Mining Blog & Mining News

Mining Blog & Mining News

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A Bitcoin (BTC) mining operator in upstate New York is facing protests from residents who claim the firm is “ruining” an idyllic lake with its gas-powered mining activities. Per NBC News, a resident claimed that “the lake is so warm you feel like you’re in a hot tub.” The body of water in question is Seneca Lake, the largest of the Finger Lakes. Residents claim that the plant is “polluting the air and heating the lake,” the media outlet reported. Groups of disgruntled residents staged a protest...
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There may be fresh hope for the South Korean crypto sector as the ruling Democratic Party launched a crypto task force – with the new body talking in relatively upbeat terms about the industry and the need to “institutionalize” crypto with potentially groundbreaking legislation. Despite the regulatory Financial Service Commission (FSC)’s relatively strict and inflexible position on policing the crypto industry – measures that could leave the nation with just four crypto exchanges in September th...
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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. __ AscendEX Listings: Radix (eXRD) HOPR (HOPR) Bibox Listings: GERA Coin (GERA) BigONE Listings: Invitoken (INVI) Brazillian Stablecoin (BRZ) Bilaxy Listings: Fund Of Yours (FOY) Spacelens (SPACE) PopRater (PPRT) EmiSwap - EmiDao Toke...
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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 For the first time in five weeks digital asset investment products saw inflows, totaling USD 63m last week, according to digital asset investing firm CoinShares, while for the first time in nine weeks, inflows were seen across all individual digital assets - implying a turnaround in sentiment amongst investors. Bitcoin (BTC) sa...
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China appears ready to declare victory in its war with crypto miners – and could be prepared to issue a coup de grace in a bid to banish Bitcoin (BTC) mining from its shores once and for all. Per a report from the Economic Times – republished by the People’s Daily, the mouthpiece of the Chinese state – many miners are taking a “wait-and-see” approach, and are not yet moving abroad to continue their operations. However, the report’s author claimed that the “loose” regulatory networks of nations l...
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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 Major US-based crypto investment company Grayscale Investments said it has sold some existing constituents of its Digital Large Cap Fund and used the proceeds to buy cardano (ADA). At the end of the day on July 1, the Fund Components were a basket of 67.47% bitcoin (BTC), 25.39% ethereum (ETH), 4.26% ADA, 1.03% bitcoin cash (BC...
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The crypto-keen South Korean gaming giant Nexon is continuing to hold its bitcoin (BTC) - even though it has written off some 40% of the money it spent on a groundbreaking USD 100m BTC purchase just months ago as a loss. In an official release, Nexon said that, going forward, it would reassess its reporting of the asset’s worth in its next quarterly earnings report, slated for September this year. This comes as Nexon’s Japanese operations said that it had decided to record just over USD 40m wor...
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If current estimates come true, bitcoin (BTC) mining difficulty is about to see its largest drop in the history of the network, falling to the level not seen in more than a year and improving profit margins of BTC miners at the time when Chinese miners are leaving the industry (or the country) and their western peers are trying to improve their image. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to drop almost 27% in less than a day, as m...
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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 A group of 130 nations, representing more than 90% of global GDP, has agreed to a global minimum tax (GMT) on corporations (a minimum rate of at least 15%), the Organisation for Economic Co-operation and Development (OECD) announced today. The remaining elements of the framework, including the implementation plan in 2023, will be final...
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It’s already July, meaning that the world left another month, quarter and half a year behind, and so did crypto. And what an eventful time it was. A rollercoaster type of eventful. The first quarter was entirely green, with nearly all coins recording triple-digit rises. The second quarter – not so much. Let’s take a quick look back and dive deeper into the month of June, as well as the second quarter and the first half of 2021. January was a very green month for the markets, with barely any coi...
