Mining Blog & Mining News

Blog • 15 June 2021, Tuesday, 06:00

MicroStrategy Has No Limits For Bitcoin Purchases, Discusses Sale Scenarios

One of the most bullish bitcoin (BTC) investors, US-based software company MicroStrategy, said it has no specific target for their BTC holdings as they plan to sell USD 1bn worth of their shares and use part of the proceeds to buy more bitcoin. "We will continue to monitor market conditions in determining whether to conduct debt or equity financings to purchase additional bitcoin," the company said in a prospectus, filed with the US Securities and Exchange Commission. The company said it may s...

Blog • 14 June 2021, Monday, 20:00

Crypto Listing and Delisting Announcements: Week 24

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. __ Bibox Listings: Amp (AMP) DogeSwap (DOG) Kianite Finance (KIAN) Pippi Finance (PIPI) Bilaxy Listings: FXCoToken (FXCO) Mozik Token (MOZ) DAO1 (DAO1) Nimbus (NBU) 1Tronic Network (1TRC) EgorasUSD (eUSD) WhiteWoolf Network (SAMMY) Cryption Net...

Blog • 14 June 2021, Monday, 16:00

MicroStrategy Gets Another USD 500M To Spend on Bitcoin + 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 MicroStrategy confirmed that it has raised USD 500m in order to buy more bitcoin (BTC). They would spend USD 488m of this sum on BTC. The company said that it now owns approximately BTC 92,079 (USD 3.75bn) that are being held by a newly formed subsidiary, MacroStrategy LLC. 81% of surveyed investors (3,671 in total) are more bu...

Blog • 14 June 2021, Monday, 12:00

UK Farmers Use Cow Dung to Power Ethereum Mining, Boost Revenues

With the debate on crypto mining’s energy use increasingly involving renewable sources, a rising number of UK farmers are reaching for a surprising reservoir of power - cow waste, aka dung - using this traditional, multipurpose resource to generate electricity for carbon-neutral crypto mining operations, therefore to diversify and up their revenues. Currently, a share of the country’s farmers produce electricity from manure and sell it to the National Grid, the company that operates the high-vol...

Blog • 14 June 2021, Monday, 10:00

No Crypto in G7 Wrap-up, but Traders, Miners Will Still Want to Take Note

The G7 summit in Cornwall has concluded without tackling issues directly related to cryptoassets or central bank digital currencies (CBDCs) – although the crypto community will be looking closely into what agreements on “tax cooperation” and climate pledges could mean for traders and miners alike. The summit – the first in-person meeting of world leaders since the start of the coronavirus pandemic – wrapped up over the weekend in St. Ives, and saw leaders from all seven G7 take part, alongside t...

Blog • 14 June 2021, Monday, 06:00

Bitcoin Eyes USD 40K Amid Musk Statement, Taproot Confirmation

The most popular cryptocurrency, bitcoin (BTC), almost touched USD 40,000 today as Tesla's Elon Musk send a positive message, while activation of an important Bitcoin upgrade was confirmed. Monday morning (UTC time), BTC surpassed USD 39,800 before correcting lower. At 03:31 UTC, it trades at USD 38,952 and is up by 11% in a day and almost 9% in a week, trimming its monthly losses to less than 22%. BTC is the best performing major cryptoasset today, as other tokens from the top 10 list are...

Blog • 13 June 2021, Sunday, 14:00

The hypocrisy of G7: Criticise Bitcoin Mining but Protect Fossil Fuel Industry

George Ferns, Lecturer in Management, Employment and Organisation, Cardiff University, Marcus Gomes, Lecturer in Organisation Studies and Sustainability, Cardiff University. __ The climate crisis is certain to be a hot topic at the G7 summit in Cornwall. While the leaders of the world’s richest countries agree in theory on the need to reach net zero emissions by 2050 at the latest, they remain faithful to a fossil fuel industry reluctant to substantively change its business model. A recent repor...

