Mining Blog & Mining News

Mining Blog & Mining News

EU Seeking Blockchain Defense Solutions + 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. Blockchain news The European Commission is looking for solutions that drive innovation and adapt technologies for civil and defense purposes, including blockchain concepts. Per a European Defense Industrial Development Programme (EDIDP) tender dated March 24, small-to-medium enterprises (SMEs) are called to offer their innovative ...
EU Seeking Blockchain Defense Solutions + More News

Japanese Investors Taking Advantage Of Bitcoin Sell-Off - Exchange

Despite what some may have thought, it appears that the latest sell-off in bitcoin has not scared away retail investors quite yet, new data from one Japanese crypto exchange suggests. According to a blog post by Yuya Hasegawa, market analyst at the Japanese crypto exchange bitbank, the number of new account registrations on their platform rose by about 40% compared to the 2020 average the week after the major crypto market crash on March 12. And not only did the number of new account openings r...
Japanese Investors Taking Advantage Of Bitcoin Sell-Off - Exchange

Bitcoin Mining Difficulty Sees Historic Drop, Even Larger Might Be Coming

After the second-largest Bitcoin (BTC) mining difficulty drop, the next one might be even bigger and provide even stronger relief to miners. As predicted, Bitcoin mining difficulty (a measure telling us how hard it is to compete for mining rewards) has just dropped - but instead of 5.8% estimated six days ago, it dropped 15.95%. This is the second-largest drop in its history. It now stands at 13.91 T, compared with 16.55 T recorded on March 9 when both BTC mining difficulty and hashrate hit new...
Bitcoin Mining Difficulty Sees Historic Drop, Even Larger Might Be Coming

Bitfinex, Bybit Launch New Products, CoinDCX Raises USD 3m + 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. Exchanges news Bitfinex has launched a proprietary surveillance tool, dubbed Shimmer, in order to combat market abuse and help promote orderly trading on the exchange, says the press release. This market alert and reporting tool that was designed to operate with Hive, Bitfinex’s distributed matching engine, is meant to identify an...
Bitfinex, Bybit Launch New Products, CoinDCX Raises USD 3m + More News

USD 722m BitClub Ponzi Suspects Ask for Release amid Coronavirus Fears

Two men accused of setting up the BitClub Network, a cryptocurrency mining Ponzi scheme that allegedly duped thousands of investors out of USD 722 million, have petitioned a New Jersey federal judge to release them from a county jail – as they fear they could contract the coronavirus if they are not freed. Matthew Brent Goettsche and Jobadiah Sinclair Weeks have asked the court to let them out of the Essex County Correctional Facility in Newark, New Jersey, ahead of their fraud trials, reports L...
USD 722m BitClub Ponzi Suspects Ask for Release amid Coronavirus Fears

Russian Economy Ministry ‘Wants to Legalize Crypto’ in Sandboxes

Russia could be set to legalize cryptocurrencies for companies and investors operating in new, industry 4.0-friendly regulatory sandboxes. Per news outlet Izvestia, the country’s Ministry of Economic Development wants to add a range of new provisos to sandbox-related legislation submitted last week to the State Duma, the country’s parliament. The ministry wants to create a “satellite” bill of exemptions from existing regulations on data gathering, autonomous vehicles and cryptocurrency usage, as...
Russian Economy Ministry ‘Wants to Legalize Crypto’ in Sandboxes

Crypto Exchange Remitano Promises 50% Fee Refund on Slow Transactions

Disclaimer: The text below is a press release that was not written by Cryptonews.com. In an effort to continuously create a reliable trading environment for users to conduct their businesses, popular crypto exchange Remitano will be offering a 50% refund on fees for all slow transactions. Transaction speed is a critical factor when conducting transfer in the crypto space, as this is often the determining factor of making a profit or loss. The slowe the transaction, the bigger the slippage may ...
Crypto Exchange Remitano Promises 50% Fee Refund on Slow Transactions

Devastation, Mitigation, Migration, Stabilization and 20 Crypto Jokes

Another adventurous crypto week. Did you have fun? BTC once again saw heavy selling on Monday, after the news that the Fed was taking emergency measures to mitigate the financial devastation, Coin Metrics found that it's the short-term traders again who have been driving the most recent sell-off, and interest in Bitcoin futures dropped amid discussions of financial market closure. But then, Bitcoin rallied on Thursday, while Chainalysis says that BTC oversupply issue is solved and the price ...
Devastation, Mitigation, Migration, Stabilization and 20 Crypto Jokes

