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Bitcoin Mining Legalized in Venezuela, Miners Must Join ‘National Pool’
23.9.2020
The government of Venezuela said that it has legalized bitcoin (BTC) and altcoin mining – but added that miners will have to obtain licenses and agree to be supervised by regulators.
According to media outlet Criptonoticias, the government has issued an official decree stating that all crypto...
Global Hashpower Exchange Launches World’s First Exchange Dedicated to Hashpower Futures – GHPEX.com
22.9.2020
September 22, 2020 – Global Hash Power Exchange today announced the launch of GHPEX.com, the world’s first crypto exchange devoted to trading hashpower futures, signaling the next evolution of crypto trading. Designed for traders and miners in mind, GHPEX.com offers traders the ability...
Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants
22.9.2020
Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that...
Bitcoin Miner Bitfarms Leases 2,000 Rigs From BlockFills, Has Option for Up to 7,000 More
21.9.2020
Bitfarms boost its mining power by 360 PH with the new lease, set to run for 24 months
Three Iranian Power Plants Plan to Sell Electricity to Crypto Miners
21.9.2020
Three Iranian power plants with enough output to supply half of New York City will begin selling some surplus power to crypto miners
Profit taking Bitcoin miners won’t stop the next bull run: On-chain analyst
21.9.2020
Bitcoin miners sold substantial amounts of Bitcoin throughout the past two months, but on-chain analysts believe it won’t stop the next bull run
Ethereum’s Gas Spike Forces Coinbase Pro to Pass Network Fees to Customers
19.9.2020
While Ethereum network fees have jumped to new highs this year, the popular cryptocurrency exchange, Coinbase Pro, announced that the trading platform would be passing network fees onto customers. The move followed the exchange listing Uniswap’s native token UNI, an airdrop that saw miners...
Bitcoin News Roundup for Sept. 18, 2020
18.9.2020
As bitcoin battles to establish a foothold above $11K and with DeFi surging on Ethereum, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Cold Shower For Sweating Bitcoin Miners in Sight as Hashrate Soars
18.9.2020
Bitcoin (BTC) mining difficulty is estimated to hit another all-time high on Saturday and reduce mining profitability, as the computational power of the network is now up by more than 20% since the beginning of August.
Mining difficulty, or the measure of how hard it is to compete for mining...
Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage
13.9.2020
Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners...
Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts
5.9.2020
Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads...
Market Update: Blood in the Crypto Streets, Bitcoin Miner Dumps, CME Gap, Defi Doldrums
4.9.2020
The cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all the crypto coins shaved more than 10% during yesterday’s trading sessions. More than 12 hours later, a number of the top crypto assets are still down in value between 4-12%, and some...
Bitcoin and S&P 500 Correlation Grows, Miners Accumulate BTC Again
4.9.2020
After yesterday’s sell-off in both crypto and stock markets, major cryptoassets remain mostly in the red, although some green shoots have appeared and Bitcoin (BTC) miners sold less BTC. However, US equity futures are mixed as traders wait for the August jobs report today, suggesting that...
Russia’s Latest Draft Bill Would Still Largely Ban Crypto, Stifle Miners
3.9.2020
Russia's Ministry of Finance wants to ban any cryptocurrency payments, which could be bad news for the country's mining farms
Bitcoin Miners Sold 63% More Coins Than Generated In a Day
3.9.2020
With yesterday’s correction in ethereum (ETH) and many DeFi tokens also spilling over into bitcoin (BTC), bitcoin miners sold BTC 844 (USD 9.5m) in a day, or 63% more coins than they generated in the same period of time.
Also, according to data from ByteTree, miners have continued to offload more...
Bitcoin price may spark ‘war of miners’ — 1-day pool outflows hit $18M
3.9.2020
Pools may be attempting to trade the dip, CryptoQuant suggests as its CEO warns about rivalries building
Market Wrap: Bitcoin Falls to $11.1K; Ethereum Miners at Record Fee Percentage
2.9.2020
The bitcoin market went bearish as the price dipped while DeFi fees as a percentage of revenue for Ethereum miners is at an all-time high
Newly Discovered Malware Has Arsenal of Tricks to Help It Steal Crypto
2.9.2020
Cybersecurity researchers said "KyberCibule" covertly mines for privacy coin monero and could also steal victims' passwords and divert crypto funds
Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August
2.9.2020
Ethereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from Glassnode. This is the highest ether miners have earned from transaction...
Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners
2.9.2020
In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto...