Mining Blog & Mining News

Mining Blog & Mining News

If Traditional Finance Moves to CBDCs, 2 Scenarios Open for DeFi - INDX CEO

Traditional finance can't escape decentralized finance (DeFi). The former's move into digital currencies is bound to impact both, producing two main possible scenarios, according to Jonathan DeCarteret, CEO of tokenized crypto fund INDX Capital. DeFi is light years ahead of traditional finance, but are banks going to catch up at some point, or will they become nearly obsolete? DeCarteret finds that this question is tightly connected to the emergence of central bank digital currencies (CB...
If Traditional Finance Moves to CBDCs, 2 Scenarios Open for DeFi - INDX CEO

(Un)Surprising Results Of Bitcoin's 3 Year Journey From One ATH to Another

Bitcoin (BTC) has gotten far in just three years since its previous all-time high, breaking technological, psychological, and adoption barriers along the way, so we've checked the exact numbers and compared today's to the previous all-time high in 2017 - and some results may be somewhat unexpected. While most values below (including the price) are 30-day average, looking at the all-time-high values is not as clear-cut. The reason is, as we previously discussed, that there simply isn'...
(Un)Surprising Results Of Bitcoin's 3 Year Journey From One ATH to Another

Regulatory Crypto Primer, NiceHash Reimburses BTC 4.6K Hack Victims + 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. Regulation news The US Commodity Futures Trading Commission (CFTC) released a Digital Assets Primer today. The focus of this primer is broader to include not only virtual currency, but also smart contracts and other digitized representations of value or ownership, they said. It also identifies areas and topics for further consideration, including...
Regulatory Crypto Primer, NiceHash Reimburses BTC 4.6K Hack Victims + More News

Several Major Bullish News For Bitcoin and Ethereum + More

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 One River Asset Management, a hedge fund specializing in volatility bets, has already invested over USD 600m in cryptoassets and has commitments that will bring its holdings of bitcoin (BTC) and ethereum (ETH) to about USD 1bn as of early 2021, Bloomberg reported, citing CEO Eric Peters, who joined forces with prominent investor Al...
Several Major Bullish News For Bitcoin and Ethereum + More

The Big Comeback of 2020: Bitcoin Revisits USD 20,000

It finally happened on December 16th, 2020. The most popular cryptocurrency, bitcoin (BTC) just revisited the USD 20,000 level on multiple exchanges for the first time since December 17th, 2017, when it touched USD 20,089. At pixel time (13:49 UTC), BTC trades at more than USD 20,150 on Binance, HitBTC, Coinbase Pro, and Bitstamp. After crashing to almost USD 3,000 in December 2018, BTC started its series of hitting all-time highs (ATH) only in November this year, almost touching USD 20,000 on t...
The Big Comeback of 2020: Bitcoin Revisits USD 20,000

Japan’s Biggest Crypto Bull SBI Makes M&A Charge in UK Liquidity Firm Deal

Japanese banking and securities giant SBI Holdings has had a bullish year in crypto – and it isn’t done with 2020 yet. The firm has announced its first meaningful overseas crypto acquisition deal, snapping up the UK-based crypto liquidity provider and brokerage B2C2 for an undisclosed sum. In a press release, SBI Financial Services, a subsidiary of parent company SBI Holdings, claimed it had sealed the deal to make it the “world’s first financial conglomerate to open a cryptocurrency dealing des...
Japan’s Biggest Crypto Bull SBI Makes M&A Charge in UK Liquidity Firm Deal

CryptoWars Is An Ideal Combination of Gaming and Liquidity Mining

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Decentralized finance (Defi) has сaused a mighty furor recently. Users have forgotten almost about everything while searching for money earning opportunities. Fortunately, the CryptoWars decentralized platform has created a wonderful solution that allows efficient and entertaining gamification of liquidity mining. Does it sound too complicated? Not even! Have you ever thought about an ideal combination of gami...
CryptoWars Is An Ideal Combination of Gaming and Liquidity Mining

Italian Banking Giant Enters Bitcoin, Mt. Gox Rehabilitation + 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 Another banking giant has entered the crypto custody fray, with Italy’s Banca Generali set to offer bitcoin (BTC) custody to its customers. In a press release, the bank, which has over USD 79bn in assets and caters primarily to wealthy clients looking to safeguard their fortunes, has sealed an agreement with a crypto and fintech firm...
Italian Banking Giant Enters Bitcoin, Mt. Gox Rehabilitation + More News

Ethereum 2.0 Has Another Mystery - Taxes

As ethereum (ETH) holders are now learning how to stake their tokens and earn interest along the way, there is one question they’ll eventually need to ask, and hope there is a clear answer by then. Yes, it’s taxes. And the only thing that’s clear is that there’s no regulatory clarity on how ETH stakers will be taxed (at least in the US). Shehan Chandrasekera, Certified Public Accountant (CPA), Head of Tax Strategy at CoinTracker, a cryptoasset portfolio tracker and tax calculator, said even the...
Ethereum 2.0 Has Another Mystery - Taxes

Bitcoin Bulls and Bears List Reasons Why Price Will Rise or Drop by 2030

The majority of the respondents surveyed by hashpower provider Genesis Mining remain bullish on bitcoin (BTC)'s long-term future, listing their reasons for believing so, including bitcoin adoption potential, security, and previous price rise. Also, nearly 20% of the participants said they're bearish on BTC's value, and these bears have their reasons too, the largest of which is, you guessed it, regulation. The provider surveyed 1,000 bitcoin investors on the coin's future. Perc...
Bitcoin Bulls and Bears List Reasons Why Price Will Rise or Drop by 2030

Billionaire Turns to Bitcoin Mining To Help His Troubled Business

The Ukrainian oligarch and former Dnipropetrovsk Oblast governor Ihor Kolomoisky had reportedly launched a crypto mining operation at a troubled steel processing factory in the United States – and he may only just be getting started. Per Radio Liberty, “current and ex-employees” of the plant, CC Metals & Alloys (CCMA), located in Kentucky, has switched off its furnaces – once used to produce alloys such as ferrosilicon. But the report’s authors and its anonymous sources claim that the plant’...
Billionaire Turns to Bitcoin Mining To Help His Troubled Business

Venezuelans Use Blockchain Tech in Unofficial Anti-Maduro Referendum

Millions of Venezuelans have reportedly taken to a blockchain-powered platform and the crypto community’s favorite chat app to vote in an unofficial referendum. The poll was orchestrated by Venezuela’s opposition leader Juan Guaidó, a politician who has been championed by the United States. Guaidó boycotted recent parliamentary elections claiming widescale fraud. The elections were heavily criticized by Western governments and saw the ruling Nicolás Maduro regime finally take control of the Nati...
Venezuelans Use Blockchain Tech in Unofficial Anti-Maduro Referendum

Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Chainlink Price Predictions for 2021

2020 may be a hard act to follow for the cryptoasset market. Beginning on January 1 with a total market capitalization of around USD 190bn, the entire market has grown over USD 560bn in December. This increase has unsurprisingly been paralleled by the performances of individual cryptoassets, with bitcoin (BTC) rising around 150% over the same time frame, and with ethereum (ETH), XRP and chainlink (LINK) rising by around 330%, 190% and 590%, respectively. Assuming that the above coins simply rep...
Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Chainlink Price Predictions for 2021

Crypto Exchanges to Spend 2021 Focusing on DeFi, UX, and New Services

After cryptoassets themselves, exchanges are arguably the most important part of the crypto ecosystem. Without exchanges, individuals would have fewer means for buying and selling crypto, which in turn wouldn’t benefit from the impressive price rises that have driven so much investment into the space in 2020. But while 2020 has been a pretty good year for exchanges, what can we expect from them in 2021? According to various trading platforms speaking with Cryptonews.com, we’re likely to see a nu...
Crypto Exchanges to Spend 2021 Focusing on DeFi, UX, and New Services

Remarks to The Federalist Society’s Capital Conversations - Hester M. Pierce

This is a speech by Hester M. Peirce, pro-crypto commissionaire at the US Securities and Exchange Commission (SEC), given to the Federalist Society on December 10, 2020. Thank you, Dean [Reuter]. I have to start with my standard disclaimer, which is that my views represent my own views and not necessarily those of the Securities and Exchange Commission or my fellow Commissioners. Last week, the nation lost economist Walter Williams. Dr. Williams, in addition to his academic research, spent his ...
Remarks to The Federalist Society’s Capital Conversations - Hester M. Pierce

Short-lived Bitcoin Trap, Ethereum on Wordpress, IOTA's Drama + 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 It appears that large traders, whales, and institutions that accumulated bitcoin (BTC) around USD 10,000 levels decided to take profits during this rally, while retail traders mostly kept adding to their positions during the price surge, OKEx said in their latest report. The result of this could be that retail traders will be trapped...
Short-lived Bitcoin Trap, Ethereum on Wordpress, IOTA's Drama + More News

New Regulatory Lemons Await Somewhere Between DeFi & CeFi

While local and global regulators are yet to target the nascent DeFi (decentralized finance) world, some industry players warn that the interaction between DeFi and CeFi (centralized finance) sectors will bring even more unanswered questions. There is a constant interaction between the DeFi and CeFi worlds, e.g., industry players are taking loans from centralized institutions and then interacting with (more or less) decentralized projects. “Who is responsible in case there is an issue with the ...
New Regulatory Lemons Await Somewhere Between DeFi & CeFi

Business Giants Invest USD 60m in Blockchain-powered Payment Firm Chai

A group of South Korean and Japanese business giants including Hanhwa Investment & Securities, SoftBank and SK have joined more established blockchain investors to complete a Series B investment round worth over USD 60m in South Korean firm Chai, the provider of a blockchain-powered payment gateway. Chai completed a USD 15m Series A in February this year. The firm is a partner of stablecoin issuer Terra, and makes use of Terra’s blockchain and stablecoin offerings to, it claims, offer lower ...
Business Giants Invest USD 60m in Blockchain-powered Payment Firm Chai

The Case For Investing In Crypton (CRP) Cryptocurrency, A Private Coin Of The Utopia Ecosystem

Disclaimer: The text below is a press release that was not written by Cryptonews.com. At a time when bitcoin is trading near historical all-time highs, investors are scrambling to find the next big idea in the cryptocurrency universe. Certainly, there is no lack of options for investors to choose from but investors are encouraged to take a close look at the Crypton (CRP) cryptocurrency because of its many unique advantages. What Is Crypton? Crypton is considered to be one of the most recent impo...
The Case For Investing In Crypton (CRP) Cryptocurrency, A Private Coin Of The Utopia Ecosystem

JPMorgan's Coin In Action, ECB Money Printer Heats Up, Metamask in DeFi + 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 US-based major investment bank JPMorgan said it completed a live, blockchain-based intraday repo transaction between JPMorgan’s broker dealer and banking entity, using an in-house developed blockchain application which supported "instantaneous settlement" and maturity of the transaction in hours, as opposed to days. Both collateral a...
JPMorgan's Coin In Action, ECB Money Printer Heats Up, Metamask in DeFi + More News

DeFiChain Announces Yield Farming Launch and DEXember 100X Promotion

Disclaimer: The text below is a press release that was not written by Cryptonews.com. London, December 09, 2020 — DeFiChain, a blockchain specifically dedicated to decentralized financial applications, has today announced the official launch of liquidity mining (known also as yield farming) on their decentralized exchange – DeFiChain DEX. As a promotion to introduce the yield farming launch, DeFiChain has also launched the DEXember campaign – providing a full month of bonus liquidity mining rew...
DeFiChain Announces Yield Farming Launch and DEXember 100X Promotion

Power Substation Burns out as Abkhazia Bitcoin Mining Woes Worsen

Abkhazia’s crypto mining-related mayhem is hitting melting point – literally – with a power substation overheating and finally burning with legit and illegal miners alike refusing to slow down their efforts. As previously reported, anarchic scenes have become commonplace in the de facto South Caucasus state, with the parliamentary speaker recounting the tale of a group of villagers who took the law into their own hands, turfing out miners. Blackouts and brownouts have brought entire communities ...
Power Substation Burns out as Abkhazia Bitcoin Mining Woes Worsen

