Mining Blog & Mining News

Mining Blog & Mining News

Reddit's Moon Moons & Dumps as Subreddit With 1m Members Goes 'Yield Farming'

As the news spread that there is a way to turn Reddit crypto points into altcoins, and further into cash, Moon tokens have been the hottest topic on a subreddit with over a million members - touching on topics such as spiking price, low number of holders with top 3 holding 45% of tokens, and the subreddit as a yield farming platform. r/CryptoCurrency, with 1.1m members, is abuzz this week with a variety of Moon discussions, many of which stem from the spreading news of and guides on turning Moon...
Reddit's Moon Moons & Dumps as Subreddit With 1m Members Goes 'Yield Farming'

Crypto Listing and Delisting Announcements: Week 39

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency 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: Artist (COIN) Small Love Potion (SLP) Ioan contract (ELC) REVV (REVV) NFT Protocol (NFT) SFinance (SFG) Meme (MEME) Rarible (RARI) WHALE (WHALE) Future Finance (FFT) cVault.finance (CORE) Bilaxy Listings: IO...
Crypto Listing and Delisting Announcements: Week 39

Ethereum Fees, CBDC In Bahamas, Filecoin's Liftoff, Ebang's Crypto Bang + 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/Ethereum news Long-suffering ethereum (ETH) users have cause to celebrate, while DeFi enthusiasts will be dismayed to hear that the craze may be subsiding – after median transaction fees on the Ethereum blockchain network dropped again. Per BitInfoCharts statistics, the median Ethereum transaction fee currently stands at USD 1.3 – down from ...
Ethereum Fees, CBDC In Bahamas, Filecoin's Liftoff, Ebang's Crypto Bang + More News

DeFi Unlocked: How to Earn Crypto Investment Income on Balancer

In our Defi Unlocked series, we delve into the most popular protocols to show you how you can generate an investment income in the decentralized finance market. In this article, we will discuss Balancer (BAL), how it works, and how you can use it to earn crypto investment income. What is Balancer? In March 2020, a research project named Balancer Labs announced that it closed a USD 3 million seed round, after developing the Balancer protocol. Similar to Uniswap, Balancer is based on Vitalik But...
DeFi Unlocked: How to Earn Crypto Investment Income on Balancer

‘If DeFi Collapsed, Bitcoin Would Still Be Bitcoin’

Bitcoin (BTC) and DeFi both had a good summer. After the coronavirus-induced collapse of March, the price of bitcoin rose from USD 3,500 to just over USD 12,000 in August, while the total value locked into DeFi platforms rose from USD 1bn in June to almost USD 12bn in late September. It’s tempting to view the performances of bitcoin and DeFi as connected. Given that the supply of wrapped bitcoin has ballooned from wBTC 500 to almost wBTC 90,000 in the past 12 months, it would seem that bitcoin h...
‘If DeFi Collapsed, Bitcoin Would Still Be Bitcoin’

Despites, Split Opinions, Many Regulations and 20 Crypto Jokes

This crypto week saw bitcoin mining difficulty jump to an all-time high, and despite its realized capitalization soaring, experts are divided on what the near-term outlook for bitcoin price is. Meanwhile, despite Uniswap climbing to become the largest DeFi protocol by TVL, its UNI crashed in the market along with many other DeFi tokens before somewhat recovering. Visa is evolving into a "network of networks," potentially thinking of interoperating with a blockchain network, while Crypto.com roll...
Despites, Split Opinions, Many Regulations and 20 Crypto Jokes

Bitcoin Miners Are Using New Strategies to Hedge Risks

Bitcoin (BTC) and other cryptoasset miners have been forced to employ various strategies to hedge risks, said researchers at the Cambridge Centre for Alternative Finance, but most of these attempts are still "elementary." The study argued that, though mining pools are described as an aggregator of hashrate (the computational power of a cryptoasset network), they also purchase hashrate from hashers, thus contributing to its commoditization. And "as for any other commodity, the development of a s...
Bitcoin Miners Are Using New Strategies to Hedge Risks

DeFi Unlocked: How to Earn Crypto Investment Income on Curve Finance

DeFi continues to cement its spot as this year’s hottest trend in crypto, with numerous new platforms launching to capitalize on the hype. In this article, we will explore Curve Finance (CRV), how it works, and how it can be used to earn crypto investment income. What is Curve Finance? Curve is a relatively new entrant to the DeFi space, having launched in January 2020. Like many other DeFi protocols, Curve is a decentralized exchange (DEX), designed to provide immediate liquidity to its users....
DeFi Unlocked: How to Earn Crypto Investment Income on Curve Finance

Is "Fair Launch" a Better Model for Token Distribution?

