Mining Blog & Mining News

Mining Blog & Mining News

World's Biggest Publicly Traded Hedge Fund Firm Defends 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. Bitcoin news Bitcoin (BTC)'s volatility is simply part of the price discovery in a new asset class, and these are not bubbles, analysts at Man Group, the world’s biggest publicly traded hedge fund firm, said, as reported by Bloomberg. According to them, this volatility is "part of a not-so-random walk that will eventually dwindle to give bit...
World's Biggest Publicly Traded Hedge Fund Firm Defends Bitcoin + More News

Retail Investors Find an Equalizer with ProBit Exchange's 50% Discounted BTC Exclusive Offer

Disclaimer: The text below is a press release that was not written by Cryptonews.com. ProBit Exchange turned heads in the crypto community following a special BTC holiday edition of its Exclusive subscription model featuring 50% off market price offers for many premium tokens in the space. The platform has seen fit to hold another extended subscription period starting January 27 for all retail investors and will likely be the last opportunity to buy Bitcoin for under $20,000 for the foreseeable ...
Retail Investors Find an Equalizer with ProBit Exchange's 50% Discounted BTC Exclusive Offer

Grayscale Scores Another Record, Buys 194% More Bitcoin Than Miners Generated

US-based major crypto investment company Grayscale said it once again "experienced unprecedented investor demand" in the last quarter of 2020. (Updated at 16:59 UTC: updates throughout the entire text). The company said it raised USD 3.3bn in 4Q20, bringing YE20 inflows to USD 5.7bn. In comparison, in 2019, the company raised USD 600m in total. Last year, Grayscale institutional capital represented 93% of the total inflow. Also, in 4Q20, inflows to Grayscale Bitcoin Trust were a record USD 2.8bn...
Grayscale Scores Another Record, Buys 194% More Bitcoin Than Miners Generated

OCC's Fair Banking Rule, Gemini IPO, Coinbase Altcoins Hub + 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. Banking news The US Office of the Comptroller of the Currency (OCC) today released its finalized rule to "ensure fair access to banking services provided by large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations." The rule codifies more than a decade of OCC guidance stating that banks ...
OCC's Fair Banking Rule, Gemini IPO, Coinbase Altcoins Hub + More News

Maduro Promises ‘Revival’ for Venezuela’s Foundering Petro Token

Nicolás Maduro, the disputed President of Venezuela, has predicted big things to come for crypto in the nation in 2021 – claiming that the state-issued petro (PTR) token will undergo a renaissance in the year ahead and stating that a “complete digitalization process” will transform the economy in the next 12 months. In an address to the nation in the parliament building, Maduro spoke of a “revival” for the petro, which many observers have claimed has thus far failed as a token, with few citizens...
Maduro Promises ‘Revival’ for Venezuela’s Foundering Petro Token

Bitcoin ETP Boom, Crypto & Zero, Mortgage & Cows On Blockchain + 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. Bitcoin news German bitcoin exchange-traded product (ETP) from ETC Group has garnered volumes matching those of popular European funds, as BTCetc Bitcoin Exchange Traded Crypto (BTCE) has recorded average daily trading amounting to EUR 57m (USD 68.9m) in the first 11 days of January, according to the Financial Times, citing data from Deutsche Bö...
Bitcoin ETP Boom, Crypto & Zero, Mortgage & Cows On Blockchain + More News

Associated Gas Pilot Could Lead to Huge Boon for Russian Bitcoin Miners

Russian Bitcoin (BTC) miners could be in for a massive, unexpected environmentally friendly windfall if a pilot leads the nation’s energy giants to embrace crypto mining en masse. Further details have been unveiled about a plant operated by the oil arm of Gazprom, Gazprom Neft, which late last year invited miners to set up shop at an oilfield in the Khanty-Mansi region. The miners have been at work with a month-long Bitcoin mining effort. Pumping oil from fields like these produces associate gas...
Associated Gas Pilot Could Lead to Huge Boon for Russian Bitcoin Miners

