Bitcoin hash rate nears record 200EH/s as 100K BTC turns ‘illiquid’ every month
Hash rate has never looked better, and appetite for accumulating has only grown since China’s May mining crackdown. Go to Source Powered by WPeMatico
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Paraguay moves a step closer to regulating digital currency
A bill that seeks to regulate the local cryptocurrency industry has passed the the Senate of Paraguay. Go to Source Powered by WPeMatico
Hive Blockchain on track to mine more Bitcoin, less Ether this quarter
The Canadian mining firm expected its Ether production to decrease by more than 20% quarter over quarter, while its Bitcoin mining would rise a modest 2%. Go to Source Powered by WPeMatico
China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto
Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies. Xinhua to Create Digital Collectibles Based on Photo Reports The … Read more
Cryptocurrency Bill Advances to Chamber of Deputies in Paraguay
A cryptocurrency bill introduced in July to the Senate of Paraguay has been approved. The text, which defines several important concepts including virtual assets, and establishes the need for licenses to mine cryptocurrencies, will now advance to the Deputy Chamber to be discussed. Paraguay Could Approve Crypto Law by Next Year A new cryptocurrency bill … Read more
Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints
The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them. Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets Russia’s monetary … Read more
Demand for Mining Hardware Spikes in Russia, Prices Rise
The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading to rising prices. Crypto Miners in Russia Looking to Increase Computing … Read more
China Censors Crypto-Themed Short Videos Shared Online
An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China Netcasting Services Association … Read more
Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade
Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange, and taxation that would effectively legalize cryptocurrencies. Russian Officials Debate … Read more
Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets
The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation the option to purchase up to 180,000 ASIC bitcoin mining rigs. Canaan … Read more