Mining Blog & Mining News

Mining Blog & Mining News

Sichuan Energy Meeting Offers Glimmer of Hope for Bitcoin Miners

There appears to be a ray of positivity for Chinese Bitcoin (BTC) miners, after a meeting of energy stakeholders in the province of Sichuan appeared relatively sympathetic to the miners’ cause. Per a report from Jiemian-Cailian Press, Sichuan power chiefs held a “research seminar” on June 2 to help them “understand” the status quo for crypto miners operating in the province. The meeting was hosted by the provincial power regulator, as well as the regional branch of the State Grid Corporation of ...
Sichuan Energy Meeting Offers Glimmer of Hope for Bitcoin Miners

SuperFarm’s Multi-Purpose NFT Farming Feature Goes Live

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. In an exciting update for the NFT and digital asset enthusiasts at large, Superfarm, a cross-chain DeFi protocol offering easy, accessible, and innovative ways to create, farm, and sell NFTs, has announced the go-live of its NFT farming feature. With the launch of this feature, $SUPER holders and partner projects of the protocol can leverage their hold...
SuperFarm’s Multi-Purpose NFT Farming Feature Goes Live

Daymak Set to Put Bitcoin, Ethereum Mining Electric Cars on the Roads

Canadian light electric vehicle (LEV) manufacturer Daymak announced Spiritus - its upcoming electric car that will come with its own comprehensive crypto infrastructure. The model should support some crypto operations, including mining bitcoin (BTC), ethereum (ETH), cardano (ADA), and dogecoin (DOGE) during charging. and is set to debut in 2023, the company stated. Daymak Spiritus will come with Daymak Nebula, Daymak’s crypto suite that includes Nebula Miner and Nebula Wallet, which will turn i...
Daymak Set to Put Bitcoin, Ethereum Mining Electric Cars on the Roads

Beijing Readies USD 6.2m Digital Yuan Trial Amid Claims Main Rival Is Bitcoin

China’s digital yuan project appears to be entering the final stages of its pilot, with yet another giveaway planned – this time in the nation’s capital Beijing. Like previous giveaways in cities like Shenzhen and Chengdu, the tokens will be distributed in a lottery – with a fortunate few residents given “lucky” red digital envelopes containing access to their tokens. These will then be accessible via two banking apps, with a number of physical and online merchants able to process payments via t...
Beijing Readies USD 6.2m Digital Yuan Trial Amid Claims Main Rival Is Bitcoin

Miners on the Move: China’s Crypto Mining Losses May Be Kazakhstan’s Gain

Crypto miners fleeing China’s latest mining-focused crypto crackdown may turn to a nearby nation in a bid to continue doing business – with Kazakhstan increasingly looking set to provide a new home for those looking to set up shop outside Mainland China. Per Kaktus Media, the number of mining operations in the country is “increasing,” while mining “entrepreneurs are getting richer” – with the state happy to take a share of the profits. Last year, Kazakhstan’s Economy Ministry announced that the ...
Miners on the Move: China’s Crypto Mining Losses May Be Kazakhstan’s Gain

BNY Mellon's Crypto Plan In Ireland, Chinese Crypto Brokerages + 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 Banking giant BNY Mellon is reported to be creating a new Dublin-based unit that will offer digital assets to their clients as part of their Digital Innovation Hub. The company will act as the custodian for all sorts of assets, including cryptoassets, non-fungible tokens (NFTs), and central bank digital currencies (CBDCs).Nasda...
BNY Mellon's Crypto Plan In Ireland, Chinese Crypto Brokerages + More News

Coin Race: Top Winners/Losers of May; BTC, ETH in Red, Cardano Led Top 10

March was mega green, April was really green, and May was…well, let’s take a look. The month was certainly marked by the dramatic selloff, followed by the expected consolidation. Bitcoin (BTC) was trading between USD 31,000 and USD 40,000 in the second half of the month, while ethereum (ETH) bounced back over USD 2,000 after the brief dip below this level, and continued trading between some USD 2,200 and USD 2,600. After ETH had been outperforming BTC consistently over the month of April, it als...
Coin Race: Top Winners/Losers of May; BTC, ETH in Red, Cardano Led Top 10