XRP Army Fils A Petition, Digital Yuan Giweaway + 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. Legal news XRP investors have filed a petition against the US Securities and Exchange Commission (SEC) on December 29, claiming "irreparable harm and damages" that declaring XRP a security causes them. The petitioners argued that the SEC is not protecting the investors it's tasked with protecting, and that the SEC complaint against Ripple is ...
XRP Army Fils A Petition, Digital Yuan Giweaway + More News

Total Tokenization, Taproot, Bitcoin ETF + 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 vice president of the Russian metals giant Norilsk Nickel has spoken out about his company’s ambitious tokenization plans, saying new platforms now make it possible to “tokenize anything.” The firm has recently unveiled its first offerings on its metals token platform, which was green-lighted by the Russian Central Bank earlier ...
Total Tokenization, Taproot, Bitcoin ETF + More News

Cryptonews Rewind 2020: Q4 - ETH 2.0 Phase 0, BTC Rally, Ripple & Ledger Troubles

Here is what happened in the Cryptoworld in the last quarter of this year: Total crypto market capitalization in Q4 __ Total crypto market capitalization in 2020 _ October And thus the final quarter of the year begun. The news hit the Cryptoverse: three owners of BitMEX and five related companies were charged with operating an unregistered trading platform and violating multiple regulations. And then, Arthur Hayes and Samuel Reed stepped down from "all executive management responsibilities". Ho...
Cryptonews Rewind 2020: Q4 - ETH 2.0 Phase 0, BTC Rally, Ripple & Ledger Troubles

Binance to Cover USD 10m in Losses for Users Affected by the COVER Hack

Following a COVER smart contract hack, major crypto exchange Binance announced they will use their funds to cover their users' losses to the tune of USD 10.1m. "In addition to the compensation plan from the COVER team, Binance will utilize the Binance SAFU Fund to recompense a total of [USD] 10,107,505 USD (distributed in 8,171,634.10 BUSD and 2,581.16 ETH) to affected and eligible users," said the exchange in their recent post. According to them, a large number of minted COVER tokens - gre...
Binance to Cover USD 10m in Losses for Users Affected by the COVER Hack

Power-starved Abkhazians Face Internet Restrictions in Crypto Mining Crisis

After months of power shortages leading to blackouts, brownouts, planned multi-hour electricity shutdowns and a blazing inferno at a power substation, citizens in Abkhazia are now set to be restricted in their internet activities as the government wages a confused war against crypto mining. After a series of seemingly mind-boggling u-turns and law changes, the government of the de facto South Caucus state has issued a temporary ban on crypto mining, which has gained massive popularity in Abkhazi...
Power-starved Abkhazians Face Internet Restrictions in Crypto Mining Crisis

Cryptonews Rewind 2020: Q3 - DeFi Summer, New Bitcoin Bulls, More Hacks

Here is what happened in the Cryptoworld in the third quarter of this year: Total crypto market capitalization in Q3 July In July, the decentralized finance (DeFi) summer got hotter. Yield farming boosted by liquidity mining was all the rage, with compound COMP, BAL, and YFI all taking a turn in the spotlight. Cardano (ADA) entered a custody agreement with crypto exchange Coinbase, and founder Charles Hoskinson raised the idea of a collaboration with Litecoin (LTC). Dogecoin soared as TikTokers ...
Cryptonews Rewind 2020: Q3 - DeFi Summer, New Bitcoin Bulls, More Hacks

Why is the crypto world pinning hopes on DigiByte?

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Talk about the most promising crypto blockchain platforms today and you have DigiByte raking up a fair share of the limelight. Founded by leading crypto expert Jared Tate, DigiByte stands out as one of the fastest, longest, secured and the most decentralized UTXO blockchain today. The platform was officially launched in 2014 and since then the open-source blockchain has been at the forefront of the crypto scene...
Why is the crypto world pinning hopes on DigiByte?