Good News For Crypto Traders in the U.S. as IRS Extends Tax Deadline

The tax deadline in the USA has been extended due to the Covid-19 outbreak, and this concerns crypto as well. The U.S. Treasury Department and Internal Revenue Service (IRS) have issued guidance extending the tax deadline 2020 for all individual and other non-corporate tax filers with up to USD 1 million in owed federal income tax (self-employment tax included), from April 15 to July 15, without penalties or interest, says the press release. Corporate taxpayers get a similar deferment of up to U...
Good News For Crypto Traders in the U.S. as IRS Extends Tax Deadline

Another Venezuelan Bitcoin Spike as Banks Struggle + 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. Adoption news Peer-to-peer (P2P) bitcoin (BTC) trading appears to be on the rise in Venezuela after the country’s president Nicolás Maduro imposed strict coronavirus quarantine measures on the nation, with banks struggling to cope under the weight of financial pressure – already high in the country due to United States-led sanctio...
Another Venezuelan Bitcoin Spike as Banks Struggle + More News

Relief to Bitcoin Miners as Difficulty Set For Largest Drop in Five Months

Bitcoin (BTC) mining difficulty is now estimated to drop in six days, offering relief to miners, squeezed by the market crash and the current record-high mining difficulty. The next adjustment will see the difficulty, a measure that shows how hard it is to compete for mining rewards, go down by 5.8%, which is the largest drop seen in almost five months - since -7.10% recorded on November 8, 2019, according to major Bitcoin mining pool BTC.com estimations. Ten days ago, it estimated that the min...
Relief to Bitcoin Miners as Difficulty Set For Largest Drop in Five Months

4 Financial Giants Launch Blockchain-Based Tech Platform + 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. Adoption news Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange, and Natixis Investment Managers have announced a joint launch of FundsDLT, a blockchain-based technology platform for the investment fund industry. Per the press release, the four financial institutions announced a Series A investment in Fund...
4 Financial Giants Launch Blockchain-Based Tech Platform + More News

Could the Russian Central Bank Try to Ban Bitcoin Mining?

Cryptocurrency enthusiasts and business insiders have reacted with alarm to a recent interview given by the head of the central Bank of Russia’s legal department hinting that cryptocurrencies could be outlawed in the country – leading to a possible block on Bitcoin (BTC) and altcoins mining. Recent comments made by the central bank legal chief Alexei Guznov could have far-reaching consequences for cryptoassets in Russia. Guznov suggested that the Bank of Russia remains strongly opposed to crypto...
Could the Russian Central Bank Try to Ban Bitcoin Mining?

How Will Bitcoin Halving Affect Its Security?

Bitcoin (BTC) is the most secure cryptocurrency with the most secure blockchain, remind the legions of Bitcoiners who argue that the cryptocurrency's increasing hashrate is enough to ensure that it never succumbs to a 51% attack. However, skeptics argue that Bitcoin's halving block rewards put this much-fabled security at risk. By reducing the quantity of new BTC given to those who mine the cryptocurrency, there will be less financial incentive to maintain the Bitcoin network's high ...
How Will Bitcoin Halving Affect Its Security?

Attempts to Increase Bitcoin's Supply Would End Up With Another "Bitcoin"

Bitcoin's supply cap is one of its biggest selling points. Limiting the network to almost 21 million BTC, the cap makes Bitcoin a ‘deflationary’ currency. Naturally, people have been questioning whether it might be possible to remove this cap. In theory, by simply submitting a pull request to Bitcoin Core's GitHub, a hosting service that is most often used for code, repository, a developer could potentially have the cap's removal introduced into a future version of Bitcoin. But accor...
Attempts to Increase Bitcoin's Supply Would End Up With Another

Crash! Boom! Bang! and 20 Crypto Jokes

What an eventful, volatile week this has been. After Bitcoin mining difficulty and hashrate hit new highs, Bitcoin dropped suddenly to January lows, with altcoins suffering major losses, and then it crashed to USD 5,000 levels, and crypto exchanges had to make emergency moves to deal with disrupted transactions. Meanwhile, analysts said coronavirus fears impacted the price when it dropped first, while some traders believed that PlusToken might’ve been behind this, which still has BTC 61,229 undi...
Crash! Boom! Bang! and 20 Crypto Jokes

