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Israel's Pro Crypto Move, Shanghai's Metaverse, Bitcoin-Backed USD 100M Credit Facility + More News
31.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Israel's Pro Crypto Move, Shanghai's Metaverse, Bitcoin-Backed USD 100M Credit Facility + More News
Kevin O'Leary says his crypto holdings could reach 20% of portfolio
30.12.2021
Clearer regulations around stablecoins could make crypto a more viable investment option, according to the Shark Tank star
Iran halts authorized crypto mining to save energy for winter
27.12.2021
Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer
Recent Chinese Bitcoin Court Ruling ‘Not an Isolated Case’ & Part of ‘an Ongoing Trend’
27.12.2021
A court ruling in China from earlier this month claiming that a Bitcoin (BTC) mining contract was “void” was not an outlier, according to a new report, which added that Chinese courts have made similar rulings prior to the crackdown this year....
Read More: Recent Chinese Bitcoin Court Ruling...
Marathon Announced New Purchase of Bitmain Miners, Expects to Reach 23.3 EH/s for Early 2023
25.12.2021
Marathon, one of the leading bitcoin mining companies in North America announced it has entered a new purchase agreement with Bitmain, a bitcoin mining machine manufacturer. This deal would allow them to acquire an undisclosed number of Antminer S19 XP models, an ASIC capable of delivering 140 TH/s...
Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’
24.12.2021
Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list...
Argo Blockchain among most traded stocks by Fidelity customers
23.12.2021
Shares of the mining firm beat out BP and Lloyds Banking Group to become one of the stocks most actively traded by Fidelity customers in 2021
Bitcoin’s Hashpower Remains High, Up 163% in 5 Months, Foundry USA Commands Top Mining Pool
23.12.2021
The hashpower behind the Bitcoin network has continued to stay above the 180 exahash per second (EH/s) zone after recently reaching a lifetime high. Five months ago the hashrate tapped a low at 69 EH/s and since then, the hashpower has increased by 163% during the last 178 days, or five months ago....
Paraguay moves a step closer to regulating digital currency
23.12.2021
A bill that seeks to regulate the local cryptocurrency industry has passed the the Senate of Paraguay
Hive Blockchain on track to mine more Bitcoin, less Ether this quarter
22.12.2021
The Canadian mining firm expected its Ether production to decrease by more than 20% quarter over quarter, while its Bitcoin mining would rise a modest 2%
Inside the Iranian Bitcoin mining industry
21.12.2021
20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims
20.12.2021
As much as 20% of the world’s total bitcoin (BTC) mining hashrate may still be based in Mainland China despite September’s crackdown, a new report has indicated.
Although Beijing has been seeking to make an example of miners who continue to defy its blanket ban on mining, authorities in...
Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets
17.12.2021
The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation...
Illegal Crypto Miners Threatened With Jail Time in Russia
17.12.2021
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state...
Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official
17.12.2021
Russian lawmakers’ seemingly endless quest to introduce crypto regulation in the country could culminate in a complete ban on the ownership and purchase of coins, says the elusive regulation’s chief architect....
Read More: Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official
Bitcoin Mining Contracts Ruled “invalid” By Beijing Court
16.12.2021
In a decision that demonstrates China’s judiciary has no intention of acknowledging and safeguarding cryptocurrency-related concerns, a court in Beijing has dismissed a lawsuit demanding compensatory damages from a blockchain business after its customer failed to earn money on bitcoin mining....
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms
16.12.2021
A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests....
Luno CEO: ‘Industry Accelerated a Lot Faster This Year Than We Anticipated’
16.12.2021
The pace of the crypto industry’s acceleration in 2021 has surprised many, including Marcus Swanepoel, CEO of cryptocurrency exchange Luno. Swanepoel recently remarked: “We knew it was coming, but just not that fast, particularly in certain subsectors like NFTs and some...
Bitcoin Mining Hash Rate to Double in 2022, Compute North CEO Predicts
16.12.2021
With all of the new capacity that is being promised by major bitcoin (BTC) miners, the bitcoin network’s hash rate – or the computing power that goes into mining new coins – is likely to grow twice the current number over the following year, suggested Dave Perrill, CEO of mining infrastructure...
Beijing court rejects monetary compensation in Bitcoin mining contract plea
16.12.2021
The plaintiff in the case demanded 217.7 BTC in compensation for his Bitcoin mining infrastructure investment