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Mad Money’s Jim Cramer Dumps His Bitcoin Over China Mining Crackdown and Ransomware Concerns
22.6.2021
Mad Money host Jim Cramer said he has sold almost all of his bitcoin. He cited the Chinese government’s crackdown on bitcoin mining and concerns over bitcoin’s role in ransomware attacks. Jim Cramer Worried About China’s Mining Crackdown and Ransomware, Sold Almost All His Bitcoin...
400+ Miners Seized in Venezuela Due to Lack of Permits
21.6.2021
Authorities seized more than 400 Bitcoin miners in Venezuela this weekend in two major confiscations. Local reports indicate military personnel seized 332 miners from a transport truck. In another procedure, authorities seized 72 miners hidden in a house. These activities resulted in...
Nvidia GPU prices in China fall amid crypto mining crackdown
21.6.2021
Graphics card prices in China reportedly dropped as much as two-thirds on Chinese e-commerce websites
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
21.6.2021
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin...
90% of Bitcoin Mining Shutdown in Sichuan, China
21.6.2021
The Chinese government has been cracking down on Bitcoin for a long time now. The latest assault has been the participation of Sichuan province in the move to erase the cryptocurrency mining industry in China. The prohibition of Bitcoin mining in Sichuan was passed on June 20, 2021. Ya’an Energy...
Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting
20.6.2021
The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s...
Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine
20.6.2021
Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas...
Cornell Economist Says Bitcoin Has 3 Flaws Driving People to Search for Better Alternatives
20.6.2021
Cornell University professor of economics and former head of the IMF’s China division, Eswar Prasad, sees three major flaws in bitcoin. Because of these flaws, the professor says that “bitcoin really has set off something of a search for a better alternative.” Cornell...
Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery
19.6.2021
Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns...
Miami Mayor Tries to Entice China’s Bitcoin Miners — ‘We Want You to Be Here’
18.6.2021
Miami’s Mayor Francis Suarez told the press on Thursday that his city was open to bitcoin miners from China who are flocking to find new homes. Suarez says he hasn’t actually talked to any miners from China but said he wants them to know the opportunity is there. Miami’s Mayor...
Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst
18.6.2021
Bitcoin's production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows
Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report
18.6.2021
According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed closely in recent times as it’s estimated that a large demographic of miners are situated in the region....
Miami mayor offers city's clean nuclear power to Chinese Bitcoin miners
18.6.2021
Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply
Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week
18.6.2021
The mining company Bitfarms has revealed the firm will commence trading on Nasdaq Global Select Market starting on June 21. The firm claims to process 1% of the global hashrate and with “99% green hydroelectricity.” Bitfarms Renewable Operations to List on Nasdaq Global Select Market...
City in Sichuan reportedly orders crypto miners to shut down for investigation
18.6.2021
Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations
Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes
17.6.2021
Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners....
Genesis Digital Assets Purchases 10,000 Bitcoin Miners from Canaan
17.6.2021
The Beijing-based ASIC mining rig manufacturer Canaan announced the sale of 10,000 bitcoin mining machines to the firm Genesis Digital Assets Limited. Canaan plans to deliver the 10,000 A1246 and A1166 Pro Avalonminers by the end of the month. Canaan to Deliver 10,000 Bitcoin Miners to Genesis...
Estonian IT company inks $26M crypto mining deal with Bitmain
16.6.2021
Burfa intends to purchase new cryptocurrency mining equipment from Bitmain to boost its data-center capacity
Utopia P2P’s Crypton (CRP) is the Future of Cryptocurrency Mining
16.6.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Among the most popular cryptocurrencies for mining are Bitcoin, Ethereum, Filecoin, Chia. Each has a relatively high investment risk, poor outlook, and questionable use-cases. What if there were a cryptocurrency...
Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program
16.6.2021
The Kyber Network is set to float a $30 million liquidity mining program on both Ethereum and Polygon pools