, CEO of hackathon platform Eventornado, would allow miners to programmatically reorganize chains...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __ Investments news Last week was the quietest trading week since October 2020 as digital asset investment products saw minor outflows, totaling USD 4m, and led by bitcoin (BTC), per CoinShares data. "While the inflows remain relatively small in comparison to bitcoin and ethereum (ETH), the data does imply that investors are increasingly looking ...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. We would like to make an announcement about the delay of Global Chia Hackathon, held by Sirius Labs and Chia Network. A new date will be an-nounced later (The Hackathon was originally planned to start on July 18.) This is a request from Chia Network Inc, in order to have more time to prepare properly their training materials for Chialisp Training Camp. Gene Hoffman, COO of Chia Network:“The Chia team has just e...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to launch the Hummingbot Rebate Campaign to reward users for trading on AscendEX using the Hummingbot Liquidity Mining Portal. The campaign will begin July 9, 2021 and run for 60 days. During the campaign, new and existing Hummingbot users on AscendEX will be able to take advantage of a favorable VIP fee structur...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. With crypto flying high this year, it’s no surprise that there are so many new decentralized yield farms. After all, crypto can now supersede traditional bank services easily, providing users with greater autonomy. However, lots of these platforms are prone to inflation, making the crypto domain too risky for new users. That’s why we are so excited to talk about CaramelSwap, which solves this issue once and for...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _ Exchange news Heavily-backed, yet-to-be-launched crypto exchange Bullish said it intends to go public through a merger with the special purpose acquisition company Far Peak Acquisition Corporation. Also, in the coming weeks, Bullish exchange aims to run a private pilot program leading up to its public launch anticipated later in 2021. Meanwhile...
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With a rising number of central bank digital currency (CBDC) projects underway across the world, central banks have increasingly started criticizing decentralized cryptocurrencies, such as bitcoin (BTC). And now, these efforts might become more coordinated, as central banks are calling for more CBDC-related collaboration at the international level. A new report for the G20 states by the Bank of International Settlements (BIS), the International Monetary Fund (IMF), and the World Bank identified ...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. Shadi Abdou is the Chief Technology Analyst at Wisebitcoin, a British cryptocurrency exchange. He has over 15 years of experience working in the forex market as a trader, investor, and analyst. He has also spent a considerable amount of time nurturing talent in the industry by teaching trading strategies. He is a widely recognized authority on trade and investment, and he recently spoke with BananaTalk to discu...
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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Liquidity mining, also known as yield farming, has become one of the most popular uses for cryptocurrencies in 2021, with billions of dollars worth of crypto assets now locked up in farming platforms. But while the practice is still picking up considerable momentum, a lack of innovation among yield farms has somewhat stifled enthusiasm — with copycats,...
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In the midst of China's crackdown on its miners, and following a historic drop in mining difficulty, Bitcoin (BTC) miners are now seeing much higher profitability. Also, there's a noticeable rise in hashrate and a drop in block time. Bitcoin mining profitability (7-day moving average) jumped 31% in five days, between July 2 and July 7. This puts it back up to the mid-May levels, when the profitability had seen a massive 46% drop in 17 days. In mid-May, BTC was still trading at around USD 50,000...
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Mike Belshe, CEO and Co-Founder of digital asset financial services company BitGo, claims that a recent clampdown on crypto in China could be a good thing for Bitcoin (BTC) in the long-term. “Over the last ten years, there’s never been a shortage of reasons to think that this is the final deathblow to Bitcoin,” Belshe told Bloomberg TV. “We’ve been concerned about China for a long time. People have said: who’s mining this Bitcoin [and] … then we’ve said: oh no, it’s funded with coal power that’s...
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Similarly to other central banks, China’s central bank has taken another swipe at bitcoin (BTC), stablecoins and “private digital currencies” – claiming that they have inherent potential “risks that threaten financial security.” At a recent press conference, Fan Yifei, the Deputy Governor of the central People’s Bank of China (PBoC) since 2015, responded to a question about cryptoassets from a reporter. Per Sina Finance, Fan answered that cryptoassets have “become a speculative tool” that carry ...
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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. StormGain, the all-in-one crypto platform as they define themselves and currently awarded as the Best Cryptocurrency Broker by Ultimate Fintech Awards 2021 and available in more than 100 countrie...
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In its gradual process of transitioning to Ethereum 2.0 and a proof-of-stake (PoS) consensus mechanism, Ethereum (ETH) might get its London upgrade on or around August 4, at which point a number of changes will take effect, including the much-anticipated Ethereum Improvement Proposal (EIP) 1559 meant to revamp the networks monetary system. Ethereum core developers have proposed block 12,965,000 for the mainnet activation of the London network upgrade, which they estimated to happen on August 4 (...
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Against all odds, crypto fraud is reportedly on the rise in China, where a massive crackdown on mining, trading and crypto brokerage services appears to have failed to deter those hoping to get rich quick from crypto-themed schemes. Per the 21st Century Business Herald, a woman this month fell victim to a scam run by a bogus company pretending to operate a BNY Mellon app for digital assets including bitcoin (BTC). Police this month confirmed that the woman had been the victim of fraud, and had l...
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