Indian Crypto Tax, Listed VR Company Diversifies Into 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. Tax news The Indian government could become the latest to impose a tax on crypto trading. In a report, the Times of India stated that politicians are mulling the imposition of a flat 18% rate of goods and services tax (GST) on bitcoin (BTC), although altcoin trading would likely be covered by the same rules. The media outlet quoted “finance minis...
Indian Crypto Tax, Listed VR Company Diversifies Into Bitcoin + More News

BlackRock Prepares to Make More Crypto Moves + 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. Investing news The American asset management giant BlackRock is looking to expand its crypto team, and has posted a vacancy for the new role of vice president and blockchain lead on its website in a bid to to drive up the demand for its crypto products. The successful candidate will need to be based in New York, where they will take charge of eva...
BlackRock Prepares to Make More Crypto Moves + More News

Cryptonews Rewind 2020: Q1 - Missile Strike, COVID-19, Black Thursday

Here is what happened in the Cryptoworld in the first quarter of this year: Total crypto market capitalization in Q1 January The year started with Ethereum (ETH)'s Muir Glacier, announced to be a successful upgrade on the Ethereum mainnet, and the Cryptoverse wondered if Ethereum 2.0 would happen in 2020. Spoiler alert: it made an important step in that direction. And ETH 2.0 wasn't the only major theme picking up speed in January: so was the bitcoin (BTC) halving. As pre-Bitcoin halvi...
Cryptonews Rewind 2020: Q1 - Missile Strike, COVID-19, Black Thursday

Data Leaks, Regulatory "Fun" and 20 Crypto Jokes

In the week leading to the holidays, a Twitter exchange between Elon Musk and Michael Saylor added fuel to the BTC rally, but shortly, as BTC dropped below USD 23K, and then it went back up. You know, the usual. But then serious problems hit the fan for Ledger and their users when personal info was dumped on Raidforums, with users reporting increased phishing attempts and even death threats hours later. The fan was hit some more when Ripple said the SEC plans to file a lawsuit against it because...
Data Leaks, Regulatory

Bitcoin's Christmas All-Time High, 1inch Token, Livecoin Hack + 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. Bitcoin news Number one cryptocurrency by market capitalization, bitcoin (BTC), has reached USD 24,603 today, setting a new all-time-high, according to Coinpaprika.com. It pulled back somewhat since, standing at USD 24,148 at the time of writing (15:20 UTC). Grayscale Investment Holdings currently holds USD 16.33bn worth of assets under managemen...
Bitcoin's Christmas All-Time High, 1inch Token, Livecoin Hack + More News

Binance to Exit South Korea, MoneyGram on Ripple, New SEC Chair + 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 Binance is to shut down its South Korean operations with almost immediate effect, citing “low usage and volume with limited trading pairs of [its South Korean won-pegged stablecoin] BKRW, resulting in limited liquidity for its users” as its reasoning. In an official announcement, the firm stated that Binance Korea would commence it...
Binance to Exit South Korea, MoneyGram on Ripple, New SEC Chair + More News

A List of Meta-Trends in 2021 Crypto Predictions

There is never a more appropriate time to do some fortune-telling in the Cryptoverse than the year-end holiday season. As this more than eventful 2020 is coming to an end, many are curious what the next year has in store for us. And though we can't know for sure, industry insiders can certainly make some educated guesses based on what happened so far. As last year, the team at cryptocurrency venture fund Token Daily Capital asked some builders and investors in the space about what they think...
A List of Meta-Trends in 2021 Crypto Predictions

Polish Crypto Miner Prepares Its Services For South Korean Gamers

After obtaining a license to operate in Malta, Polish company GamerHash is pursuing its international development plans, aiming to launch its token on one of the leading crypto exchanges in Asia, and establish operations in South Korea. The firm’s expansion to Malta allowed GamerHash to raise around USD 2.8m by selling its gamercoin (GHX) token. The sale was carried out by the Poznań-based company CoinAxe which owns GamerHash. “We’re now proceeding with our first listing. Our expansion will begi...
Polish Crypto Miner Prepares Its Services For South Korean Gamers

Another Listed Company to Invest in 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. Bitcoin news Mogo Inc., a listed financial technology company that also operates MogoCrypto, a Canada-focused bitcoin (BTC) trading service, said that it plans to make an initial corporate investment of up to USD 1.5m in BTC and will consider additional investments in 2021 as it monetizes its USD 17m investment portfolio. The initial purchase wou...
Another Listed Company to Invest in Bitcoin + More News

