Mining digital assets in Russia could take a new turn in the near future as regulators in the European country are considering using waste natural gases for mining purposes, this was revealed by a report from a local media house, Kommersant. Gas flares for crypto mining According to the...
The article was reportedly authored by the Loudi Taxation Bureau of the Chinese State Tax Administration.
The American dream of owning a home and financial freedom has been killed by the inequality in our legacy system. But Bitcoin offers a new dream.For decades, home ownership has been the vehicle through which the middle class prospered. Unfortunately, with institutional and foreign investors bidding up home prices and the money printer going brrr, the “American dream” is now out of...
A new Chainalysis report has revealed that thanks to growth in the DeFi space, North America is now the second-largest crypto market in the world while the dominance of East Asia has dropped significantly as it now ranks fourth in the world. Defi pushing North...
Latest data shows the leading global Bitcoin hashrate now resides in the US as a result of China's crackdowns on mining. US Leads In Bitcoin Hashrate, Kazakhstan And Russia Follow After As per a report from the University of Cambridge, the US is now leading the global BTC hashrate, with Kazakhstan and Russia following soon after. The Bitcoin "...
The Central Bank of China earlier this month issued a new set of crypto crackdown guidelines which is being seen as the most comprehensive one to date. The draft law deemed all crypto-related transactions illegal, ordered authorities to crackdown and remove small and medium mining operations being carried on in homes and rural provinces, and The post Crypto Ban: China to Investigate Government...
Greg Foss discusses, Evergrande, China's high-yield market and his valuation model for bitcoin.Watch This Episode On YouTubeListen To This Episode:...
The United States is now the epicenter for Bitcoin Mining, accounting for 35.4% of the global hash rate at the end of July 2021.The United States is now the epicenter for Bitcoin Mining, accounting for 35.4% of the global hash rate at the end of July 2021, according to a Cambridge Centre for Alternative Finance study published on Wednesday. The increase is...
Bitcoin mining data from this latest quarter demonstrate that the industry is undergoing a Renaissance spurred by China’s ban.Q3 2021 is in the books, and beginning as it did with China’s Bitcoin mining ban as its backdrop, it marked perhaps the most historic shift in Bitcoin’s mining market to date. Since the beginning of the ASIC...
Reading Time: 2 minutes Bitmain has confirmed that it will cease selling its Antminer products to mainland China Such an action was mooted two weeks ago in response to China’s crackdown on Bitcoin mining Bitmain will have to work hard to reclaim its lost customer base...
On Friday, October 8, 2021, McDonald's China announced the release of its first NFT in celebration of its 31st anniversary of entering the Chinese mainland market. And also, the official opening of its new headquarters...
China has once again reinforced its position on cryptocurrencies. Even though crypto mining is illegal in the country, some have chosen to operate illegally. To this effect, China has added crypto-mining to the ‘negative list’ of industries. This latest effort means that investors can no longer invest in the crypto mining sector. A document released by two National Authorities...
China's strict stance on cryptocurrencies continued to play out after the recent crackdown guidelines by the Central Bank. Recent reports suggest that China is now planning to add crypto mining to the "Negative List" of industries that would prohibit investors from making investments in the industry. The negative list industries are prohibited or restricted from The post China Adds Crypto Mining Under "Negative...
Potential Federal Reserve tapering, blackouts in China and global energy crises are sending markets into turmoil. How does bitcoin fit in?In this episode of Bitcoin Magazine’s “Fed Watch'' podcast, hosts Christian Keroles and myself, Ansel Lindner, gave an update on the Federal Reserve, the energy crisis in Europe and Asia, and Chinese blackouts. It is a very pivotal time for markets...
Amid the recent crackdown against the cryptocurrency space by several governments and state-controlled central banks, new reports are suggesting a global campaign to attack Bitcoin and the crypto industry. Edward Snowden, a former CIA consultant, via his Twitter handle disclosed that there was a global campaign to attack Bitcoin. Snowden is suggesting...
It appears centralized exchanges are the most affected in China’s new ban on crypto trading as another exchange, KuCoin, has advised its China’s mainland users to move their digital assets to another platform before the end of the year. Kucoin tells Chinese users to use other platforms KuCoin, which is one of the world’s largest crypto exchanges, made this known via a...
On Sunday evening famous whistleblower Edward Snowden commented on Bitcoin’s resilient price rise over the last year and a half despite global campaigns by governments to undermine the network.On Sunday evening famous whistleblower Edward Snowden commented on Bitcoin’s resilient price rise over the last year and a half despite global campaigns by governments to undermine the network. “Sometimes I think back...
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