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“# Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan ” BTC.com — a major crypto mining pool that is operated by BIT Mining and owned by the NYSE-listed Chinese lottery service provider 500.com — has announced the successful relocation of its first batch of mining machines to Kazakhstan. BTC.com was founded by Jihan…
“# China’s crackdown means Bitcoin is working, says crypto miner ” China’s crackdown on Bitcoin (BTC) mining and cryptocurrency trading recently became a primary driver for the red candlesticks on crypto market charts. But one Bitcoin mining engineer believes China’s ban on crypto is “fantastic news.” Brandon Arvanaghi, a former security engineer at crypto exchange…
“# Bitfarms’ shares slump on Nasdaq debut amid crypto market pull-back ” The highly anticipated Nasdaq debut of renewable energy-focused BTC mining firm, Bitfarms (BITF), saw the company’s stock fall by as much as 8.6% amid weakness in the broader crypto markets. BITF opened at $4.04 and quickly climbed a couple of percent to tag…
“# Nvidia GPU prices in China fall amid crypto mining crackdown ” Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable. According to a Monday report by South China Morning Post (SCMP), prices of some graphic cards have tumbled…
“# Bitcoin hashrate hits 8-month low as Chinese miners power down ” Bitcoin’s hashrate has fallen to its lowest levels since early November as mining operations in China start unplugging. Bitcoin’s network hashrate, a measure of its computational horsepower, has slumped 46% since its peak level in mid-May. According to Bitinfocharts, Bitcoin hashrate is currently…
“# Canada’s Hive Blockchain Technologies approved for Nasdaq listing ” While the SEC continues to slow-roll the listing of a Bitcoin ETF, traders on legacy exchanges eager to get some exposure to crypto will soon have another outlet. In an announcement on Friday, Canada’s Hive Blockchain Technologies revealed that it has received approval to list…
“# Ethereum’s ‘London’ hardfork set to go live on testnets starting June 24th ” The hotly anticipated “London” Ethereum hardfork now has a set block height for three Ethereum testnets — a key penultimate step towards a full mainnet launch. In a blog post on the Ethereum Foundation’s website, Ethereum core developer Tim Beiko wrote…
“# Miami mayor offers city’s clean nuclear power to Chinese Bitcoin miners ” With Bitcoin (BTC) mining concentration expanding in North America, Miami mayor Francis Suarez is looking to position his city as a hub for crypto mining activity. Speaking to CNBC on Thursday, Mayor Suarez said he is inviting foreign mining companies to consider establishing…
“# City in Sichuan reportedly orders crypto miners to shut down for investigation ” Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms. Authorities in Ya’an City, a prefecture-level city in the western part of Sichuan province, have ordered local Bitcoin mining…
“# Bitcoin miners can prove green potential by undergoing ESG ratings check ” Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in…