Mining Blog & Mining News

Mining Blog & Mining News

CBDC Week: Another G7 Country Mulls Joining Digital Fiat Race

After the UK admitted it is mulling digital fiat plans this week, the Japanese government has also announced that it is considering the launch of a central bank digital currency (CBDC). Per Nikkei, the cabinet is set to make a formal decision on whether or not it will include the issuance of a CBDC in its policy framework in the near future – adding that that should it do so, this would make digital yen issuance “official government policy.” The government could include CBDC plans in its forthco...
CBDC Week: Another G7 Country Mulls Joining Digital Fiat Race

Ethereum's Buterin Calls DeFi-powered Yield Farming ‘Unsustainable’

Ethereum (ETH) Co-founder Vitalik Buterin said he has a bit of “love and hate” for the influx of decentralized finance (DeFi) apps that have been built on the network of late – although he labeled them “valuable and essential” to the blockchain's community. Speaking in an interview with Ryan Sean Adams, Founder of crypto investment company Mythos Capital and creator of the Bankless program. Buterin also criticized so-called yield farmers, and said that the high interest rates that some liqui...
Ethereum's Buterin Calls DeFi-powered Yield Farming ‘Unsustainable’

Blockchain Medical Prescriptions Coming in Chinese City + 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. Blockchain news A Chinese city said it will launch a blockchain-powered medical prescription app for smartphone-using residents. Per Zhihu, the initiative will be launched in Kunshan, in Jiangsu Province, and will be a national first. The platform has been co-created by a mobile carrier and the city’s health authority.The South Korean government ...
Blockchain Medical Prescriptions Coming in Chinese City + More News

Crypto Listing and Delisting Announcements: Week 28

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: CyberMiles (CML) AMIX (AMIX) Binance Listings: Swipe (SXP) Synthetix (SNX) ETHUP Leveraged Token (ETHUP) ETHDOWN Leveraged Token (ETHDOWN) Delistings: Aeron (ARN) Etherparty (FUEL) Lunyr (LUN) Bitfinex Listings: Meg...
Crypto Listing and Delisting Announcements: Week 28

Telcos Trial Blockchain, Fidelity & Bitcoin Mining, UK Mulls CBDC + 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. Blockchain news Three major telcos, Deutsche Telekom, Telefónica, and Vodafone said they have finalized a trial automated settlement of roaming discount agreements using a solution developed by blockchain-based settlement company Clear. Operator benefits included obtaining yearly settlement results in minutes instead of hours; uncovering data di...
Telcos Trial Blockchain, Fidelity & Bitcoin Mining, UK Mulls CBDC + More News

It's Never Been So Difficult to Mine Bitcoin; Miners Offload More BTC

Bitcoin (BTC) mining difficulty just reached a new all-time high, increasing pressure on less efficient miners that have already started selling more BTC. Bitcoin mining difficulty, which is the measure of how hard it is to compete for mining rewards, just jumped by 9.89%, climbing above 17 T for the first time and reaching 17.35 T. Last time it increased more was in September of 2019, when it jumped by 10.38%. The difficulty is adjusted every 2,016 blocks, or around two weeks to maintain the n...
It's Never Been So Difficult to Mine Bitcoin; Miners Offload More BTC

DOGETok Jumps, Playgrounds, Presidential Runs and 20 Crypto Jokes

This week in the Cryptosphere, BTC miners were not selling them coins, and Venezuelan military intercepted a truck full of mining rigs. Chainlink hit an all-time high, and Dogecoin soared as TikTokers attempted to pump it, with Justin Sun joining the scene too, followed by a few exchanges. Cardano entered a custody agreement with Coinbase, and its founder Charles Hoskinson raised the idea of a collaboration with Litecoin, while Terra revealed Anchor, governed by a newly formed organization, and ...
DOGETok Jumps, Playgrounds, Presidential Runs and 20 Crypto Jokes

DeFi Faces Multiple Challenges On Its Way To Dominate Crypto

While Bitcoin (BTC) maximalists remain skeptical, many other industry players believe that DeFi, or decentralized finance, is set to become the dominant sector within the cryptoasset industry. Decentralized finance has already been one of the fastest-growing sectors for a couple of years now, while the acceleration of its growth in recent months has brought even more attention to it. As industry commentators told Cryptonews.com, DeFi is really the only sub-sector within crypto that has provable ...
DeFi Faces Multiple Challenges On Its Way To Dominate Crypto

