Bitcoin mining difficulty drops for fourth time in a row
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Go to Source Powered by WPeMatico
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Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.” Go to Source Powered by WPeMatico
Four North American Bitcoin miners that could benefit from the East-West shift
With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance. Go to Source Powered by WPeMatico
On the fence: If this is a crypto bear market, how long can it last?
Is a bullish reversal incoming, or is crypto starting a bear market? It’s not clear where the markets will go, so let’s weigh the facts. Go to Source Powered by WPeMatico
New project aims to bring global crypto miners to Russia
Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies. Go to Source Powered by WPeMatico
China’s central bank says crypto gave impetus to the creation of its CBDC
A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency will use smart contracts to allow for programmability. Go to Source Powered by WPeMatico
Shanghai Man: Crypto media closes, bad news just repeats, mining laws are beneficial?
With government officials trying to clean up the image of China prior to the start of the Winter Games, miners are leaving in droves and media group Bishijie has been forced to close down Go to Source Powered by WPeMatico
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s decision to ban bitcoin mining, the company “accelerated” its migration strategy to … Read more
University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%
After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate of China’s hashrate … Read more
China’s Bitcoin hash power fell before the crackdown: Cambridge data
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled. Go to Source Powered by WPeMatico