Sri Lanka appoints committee to implement crypto mining and blockchain
The committee plans to propose a suitable framework for Sri Lanka after studying the regulations followed by international markets. Go to Source Powered by WPeMatico
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How to create an environmentally-friendly coin, explained
With increased concern about the carbon footprint that the crypto industry creates, alternative enterprise solutions emerge that can help cut down on the energy costs involved. Go to Source Powered by WPeMatico
Amount of ETH held by miners reaches highest level since 2016
Ethereum miners are reluctant to sell their assets and appear to expect further price increases. Go to Source Powered by WPeMatico
Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners
Members of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis Members Want Miners in Kazakhstan to Register With … Read more
Bitcoin bears risk getting trapped if BTC price remains above $50K — Here’s why
Hash rate, supply shock, and U.S. credit risk are likely the causes for the BTC rally. Go to Source Powered by WPeMatico
Canadian Bitcoin mining firm Link Global faces $5.6M penalty
Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action. Go to Source Powered by WPeMatico
Hash rate and difficulty rebound shows miners have recovered from China exodus
Bitcoin mining profitability is up 275% since before the May 2020 halving. Go to Source Powered by WPeMatico
Silvergate Bank issues $100M credit line to mining firm Marathon Digital
“We remain optimistic that we are well positioned to scale our hash rate to 13.3 EH/s by the middle of 2022,” said Marathon Digital CEO Fred Thiel. Go to Source Powered by WPeMatico
Bitcoin’s Mining Difficulty Continues to Rise: 37% More Difficult to Mine BTC Than 3 Months Ago, Difficulty Nears 20 Trillion
Bitcoin’s hashrate has been climbing steadily over the last three months and rose more than 40% after the network’s hashpower was below 90 exahash per second (EH/s) on July 5. The trend has led to a consecutive run of five bitcoin mining difficulty accruals with another increase expected during the next transition. Hashrate Steadily Increases, … Read more
Canadian Bitcoin Mine Operator Facing $7 Million Fine for Setting Up Power Plants Without Permission
Link Global, a bitcoin mine operator in Canada, is facing a fine of up to $7 million for installing power plants to run its miners without government permission. The company installed several power plants without following legal procedures and alleges that, if the penalty is enforced, it will constitute a fatal blow to its finances. … Read more