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” Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea “ The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. A Chinese state-owned media outlet, the Economic…
” US energy company opens crypto mining facility in Middle East to use stranded natural gas “ As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a…
” Tax guidelines for crypto mining pass the first reading in Kazakhstan “ Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators. On Thursday, May 25, the lower chamber of Kazakh parliament, Mejlis,…
” Bitcoin network hash rate hit a new record high amid price volatility “ The hash rate of the Bitcoin (BTC) network hit a new ATH, even when the price of the top cryptocurrency struggled to get past the $40,000 mark. The network’s hash rate hit a new record high of 258 EH/s on Thursday before…
” The race for semiconductors: Are crypto miners taking the lion’s share? “ Over the last couple of years, the world has been grappling with the lack of semiconductors, which are the substances that conduct electricity between metals and isolates. The most famous semiconductor is silicon. If correlating this concept to electronic devices, then the…
” ‘Green oasis’ for Bitcoin mining: Norway has almost 1% of global BTC hash rate “ Bitcoin (BTC) mining in Norway is 100% renewable and “flourishing” according to a report by Arcane Research. “A green oasis of renewable energy,” Norway contributes almost 1% to the global hash rate and is almost entirely powered by hydropower….
” Stranded no more? Bitcoin miners could help solve Big Oil’s gas problem “ The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”…
” Chinese police bust illegal crypto mining farm, seize 190 miners “ The Guangdong province’s Development and Reform Commission has reportedly busted an illegal crypto mining farm secretly operating in an electric vehicle charging station. The secret crypto mining farm was busted in the city of Guangzhou, where law enforcement agencies have constantly been making…
“# Bitcoin network hash rate explodes to a new all-time high of 248.11 EH/s ” The Bitcoin (BTC) network has recorded a new hash rate all-time high of 248.11M TH/s as of Feb. 12, 2022, further securing the decentralized ecosystem through a growing network of global BTC miners. The hash rate correlates to the computing…
“# Another solo Bitcoin miner solves valid block, becoming the 4th in 2022 ” Hopium is back on the menu for solo Bitcoin (BTC) miners. An approximately $240,000 reward, or 6.25 BTC, was generated by yet another solo miner on Tuesday morning. This time, the odds were less than 20%, according to Con Kolivas, a…