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Bitcoin News Roundup for Feb. 6, 2020
6.2.2020
With bitcoin headed back up towards $10,000, Markets Daily is back with a quick, time saving bitcoin-focused news roundup
Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders
3.2.2020
Bitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels. Sources say Bitmain and Innosilicon are delaying mining device shipments as well. Also read: How...
Jiang Zhuoer Restructures Development Funding Proposal for Bitcoin Cash
1.2.2020
On January 31, Btc.top founder Jiang Zhuoer addressed the Bitcoin Cash (BCH) community again after his initial proposal last Wednesday was met with mixed responses. Zhuoer changed a number of specifics within the proposed Infrastructure Funding Plan for Bitcoin Cash and hopes the community will...
Ethereum Miners’ ETH Holdings Near Record Highs
31.1.2020
Ethereum miners are hoarding ether tokens, and this could indicate high confidence in the project
Zcash Community Votes to Distribute 20% of Mining Rewards to Infrastructure Development
31.1.2020
The Electric Coin Company, a group that supports the development of Zcash (ZEC), announced the community has voted to distribute 20% of the ZEC network’s mining rewards to infrastructure and marketing development. The ZEC development funding proposal was initiated because the coin’s...
Bitcoin.com Update: Dev Fund Proposal ‘Will Not Go Through’ Without More Agreement
28.1.2020
The BCH infrastructure funding proposal initially announced by Jiang Zhuoer on January 22 will not go through as planned without greater agreement in the Bitcoin Cash community, Bitcoin.com has announced via a read.cash post uploaded today. Also Read: Heated Debate Continues Over Bitcoin Cash...
Over 1,000 Bitcoin Miners Granted Licenses in Iran: Report
27.1.2020
Iran is said to be issuing licenses to miners after new legislation was brought in last year
Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends
26.1.2020
The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin...
Litecoin Creator Proposes Miners Voluntarily Donate 1% for Development
25.1.2020
Litecoin’s creator Charlie Lee proposes mining pool donations as a solution to funding issues
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...
What Is the Ideal Block Size and Fee Cost?
24.1.2020
Many of the debates around block size in Bitcoin operate under the false premise that the question can even be properly answered by a central authority. But markets are better at deciding these questions and block sizes and fee costs should be worked out by miners and users, not development...
Has Quebec Missed the Ship for Attracting Cryptocurrency Miners?
23.1.2020
An uncertain regulatory regime regarding power distribution in Quebec has apparently drove crypto mining firms out of the province
Bitcoin Cash Miners Propose Controversial Soft Fork for Zcash-Style Development Fund
23.1.2020
The proposed fork will see 12.5 percent of block rewards diverted to a new BCH-specific development fund. Reactions have been mixed
Cryptoverse Stunned as Jihan Wu, Roger Ver Sign a Threat to Bitcoin Cash Miners
23.1.2020
As a group of mining pools announced their infrastructure funding plan for Bitcoin Cash (BCH), the crypto industry players are discussing if this is a dictatorial move, if it's a soft work, and to how many more forks it may lead.
Jiang Zhuoer, CEO of one of the largest mining pools on Bitcoin Cash...
Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block Rewards
22.1.2020
A group of Bitcoin Cash mining pool operations have decided to help fund BCH infrastructure development. On January 22, Btc.top founder Jiang Zhuoer revealed that five mining pools are preparing a short-term developers donation plan. Miners from Btc.top, Bitcoin.com, Viabtc, Antpool, and Btc.com...
Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange
22.1.2020
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency...
Developer Proposes Decentralized Bitcoin Hashrate Derivatives
20.1.2020
There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory...
How Was It Possible for Bitmain to Oust Its Largest Shareholder Overnight?
20.1.2020
Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan
Uzbekistan to Create National Mining Pool, Launch Licensed Exchange
16.1.2020
Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed...
Tokyo-Based Zigmabit Offers Mining Rigs for Homes and Offices
14.1.2020
Cryptocurrency mining develops rapidly like any high tech sector. Improvements in the hardware and auxiliary systems make it possible to design mining rigs that are more compact and silent than they used to be, while also profitable to run. Zigmabit is a manufacturer that assembles units suitable...