Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners
Legislators in the lower house of Russia’s parliament also dropped the notion of a special register for mining operators. Go to Source Powered by WPeMatico
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Bitcoin’s current setup creates an interesting risk-reward situation for bulls
A slight improvement in equities markets and the resilience of a few key BTC price metrics are giving bulls hope of a reversal. Go to Source Powered by WPeMatico
Bitcoin Miners Expected to Catch a Break in 2 Days, Mining Difficulty Estimated to Drop Close to 4%
While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an all-time high (ATH) at 31.25 trillion. However, after 289 blocks are mined or roughly two days from now, Bitcoin’s mining difficulty is estimated to drop 3.67% giving miners some … Read more
Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week
Bitcoin is getting a dose of reality this week as the World Economic Forum convenes and analysts still favor a fresh BTC price drop. Go to Source Powered by WPeMatico
Crypto Mining Farm Uncovered in Russia’s Oldest Prison
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency in Moscow Prison A high-ranking representative of the management of Butyrskaya prison, in the Tverskoy … Read more
3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls “hoped to resume within a few weeks.” Go to Source Powered by WPeMatico
Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market
A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory. Go to Source Powered by WPeMatico
Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm
Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto Farm, Seizes Mining Hardware Police in Abkhazia have closed down another crypto mining installation in … Read more
Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate
New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s … Read more
China returns as 2nd top Bitcoin mining hub despite the crypto ban
China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year. Go to Source Powered by WPeMatico