Taproot, One Of Bitcoin's Biggest Upgrades May Be Coming Next Year

Taproot, one of the most anticipated Bitcoin (BTC) upgrades, and its largest alteration since 2017, expected to improve privacy, scalability, flexibility, and speed of the network - may be coming in a matter of months. Pierre Rochard, Bitcoin evangelist and strategist at crypto exchange Kraken, suggested that the next year is the one to look forward to for all those waiting to see this protocol upgrade. Taproot activation is probably going to happen in 2021.Bitcoin 2.0 https://t.co/xi8CAvfThA— ...
Taproot, One Of Bitcoin's Biggest Upgrades May Be Coming Next Year

Back to Bits – Bitcoin OG Says It’s Time to Say Sayonara to Satoshis

A leading cryptographer, the inventor of hashcash, which is used in the Bitcoin (BTC) mining process, says it is time to call time on satoshis, the units that make up a bitcoin. With BTC prices soaring sky-high in recent weeks, the CEO of the blockchain technology firm Blockstream, Adam Back, has taken to Twitter (where else?) to opine that satoshis (or sats for short) have had their day. “Bitcoin is too expensive, but sats are too many, sound cheap and confusing.” Back, who was one of the first...
Back to Bits – Bitcoin OG Says It’s Time to Say Sayonara to Satoshis

Venezuela Paying Iranian, Turkish Companies in Bitcoin – Report

With crypto prices still sky-high, it appears that Venezuela’s ruling Nicolás Maduro administration has been looking to make hay while the sun shines – and is already starting to pay companies in Turkey and Iran in bitcoin (BTC), making use of a large state-owned stash of BTC and ethereum (ETH), with crypto prices still soaring. Per a report from Spanish publication RunRun.es, unnamed “sources at the Central Bank of Venezuela” have stated that “payments to companies from allied countries such as...
Venezuela Paying Iranian, Turkish Companies in Bitcoin – Report

CCB-backed Blockchain-powered Bond Issuance Saga Takes a New Turn

There appears to have been another twist in the tale of the China Construction Bank (CCB)’s Malaysian branch and its aborted launch of blockchain-powered bonds that were set to be tradeable for bitcoin (BTC) via a Hong Kong-based exchange. Just weeks after CCB pulled the plug on the issuance at the eleventh hour – seemingly in a move to distance itself from crypto, which is all but illegal in China – the bank’s Malaysian operation appears to be gearing up to back a new, similar launch. Per Chine...
CCB-backed Blockchain-powered Bond Issuance Saga Takes a New Turn

OMG Rallies as OMG Network Sold To a New Owner

The OMG Network – operator of the Ethereum (ETH)-based OMG token (formerly OmiseGo) – has a new owner, news that has sent the token’s price up by almost 8% in the past 24 hours. At pixel time (09:21 UTC), OMG, ranked 43rd by market capitalization on Coinpaprika, trades at USD 4.05 and is up by almost 8% in a day and 16% in a week. The price rallied by 44% in a month and 462% in a year. In an announcement, GBV, which describes itself as a full-service investment company working with Genesis Block...
OMG Rallies as OMG Network Sold To a New Owner

Aave's Second Version, New Bitcoin Mining Pool in North America + 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. DeFi news Decentralized finance (DeFi) platform Aave has announced today that Aave V2 is live on mainnet. The new version brings the ability to trade for free assets that are used as collateral; the ability for users to close their loan positions by paying directly with their collateral in 1 transaction; and upgrades to flash loans, among other m...
Aave's Second Version, New Bitcoin Mining Pool in North America + More News

PayPal CEO Sees 'The Entire World' Going 'Digital First' + 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. Crypto adoption news PayPal CEO Dan Schulman said the use of digital currencies is set to go mainstream as more merchants take a "digital first" approach to payments, Bloomberg reported. "The entire world is going to come into digital first," the CEO said, adding that he sees his biggest competitor as Ant Financial, China’s largest mobile-paymen...
PayPal CEO Sees 'The Entire World' Going 'Digital First' + More News

Bitcoin Rewards "Farming" Is Coming

As US-based major crypto lending and trading company BlockFi just announced another bitcoin (BTC) rewards card, it seems that BTC spenders might be able to “farm” their rewards by combining already existing solutions. Somewhat, it would be similar to what DeFi yield farmers are already doing by moving their tokens between different lending protocols to maximize their returns. Yesterday, BlockFi made a splash with its announcement for a new co-branded Bitcoin Rewards Credit Card with Visa, which...
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