Government of Uzbekistan Triples Tax on Electricity for Crypto Miners
The government of Uzbekistan orders a 300% increase on electricity tariffs for cryptocurrency miners Go to Source Powered by WPeMatico
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Employee Fined For Mining BTC on Nuclear Research Center Supercomputer
Employee gets fined $7,000 for illegally mining Bitcoin on a supercomputer at a nuclear research center Go to Source Powered by WPeMatico
AI Firm Core Scientific Acquires Creator of Mining Program Honeyminer
Blockchain startup Core Scientific has acquired Stax Digital to further develop its infrastructure and software solutions Go to Source Powered by WPeMatico
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations. Also read: Maduro’s Petro … Read more
Bitmain to Launch Platform for Connecting Miners and Farms in October
Chinese mining giant Bitmain to launch platform connecting crypto miners and farms in October Go to Source Powered by WPeMatico
Despite Lower Prices, Bitcoin’s Hashrate Remains Strong
People watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how BTC’s hashrate has doubled in the last three months. Even with today’s sluggish crypto prices, the SHA-256 hashrate has remained unscathed and continues to show persistent … Read more
Chinese Homecoming — Crypto Companies Make Their Way Back to Asia
After leaving China in 2017, Binance recently made its first major investment in the country by backing a local crypto/blockchain media outlet called Mars Finance Go to Source Powered by WPeMatico
Clues to Explain Yesterday’s Bitcoin Hash Rate Flash Crash
Cointelegraph examines different explanations for the Bitcoin network’s sudden loss of hashing power earlier this week Go to Source Powered by WPeMatico
The Bitcoin Network Loses Over a Quarter of its Hashpower
There are always interesting things going on in the cryptocurrency world. Not all of those developments make sense, particularly where Bitcoin is concerned. its hashrate dropped by a quarter in very quick succession, yet no one knows why that is exactly. It does pose somewhat of a network risk, although it is widely believed this … Read more
Bitcoin Network Hash Rate Mysteriously Flash Crashes by 40%
An unexplained plummet in Bitcoin’s hash rate occurred yesterday, with a stark, if fleeting, 40% drop in mining on the network Go to Source Powered by WPeMatico