EU vote on Bitcoin mining: What does it mean for the industry?
A win in the European Parliament, but will mining rules have to change? “Eventually, only PoS will be adopted by blockchain applications.” Go to Source Powered by WPeMatico
Bitcoin Mining
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Bitcoin Miners Catch a Second Break With Another Downward Difficulty Adjustment
Five days ago, Bitcoin’s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH/s) region. Meanwhile, bitcoin miners caught another break on Thursday, as the network’s mining difficulty adjusted downward for the second time in a row, making … Read more
Stranded no more? Bitcoin miners could help solve Big Oil’s gas problem
Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem? Go to Source Powered by WPeMatico
Miners that hodl the most Bitcoin are ‘relentlessly expanding’
According to a series of mining metrics, not only are miners holding hard, but they’re also dramatically increasing their hash rate. Go to Source Powered by WPeMatico
ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program
The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.” … Read more
Crypto miner Hut 8 posts record revenue as BTC holdings surge 100%
The financial results weren’t all positive, however, as the Bitcoin miner posted a surprise loss in the fourth quarter. Go to Source Powered by WPeMatico
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
Financial Monitoring Agency, Kazakhstan’s financial watchdog, emphasizes the need to regulate the sector. Go to Source Powered by WPeMatico
EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets
European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects Proof-of-Work Ban The Committee on Economic and Monetary Affairs (ECON) voted on the proposed Markets in Crypto Assets (MiCA) … Read more
European Parliament votes against PoW ban, providing huge relief to the crypto industry
The moderate version of the regulatory framework’s draft prevailed in the ECON committee voting. Go to Source Powered by WPeMatico
Valkyrie Investments‘ Leah Wald on Bitcoin ETFs and the future of digital assets
Valkyrie Investments CEO Leah Wald opens up on the importance of Bitcoin ETFs and why the traditional financial world should pay attention to digital assets moving forward. Go to Source Powered by WPeMatico