Saturday, June 19, 2021
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Mining

Bitcoin Mining Council goes live, but Musk has “no role” in it

The Bitcoin Mining Council (BMC) launched its website yesterday, revealing its membership and mission statement; however, Elon Musk will have “no role.”

China’s Ban On Cryptocurrency Mining Expands to Additional Provinces

Bitcoin miners should probably start thinking about leaving China sooner than later. Reuters said Friday that two provinces, Qinghai and Xinjiang, banned cryptocurrency mining...

Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday....

Iran uses crypto mining to lessen impact of sanctions, study finds

Around 4.5% of all bitcoin mining takes place in Iran, allowing the country to earn hundreds of millions of dollars in cryptocurrencies...

South Korea to Impose a 20% Tax on Crypto Mining Activities

The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto...

Bitfarms moves ahead with plans to open mining facility in Argentina

Canada-based Bitfarms Ltd. (TSXV: BITF) has updated shareholders about its intentions to expand into South America.  In 2020, the block rewards...

Ripple’s co-founder introduces BTC Mining Proposal

The chairman of Ripple has introduced new Bitcoin mining proposals that will transaction the crypto mining process to a more eco-friendly one. This statement...

Bitfarms Partners With Foundry, Joins US Mining Pool, Fleet Expands by 2,465 Bitcoin Miners

On April 23, the publicly listed mining operation Bitfarms revealed a partnership with the Digital Currency Group (DCG) subsidiary Foundry Digital LLC....

Crypto Mining Firm Riot To Acquire Whinstone For $651 Million

Riot Blockchain Inc has disclosed its plans of acquiring Bitcoin mining facility Whinstone Inc for about $651 million. The...

Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million

Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig...

Latest news

El Salvador’s request for assistance in embracing Bitcoin is turned down by the World Bank

El Salvador's application for help in adopting bitcoin as a currency was turned down by the World Bank, according to a spokeswoman...

Tanzania’s president has urged the country’s central bank to think of adopting digital money

Tanzania's leader has urged the nation's central bank to start looking into the significance digital currency assets may have in the national...

Hawaii had largest increase in demand for crypto out of US states this year

A new report from MiQ Digital indicates that demand for cryptocurrency has increased the most in the U.S. states of Hawaii and...

Spanish Regulator Asks Crypto Firms to Submit Requests before Launching Ads

Spain’s National Securities Market Commission (CMNV) has issued an order that asks domestic crypto companies who wish to deploy advertising campaigns targeting...

This is the biggest concern ahead of Alonzo bringing smart contracts to Cardano

2021 has been a good year for Cardano, with the token hiking by over 1200% from its 1 January price at one...
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