Exclusive: 10 Crypto Minds Weigh in On Post-Crash Bitcoin and Its Future

As investors are looking for safety in cash, can bitcoin (BTC) become more attractive than cash? How low might BTC go and how long will this downturn last? What to watch for before making an investment decision in the nearest future? What can we expect from institutional investors and what are the long term perspectives for bitcoin? We asked industry players to share their insights on this. Here's what they said. Bitcoin vs cash Despite cash is now emotionally more comfortable than bitcoin, ...
Exclusive: 10 Crypto Minds Weigh in On Post-Crash Bitcoin and Its Future

Post-crash Hopium: Bitcoin Bulls Look for Light in the Dark Tunnel

Things are not as grim as they seem, find many hardcore Bitcoiners. Sure, the situation is bad currently, but it's just a period that has its end, at that end await more investors, and the entire situation should be used to buy more bitcoin (BTC), they say. Good for gold and bitcoin Anthony Pompliano, co-founder and partner at digital asset management firm Morgan Creek Digital, said in a blog post yesterday that "both gold and bitcoin should do incredibly well during this time period." He e...
Post-crash Hopium: Bitcoin Bulls Look for Light in the Dark Tunnel

Bitcoin at USD 6K: Panic Selling, Altcoins Bleeding, Long-Term Bulls Still Positive (UPDATED)

The downturn in the crypto market just accelerated, but the long-term bitcoin (BTC) outlook seems intact. (Updated at 13:45 UTC: Updates throughout the entire text) As of press time on Thursday (13:43 UTC), bitcoin traded at USD 6,387, down 19% over the past 24 hours. The move occurred amidst erratic trading in digital assets, with the price reaching as low as the USD 5,500 level before recovering. BTC is also down 39% in a month, trimming its annual gains to 55%. The significant slump in bitco...
Bitcoin at USD 6K: Panic Selling, Altcoins Bleeding, Long-Term Bulls Still Positive (UPDATED)

Crypto Startup CEO, Attendee of Ethereum Conferences Diagnosed With Coronavirus

Zhen Ju Yong (Zen), CEO and Co-Founder of Singapore-based distributed private key management solution, Torus Labs, said he has been diagnosed with Covid-19 virus and is currently staying at an isolated ward in a hospital. "I fell ill yesterday and have just been diagnosed with" Covid-19, writes Zen today. He felt the symptoms commonly associated with this novel virus two nights ago, including fever, coughing, a runny nose, and shortness of breath. Zen said he is currently settled "quite nicely" ...
Crypto Startup CEO, Attendee of Ethereum Conferences Diagnosed With Coronavirus

Bitcoin Hashrate, Mining Difficulty Hit New Highs and Inefficient Miners

As Bitcoin (BTC) mining difficulty and hashrate hit new highs, less efficient miners, hurt by the virus outbreak, new-generation rigs, and falling BTC prices, may be out of business. Bitcoin mining difficulty, a measure that shows how hard it is to compete for mining rewards, has hit yet another record. According to the major Bitcoin mining pool BTC.com, it climbed to 16.55 T today, never being outside the 15 T range before. This was a rise of 6.88%. It follows a 0.38% drop in mining difficult...
Bitcoin Hashrate, Mining Difficulty Hit New Highs and Inefficient Miners

Silver Lining for Bitcoin Amid Global Market Panic, Altcoins Purge Estimated

As global stock markets saw massive sell-offs overnight, cryptoassets also fell sharply, with both bitcoin (BTC) and ethereum (ETH) recording double-digit losses over this past weekend. However, some industry observers claim that crypto’s mainstream moment as a utility may finally be here, but early-stage projects with limited adoption might become ghostowns. As of press time on Monday (08:45 UTC), bitcoin slightly recovered and is down by 8.6% to a price of USD 7,998, while ETH is down by 9.5% ...
Silver Lining for Bitcoin Amid Global Market Panic, Altcoins Purge Estimated

Could These XRP Alternatives Threaten Ripple?