Jay Hao is the CEO of crypto exchange OKEx. _ Everybody's talking about “Fair Launch” nowadays. So, what exactly is “Fair Launch,” and is it a better model for token distribution? Actually, Bitcoin (BTC) can be considered a typical fair launch coin; that's to say, no Private sale, no ICO, no pre-mining. Anybody who wants BTC needs to mine or buy it. Flash-forward more than 11 years and now, projects like yearn.finance (YFI) are promoting the concept again. Almost all projects that adopt ...
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Gemini Goes DeFi, IRS To Ask About Bitcoin, Securitize Finds 130 Clients + 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 US-headquartered crypto exchange Gemini said that it is "committed to building a trustworthy skybridge for you to traverse into this new, exciting frontier" of DeFi, as they added new support for 15 additional DeFi tokens today. "We believe in the potential of DeFi and are here to help usher in this next wave of growth and financial inn...
Gemini Goes DeFi, IRS To Ask About Bitcoin, Securitize Finds 130 Clients + More News

Rescuing USD 9.6 Million in Ethereum: The Fellowship of a Smart Contract

"On September 15, 2020, a small group of people worked through the night to rescue over USD 9.6m from a vulnerable smart contract," the author of a recently published blog wrote, starting the story. Sam's discovery While looking at some smart contracts, expecting to find nothing of significance - particularly given the "countless yield farming clones" promising to turn farmers into millionaires, and most of which were forks of well-audited codes - a well-known security researcher and white ...
Rescuing USD 9.6 Million in Ethereum: The Fellowship of a Smart Contract

Americans’ Inflation Worries Up, 29% Still Under Golden USD Illusion - Survey

Surveyed Americans are increasingly worried about inflation as the Federal Reserve’s money printers go into full brrr mode, per a new survey – although 29% are still laboring under the illusion that the greenback is still backed by gold. These were the findings of a report conducted by hashpower provider Genesis Mining. The firm quizzed 400 Americans on their views on July 28, asking them about their understanding of the financial system, their trust of financial institutions and beliefs about m...
Americans’ Inflation Worries Up, 29% Still Under Golden USD Illusion - Survey

Russian Policy Chief: Crypto Impossible To Regulate, Let's Block It

The man charged with overseeing Russia’s long-awaited crypto regulations said that new legal amendments will be ready “in about a month” – but hinted that Moscow may now seek to “block” cryptocurrency-related activity rather than police it. Speaking to media outlet RBC, Anatoly Aksakov, the head of the State Duma Committee on Financial Markets, stated that a “decision” on new legal changes would be forthcoming by the end of October. The media outlet quoted Aksavov as stating that an already-appr...
Russian Policy Chief: Crypto Impossible To Regulate, Let's Block It

Over 100 Million People Hold Bitcoin, Altcoins Globally - Report

Crypto usership is going up at an exponential rate, per researchers at the Cambridge Centre for Alternative Finance, with over 100 million people worldwide now making use of cryptoassets – a massive increase from the 35 million figure the same researches identified just two years. According to a new study, the number of identity-verified cryptoasset users has shot up from 35 million globally to “101 million unique cryptoasset users across 191 million accounts.” The paper’s authors, Blandin et al...
Over 100 Million People Hold Bitcoin, Altcoins Globally - Report