Mining Giant Nornickel Issues First Blockchain-powered Metals Tokens

Russian miner Norilsk Nickel, the world’s biggest palladium and high-grade nickel producer, has begun the first stage of its tokenization drive – partnering with two international exploration and mining firms to issue metal contract-backed, blockchain-powered digital coins. In an official release, Norilsk Nickel, fronted by Russian billionaire Vladimir Potanin, stated that the first companies to make use of its new Global Palladium Fund were the Luxembourg-based miner Traxys and Umicore, a mater...
Mining Giant Nornickel Issues First Blockchain-powered Metals Tokens

Russian Parliament Expects a 2021 ‘Surge’ in Token Issuance

Russia’s parliament, the State Duma, said that it is braced for a “surge in token issuance” in the new year. Per a report published in the Parliamentary Gazette, Anatoly Aksakov – the head of the Duma’s committee on financial markets and the chief architect of Russia’s crypto legislation – stated that parliament was expecting token releases to come thick and fast when the country’s first crypto law, “On Digital Financial Assets“ promulgates on January 1, 2021. Aksakov was quoted as stating that ...
Russian Parliament Expects a 2021 ‘Surge’ in Token Issuance

Huobi Set for US Return, Italians Experiment With Digital Euro + 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 The Huobi business group appears set to make a return to the United States a year after it hastily exited the country. The group’s Hong Kong-based Huobi Tech subsidiary declared that it had received a trust license from the regulatory Nevada Financial Institutions Division. Huobi CEO Leon Li took control of Huobi Tech in a reverse ...
Huobi Set for US Return, Italians Experiment With Digital Euro + More News

Gwallet.Tech: A Hybrid Defi Blockchain Platform

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Blockchain technology has been revolutionary as it has enabled the developments of novel financial products. Concepts like staking, mining and ICO have largely flourished due to the developments of blockchain technology. One area that has grown in leaps and bounds is the decentralized finance (DeFi) sector. Decentralized finance has changed the protocols on lending and staking with the sector valued at over $6 ...
Gwallet.Tech: A Hybrid Defi Blockchain Platform

Yield Farming-boosted DeFi Set For New Fields With Old Challenges in 2021

2020 was the year of the DeFi explosion. Having had modest beginnings in 2018 and 2019, decentralized finance really took off this year, with the likes of Maker, Compound and Aave combining to push the total value locked (TVL) into the DeFi space to over USD 16bn. This peak represents a growth of more than 2,000% compared to the size of the DeFi sector on January 1, 2020. The question is: will DeFi have a similarly great 2021, and what will be the main trends in the sector next year? According t...
Yield Farming-boosted DeFi Set For New Fields With Old Challenges in 2021

Gift Ideas For a Very Merry Crypto Christmas 2020

With another bitcoin (BTC) all-time high and Christmas knocking on our wreath-decorated doors, we are reminded that a major aspect of the holiday season is certainly - that’s right – shopping after an impressive bull run in the market this year. Let’s take a look at some interesting crypto-themed and crypto-paid gifts you can get for your loved ones, or for yourself. Or both! Last year, we offered a long and detailed assortment of Christmas gifts, be it the more traditional ones, or modern and u...
Gift Ideas For a Very Merry Crypto Christmas 2020

High Spikes, Higher Jumps, Highest Bulls and 20 Crypto Jokes

In the week of bulls, bitcoin not only touched the USD 20K level, but it shot right past it, and towards USD 23K, and over it. It’s much appreciated (pun intended). As more people are interested in buying BTC and ETH than selling them, Bitcoin bulls and bears listed the reasons why they think the price will rise or drop by 2030, MassMutual's bitcoin purchase might attract fresh billions to the number one crypto, and exchanges reportedly sent more bitcoin transfers worth USD 1m or more in 202...
High Spikes, Higher Jumps, Highest Bulls and 20 Crypto Jokes
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