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Crypto Dilemma in Indonesia, 'Bitcoin Yield' In Miami, Disney's Metaverse + More News
11.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto Dilemma in Indonesia, 'Bitcoin Yield' In Miami, Disney's Metaverse + More News
Russian Duma creates working group to tackle crypto mining regulations
11.11.2021
Some regulators feel that a lack of clear laws for the industry is helping crypto miners avoid paying taxes
Bitcoin miners look toward nuclear power for sustainable energy
11.11.2021
Several major players say that nuclear energy might be the best choice for Bitcoin miners
Influx of crypto miners to Kazakhstan reportedly strains energy supply
10.11.2021
According to the country's vice minister of energy, addressing the potential strain on Kazakhstan’s power grid from crypto miners “cannot be delayed any longer."
1,000 Bitcoin From 2010 Worth $68M — Mystery Whale Returns Moving a String of 20 Decade-Old BTC Block Rewards
10.11.2021
154 days ago, a mystery bitcoin mining entity spent a string of 20 block rewards from 2010 that sat idle for well over a decade. Our newsdesk has been investigating this bitcoin whale’s actions since catching the entity in 2020. Now after the June 9th appearance, on November 10, the mystery...
Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs
10.11.2021
Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power...
Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs
10.11.2021
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian...
Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners
10.11.2021
A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing...
Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry
10.11.2021
Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin...
Argo Blockchain files for $57.5 million offering of secured notes to fund Texas mining facility
9.11.2021
The company said it intends to use the proceeds for construction costs and rigs at its Texas crypto mining facility, expected to be operational in 2022
Russian Central Bank Says No As Ministries Hope to Legalize Bitcoin Mining
9.11.2021
The Russian Ministry of Economic Development has expressed a willingness to legalize Bitcoin (BTC) and crypto mining, and has the backing of the Ministry of Energy – but as so often is the case with Russian politics and all things crypto-related, the Central Bank wants to throw a spanner into...
Bitfarms Reveals Argentina Mega-Mining Farm Location Details
9.11.2021
Bitfarms, the Canada-based Bitcoin mining unicorn, has at last revealed details about its activities in Argentina. The company says that the Bitcoin mega mining farm, whose construction started last month, will be built in the province of Cordoba, in association with a private power plant. Bitfarms...
A New Semiconductor Manufacturing Competitor Has Entered the ASIC Bitcoin Mining Rig Industry
8.11.2021
While companies like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have ruled the roost in terms of manufacturing application-specific integrated circuit (ASIC) bitcoin miners, a new challenger has entered the competition. A relatively unknown integrated technology firm called AGM Group...
Major Swedish Power Company Defends Bitcoin Mining as Regulators Propose Ban
8.11.2021
A joint statement from the directors-general of the Swedish Financial Supervisory Authority and the Swedish Environmental Protection Agency has called for a total ban on proof-of-work mining of cryptocurrencies, such as Bitcoin (BTC), within the EU. Meanwhile, Sweden’s state-owned power company...
Kazakhstan Senate approves legislation regulating crypto service providers
8.11.2021
The country's legislature has passed a law that would impose financial monitoring on crypto platforms
Bitcoin soft fork days away as Taproot upgrade closes in
7.11.2021
The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes)
Argo Blockchain's Texas mining facility could cost up to $2B
5.11.2021
CEO Peter Wall has cited Texas’ cheap renewable energy as well as its openness to innovation in new technologies as part of the reason for the construction of the data center
Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars
4.11.2021
PrimeBlock’s CEO was involved in the $98 billion direct listing for Coinbase that Goldman Sachs was leading
Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages
4.11.2021
Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding...
Marathon Digital stock reaches 6-year high as company HODLs $460M Bitcoin
3.11.2021
The mining firm said it expects its fleet of 133,000 miners to produce a hash rate of roughly 13.3 EH/s by 2023