Bitcoin, Ethereum & Co Have Plenty of Room Left to Take Over TikTok

Though TikTokers found one coin to pump, it looks like cryptoassets haven't taken over the major video-sharing social networking service yet. The creators of crypto TikToks (CrypToks, if you will) are few, and videos on the topic are relatively scarce. The power of TitTokers to affect the current happenings, it seems, is not to be underestimated. Their strength is in numbers and commitment. And they're the talk of the town these days. TikTok has turned the eye of the Cryptoverse towards ...
Bitcoin, Ethereum & Co Have Plenty of Room Left to Take Over TikTok

Crypto Industry Expresses Cautious Optimism about Coinbase Listing Reports

Coinbase’s rumored plan to list their shares on a stock exchange appears to have sent crypto industry players buzzing about the potential benefits – and possible pitfalls – of the major crypto exchange going public. Yesterday, Reuters reported that Coinbase “could pursue the listing later this year or early next year.” Today, we received a compilation of comments from various crypto industry players, sent by PR agency Waschman. Here's what they said. First, Phillippe Bekhazi, the CEO of the...
Crypto Industry Expresses Cautious Optimism about Coinbase Listing Reports

Bitcoin Mining Difficulty Set For New All-Time High. What Comes Next?

Miners' machines seem to be on and hard at work as mining Bitcoin (BTC) is about to get more difficult - reaching a brand new all-time high, thus increasing operational costs to mine the coin. Two industry players weighed in on what might come next. Bitcoin mining difficulty, which is the measure of how hard it is to compete for mining rewards, is about to reach two milestones: an all-time high, and stepping into the never-before-seen 17 T territory. The mining difficulty, if the current es...
Bitcoin Mining Difficulty Set For New All-Time High. What Comes Next?

This Eurozone Member Opens A 'Playground' for Testing CBDCs

While presenting their new digital coin, the first of its kind, the central bank of Lithuania said that this project serves as a type of a testing ground for a possible future central bank digital currency (CBDC). At the press conference Thursday morning, the Bank of Lithuania presented their long-awaited LBCOIN - "the world’s first digital collector coin." As previously announced, they also launched lbcoin.lb.lt, a special e-shop dedicated to this project, where the registration for the collect...
This Eurozone Member Opens A 'Playground' for Testing CBDCs

Bitcoin, Ethereum, XRP CFDs, Defi Moves, Blockchain Deals + 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 Japan’s Monex Group has launched crypto contract for difference (CFD) products for bitcoin (BTC), ethereum (ETH), XRP and bitcoin cash (BCH) – making it the first Japanese brokerage to do so, reported Coin Post. Recent amendments to the Financial Instruments and Exchange Act effectively legalized CDF offerings in the country. Monex...
Bitcoin, Ethereum, XRP CFDs, Defi Moves, Blockchain Deals + More News

Venezuelan Soldiers Stop Truck Full of Antminer 9 Bitcoin Mining Rigs

The Venezuelan military says it has intercepted a truck full of 315 cryptocurrency mining rigs. Per a tweet from the army’s official account, which also posted photos of the Chevrolet 350 truck – and its illegal cargo – the driver was unable to display any permit or provide sufficient explanation as to why they were transporting the giant haul of Antminer 9 rigs through the Guyana toll point in Southern Venezuela on Monday afternoon. En el PAC “Peaje Guayana” del @GNB_BolivarD625, se retuvieron ...
Venezuelan Soldiers Stop Truck Full of Antminer 9 Bitcoin Mining Rigs

Stocks Are Soaring, Time to Short Bitcoin?

Jay Hao is the CEO of crypto exchange OKEx. _ When I woke up this morning, I received many messages from my friends, who told me, "Stocks have skyrocketed. Can we short bitcoin (BTC)?" Then I opened my Bloomberg and saw the following chart. The Shanghai Shenzhen CSI 300 Index has reached its highest level in nearly a year. And the economic recovery in mainland China has driven Hong Kong stocks to rise, with the Hong Kong Hang Seng Index reaching a new high since April. Even Nasdaq has reached a ...
Stocks Are Soaring, Time to Short Bitcoin?

