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Ethereum hash rate scores new ATH as PoS migration underway
28.1.2022
The hash rate surpassed 1.11 PH/s for the first time ever, breaking the previous high of 1.08 PH/s set on Jan. 13
Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate
6.1.2022
Measures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the civil unrest caused by rising fuel prices and a worsening economy, the government restricted access to the internet and closed...
With Omicron Looming, Japan Institutes More Travel Bans
1.12.2021
Since spring 2020, Japan has banned foreign visitors from entering the country. There have been exceptions—some fair, some not. Last month, Japan began opening the border to business travelers and students. And then, Omicron hit. Read more
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
25.11.2021
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest...
Paribus and Milkomeda Join Hands for Cardona Migration
18.11.2021
After the previous week’s announcement, Paribus shared another news that brings its project near and turns into Cardano’s primary transaction platforms. The latest announcement is about the integration with Milkomeda sidechains into the Cardano network. Utilizing Milkomeda’s service...
Phoenix Global token soars by 5,600% in just four minutes — But there's a catch
5.11.2021
Phoenix Global quickly became the 52nd largest cryptocurrency by market cap
Terra to Apply Columbus 5 Mainnet Migration
30.9.2021
Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints...
Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed
21.9.2021
According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However...
Wormhole Network Launches Ethereum Solana Bridge, Solana AMM Saber Surpasses $4 Billion TVL
19.9.2021
On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Network’s ethereum – solana bridge, which means assets between each chain can be intermingled. The launch announcement notes that Saber, the Solana-fueled protocol with more than $4 billion...
Altcoin Roundup: High Ethereum fees kick-start a liquidity migration to layer-1 platforms
11.9.2021
Ethereum competitors and layer-one projects are capitalizing on the network’s untenable gas fees by launching mining and developer incentives that are also boosting token prices
Early Bird Migration Revives On The NEO N3 Network
17.8.2021
The Neo crypto network faced an unfortunate cyber attack on August 10th, 2021. Luckily, no Neo crypto funds were harmed due to the cyber attack. Due to this criminal security breach, The Neo crypto establishment has chosen to delay the Neo Legacy service of early bird migration. Presently,...
Centric Completes Migration to Binance Smart Chain
16.8.2021
PRESS RELEASE. After two-and-a-half years on the TRON blockchain, cryptocurrency project Centric completed their migration to the Binance Smart Chain (BSC). Centric announced the decision to migrate in May. Later that month, cybersecurity firm iosiro completed an audit of the updated BSC smart...
Millions of Latest Antminers S19i Are Ready – BitFuFu Cloud Hashrate Platform Restarts Running Plan
4.8.2021
PRESS RELEASE. Since May 30, the BTC mining difficulty has lowered for 4 times in a row. The mining rig migration is continuing, leading to a surge of incomes in mining farms outside China. With early layout of mining farms outside China, BitFuFu takes the lead to restart running plan and restock...
Introducing Lisk Mainnet V3 Migration
29.7.2021
Lisk announced the migration of v3 after the successful migration of Lisk Testnet v3. The migration of Lisk mainnet v3 shall take place at the block height of 16,301,501 that will be attained on around 24th August. At present, every product dependency of Lisk, which includes Lisk Core 3.0.0, Lisk...
Iran Raises Alarm Over Potential Influx of Miners From China
28.7.2021
With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible...
BTC Mining Migration, Challenges & Forecasts for the Post-crackdown Industry
25.7.2021
Bitcoin (BTC) mining is on the move. Once the preserve of China and its vast stores of energy, it’s now increasingly setting up elsewhere in the world, with its migration accelerated by the recent governmental crackdown in the Asian nation.
As reported, the Cambridge Centre for Alternative Finance...
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
15.7.2021
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s...
Centric’s Migration to Binance Smart Chain
15.7.2021
Centric made the recent announcement of migrating to Binance Smart Chain (BSC). The tokens of Centric, Centric Cash, and Centric Rise will become a part of the standard native token BEP-20 at the BSC. The official migration of Centric to BSC shall take place on July 15, 2021. The platform...
Bingbon Adds Ruble, Hryvnia, and Tenge Support in Bid to Expand Geographical Presence
15.7.2021
A tie-up between payment processor Advcash and Bingbon will help the social cryptocurrency trading exchange extend its services to Ukraine, Kazakhstan, and Russia through a newly introduced fiat on and off-ramp. Eastern European Fiat Support Echoes Regional Crypto Adoption Outside of North America...
Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’
23.6.2021
Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below...