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Turkish customs confiscate over 500 smuggled Bitcoin mining rigs
14.5.2021
Turkey’s biggest bust against crypto mining smugglers resulted in the seizure of $600,000 worth of illegal Bitcoin ASIC miners and the detention of four suspects
The Aspiring Answers to Bitcoin’s Enormous Energy Footprint
14.5.2021
Following a tweet from Elon Musk highlighting Tesla’s suspension of bitcoin payment acceptance due to sky-high energy needs, the industry quickly responded by highlighting the capable solutions that already address this drawback. Musk’s Comments Conveniently Ignore Reality of Blockchain...
Elon Musk loses $20B since SNL, as Michael Saylor comes out firing
14.5.2021
Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame
While Bitcoin’s Price Slumps the Network’s Mining Difficulty Reaches a Lifetime High
13.5.2021
After bitcoin prices took a hit following Tesla’s recent u-turn, Bitcoin’s mining difficulty jumped over 25 trillion, the highest the metric has seen during the protocol’s lifetime. The mining difficulty spike follows the recent 12% difficulty drop the network experienced...
What Is Nano? Fee-Free Crypto Asset Gains 60% Intraday
13.5.2021
Nano, a relatively obscure cryptocurrency, managed to catch the spotlight yesterday due to its singular transactional proposal. But, what is Nano really, and why did the token manage to skyrocket more than 60% in just a few hours? Nano and Its Fee-Free Approach Nano, a fairly unknown cryptocurrency...
Mark Cuban counters Elon Musk, says Mavs will continue to accept Bitcoin
13.5.2021
The Dallas Mavericks owner contends that Bitcoin replacing the legacy financial system will be a net positive for society and the environment
Which 'green' cryptocurrency is Tesla likely to add for payments?
13.5.2021
Elon Musk revealed that Tesla will halt all BTC transactions due to environmental concerns, with the firm set to look at more energy-efficient cryptocurrencies
Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues
13.5.2021
Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns “about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Tesla Stops Accepting...
Raze Launches Liquidity Mining Program, Staking to Incentivize Users
12.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Raze Network, the first Polkadot-based cross-chain privacy protocol, announced its public distribution sale on Balancer Liquidity Bootstrapping Pool to make Raze tokens accessible in a fair, linear...
Bitcoin Mining Difficulty is Set for an ATH As Miners Send Bullish Signs
12.5.2021
Bitcoin (BTC) mining difficulty is set for a new all-time high (ATH), cutting into the profit margins of BTC miners that are still estimated to increase the computing power of the network even more despite the price of BTC has been stuck in a range recently.
The measure of how hard it is to compete...
Urban Tea Now Accepts Cryptocurrencies Including Dogecoin
12.5.2021
A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies. Chinese Tea Stores...
Chia network not so green? CPU mining reportedly destroys SSD in weeks
11.5.2021
If you want to save the world, it's going to take a lot of hard drives
Kazakhstan’s government to create roadmap for developing crypto market
11.5.2021
Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market
HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies
10.5.2021
Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property
Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’
10.5.2021
A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining...
Canadian Bitcoin ETF issuer seeks ‘green BTC’
10.5.2021
Ninepoint will allocate part of its management fees to even out the carbon footprint of Bitcoin in its exchange-traded fund product
Bitcoin Mining Operation Bitfarms to be Listed on Nasdaq Following DTC Eligibility
9.5.2021
The Toronto-based Bitcoin mining operation Bitfarms announced the company has been approved for a common stock listing on Nasdaq Global Market tier. The company is already listed on the Toronto Stock Exchange (TSX) and the firm’s Nasdaq listing will be listed under the ticker symbol...
Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders
8.5.2021
The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. Traders will bear full responsibility for the risks, the bank cautioned...
South Korea to Impose a 20% Tax on Crypto Mining Activities
8.5.2021
The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published...
Marathon Mines First OFAC Compliant Bitcoin Block
7.5.2021
Marathon, one of the biggest bitcoin mining dedicated companies in the U.S. and Canada, has mined the first OFAC compliant bitcoin block, only accepting transactions that comply with the directives of this government office. This has caused a stir in libertarian circles, that argue this can be...