Liquidity Mining is 'Like Uber' Giving Shares to Early Drivers & Riders

DeFi's latest hit is yield farming with millions of dollars worth of tokens distributed each month. It's boosted by liquidity mining, which today is like Uber giving shares to early drivers and riders, argued a researcher. DeFi (decentralized finance) commonly refers to the protocols, digital assets, financial smart contracts, protocols, and decentralized applications (dapps) built on the Ethereum blockchain. And speaking of protocols, they need liquidity. Yield farmers are crypto liqui...
Liquidity Mining is 'Like Uber' Giving Shares to Early Drivers & Riders

8 Ethereum Miners Wield ‘Overwhelming Influence’ Over the Network

The Ethereum (ETH) network is dominated by just over 50 powerful mining pools – with an inner cabal of eight maintaining the lion’s share of the blockchain, according to the findings of a new report. The ConsenSys-produced “The Ethereum Proof of Work” report concluded that as recently as Q2 of FY2020, just two mining pools had a majority of “just over 51%” of the network’s hashrate – only the second time in history this has occurred on the network. The two pools in question are Ethermine and Spa...
8 Ethereum Miners Wield ‘Overwhelming Influence’ Over the Network

Rolling, Doubling, Consuming and 20 Crypto Jokes

This week in crypto news on Cryptonews.com: Bitcoin whale population growth might be a mirage, retail may consume 50% of BTC supply after next halving, and young Roobinhooders might propel the next BTC rally. IOTA announced the release of Pollen, the first phase towards the decentralized IOTA 2.0, and Vitalik Buterin pushed for rollups as Ethereum’s scaling solution. Celsius token skyrockets over 800% since March, and Kyber Network doubled in a month. As DeFi attackers got more creative while st...
Rolling, Doubling, Consuming and 20 Crypto Jokes

Bitcoin Miners Hodl More As BTC Trades Sideways Ahead of Difficulty Increase

Bitcoin (BTC) miners have been hodling more for several weeks now, as the price holds above the USD 9,000 mark. Meanwhile, BTC mining might become more difficult in a week. It seems that at the time when more Bitcoin miners have been turning their machines on, increasing hashrate, or the computational power of the network, they have also been hodling more of the newly generated coins. Their net inventory in the past five weeks reached BTC 344 (USD 3.2m). In comparison, almost three weeks ago, o...
Bitcoin Miners Hodl More As BTC Trades Sideways Ahead of Difficulty Increase

Multibillion Investor Doubles Down on Bitcoin Mining

US-based multibillion investment manager Horizon Kinetics (HK) just doubled down on its Bitcoin (BTC) mining strategy. After tripling the number of miners it hosts with Core Scientific (CS), a US-based blockchain hosting provider, HK has now agreed to upgrade the miners to the Antminer S19 and S19 Pro models manufactured by Bitmain, CS said in a press release, without providing any numbers. However, last week, CS announced joining hands with Bitmain - a partnership that saw the host purchasing 1...
Multibillion Investor Doubles Down on Bitcoin Mining

BitPay Adds SegWit, BlockFi Doubles Revenue, 3 News From Cardano + More

This is our 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 Major crypto payments company BitPay added support for SegWit in their wallet as an optional feature, and enhanced integration with Coinbase to enable users to directly manage their Coinbase wallets from inside the BitPay App. Later this year, support for SegWit, which lets save around 30% in miner fees, will be a default ...
BitPay Adds SegWit, BlockFi Doubles Revenue, 3 News From Cardano + More

Coin Race: Top Winners/Losers of June, 2nd Quarter, and 1st Half 2020

May's mixed bag turned into a June's red one - at least for the top 10 coins by market capitalization. Only one has seen a rise in its price in the month of June. Nonetheless, for the coins outside of the top 10 list, the picture is not as drastic. Though many saw a drop in their prices, many others appreciated. The situation is also a lot greener when observing the coins in the past 3-6 months. Therefore, this time we're not looking only at the previous month, but the previous quar...
Coin Race: Top Winners/Losers of June, 2nd Quarter, and 1st Half 2020