Blog • 13 June 2021, Sunday, 12:00

DeFi Has Had a Strong 2021, Driven By New Trends & Paradigms

The decentralized finance (DeFi) sector had a massive 2020, and while non-fungible tokens (NFTs) and the crypto bull market may have overshadowed it so far in 2021, its performance this year has been at least as strong. Total value locked (TVL) into Ethereum (ETH)-based DeFi platforms hit a peak of USD 86bn on May 12 (per DeFi Pulse data), while TVL for DeFi services on Binance Smart Chain (BSC) rose to USD 53bn two days earlier, highlighting the wild growth the sector experienced during the fi...

Blog • 12 June 2021, Saturday, 14:00

El Bitcoin, Supportive Lawmakers, FUDy Seizures and 20 Crypto Jokes

What a week! The El Salvador President unveiled plans to give bitcoin the status of legal tender, and quickly the news shook the Cryptoverse that that will indeed officially happen in just 90 days, with lawmakers across Latin America expressing their support for bitcoin adoption, including the Ecuadorian Vice Minister of Economic Inclusion - with all this raising some existential BTC questions. Meanwhile, the Cryptoverse went fighting some major FUD after millions is BTC was seized, and after a ...

Blog • 12 June 2021, Saturday, 12:00

Ethereum Miners Can Transition to These Coins and Boost Their Values

By now, every Ethereum (ETH) fan knows that this blockchain is in the process of switching from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. What’s less widely known, even among those in the Ethereum community, is what will happen to the miners that help secure this network. Having invested plenty of capital in developing mining rigs and facilities, it seems unlikely that the end of Ethereum mining will result in such miners leaving the industry altogether. In fact, anal...

Blog • 11 June 2021, Friday, 20:00

Full List of Ethereum London Upgrade Changes

The Ethereum (ETH) London network upgrade is fast approaching, and the core developers have released the final list of the Ethereum Improvement Proposals (EIPs) it's comprised of - and one of them you'll certainly recognize. The London upgrade follows April's Berlin upgrade, and is set for July. EIP-1559 This time around five EIPs will be included, and the first to be discussed is the much-talked-about, somewhat-criticized, and highly-anticipated EIP-1559. Per the Ethereum Foundation...

Blog • 11 June 2021, Friday, 18:00

JPMorgan on El Salvador's Bitcoin Move, Miners Win In New York + 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 The question remains whether the designation of bitcoin (BTC) as legal tender by El Salvador has mechanical implications for its treatment in larger economies under tax law, banking and financial regulations, and other areas, analysts at JPMorgan said in a note. According to them, any such change in treatment would arguably be an ...

Blog • 11 June 2021, Friday, 16:00

Bitcoin Taproot Activation Set to Lock In This Weekend

Bitcoin (BTC)’s major Taproot upgrade might lock in in less than 24 hours as more than the required minimum of miners are signaling support for the soft fork, indicates taproot.watch. According to the website, at 14:24 UTC, the current signalling ratio is 98.38%. A minimum of 90% of all miners signaling support for Taproot is needed to lock in the soft fork activation, and there are 290 blocks that are yet to be mined until the next mining difficulty adjustment. Out of these 290 blocks, 117 of ...

Blog • 11 June 2021, Friday, 12:00

Stakes Get Higher As El Salvador Offered Volcanic BTC Leverage In Talks With IMF

There's another unusual idea developing in the Cryptoverse which may bring another seismic shift (pun intended) - and it involves geothermal energy, Bitcoin (BTC) mining, paying of the debt to the International Monetary Fund (IMF), and raising an additional USD 1bn in some innovative ways. El Salvador’s President Nayib Bukele has already marked a historic moment in Bitcoin's evolution when the country declared the cryptocurrency legal tender. Then he followed that up with plans for El S...

Blog • 11 June 2021, Friday, 10:00

COVID ‘Hotspot’ Claims after Some Miami Bitcoin Conference Attendees Fall Ill

The recent Miami Bitcoin 2021 conference has been making the headlines for all the wrong reasons – after a number of attendees tested positive for COVID-19, with some reporting they had been hospitalized with symptoms. Among those taken ill after the event last weekend were Eric Wall, of Arcane Research, who tweeted that he had been to a hospital for a scan on his lungs after suspected coronavirus-related blood clots. (No clots were found and he was sent home.) Bloomberg claimed individuals atte...

