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Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work to tackle the climate crisis — not to mention the harmful impacts cryptomining has on … Read more
A recent meetup on the Capitol Hill highlighted several key debates that will define the mining industry’s development in the years to come. Go to Source Powered by WPeMatico
Despite the price of BTC, the Bitcoin network is the strongest it’s ever been, according to industry experts. Go to Source Powered by WPeMatico
The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets the Bitcoin Mining Industry … Read more
The proposed ETF would invest at least 80% of its net assets in securities of companies that “derive at least 50% of their revenue or profits” from BTC mining. Go to Source Powered by WPeMatico
Mining bitcoin without any help from a larger pool has become an increasingly-improbable feat over the last decade. Go to Source Powered by WPeMatico
Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. … Read more
Data from BTC.com estimates that the network will continue to grow stronger by attaining another ATH in the next 12 days — with a network difficulty of 26.70 trillion. Go to Source Powered by WPeMatico
While we are unlikely to see immediate policy effects of the exchange, legislators got educated on a wide array of blockchain-related concepts and issues. Go to Source Powered by WPeMatico
“If policymakers take a cautious approach and foster a pro-innovation environment, the rewards for consumers, investors and all Americans are likely to be great,” said Jordan Ramis shareholder Gregory Zerzan. Go to Source Powered by WPeMatico