Bitcoin price may spark ‘war of miners’ — 1-day pool outflows hit $18M
Pools may be attempting to trade the dip, CryptoQuant suggests as its CEO warns about rivalries building. Go to Source Powered by WPeMatico
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Russian ministry proposes to amend law banning crypto transactions
Crypto mining is allowed, but payout in crypto is prohibited. Go to Source Powered by WPeMatico
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three … Read more
Researchers are calling this new malware a triple threat for crypto users
The surrounding threat level is low, but there are fears it could increase. Go to Source Powered by WPeMatico
Kazakhstan on track for $700M crypto mining investment goal, says minister
A Kazakh minister claimed that there are already preliminary agreements on attracting more than $700 investment for cryptocurrency mining. Go to Source Powered by WPeMatico
Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners
In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto mining at the Hashcon 2020 event as well as bolstering a blockchain … Read more
Using a DeFi protocol now costs more than $50 as Ethereum fees skyrocket
The situation is eerily reminiscent of December 2017. Go to Source Powered by WPeMatico
Malaysian authorities arrest crypto miners for $600K power theft
The two crypto mining operations stole almost $20,000 in electricity monthly. Go to Source Powered by WPeMatico
Geopolitical risks prevail as new players emerge in the crypto mining space
China is not the only country that wants control of this highly coveted industry. Go to Source Powered by WPeMatico
Charles Hoskinson’s IOHK submitted a decentralized treasury proposal to the Ethereum Classic Community
Would a 20% block reward reduction matter in the long run? Go to Source Powered by WPeMatico