Depending on who you ask, XRP is either an innovative implementation of blockchain technology with impactful real-world use or a skillfully crafted get-rich scheme for Ripple, the company behind the technology. Let’s play a bit and explore a few potential XRP alternatives that could threaten Ripple’s position. Moreover, Brad Garlingnhouse, CEO of Ripple, admitted recently that the company would be unprofitable without XRP sales. Ripple has managed to garner support from a wide range of financia...
Could These XRP Alternatives Threaten Ripple?

China to Build Another Blockchain Special Zone + 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. Adoption news The government of Hunan Province, China, will create a blockchain special zone in an industrial park, reports Chinese media outlet VOC. The media outlet says it has learned that the central Ministry of Industry and Information Technology has approved the construction in Wanbao, a small rural town on the outskirts of ...
China to Build Another Blockchain Special Zone + More News

Power Plant Mines BTC 5.5/day, Secures 'Unique Position' Ahead of Halving

The Greenidge Generation plant in New York’s Finger Lakes region can mine about 5.5 bitcoins per day (USD 50,000) after its operator installed some 7,000 mining machines in recent months, Bloomberg reported. The machines work off so-called "behind-the-meter" power, which makes it "extremely low cost," the report said, without specifying. The server farm consumes about 15 megawatts of the 106 megawatts of capacity that the plant produces, it added. Moreover, the power plant estimates that its cr...
Power Plant Mines BTC 5.5/day, Secures 'Unique Position' Ahead of Halving

Investors Sue Bitcoin Mining Giant Canaan; Shares Crashed 48% in 3 Months

A securities class action lawsuit has already been filed against the second-largest producer of Bitcoin (BTC) mining equipment, China-based Canaan (CAN). Meanwhile, the price of its shares dropped by almost 50% since the trading begun in November. In their press release, investor rights law firm Rosen Law Firm says that they filed the lawsuit on behalf of purchasers of the securities of Canaan during their initial public offering (IPO) held in November 2019. Canaan investors stated that they wer...
Investors Sue Bitcoin Mining Giant Canaan; Shares Crashed 48% in 3 Months

Chinese University to Offer Undergrad Blockchain Degree + 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. Adoption news A university in Chengdu, China, will launch the nation’s first Blockchain Engineering department, offering China’s first-ever undergraduate courses in blockchain technology. Per China News, the Chengdu Information Engineering University, in China’s Sichuan Province, has received the green light to offer the courses f...
Chinese University to Offer Undergrad Blockchain Degree + More News

XRP Trades Lower While Ripple CEO Slams Bitcoin and Ethereum

XRP, the token associated with the California-based fintech firm Ripple, is down 1% today, while other major coins dropped 1%-4% today, despite good news from India. At pixel time (13:00 UTC), XRP trades at c. USD 0.233 and is also down 4.9% in a week, increasing its monthly losses to 7.5%. The price is down 25% in a year. XRP price chart: Today’s trading came after Ripple’s CEO Brad Garlinghouse took to Twitter yesterday to once again slam Bitcoin (BTC) and Ethereum (ETH), saying that mining of...
XRP Trades Lower While Ripple CEO Slams Bitcoin and Ethereum

How Will Bitcoin Cash's Halving Affect the 4th Largest Network?

Bitcoin Cash (BCH), the fourth largest crypto network by market capitalization, is halving in April. Yes, much like its bigger brother, the Bitcoin-forked cryptocurrency will be cutting the block rewards it dispenses to miners by 50%, from BCH 12.5 (USD 4,073) to BCH 6.25. But according to a variety of industry players, Bitcoin Cash's halving may not have much of an effect on its price. Still, there's likely to be changes to Bitcoin Cash's hashrate, or the computing power of the netw...
How Will Bitcoin Cash's Halving Affect the 4th Largest Network?

Beyond the Law Star Steven Seagal Settles With SEC + 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. Legal news The U.S. Securities and Exchange Commission (SEC) settled charges against actor Steven Seagal (known for Beyond the Law, The Glimmer Man, etc.) for failing to disclose payments he received for promoting an investment in an initial coin offering (ICO) conducted by Bitcoiin2Gen (B2G). The SEC's order finds that Seagal...
Beyond the Law Star Steven Seagal Settles With SEC + More News
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