Bitcoin Mining

The energy minister of Russia has proposed imposing higher fees for crypto miners.

Russia has become an important player in the global cryptocurrency mining game, ranking among the big players in the industry. As Chinese miners flee the country and reportedly flock to Russia, the country's Energy Ministry is seeking to charge...

The U.S. replaces China as the world’s biggest bitcoin miner.

The United States has become the world's epicenter for Bitcoin mining after a crackdown in China effectively eliminated the practice in the former cradle of the industry. According to a Cambridge Center for Alternative Finance study published on Wednesday,...

Iranian officials warn that crypto mining will be responsible for electricity outages this winter.

Iranian officials have warned their citizens that crypto mining will be responsible for "10 percent of electricity outages this winter". Bitcoin mining in Iran is currently legal, and some 19,500 Bitcoins are mined annually. The State Electric Company released...

US Senator Ted Cruz says Texas should use abundant energy for bitcoin mining.

Ted Cruz, the US Senator from Texas, recently addressed the Texas Blockchain Summit and mentioned that the state could use abundant energy for Bitcoin mining. Cruz also highlighted the key benefits of Bitcoin mining through natural gas. Bitcoin mining has always...

Canaan’s net revenues reached $167.5 million in Q2 of 2021.

Crypto mining hardware manufacturer and computing solutions provider Canaan recently released its unaudited financial results for the second quarter ended 30 June 2021. The company's net revenues reached $167.5 million in the latest quarter, the highest in the company's operating history....

Bitcoin breaks above $50,000, hitting a three-month high.

The price of the leading cryptocurrency bitcoin hit a $50,000 mark over the weekend to reach a more than 3-month high as the cryptocurrency continues to rebound. Bitcoin rose above that level around 10:40 p.m. ET on Sunday, according...

SkyBridge Capital buys tokens representing 38,436 tons of carbon offsets.

The global investment firm SkyBridge Capital announced that it has partnered with carbon credit provider MOSS Earth to purchase tokens representing 38,436 tons of carbon offsets. SkyBridge announced the partnership on August 2, with founder Anthony Scaramucci forecasting that the Bitcoin...

China’s central bank says it will maintain heavy regulatory pressure on the crypto market.

The People's Bank of China has vowed to maintain heavy regulatory pressure on cryptocurrency trading and speculation after escalating its clampdown in the sector earlier this year, BNN Bloomberg reported. The central bank will also supervise financial platform companies...

Energy Harbor Corp signs a deal with Standard Power that will provide clean energy to Bitcoin mining.

US-based power provider, Energy Harbor Corporation, has signed a 5-year agreement with Standard Power, a leading hosting provider for blockchain mining companies, to use nuclear power and provide clean energy to Bitcoin mining centers. Since the Chinese crackdown on...

Poll finds majority of citizens are skeptical of El Salvador’s move to authorize bitcoin as legal tender.

According to a recent poll, more than three-quarters of Salvadorans are skeptical of the maverick leader's push to adopt the leading cryptocurrency bitcoin as parallel legal tender, Reuters reported. Earlier, El Salvador President Bukele's allies in Congress approved legislation...

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The European Central Bank appoints an advisory group for the digital euro project.

The European Central Bank has announced the appointment of the Digital Euro Market Advisory Group. This organization will give council to...