Blog • 10 June 2021, Thursday, 22:00

Latin America, Caribbean Could Use Thousands Volcanoes To Mine Bitcoin

A number of countries are considering using volcanoes to generate electricity, potentially providing cheaper and greener energy to local Bitcoin (BTC) mining operations while China is cracking down on this industry. In Latin America and the Caribbean alone, some 3,000 volcanoes could be used for this purpose. Yesterday, El Salvador’s President Nayib Bukele unveiled plans by his country to use geothermal energy from volcanoes to mine BTC, saying that a state-owned company could provide mining fac...

Blog • 10 June 2021, Thursday, 18:00

US Inflation Accelerates, State Street Launches Crypto Division + 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. Economics news The US economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices rising in May by 5% from a year ago, the Wall Street Journal reported. The core-price index, which excludes the often-volatile categories of food and energy, jumped 3.8% in May from the year before—the larg...

Blog • 10 June 2021, Thursday, 14:00

TimeCoin(TMCN) NFT and DeFi, VTuber & Game Player Matching Service

Disclaimer: The text below is a press release that was not written by Cryptonews.com. TimeCoinProtocol is the decentralized sharing economy protocol which aims to optimize world resource usage. Various applications can be built and run on theTimeCoinProtocol including third party applications. The project puts a strong focus on the Gig Economy and Creator Economy. The project has issued an original crypto currency called TimeCoin(TMCN) which is under negotiation to be listed on major exchanges l...

Blog • 10 June 2021, Thursday, 12:00

'Knives Coming Out' As Cryptoverse Responds To BTC FUD By US Senator

Popular US Democratic Senator Elizabeth Warren made some crypto-related statements that the Cryptoverse found incorrect, to say the least - including Bitcoin (BTC) environmental concerns, investment and utility, use for an illicit purpose, need for strict regulation, among others. "The fight of the US against Bitcoin has begun," said venture capitalist Marc van der Chijs in response to Warren's many claims on crypto. "Facts don’t matter for Senator Warren, it’s all one big FUD. But I believ...

Blog • 10 June 2021, Thursday, 02:00

Employee Found Mining Ethereum Beneath Seoul’s Premier Opera House

An employee at South Korea’s most prestigious arts center and opera house – the Seoul Arts Center, in the affluent south-central part of the capital – has been found secretly mining Ethereum (ETH) in a basement room, using the center’s electricity. Per Hangook Ilbo and YTN, the unnamed member of the center’s staff, presumably a civil servant, was suspended for two months. Employees conducting a routine inspection of a little-used basement room underneath the center’s Calligraphic Art Museum came...

Blog • 09 June 2021, Wednesday, 10:00

El Salvador Passes Bitcoin Bill: Countdown to Legal Tender Status Begins

Bitcoin (BTC) will officially become legal tender in El Salvador in just 90 days time after the country’s President Nayib Bukele secured what he called a “supermajority” of 62 out of 84 votes in favor of a special bill in the Salvadorian Congress. (Updated at 09:14 UTC: updates throughout the entire text.) Con 62 votos, el pleno legislativo aprueba la #LeyBitcoin con la que El Salvador adopta el #Bitcoin como moneda de… https://t.co/7CdVvyHl3W— Asamblea Legislativa (@AsambleaSV) Bukele appears k...

Blog • 08 June 2021, Tuesday, 22:00

Rainy Season Will Test Just How Watertight China’s Bitcoin Mining Ban Is

Some Chinese provinces appear to be cagey about whether they will ban crypto miners from operating during the country’s rainy season – a time of the year when rivers swell and hydropower stations typically produce high quantities of surplus electricity. Per reports from the 21st Century Business Herald and STCN, Sichuan, one of China’s biggest traditional Bitcoin (BTC) mining hotspots, is “in no rush” to boot miners out before the start of the rainy season. Instead, it could allow BTC miners to ...

