Bookmarking Crypto Insights
Auto Added by WPeMatico
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners … Read more
Forced selling from Bitcoin miners raises concern about BTC price, but the use of renewable energy and the oil and gas industry’s growing interest in BTC are longterm positives. Go to Source Powered by WPeMatico
The 200-week moving average could see another test from the bulls next, according to signals from exchange order book composition. Go to Source Powered by WPeMatico
European Central Bank researchers anticipate a clash between the green transition policies and Bitcoin investors. Go to Source Powered by WPeMatico
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network. Go to Source Powered by WPeMatico
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford. Go to Source Powered by WPeMatico
On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to the company’s existing operations by acquiring 1,061 Whatsminer M30S bitcoin mining rigs. The latest ASIC acquisition follows Cleanspark’s recent purchase contract to buy 1,800 Antminer S19 XP units for “an exceptionally discounted price.” Cleanspark Purchases … Read more
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin. Cryptocurrency Miners in Kazakhstan to Pay Higher Taxes President Tokayev … Read more
The majority of big crypto mining firms have sold their self-mined Bitcoin, while a few firms like Marathon, Hut 8 and Hive still hold on. Go to Source Powered by WPeMatico
ERCOT reported that wind generation in Texas was “generating significantly less,” potentially leaving the state unable to meet energy demands during triple-digit temperatures. Go to Source Powered by WPeMatico