China’s Mining Crackdown Continues – But Some Sense Hope

Beijing-backed anti-mining activities continue to gather pace in the Middle Kingdom, with major players apparently exiting the market and trading platforms such as BitMart moving to block Mainland Chinese IP addresses – but some miners in the nation have not given up on the industry, and even sense a new opportunity. Yesterday, IT Home reported, the crypto platform BitMart announced that “all [Mainland] Chinese mobile phone number, or related account registration information that indicates that ...
China’s Mining Crackdown Continues – But Some Sense Hope

Bitcoin's Speedy Trial, Global Corporate Tax, Ripple Wins A Battle + 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 The Bitcoin (BTC) Taproot upgrade might lock-in on the mainnet in less than two weeks, when the next BTC mining difficulty adjustment is estimated to happen, which would make the Speedy Trial activation method "an overwhelming success," according to Bitcoin educator and entrepreneur Andreas Antonopoulos. If it "goes well," he added...
Bitcoin's Speedy Trial, Global Corporate Tax, Ripple Wins A Battle + More News

Polygon, Enjin, Decred, Uniswap, and Horizen Led the Market Last Week

Despite the recent selloff, some cryptoassets did much better than others last week, as the market started showing some early signs of a potential recovery. The top five coins leading the market out of the slump were decentralized finance (DeFi) darlings polygon (MATIC), enjin coin (ENJ), decred (DCR), uniswap (UNI), as well as crypto platform Horizen's ZEN - all of which appreciated more than 50% over the last seven days. Polygon (previously - Matic Network) has led the way with a 72% incre...
Polygon, Enjin, Decred, Uniswap, and Horizen Led the Market Last Week

Taproot, CoinSwap, Mercury Wallet, and the State of Bitcoin Privacy in 2021

Privacy is a bit of a complicated topic in Bitcoin (BTC). While the mainstream media have often referred to the cryptoasset as a form of anonymous currency for the internet, the reality is that every Bitcoin transaction made on the base blockchain layer is completely public and stored on thousands of computers around the world. While there are no real-world identities that must be tied to the pseudonymous addresses used in the Bitcoin system, the reality is that blockchain analysis firms like C...
Taproot, CoinSwap, Mercury Wallet, and the State of Bitcoin Privacy in 2021

Ethereum Needs to Try Harder To Keep Its Dominance in a Multichain Future

Ethereum (ETH) is not the only smart contract platform in town. While it certainly has a first-mover advantage in its quest to become a decentralized universal computer, there are a growing number of other chains also offering the infrastructure for running decentralized apps (dapps), and some of these appear to be eating substantially into Ethereum’s share of the pie. The recent emergence of blockchains such as Binance Smart Chain (BSC), Solana (SOL), Cardano (ADA), Cosmos (ATOM), Polygon (MATI...
Ethereum Needs to Try Harder To Keep Its Dominance in a Multichain Future

More Dominance, Less Mining, Handful of Regulations and 20 Crypto Jokes

This week in crypto, it was reported that BTC could’ve been in for a fresh battering as analysts noted a 'seismic shift' in mining amid the Chinese 'crackdown', BTC’s dominance was up amid a selloff as funds were buying the dip and, while there was another debate over EIP-1559 this week, Vitalik Buterin said that, contrary to Elon Musk’s idea, there are limits to blockchain scalability. Then Saylor, Musk and some miners formed the Bitcoin Mining Council, which turned controversia...
More Dominance, Less Mining, Handful of Regulations and 20 Crypto Jokes

Steve Jobs Statue In Budapest To Get A New Neighbor - Satoshi Nakamoto

A monument for Satoshi Nakamoto is set to emerge in Budapest, Hungary, as a part of a local initiative by Hungarian crypto community to raise awareness about the importance of Bitcoin (BTC) and blockchain technology. The idea started with András Györfi, the editor of the Hungarian crypto website Kripto Akadémia. The project team also includes Imre Szilágyi, founder of Blockchain Budapest, the main blockchain and crypto conference in Hungary, Gabi Debreczeni-Raskó, and Barnabás Debreczeni from M...
Steve Jobs Statue In Budapest To Get A New Neighbor - Satoshi Nakamoto

Bitcoin Mining Difficulty Set For Sharp Drop This Weekend

Bitcoin (BTC) mining difficulty may be knocked out of its just recently gained all-time high this weekend, back to a March level. If this adjustment goes as currently (16:00 UTC) estimated by mining pool BTC.com, mining difficulty - which is the measure of how hard it is to compete for mining rewards - will drop 13.58%. This will land it to 21.64 T, the lowest it's been since mid-March. This would be only the third drop in the mining difficulty this year, and the largest one. Additionally...
Bitcoin Mining Difficulty Set For Sharp Drop This Weekend