Declare Your Bitcoin or We’ll Take 30% of it – Draft Russian Law

Russia’s seemingly never-ending quest to find consensus on crypto-specific legislation has taken a new turn – with the country’s finance ministry proposing a set of measures that could see failure to report crypto holdings made illegal, and punishable with potentially massive fines. Kommersant reported that under new draft legislation put forward by the ministry, undeclared crypto ownership could be punishable with fines. The Ministry of Finance will meet with stakeholders and policymakers this ...
Declare Your Bitcoin or We’ll Take 30% of it – Draft Russian Law

Bitcoin Mining Legalized in Venezuela, Miners Must Join ‘National Pool’

The government of Venezuela said that it has legalized bitcoin (BTC) and altcoin mining – but added that miners will have to obtain licenses and agree to be supervised by regulators. According to media outlet Criptonoticias, the government has issued an official decree stating that all crypto mining rig manufacturers, crypto “farm” constructors and mining hardware importers will also be subject to spot inspections. Citizens who want to mine bitcoin and other cryptoassets will have to apply for a...
Bitcoin Mining Legalized in Venezuela, Miners Must Join ‘National Pool’

Are UNI Tokens Subject to Securities Enforcement Action by the SEC?

Philip Liu is the Co-Founder and Chief Legal Officer of Arca, a blockchain- and crypto-focused investment advisor in Los Angeles. Uniswap overview Uniswap is the largest decentralized exchange (DEX) by trading volume and is the first DEX to really compete on a daily volume basis against some of the larger digital asset exchanges. This is seen when Uniswap passed Coinbase Pro daily trading volumes. Are UNI tokens securities and/or subject to Securities Enforcement Action by the SEC? Immediately ...
Are UNI Tokens Subject to Securities Enforcement Action by the SEC?

JD.com Joins Digital Yuan Pilot, Canadians Get New BTC & ETH Exchange + 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. CBDCs news JD.com, a multi-billion dollar Chinese e-commerce platform, has joined the central People’s Bank of China (PBoC)’s digital yuan initiative. It becomes the largest company so far to admit that it is working with Beijing on its breathless drive to become the first major economy in the world to release a digital version of its fiat curren...
JD.com Joins Digital Yuan Pilot, Canadians Get New BTC & ETH Exchange + More News

Before Correction, 70% Of Yield Farmers Planned to Stay In The Field - Survey

In the male-dominated field of yield farming, the majority of DeFi (decentralized finance) farmers plan to continue the activity despite high risks and fees, found a recent survey by major ranking website CoinGecko. However, the answers were collected before the major correction in the market this month. Would you continue to do yield farming & liquidity mining in the next 3 months? "The yield farming trend has taken the industry by storm - most crypto owners have heard of it by September 20...
Before Correction, 70% Of Yield Farmers Planned to Stay In The Field - Survey

Crypto Listing and Delisting Announcements: Week 38

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency 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: Keep Network (KEEP) ChartEx (CHART) Linear Token (LINA) Uniswap (UNI) Frontier (FRONT) Stafi (FIS) Aavegotchi (GHST) yieldfarming.insure (SAFE) Pickle Finance (PICKLE) Perpetual Protocol (PERP) Bilaxy Listin...
Crypto Listing and Delisting Announcements: Week 38

Binance's 'Innovation Zone,' Iranian Power Plants Eye Bitcoin Mining + 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 CEO, Changpeng Zhao, announced the creation of the so-called Innovation Zone, which the post said will allow users to trade newer token offerings from their Binance account, while also "protecting less suited users from being exposed to the "risk" that comes with trading them." Zhao added that the exchange can list a coin w...
Binance's 'Innovation Zone,' Iranian Power Plants Eye Bitcoin Mining + More News

Bitcoin Mining Difficulty Zooms to All-Time High, But BTC Price Moves Faster

After the Bitcoin (BTC) mining difficulty jumped sharply today, mining has become 20% more difficult than right before the third BTC halving in May. However, in the same period of time, the price of the most popular cryptocurrency rallied by 27%, saving miners' profit margins. On Sunday morning (UTC time), mining difficulty, or the measure of how hard it is to compete for mining rewards, jumped by 11.35% to 19.31 T, hitting a new all-time high. This increase was the second-highest in more ...
Bitcoin Mining Difficulty Zooms to All-Time High, But BTC Price Moves Faster

KuCoin Establishes Strategic Partnership with Poloniex to Elevate Digital Asset Exchange Industry

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Today (September 18), one of the world's most popular digital assets exchanges, KuCoin officially announced its strategic partnership with the internationally well-known digital assets exchange Poloniex. KuCoin and Poloniex will join hands in trading technology research and development, liquidity sharing, product iterations, PoS and PoW mining pools, and other industrial exploration. The two parties will jo...
KuCoin Establishes Strategic Partnership with Poloniex to Elevate Digital Asset Exchange Industry

FirstDerivative Yield Farming Project is Now Live with x10 Bonus!