Blog • 07 June 2021, Monday, 18:00

Ruffer Cashes Out, Bitfinex & Hodl Hodl, Trump on Bitcoin + 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 UK-based Ruffer Investment Company made more than USD 1.1bn from investing in bitcoin (BTC) in November last year, The Times reported. The company said they sold BTC this past April because “younger people wouldn’t be spending so much time trading now that the lockdowns are ending.”Solana (SOL) is reportedly raising USD 300m - ...

Blog • 07 June 2021, Monday, 14:00

MicroStrategy Offers USD 400M Bitcoin Market Test

One of the most bullish non-crypto companies, US-based software developer MicroStrategy is putting the markets to the test - they're planning to raise more money in order to purchase more bitcoin (BTC). MicroStrategy has announced today a proposed private offering of USD 400m of senior secured notes sue 2028 to qualified institutional buyers and to persons outside of the United States. "MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins....

Blog • 07 June 2021, Monday, 10:00

El Salvador, Paraguay Bitcoin Adoption News Galvanizes Crypto World

Crypto’s center of gravity could take a dramatic shift – after a series of developments spearheaded by politicians in Latin America suggested that the region could be ready to open up to crypto-powered finance. The ball began to roll when the president of El Salvador, Nayib Bukele, unveiled plans to give bitcoin (BTC) the status of legal tender. Per the local media outlet ElSalvador.com, Bukele is set to ask parliament to approve his plans, which he has formed with the wallet provider and BTC pa...

Blog • 05 June 2021, Saturday, 12:00

'Fiat-Like' Proof-of-Stake Chains Favor Centralization & Rich Players

In crypto, consensus often results in controversy. Sure, consensus mechanisms themselves obviously result in agreement concerning transactions, yet when it comes to picking the ideal mechanism for a particular chain or cryptoasset, the crypto community as a whole is very often in disagreement. One of the most debated mechanisms now is proof-of-stake (PoS). While its supporters argue that it avoids the eye-watering energy consumption associated with proof-of-work (PoW) networks such as Bitcoin (B...

Blog • 04 June 2021, Friday, 18:00

9 Tweets By Elon Musk and 9 Bitcoin Reactions

Another day in crypto, Tesla's chief Elon Musk made another tweet, and bitcoin (BTC) price dropped. However, in the past few months, in the majority of cases, Musk's tweets didn't move BTC. As reported earlier today, Musk posted yet another ambiguous tweet, writing just "#Bitcoin" and a broken heart emoji, accompanied by a meme with a reference to Linkin Park's popular song 'In the End'. He followed up that one with a meme of a trader crying over a price correction. At 1...

Blog • 04 June 2021, Friday, 16:00

FTX Scores USD 210M Deal In E-Sports, Olympic NFTs + 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 TSM, one the most valuable e-sports company in the United States, is changing its name to TSM FTX — and getting paid USD 210m over 10 years in the process, The New York Times reported, adding that popular crypto derivatives exchange FTX, led by Sam Bankman-Fried, will foot the bill. The annual USD 21m payment is larger than many...

Blog • 03 June 2021, Thursday, 18:00

Blockchain Career at JPMorgan, Miami Mayor's Crypto Investments + 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. Career news US-based investment banking giant JPMorgan Chace & Co. now has over 70 open blockchain-related job positions in the US, Europe, and Asia. They include product managers, developers, engineers, researchers, payments-related positions, and more. Investments news Cryptology Asset Group, a European investment company for blockchain- a...

Blog • 03 June 2021, Thursday, 12:00

Norton 360 Antivirus Set to Launch Ethereum-Mining Platform & Wallet

Mining Ethereum (ETH) is said to be getting safer in the coming weeks as NortonLifeLock, the cybersecurity company behind popular antivirus software Norton 360, announced a new feature which will enable the platform users to mine ether. A new product titled Norton Crypto promises to deliver a new way for everyone to mine Ethereum. It will come together will Norton Crypto Wallet that will be stored in the cloud as a protection against hard drive failure, the company said. Norton Crypto product i...

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