Atomic Monero & Bitcoin Swaps, Riksbank Testing E-krona + 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. _ Trading news Atomic swaps between monero (XMR) and bitcoin (BTC) went live on mainnet. "With atomic swaps, online users trade cryptocurrencies without needing to trust each other or anyone else. Monero atomic swaps are made possible by new technologies and concepts and are being implemented by multiple teams, including a community funded softwa...
Atomic Monero & Bitcoin Swaps, Riksbank Testing E-krona + More News

Chia In Spotlight Amid Global Hard Disc Shortage

Chia Network, the developer of blockchain and "smart transaction" platform with a cryptocurrency branded as a “green” alternative to Bitcoin (BTC), has reportedly caused a global shortage of hard discs, whilst its president Gene Hoffman denies the cryptocurrencies’ bad impact on the environment. Chia Network uses proof-of-space (PoSp) consensus algorithm in a bid to consume less energy. Nevertheless, these discs still require energy to produce and run, and some reports indicate that hardware inv...
Chia In Spotlight Amid Global Hard Disc Shortage

US-Sanctioned Actors Use Crypto in New Ways to Evade Restrictions - Report

Sanctioned actors and jurisdictions worldwide are finding new ways to use cryptoassets to evade restrictions and continue their illicit activities, per a recent report by blockchain analytics firm Elliptic. Some of the ways this is accomplished is using privacy coins, coinswap services, privacy wallets, decentralized exchanges (DEXes) and decentralized finance (DeFi) platforms that don't require a know-your-customer (KYC) procedure, as well as by "engaging in or promoting crypto mining activ...
US-Sanctioned Actors Use Crypto in New Ways to Evade Restrictions - Report

‘Legalize Crypto,’ Urges Ukrainian Cybercrime Chief

The head of the Ukrainian cyberpolice has called for crypto to be legalized – claiming that “most criminal activity” is now conducted using crypto. In an interview with RBC’s Ukrainian service, the cyberpolice chief, Oleksandr Grinchak, stated that “legalizing” and “moving cryptocurrency into the legal sector would help the police “monitor illegal transactions with cryptocurrency more efficiently,” adding that the entire online “black market” now makes use of digital tokens. “If we talk about cr...
‘Legalize Crypto,’ Urges Ukrainian Cybercrime Chief

Fold's Bitcoin Cashback Card, Biden's Trillions, Checking & Fixing Coinbase + 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 Fold, a bitcoin (BTC) rewards app, announced a USD 13m series A round to fuel its growth. The round was led by Craft Ventures with participation from M13, Slow Ventures, and Bessemer Venture Partners. Also, the company has opened access to its bitcoin cashback debit card to all US residents. "Since its launch in 2019, Fold accr...
Fold's Bitcoin Cashback Card, Biden's Trillions, Checking & Fixing Coinbase + More News

New Investors Led Crypto Selloff Last Week, Miners Had Limited Effect

Bitcoin (BTC) miners did send more BTC to exchanges at the end of last week, but so did others, according to Phillip Gradwell, Chief Economist at on-chain analytics and intelligence firm Chainalysis, which suggests that miners did not drive further price declines. Meanwhile, most of the BTC and ethereum (ETH) sellers in the "awful" past week were recent investors. The announcement of tighter regulation on crypto mining and trading in China is one of the latest major entries to the list of possi...
New Investors Led Crypto Selloff Last Week, Miners Had Limited Effect

Abeychain 2.0: Secure, Decentralized Storage Set To Soar

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Since its launch in March of 2021, ABEYCHAIN 2.0 has added tens of thousands of unique users to its ABEY ecosystem. After being showcased at the AIBC 2021 Summit in Dubai, more insight into some of the functions that make this new technology so exciting is now available. FUNCTIONING IN FAIRNESS THAT’S FASTER ABEYCHAIN 2.0 wants to disrupt the current Proof of Stake structure that makes it easier for a larger st...
Abeychain 2.0: Secure, Decentralized Storage Set To Soar

Chinese Miners Block Mainland IP Access as Beijing’s Purge Intensifies

China’s struggle with Bitcoin (BTC) miners appears set to rumble on, as two Chinese players moved to restrict access from Mainland Chinese IP addresses – and one of the biggest mining hotspots in the country making ominous statements about mining “shutdowns.” BitDeer, a mining group established by the Bitmain co-founder Jihan Wu earlier this year, posted a notice on its website claiming that as of this evening (China time) it will block all access to users with Mainland Chinese IP addresses. And...
Chinese Miners Block Mainland IP Access as Beijing’s Purge Intensifies

