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“# 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…
“# Crypto community concerned over impact of infrastructure bill on DeFi ” Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of…
“# Billion dollar Bitcoin mining industry resumes in Iran after three month ban ” The Iranian government will allow licensed cryptocurrency miners to resume operations today following a three-month ban imposed by former President Hassan Rouhani on May 26th, 2021. The initial ban was put into effect due to concerns over the stability of the…
“# Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation ” An on-chain study released by Kraken Intelligence highlighted strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5, 2021. Ethereum miners accumulated an additional 2 million Ether…
“# Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement ” Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency mining rigs in the building. According to a report from the country’s state-run media, the Islamic Republic News Agency, Tehran…
“# El Salvador president teases geothermal Bitcoin mining farm ” El Salvador’s President Nayib Bukele shared a video showing the apparent progress of the country’s Bitcoin (BTC) mining plant powered by volcanic geothermal energy. The video shows an overview of a power generation facility with technicians enabling crypto mining rigs. First steps… #Bitcoin pic.twitter.com/duhHvmEnym —…
“# Another Ethereum mining pool forced to close due to China crackdown ” BeePool, the fourth largest Ethereum mining pool, is closing amid China’s crypto crackdown. The China-based Ethereum mining pool announced on Tuesday it will suspend operations “in response to the latest regulatory policies.” Effective immediately, the registration of new users and the addition…
“# Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021 ” Bitcoin (BTC) might have outperformed traditional financial markets regarding investment returns, but the cryptocurrency still fell behind Bitcoin-related companies. The price of BTC climbed by about 290% year-over-year, wherein it surged from $10,695 to a little over $42,000. In comparison, shares…
“# Alibaba to ban crypto miner sales amid Chinese crackdown ” Chinese e-commerce giant Alibaba is the next company to wrap its cryptocurrency-related services in response to the ongoing crypto crackdown in China. Alibaba officially announced Monday that its platform will prohibit sales of cryptocurrency miners and suspend categories for blockchain miners and accessories from…
“# Northern Data to obtain 33K ASIC miners through Bitfield acquisition ” Blockchain and high performance computing firm Northern Data has announced it will acquire Bitcoin miner Bitfield. According to a Sept. 27 press release, all major shareholders signed a binding purchase agreement for the entire Bitfield enterprise to be sold at a value of…