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SBI, the Japanese financial and crypto giant, has reaffirmed its backing of Ripple and its XRP ecosystem – claiming that its XRP Ledger network is a good fit for the non-fungible token (NFT) industry, as well as “other assets.” In a briefing document authored by Yoshitaka Kitao, the SBI CEO and a member of the Ripple board, Kitao hinted that “extremely low transaction fees” on the Ripple network made XRP a better fit for NFT-related transactions than alternatives – presumably including the NFT n...
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A South Korean reality television show that focuses on crypto investors, bitcoin (BTC) enthusiasts and miners has debuted on screens across the nation. The show, which aired for the first time this week on TVChosun, the television arm of the nation’s biggest media groups, Chosun, is entitled Man Using His Wife’s Credit Card (literal translation), Newsis reported. It is presented by Lee Hwi-jae and Park Myung-su, two of the nation’s most popular TV MCs. The first episode featured a celebrity coup...
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Seeking to reduce the carbon footprint of his Bitcoin (BTC) mining operations, as well as cut his electricity bill, Paweł Wojciechowski has reached for photovoltaic (PV) modules to mine the cryptocurrency, using the excess heat to warm the water in his household. Wojciechowski, who runs an IT company in Gniezno, in Poland’s western part, told Polish news site Onet.pl that his Bitcoin mining hardware requires 38 kWh of electricity per 24 hours which boosted his household’s energy use. In comparis...
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _ Regulation news The US Financial Industry Regulatory Authority (FINRA) said it has fined Robinhood, the major online trading platform, USD 57m and ordered the firm to pay approximately USD 12.6m in restitution, plus interest, to thousands of harmed customers. FINRA claims it is the largest financial penalty ever ordered by this authority. "In d...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. The past year has been buzzing with increasing activities in decentralized finance (DeFi) and the blockchain ecosystem as a whole. From a total value locked (TVL) of 500 million USD on March 12 (the much talked about Black Thursday), DeFi has grown tremendously to become one of the most significant forces behind the cryptocurrency bull run of 2020/21. At the time of writing this piece, TVL in DeFi stands at ove...
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Only some 12% of surveyed investors find Tesla's CEO Elon Musk's tweets helpful, while nearly 60% think he wields too much power, found a recent survey. Meanwhile, his mother announced an update to the non-fungible tokens (NFTs) to be sold on a Binance Smart Chain (BSC)-powered exchange. While much has been said about Tesla's chief and his ability to move the markets with even his simplest or memest of tweets, a survey of more than 1,100 respondents from the US conducted by financial markets pla...
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El Salvador government officials said that the bitcoin (BTC) they plan to give away in forthcoming airdrops is for spending, not for converting into USD via crypto ATMs. Per ElSlavador.com, the website of the El Diario de Hoy newspaper, the government, spurred on by the bullishly pro-crypto President Nayib Bukele, is forging ahead with a USD 120m plan to distribute USD 30 worth of BTC to every Salvadorian who downloads a new state-issued crypto wallet. The smartphone-based app, Chivo, is likely ...
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The price of crypto mining hardware is plummeting in China, with reports of mining rigs selling “like scrap metal” on the Mainland as Crypto Crackdown 2.0 is forcing local mining companies to close down. Per Odaily, as well as Epoch Times and a report from the broadcaster NDTV, mining hardware prices have fallen by as much as 50% since April. The glut of second-hand machines being put up for sale is reportedly the main reason why Bitmain, the Chinese mining hardware giant, late last week halted ...
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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 Crypto exchange Huobi has suspended crypto derivatives trading for customers in China, according to the updated user agreement. The derivative trading services are also prohibited for users in Taiwan, Israel, Iraq, and the UK (for retail users), among others, in addition to users in the US, Canada, Hong Kong, Japan, and certain o...
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The adoption of legislation in El Salvador that could help foster the further development of bitcoin (BTC) as a store of value and medium of exchange in the country is one of the most important developments in the entire history of cryptocurrencies. This is the closest a country has ever come to adopting a bitcoin standard. That said, the US dollar is likely to remain the major unit of account in El Salvador for some time. Some critics have said the promotion of a bitcoin standard by El Salvador...