Disclaimer: The text below is a press release that was not written by Cryptonews.com. __ The latest trends at the cryptocurrency market are largely characterized by DeFi gaining more momentum and the upcoming launch of ETH 2.0 staking algorithm. As both DeFi and staking markets keep growing swiftly, their synergy also strengthens, leading to an increased superposition and consequently more composability. However, those processes come with a number of complications like increased gas price, the ...
FirstDerivative Yield Farming Project is Now Live with x10 Bonus!

Crypto Exchange Giant Kraken Completes Japan Return + 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 Kraken has officially opened its new Japanese exchange under the umbrella of its Tokyo-based Payward Asia subsidiary. Per an official Kraken blog post, customers can start creating accounts from today, although fiat deposits in JPY and transactions will begin “in late September or early October.” The firm stated that it would infor...
Crypto Exchange Giant Kraken Completes Japan Return + More News

Cold Shower For Sweating Bitcoin Miners in Sight as Hashrate Soars

Bitcoin (BTC) mining difficulty is estimated to hit another all-time high on Saturday and reduce mining profitability, as the computational power of the network is now up by more than 20% since the beginning of August. Mining difficulty, or the measure of how hard it is to compete for mining rewards, is set to jump by 12%, to 19.49 T, according to estimations by BTC mining pool BTC.com. This would be the second-largest increase in more than a year after the measure dropped by 1.2% during the pr...
Cold Shower For Sweating Bitcoin Miners in Sight as Hashrate Soars

Blockchain Summit Global Is One of The Most Outstanding Technology Events of the Year (Now Also Virtual)

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 2020 has been conditioned by a pandemic that has disrupted everything, especially the presential events. Blockchain Summit UY reinvented itself as Blockchain Summit Global 3rd Edition with great strength, an incredible lineup of Speakers and a truly outstanding audience. In the manner of a live TV program, conducted by Alejandra Labraga, the third edition of Blockchain Summit Global was launched, with a truly c...
Blockchain Summit Global Is One of The Most Outstanding Technology Events of the Year (Now Also Virtual)

Alibaba Accelerates in Blockchain Patent Race + 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 More blockchain-related patents were published in the first half of 2020 than in all of 2019, a year that had already seen 3 times more blockchain patents published than in 2018, a new report by KISSPatent showed. Alibaba has published 10 times more patents than IBM this year alone, it added. However, IBM still owns the most block...
Alibaba Accelerates in Blockchain Patent Race + More News

Pool-X Launches BurningDrop, Supporting KTSt Genesis Mining

Disclaimer: The text below is a press release that was not written by Cryptonews.com. On September 16, 2020, KuCoin, an IDG-backed crypto exchange, announced that its Pool-X platform has launched the BurningDrop program and will provide services for the Kratos Genesis token (KTSt) Distribution. Users can join the KTSt Genesis Mining via Pool-X. From 20:00:00 on September 16, 2020 to 20:00:00 on September 24, 2020 (UTC+8), users can get KTSt via BurningDrop and improve their computing power by bu...
Pool-X Launches BurningDrop, Supporting KTSt Genesis Mining

New Rumors On Indian Crypto Ban, Bonds 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. Regulation news India plans to introduce a new law banning trade in cryptocurrencies and the bill is expected to be discussed shortly by the federal cabinet before it is sent to parliament, Bloomberg reported, citing undisclosed people familiar with the development. The federal government will encourage blockchain but is not keen on cryptocurrenc...
New Rumors On Indian Crypto Ban, Bonds on Blockchain + More News
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