No Legal Bitcoin Mining in Iran Until Late September

Iran has banned crypto mining over the summer as the electricity demand sees a major increase in this period - effective immediately. Per the Iran Front Page, Iranian president Hassan Rouhani forbidden to mine digital currencies until late September, because it puts a massive burden on the national power grid. According to Bloomberg, the end-date is September 22. "The authorized mining of cryptocurrencies does not consume much electricity and needs just around 300 megawatts," Rouhani was quoted...
No Legal Bitcoin Mining in Iran Until Late September

SafeSun – New Green CryptoCurrency Dedicated to Reducing CO2 Emissions

Disclaimer: The text below is a press release that was not written by Cryptonews.com. SafeSun is a new token in DeFi, launched only a month ago, with real-world developments backing its young yet explosive growth. These developments and future plans are laid out on the roadmap on their website and include a beta version of their DEX swap exchange, SunSwap. SunSwap is a unique, proprietary swap DEX alternative to PancakeSwap, UniSwap, and the other swaps on the current market. SunSwap's fee...
SafeSun – New Green CryptoCurrency Dedicated to Reducing CO2 Emissions

'Next Great Miner Migration Will be Away from China' - Poolin Exec

The global Bitcoin (BTC) hashrate, or the computational power of the network, will spread from China to the rest of the world - which is a redistribution beneficial for Bitcoin, according to Alejandro De La Torre, Vice President at Hong Kong-headquartered major mining pool Poolin. Many miners are actually looking to move from China – the home of over 50% of all global hashpower - and spread across the world, particularly Europe and North America, De La Torre said during Coindesk's Consensus ...
'Next Great Miner Migration Will be Away from China' - Poolin Exec

Bitcoin Mining Council: Promotion, Cabal, Attack on BTC, or Pointless?

The decision was reached in the meeting between Bitcoin (BTC) miners, the chiefs of a few investment and tech companies, and some billionaires to form the Bitcoin Mining Council. And while some think of this as a good idea and a way to promote Bitcoin, others very much oppose it, calling it an attempt to control Bitcoin by agenda-driven regulator-pleasers. Hours ago, the MicroStrategy head and crypto bull Michael Saylor notified the general public that in the meeting he hosted yesterday between...
Bitcoin Mining Council: Promotion, Cabal, Attack on BTC, or Pointless?

Key Clues Emerge as to What Beijing Really Thinks About Bitcoin & Mining

Further details are emerging as to what exactly China’s current stance on crypto and crypto mining is – following days of confused reporting on Beijing’s regulatory policies. China’s last major crypto crackdown took place in September 2017, when the government banned crypto exchanges from operating in the country and blocked initial coin offerings (IOCs). However, Beijing – until recently – allowed mining to continue unchecked, a fact that has helped China to become the world’s Bitcoin (BTC) min...
Key Clues Emerge as to What Beijing Really Thinks About Bitcoin & Mining

Bitcoin Dominance Rises Again As Funds Are Buying The Dip

Bitcoin (BTC) is seeing some notable light in a bearish tunnel as the new week began: it's dominance is up around 17% in the midst of a selloff, while it's also among those coins that fell the least in the past 7 days and from their all-time highs (ATHs). At 7:25 UTC, BTC is trading at 36,461, after it went up nearly 1% in a day. It is, however, down 21% in a week and 28% over the past month. Bitcoin, as is well known, is the first coin per market capitalization, with USD 682.3bn at this...
Bitcoin Dominance Rises Again As Funds Are Buying The Dip

Top Altcoins Traded by Crypto Funds In 2020

While some 56% of surveyed crypto hedge funds declare that bitcoin (BTC) was responsible for at least half of their daily crypto trading volume in 2020, with 15% of the funds trading solely in bitcoin, they were also looking into other cryptoassets. Among the top traded coins by daily volume last year, the funds pointed to ethereum (ETH), with 67% of funds trading the cryptoasset, litecoin (LTC), at 34%, chainlink (LINK), with 30%, polkadot (DOT), at 28%, and aave (AAVE) with 27%, according to ...
Top Altcoins Traded by Crypto Funds In 2020
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