Mining Blog & Mining News

Blog • 03 August 2020, Monday, 13:00

New USD 110m for Crypto Startups, Crypto.com Swap Fuels MCO + 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. Investments news Early-stage venture firm Electric Capital said it raised USD 110m for Seed and Series A fund, focused on cryptonetworks and blockchain enabled startups. The firm partnered with undisclosed "world-renowned university endowments and philanthropic foundations" for their second fund. It will invest from USD 250,000 to USD 10m in toke...

Blog • 03 August 2020, Monday, 11:00

Brace For More Bitcoin Flash Crashes In This Bull Market - Hut 8 Founder

Brace yourselves as more bitcoin (BTC) flash crashes are coming in this new bull market, a crypto investor and entrepreneur warned. “Too much leverage” on crypto derivatives exchanges combined with low liquidity levels and “inexperienced traders” crashed the market this past Sunday, according to him. “The Bitcoin price always comes back fairly quickly, so if you see it happen it's actually a chance to make quick money. ... We will see this kind of crashes more often now that a new bull marke...

Blog • 03 August 2020, Monday, 07:00

Coinbase Blames Performance Issues on Ethereum Fee Spike

After the massive ethereum (ETH) rally and subsequent dump on Sunday that forced Coinbase to once again suffer from “degraded performance,” the exchange now said that it was “a spike in transaction fees” on the Ethereum network that caused delays for users attempting to move funds. Today, the major US-based exchange said it constantly monitors fees required to process transactions on the various blockchain networks in order to help customers make withdrawals using the appropriate fee level. And ...

Blog • 01 August 2020, Saturday, 08:00

10Ks, 11Ks, Launching, Soaring and 20 Crypto Jokes

This week, the Cryptoverse saw BTC finally going over USD 10,000, and hitting USD 11,000 along the way, while BTC mining difficulty dropped. Also, XRP soared, LEND jumped, Solana rallied as FTX used its blockchain a basis for a new ecosystem project, Maker became the first DeFi protocol to reach USD 1 billion in total value locked, and there was talk again of litecoin leading bitcoin. Ethereum started training ETH 2.0 validators, and Augur launched its second iteration. And then we learned Ledge...

Blog • 31 July 2020, Friday, 20:00

Tencent to Co-launch Blockchain-powered Wine Traceability Platform

Chinese tech giant Tencent has unveiled a wine traceability platform using blockchain technology – in conjunction with the nation’s biggest and oldest wine producer. Per the China News Network, Tencent’s deal with China's biggest winery, Changyu, will be a nationwide first for the country’s domestic wine industry. Changyu said that it has applied the Tencent-powered blockchain technology to every step of its wine-making and sales processes, including planting, brewing, distribution, and mana...

Blog • 30 July 2020, Thursday, 12:00

DAI Rewards, Bitcoin Futures Record, Blockchain Park + 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 Coinbase has launched a rewards program for customers holding Maker's DAI stablecoin. To be eligible, users with a verified identity on the exchange, who reside in one of the six countries that can receive DAI rewards, must hold at least USD 1 of the stablecoin in their account. Per the website, Dai Rewards are currently availa...

Blog • 30 July 2020, Thursday, 06:00

LEND Jumps 16% on Aave Decentralization and Token Migration News

LEND, the native token of Aave, the fourth biggest DeFi (decentralized finance) platform by total value locked (TVL), has rallied in the last 24 hours, following the news of the platforms decentralization milestone via a governance token and LEND's migration. At pixel time (7:52 UTC), the 32nd coin by market capitalization, trades at USD 3 and is up by 16% in a day, as well as 6% in a week. The price is up by 160% in a month. LEND price chart This latest jump follows the announcement by th...

Blog • 30 July 2020, Thursday, 00:00

Guizhou, China, Launches Blockchain-powered Int’l Trading Platform

Another Chinese province reported that it is about to launch a blockchain-powered cross-border financial service platform. Per Haiwainet, Guizhou Province, in China’s mountainous southwest, will launch the initiative this month. The province’s foreign exchange administrator is the platform’s mastermind. The administrator stated that it has been working on the project with the Guizhou branches of state-owned banking giants, including policy bank the Export-Import Bank of China. The province said ...

Blog • 29 July 2020, Wednesday, 14:00

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...

Blog • 29 July 2020, Wednesday, 10:00

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...

Blog • 28 July 2020, Tuesday, 07:00

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...

Blog • 27 July 2020, Monday, 09:00

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...

Blog • 27 July 2020, Monday, 07:00

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...

Blog • 24 July 2020, Friday, 19:00

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...

Blog • 24 July 2020, Friday, 00:00

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...

Blog • 22 July 2020, Wednesday, 16:00

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...

Blog • 22 July 2020, Wednesday, 08:00

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...

Blog • 21 July 2020, Tuesday, 10:00

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...

Blog • 21 July 2020, Tuesday, 08:00

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...

Blog • 21 July 2020, Tuesday, 06:00

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 ...

Blog • 20 July 2020, Monday, 14:00

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...

Blog • 20 July 2020, Monday, 12:00

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...

Blog • 19 July 2020, Sunday, 08:00

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...

Blog • 17 July 2020, Friday, 19:00

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...

Blog • 17 July 2020, Friday, 15:00

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...

Blog • 17 July 2020, Friday, 13:00

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...

Blog • 16 July 2020, Thursday, 16:00

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...

Blog • 16 July 2020, Thursday, 12:00

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...

Blog • 16 July 2020, Thursday, 10:00

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...

Blog • 15 July 2020, Wednesday, 20:00

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...

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