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BIT Mining Limited, the fifth-largest mining pool by hash rate in the world, announced Tuesday that it had successfully transported the first of three mining machine shipments from Sichuan, China to the Central Asian nation of Kazakhstan. The initial shipment contained over three hundred mining machines with a potential hash
China is busy banning Bitcoin — again. The People's Bank of China (PBOC), the country's central bank, has ordered four state-owned banks as well as major payment service provider AliPay to cut off any Bitcoin-linked transactions. Following a discussion held with a number of financial institutions, the
The United States Securities and Exchange Commission (SEC) has postponed its decision on yet another Bitcoin exchange traded fund, according to a filing released on Tuesday. The filing was in response to a proposed rule change that would allow Valkyrie Digital Assets to create a Bitcoin ETF for customers within
News • Bitcoin • Jun 22, 2021
The United States Securities and Exchange Commission (SEC) has postponed its decision on yet another Bitcoin exchange traded fund, according to a filing released on Tuesday. The filing was in response to a proposed rule change that would allow Valkyrie Digital Assets to create a Bitcoin ETF for customers within
News • Bitcoin • Jun 22, 2021
BIT Mining Limited, the fifth-largest mining pool by hash rate in the world, announced Tuesday that it had successfully transported the first of three mining machine shipments from Sichuan, China to the Central Asian nation of Kazakhstan. The initial shipment contained over three hundred mining machines with a potential hash
News • Bitcoin • Jun 21, 2021
China is busy banning Bitcoin — again. The People's Bank of China (PBOC), the country's central bank, has ordered four state-owned banks as well as major payment service provider AliPay to cut off any Bitcoin-linked transactions. Following a discussion held with a number of financial institutions, the
News • Politics • Jun 20, 2021
MicroStrategy now holds more than 100,000 bitcoin, currently worth over $3 billion in value. The business intelligence firm has long become the largest publicly listed HODLer. Less than a year after its initial $250 million purchase, MicroStrategy has now cracked the 100,000 bitcoin mark, meaning just under 5%
News • Bitcoin • Jun 20, 2021
China's crackdown on Bitcoin mining is beginning to materialize as restrictions expand to the Sichuan province, one of the main regions used for Bitcoin mining in the country. On Friday, the Sichuan Provincial Development and Reform Commission issued a joint notice with the Sichuan Energy Bureau demanding the
News • Economy • Jun 18, 2021
Historically, one of the most prominent attack vectors cryptocurrency exchanges have had to deal with were their hot wallets — wallets connected to the internet that hold a certain amount of funds to provide instant liquidity to users in the event of rapid influx of deposits or withdrawals. Being online most
News • Business • Jun 16, 2021
The World Bank will not help El Salvador with its implementation of Bitcoin as legal tender. "We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes," a spokesperson from the World Bank is quoted saying, according to a Reuters report. The
News • Economy • Jun 16, 2021
The Lightning Network's bitcoin capacity has never been higher than it is today. Over 1,512 bitcoin are now locked up in Lightning channels; 60% more than a year ago. In U.S. dollar terms, that's just shy of $60 million, which, while lower than the
News • Technology • Jun 15, 2021