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Criminals have hatched a fiendish plan to help them build up their token portfolios – by stealing graphics cards from PCs in South Korean “love hotels,” motels that cater to couples craving physical intimacy. Love hotels can be found all over South Korea and across the sea in Japan – and provide short-term accommodation to young, mostly unmarried couples, although older couples often conduct their out-of-wedlock affairs at the same institutions. These motels are big on anonymity – many only acce...
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The Tesla boss and former bitcoin (BTC) man-of-the-moment Elon Musk has become the talk of the crypto town again after a typically strange, BTC-themed exchange with the Twitter boss and bitcoin bull Jack Dorsey on the latter’s social media platform. Musk was the darling of the BTC community for much of the first half of the year, but the mood has soured somewhat after Tesla first sold some of its BTC holdings and then rocked the market by expressing concerns over the network’s reliance on high-e...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. When entering the market, developing strategic partnerships is crucial to building brand credibility. Adding to the list of partnerships and collaborations, ADAX has now welcomed Bitcoin.com co-founder Mate Tokay to its team as a strategic advisor and investor. This collaboration came shortly after ADAX shook hands with Charli3, another major player in the Cardano ecosystem. About Mate: Mate Tokay is an influ...
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The most popular cryptocurrency, bitcoin (BTC), will become legal tender on September 7 and will be optional for those who don't want to receive it, El Salvador's President Nayib Bukele said in a national address yesterday. He stressed that BTC will help to create new jobs, bring investments, and accused opponents of a "dirty campaign" against BTC and him, who are trying to "confuse" Salvadorans by "lying" and "create fear where there is no problem." Bukele reiterated that if someone receives pa...
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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 Bitcoin (BTC)-focused financial services firm NYDIG, and Q2 Holdings, a provider of digital transformation solutions for banking and lending, today announced they will collaborate to provide the more than 18.3m registered users on the Q2 platform with the ability to buy, sell and hold BTC. Q2’s digital banking platform currently p...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. SafeEarth creates access to DeFi and at the same time, helps restore the world’s ecosystem and help humanity through collaborating with the most impactful projects. 25th June 2021, London, England Users of SafeEarth can enjoy the benefits offered by DeFi whilst preserving the delicate balance of the world. Today, the project announces it has successfully issued donations in excess of 200,000 USD to various user...
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The frontrunner in the race to become the Mayor of New York has vowed to make the Big Apple “the center” of Bitcoin (BTC) within the space of a year if he is elected. In a speech to supporters yesterday, the leading candidate, Eric Adams, said, “I’m going to promise you in one year, you’re going to see a different city. We’re going to bring businesses here. We’re going to become the center of life science, the center of cybersecurity, the center of self-driving cars and drones, the center of bi...
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Chinese crypto miners are reluctantly calling it a day – with reports of miners nationwide shuttering their operations, going offline, and either selling their equipment for reduced prices or relocating overseas. The alacrity of Middle Kingdom’s Crypto Crackdown 2.0 has blindsided many, although there were warning signs in some areas earlier this year, particularly when central authorities began taking regions to task over their carbon emissions records – with fingers pointed at the mining indus...
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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 Spain’s National Court has approved the extradition of detained antivirus software entrepreneur John McAfee to the United States, where he is wanted on tax-related criminal charges that carry a prison sentence of up to 30 years, AP reported. The decision can be appealed and the final extradition will need to be approved by the Spani...
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Major producer of Bitcoin (BTC) mining equipment Canaan announced it has moved beyond its existing business model and into becoming miners themselves, as "the logical next step" towards optimizing their revenues, strengthening the inventory management and supply chain capabilities, as well as accumulating BTC. Canaan is "driving their own crypto-mining business in Kazakhstan with their latest Avalon Miner units already in operation," the company said in the emailed press release today. This way,...
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