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“# HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies ” Crypto mining firm HIVE Blockchain Technologies has sold one of its data centers in the Norwegian municipality of Narvik held since 2018. In an announcement today, HIVE said it had transferred all shares of the firm’s local subsidiary Kolos Norway AS…
“# Canadian Bitcoin ETF issuer seeks ‘green BTC’ ” Ninepoint Partners LP, one of Canada’s Bitcoin (BTC) exchange-traded fund issuers, has announced plans to offset the carbon footprint of its BTC ETF product. According to a release issued on Monday, Ninepoint has inked a partnership with carbon offsetting service provider CarbonX. As part of the…
“# Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments ” In a broader effort to circumvent the effects of sanctions, Iran may be attempting one of the first instances of digital currency protectionism. According to a Tweet from news outlet Iran International, The Central Bank of Iran announced a decision from the…
“# Shanghai Man: VeChain on TV, DOGE flips BTC volume, Hotbit hack and more … ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Will DOGEmania ever stop? Dogecoin has officially…
“# South Korean Bitcoin miners can deduct electricity costs from crypto tax filings ” Crypto investors involved in cryptocurrency mining may enjoy a significant tax break when the country’s virtual currency tax regime commences in 2022. According to a report by Pulse News, South Korea’s Ministry of Economy and Finance on Wednesday announced additional details…
“# Bitcoin miners’ revenue rebounds to $60M per day — Is the bull run about to resume? ” Bitcoin (BTC) miners collected $60 million on a thirty-day average timeframe as of May 5, showing the first signs of recovery after last month’s severe revenue drop that followed mass miner outages in China’s energy-rich provinces. In…
“# New York bill proposes to ban crypto mining for 3 years over carbon concerns ” Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman…
“# Almost half of Bitcoin hash rate signaling for Taproot activation ” The road to the Taproot upgrade finally coming in 2021 is already underway, with major Bitcoin (BTC) mining pools already signaling support. According to data from Taproot.watch, a webpage created by Bitcoin developer Hampus Sjöberg, Taproot signaling now accounts for about 44% of…
“# Blockcap plans to have 50K Bitcoin miners operational by 2023 ” One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and begun mining other cryptocurrencies. In an announcement from Blockcap today, the mining firm said it planned to have more than 50,000 mining rigs…
“# Experts debate Bitcoin climate footprint in latest Cointelegraph Crypto Duel ” In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the intensity of Bitcoin’s footprint and possible paths forward to reduce it. As pointed out by de Vries, Bitcoin’s energy…