Ripple Partner SBI Gains UK Foothold after Agreeing USD 30m B2C2 Deal

Japanese financial giant SBI Holdings has agreed a deal to buy a USD 30 million minority stake in Britain-based crypto player B2C2. The latter also says it will “launch a full prime brokerage for both crypto and other asset classes,” per its founder. According to Reuters, SBI has agreed to the deal in principle, and SBI’s SBI Financial Services subsidiary will enter into a formal partnership with B2C2. SBI is one of Japan’s most notable and powerful crypto players. The company co-runs Ripple’s b...
Ripple Partner SBI Gains UK Foothold after Agreeing USD 30m B2C2 Deal

Russian Traders Gear up for ‘Head Spinning’ Crypto Tax Season

Russian crypto owners have been warned that they have just a month before the taxman comes calling – with miners, custodians and traders all required to declare their profits. Although the country is likely still “a year or more” away from comprehensive crypto laws, the tax code has been changed in time for this year’s tax season – meaning that anyone in Russia making money from crypto in 2019 is legally obliged to report their earnings. Per RBC, Russians were originally required to submitting t...
Russian Traders Gear up for ‘Head Spinning’ Crypto Tax Season

Another Million People Tried Crypto in the UK + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news 3.86%, or 1.9 million, of the general population in the UK currently hold cryptocurrencies, the Financial Conduct Authority (FCA) estimated, citing their newest survey. Moreover, the share of those who hold or held cryptoassets increased by 2.35 percentage points, to 5.35% (from approximately 1.5 million peopl...
Another Million People Tried Crypto in the UK + More News

CBDCs Might Increase Central Banks' Footprint on Financial System - BIS

The introduction of central bank digital currencies (CBDCs) could potentially lead to central bank expanding its footprint on the financial system, according to Economic Adviser and Head of Research at the "central bank of central banks," the Bank for International Settlements (BIS). It is likely that CBDCs will change the relationship between central banks and society. The bank's special chapter of the Annual Economic Report discusses the central bank's role in the payment system, stres...
CBDCs Might Increase Central Banks' Footprint on Financial System - BIS

Russian Blockchain-powered Voting Platform ‘Withstands Node Attack’

The operators of Russia’s blockchain voting system say their platform successfully repelled a hacking attack in the nation’s referendum on constitutional reform. Blockchain voting is being piloted in the cities of Moscow and Nizhniy Novgorod, and began on June 25. Citizens in both cities were required to pre-register their interest in casting blockchain votes, with a total of around 1 million in the capital signing up to the platform. This allows them to cast votes via their smartphones. However...
Russian Blockchain-powered Voting Platform ‘Withstands Node Attack’

Bitcoin Mining Difficulty Might Remain At Almost the Same Level

Bitcoin (BTC) mining difficulty is estimated to adjust tomorrow, offering a small change to miners following the highest adjustment in two years recorded two weeks ago. The next adjustment is expected to happen on Tuesday afternoon (UTC time). The next adjustment is expected in a day. Per the current estimates by the major Bitcoin mining pool BTC.com (15:57 UTC), the measure that shows how hard it is to compete for mining rewards is expected to slip by 0.36%. If so, this would bring the difficu...
Bitcoin Mining Difficulty Might Remain At Almost the Same Level

Mining, Steel Giants Complete USD14m Blockchain-powered Iron Ore Trade

One of the world’s largest mining companies, BHP Group, says it has completed a USD 14 million blockchain-powered iron ore transaction with China’s Baosteel – one of the largest steelmaking firms on the planet. The move follows on from last month’s trade between the two companies that saw BHP conduct its first-ever yuan iron sale to Baosteel. Baosteel is part of the China Baowu Steel Group, while BHP is based in Melbourne, Australia. A number of Chinese companies have been keen to move commoditi...
Mining, Steel Giants Complete USD14m Blockchain-powered Iron Ore Trade

DeFi Attackers Get 'More Creative', Steal USD 500,000 From Balancer

Decentralized finance (DeFi) liquidity providing platform Balancer was hacked today, reportedly with USD 500,000 worth of crypto stolen. Following several reports online, Balancer confirmed that on June 29 an incident occurred, affecting two pools containing transfer fees, known as deflationary tokens. Their report provided steps for how this was done, entailing taking a flash loan in ethereum (ETH) from the non-custodial exchange dYdX, converting them to WETH (Wrapped Ethereum), trade more of ...
DeFi Attackers Get 'More Creative', Steal USD 500,000 From Balancer
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