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Mining Blog & Mining News

Mining Blog & Mining News

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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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Not everybody in El Salvador may be aboard the Bitcoin (BTC) boat – but the nation’s bullishly pro-BTC President Nayib Bukele appears set to press ahead with his crypto plans nonetheless, with an overseas exchange opening its doors for business and a “sneak peek” at the nation’s new “green” mining center. According to La Prensa Gráfica, a Guatemalan crypto exchange named Coincaex will become the first overseas trading platform to launch in the nation. And the exchange says it hopes to be transac...
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Nassim Nicholas Taleb, an essayist and scholar, known for his book on the extreme impact of rare and unpredictable events, The Black Swan, released a paper on Bitcoin (BTC), with Bitcoiners jumping on what they deemed numerous inaccuracies. In his paper titled 'Bitcoin, Currencies, and Bubbles', Taleb, who said in 2018 that BTC is an excellent idea, now stated that bitcoin, in its current version and despite the hype, "failed to satisfy the notion of "currency without government" (it proved to ...
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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 Investment firm VanEck filed a new draft prospectus for a bitcoin (BTC) futures mutual fund with the US Securities and Exchange Commission (SEC). Their Bitcoin Strategy Fund will invest in bitcoin futures contracts, as well as pooled investment vehicles and exchange-traded products that provide exposure to bitcoin, but not in ...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. The concept of cryptocurrency mining has a somewhat negative connotation to it these days. Many people see it as a waste of electricity as it requires dedicated and expensive hardware. But what if that was no longer the case, and anyone could mine cryptocurrency with their smartphone? Equal Mining Opportunities For Everyone With StormGain In the current crypto mining landscape, there is an inequality waiting to...
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Both Crypto- and non-Cryptospheres are discussing a "death cross" that appeared on bitcoin (BTC) charts, which is seen by some traders as a bearish signal that indicates lower prices to come. However, it seems there is no actual proof that death cross means or "confirms" anything that is about to happen, but is instead displaying what has already been set in motion. The media, traders, charters, analysts, and other insiders are keeping a close eye on the charts, after bitcoin has formed a death...
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The Salvadorian media has continued to react skeptically to crypto-related developments as the country edges toward bitcoin (BTC) adoption. A number of international crypto figures traveled to El Salvador late last week, including Brock Pierce, the head of the Bitcoin Foundation, who tweeted – in a post that drew no shortage of ire from the wider crypto community – that he was “very honored to lead” an “official delegation of bitcoin ambassadors to El Salvador.” With a new law on its way, Presid...
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Bitcoin (BTC) saw a double-digit drop in its hashrate (the computational power of the network) in a single day following the recent regulatory crackdown in a vital mining region in China, as well as from its June peak. However, Ethereum (ETH) and several other proof-of-work (PoW) projects shared similar faiths. As reported, Xinjiang ordered several crypto mining farms to shut down on June 9, but miners were still left with the super popular Sichuan province, especially as many of them migrate t...
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The central People’s Bank of China (PBoC) has issued a statement announcing that it has reached an agreement with all the nation’s biggest commercial banks and one of its biggest e-payments providers to help it enact a stronger crackdown on the crypto industry and its users. (Updated at 10:33 UTC: updates throughout the entire text. Updated at 10:30 UTC with a statement by the Postal Bank of China.) In the statement, the PBoC asserted that it had spoken to major players, such as the Industrial a...
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One of China’s biggest commercial banks, the Agricultural Bank of China, said it will crack down on crypto transactions, and will seek to block accounts connected with bitcoin (BTC) and crypto-related activity. The bank has issued a terse and short statement on the matter, which was published in full by East Money. BTC, ethereum (ETH), and many altcoins dropped following the announcement. At 07:21 UTC, BTC trades at USD 32,949, and is down by more than 4% in the past hour and 6.6% in a day, whil...
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Disclaimer: The text below is a press release that was not written by Cryptonews.com. AscendEX, formerly BitMax, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the launch of the Hummingbot Liquidity Mining Portal. AscendEX users will be able to access tools and upside that were previously only available to a small circle of sophisticated market makers. In celebration of the Hummingbot Liquidity Portal integration, AscendEX will launch a camp...
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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 Investment company Grayscale Investments has expanded their list of assets that they’re considering for inclusion into their product family, adding 1inch (1INCH), bancor (BNT), curve (CRV), internet computer (ICP), kava (KAVA), kyber network (KNC), loopring (LRC)], near (NEAR), polygon (MATIC), ren (REN), solana (SOL), universal...
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As debt investors seem to be looking into how much an energy company is polluting, the bond market may be seeing higher funding costs for those companies polluting more - showing the rising importance of Environmental, Social, and Corporate Governance (ESG)-compliant investments at the time when regulators, skeptics, and Bitcoin (BTC) competitors are targeting energy-intensive BTC mining. It seems that the ESG concerns are being included in the funding costs for oil and gas companies. According...
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The Chinese crypto mining crackdown is starting to gather pace – with some areas rich in hydropower looking to join coal-powered areas in what is increasingly looking like a nationwide shutdown of industrial mining. And the US is using this opportunity to compete. As previously reported, Sichuan Province – a hydropower and crypto mining hotspot – has previously appeared content to allow miners to continue unfettered in the region, particularly as the summer typhoon season begins. During the sea...
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The US National Republican Congressional Committee (NRCC) will reportedly start accepting cryptocurrency donations via major crypto payments provider BitPay - as a response to the speaker of the US House of Representatives Nancy Pelosi’s "socialist agenda." NRCC is the Republican Hill committee that works to elect Republicans to the United States House of Representatives. According to Axios, citing NRCC, this campaign arm will process the donations using BitPay. The donations will be converted ...
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Commentators have accused the World Bank of hypocrisy and ignorance after it stated that it would not assist El Salvador and its President Nayib Bukele’s plan to create a bitcoin (BTC)-powered economy – claiming that bitcoin has displayed “environmental” and “transparency” “shortcomings.” Per Reuters, a World Bank spokesperson claimed El Salvador had turned to it for help – but that it had refused the request, explaining: “We are committed to helping El Salvador in numerous ways including for cu...
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