Bitcoin Mining
Government clamps down on bitcoin mining farms in China’s Inner Mongolia.
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In China's Inner Mongolia, the local government agency has required a local electricity trade company to disqualify 21 bitcoin mining farms from participating in energy trading. Local crypto news platform Wu Blockchain first reported the document, but it did not provide the names...
Bitcoin Mining
Kazakhstan proposes a 15% tax on crypto mining to help fight the pandemic.
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According to a recent report by a local Russian publication, Kazakhstan's ministry of economy has proposed a new tax plan requiring crypto mining companies to file an application for registration with the authorities. After registering, the taxpayer must then indicate...
Bitcoin Mining
Bitmain delays shipments of its Antminer bitcoin mining machines by three months.
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According to a post on Bitmain's official Wechat account, the Chinese bitcoin miner manufacturer said customers whose orders were supposed to deliver in June and July would have to wait until September and October. Those bitcoin mining machines are typically ordered...
Bitcoin Mining
Iranian authorities allow power plants to mine cryptocurrencies.
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Iranian authorities gave the green light to industrial power plants to operate as cryptocurrency miners, provided that they don't use subsidized power for it. In a statement to the Islamic Republic News Agency (IRNA) on July 27, Mostafa Rajabi...
Bitcoin Mining
The Republic of Abkhazia witnesses a surge in illegal crypto mining.
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The Republic of Abkhazia is witnessing a surge in unlawful crypto mining activities over the last couple of years. Customs have reported that mining hardware worth over $589,000 have crossed the border over the past six months. The country...
Bitcoin
More than 55% Bitcoins ending in delivery; long term investors holding BTCUSD
Bitcoin survived the Death Cross pattern formed on the four-hour timeframe earlier. The consolidation and the indecisiveness proved to be beneficial for BTCUSD.
US benchmark index, the Dow Jones Industrial Average or DJX, gave a good start to the final...
Bitcoin Mining
Kazakhstan expects to attract $738 million worth investment in crypto in the next three years.
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According to the Astana Times report, Kazakh Minister of Digital Development, Innovation and Aerospace Industry Askar Zhumagaliyev said that Kazakhstan is making plans to attract 300 billion tenge worth $738.4 million of investments in the next three years from...
Bitcoin
Bitcoin block reward miners are selling BTC more than they are processing post-halvening.
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Bitcoin block reward miners generated 6063 new tokens but sold 6,945 BTC between May 26 and June 2. This indicates that BTC block reward miners believe the fiat they receive from the sale of their BTC is more valuable...
Bitcoin Mining
Chinese police bust an illegal bitcoin mining operation
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Chinese law enforcement discovered an illegal Bitcoin mining operation that was being run under multiple underground burial sites. According to the local news outlet Beijing News report, law enforcement found an illicit mining operation in the northern Chinese city of...
Bitcoin Mining
The bitcoin mining pool Poolin partners with the US-based crypto lender BlockFi.
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The bitcoin mining pool Poolin announced Monday that it has started working with the US-based crypto lender BlockFi, acting like an interbank lender and providing a source of capital for Poolin. The firm initially rolled out crypto lending offerings...
Latest News
European Central Bank’s president calls for greater regulation of bitcoin.
According to the Reuters report, the European Central Bank president Christine Lagarde has called for greater regulation of bitcoin...