Bitcoin Mining

Chinese Bitcoin mining company Canaan spends $10 million to buy back shares – a report by Saumil Kohli.

In 2019, Canaan, the Chinese company that makes computer chips and other hardware for Bitcoin mining rigs, priced its shares at $9 on the Nasdaq stock exchange as part of a $90 million initial public offering (IPO). Now, with...

Kazakhstan is looking to attract $700 million worth investment for the crypto mining sector – a report by Sahil Kohli.

According to the Reuters report, Kazakhstan is in talks to attract investments worth 300 billion tenge ($714 million) into the cryptocurrency sector, Digital Development Minister Bagdat Mussin. The Asian country claims to account for 6% of global cryptocurrency mining. Kazakhstan...

Government clamps down on bitcoin mining farms in China’s Inner Mongolia.

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...

Kazakhstan proposes a 15% tax on crypto mining to help fight the pandemic.

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...

Bitmain delays shipments of its Antminer bitcoin mining machines by three months.

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...

Iranian authorities allow power plants to mine cryptocurrencies.

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...

The Republic of Abkhazia witnesses a surge in illegal crypto mining.

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...

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...

Kazakhstan expects to attract $738 million worth investment in crypto in the next three years.

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 block reward miners are selling BTC more than they are processing post-halvening.

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...

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American investor and fund manager Bill Miller says Bitcoin is not a bubble.

Bill Miller, a well-known American investor and fund manager, said that Bitcoin is not a bubble. The American investor...