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“# Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz ” U.S. Senator Ted Cruz believes The United States should be using natural gas to mine Bitcoin instead of flaring it. Speaking during the Oct. 8 Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy…
“# Bitmain stops shipment of Antminer crypto mining rigs into China ” Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities. In addition to China’s blanket ban on crypto operations, the company has attributed the move…
“# Sri Lanka appoints committee to implement crypto mining and blockchain ” Sri Lanka joins the global crypto adoption drive after setting up a committee for exploring and implementing blockchain and crypto mining technologies. A letter shared on Oct. 8 by Sri Lanka’s Director General of Government Information, Mohan Samaranayake, shows that the authorities have…
“# Powercrypto Holdings to launch BTC & ETH mining in Hong Kong ” A subsidiary of the blockchain software provider Powerbridge Technologies, Powercrypto Holdings, has announced the launch of a sustainable cryptocurrency mining initiative for Bitcoin (BTC) and Ether (ETH) in Hong Kong. The company plans to deploy a total of 2,600 first-grade mining rigs,…
“# Amount of ETH held by miners reaches highest level since 2016 ” The amount of Ethereum that is being held by miners has reached record levels in U.S. dollar terms as they remain reluctant to sell. The balance held by Ethereum miners is the largest it has been since shortly after the network was…
“# Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin ” U.S.-based publicly listed mining firm Riot Blockchain has revealed that its year-to-date Bitcoin production has more than tripled compared to 2020. According to a Oct. 6 announcement, Riot has mined 2,457 BTC (roughly $135 million) during 2021 so far — a…
“# Canadian Bitcoin mining firm Link Global faces $5.6M penalty ” Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta. The Alberta Utilities Commission (AUC), the province’s power utility regulator, issued Sept. 24 another enforcement…
“# Hash rate and difficulty rebound shows miners have recovered from China exodus ” Bitcoin mining operations are on the path to full recovery following the most dramatic short-term disruption in network history earlier this year, and miners are reaping the rewards in revenues. In its Oct. 4 Week on Chain report, on-chain analytics provider…
“# Silvergate Bank issues $100M credit line to mining firm Marathon Digital ” Marathon Digital Holdings, a United States-based crypto mining company, has secured a $100 million revolving line of credit with Silvergate Bank using USD and Bitcoin. According to information provided by Marathon Digital, the mining firm obtained the $100 million credit line from…
“# Actions speak: China’s crypto ban may reveal digital yuan CBDC goals ” Chinese regulatory authorities gave yet another shock to the cryptoverse by imposing a ban on all cryptocurrency transactions on Sept. 24. This measure came just as the market was beginning to recover from the government’s June prohibition on cryptocurrency mining activities. The…