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Elon Musk’s Bitcoin Mining Council Fuels Controversy
Elon Musk’s Bitcoin Mining Council Fuels Controversy
News  •  Business  •  May 24, 2021 by Shao H. Wang

Elon Musk and Microstrategy CEO Michael Saylor have come under fire after announcing the formation of a Bitcoin Mining Council to promote sustainability initiatives. The Bitcoin Mining Council is the result of a meeting between North American Bitcoin miners who have committed to publishing the details of their renewable energy

Bitcoin Mining Firms React to China's Announced Crackdown
Bitcoin Mining Firms React to China's Announced Crackdown
News  •  Business  •  May 23, 2021 by Thomas M

Bitcoin mining firms BTC.TOP and Huobi Mall have reacted to recent developments surrounding Bitcoin mining in China. The move comes after a statement was published by the Financial Stability and Development Committee of China's State Council summarizing a State Council meeting held by Vice Premier Liu He

Taproot Activation Appears Probable Despite Holdouts
Taproot Activation Appears Probable Despite Holdouts

A new Taproot signaling period has begun, and activation looks likely. Although it is only one day into the two-week signaling period, 97.92% of mined blocks have signaled readiness for Taproot deployment. The activation process follows the rules specified in Speedy Trial, which requires that 90% of blocks mined

News  •  May 29, 2021
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Taproot Activation Appears Probable Despite Holdouts
Taproot Activation Appears Probable Despite Holdouts

A new Taproot signaling period has begun, and activation looks likely. Although it is only one day into the two-week signaling period, 97.92% of mined blocks have signaled readiness for Taproot deployment. The activation process follows the rules specified in Speedy Trial, which requires that 90% of blocks mined

News  •  May 29, 2021
Elon Musk’s Bitcoin Mining Council Fuels Controversy
Elon Musk’s Bitcoin Mining Council Fuels Controversy

Elon Musk and Microstrategy CEO Michael Saylor have come under fire after announcing the formation of a Bitcoin Mining Council to promote sustainability initiatives. The Bitcoin Mining Council is the result of a meeting between North American Bitcoin miners who have committed to publishing the details of their renewable energy

News  •  Business  •  May 24, 2021
Bitcoin Mining Firms React to China's Announced Crackdown
Bitcoin Mining Firms React to China's Announced Crackdown

Bitcoin mining firms BTC.TOP and Huobi Mall have reacted to recent developments surrounding Bitcoin mining in China. The move comes after a statement was published by the Financial Stability and Development Committee of China's State Council summarizing a State Council meeting held by Vice Premier Liu He

News  •  Business  •  May 23, 2021
China's History of Bitcoin Bans
China's History of Bitcoin Bans

Like clockwork, China has released a number of statements over the past few days that shook the markets and, in part, the public perception of Bitcoin. Why like clockwork? Because among many long-time HODLers, the announcement has invoked memories from the past few years, which have seen numerous warnings, restrictions,

News  •  Politics  •  May 21, 2021
University of Pennsylvania Receives Anonymous $5 Million Bitcoin Donation
University of Pennsylvania Receives Anonymous $5 Million Bitcoin Donation

The University of Pennsylvania has received an anonymous donation of $5 million worth of bitcoin — the largest cryptocurrency donation ever sent to the school. The Philadelphia Ivy League university shared the news in a press release on Thursday, adding that it plans to use the funds to support the "

News  •  Bitcoin  •  May 19, 2021
Bursting the Elon Bubble: Why Everybody's Mad At Musk
Bursting the Elon Bubble: Why Everybody's Mad At Musk

There’s blood in the streets, and over the weekend, a hero was slain. The Bitcoin market is on a crazy rollercoaster ride since Tesla chief executive Elon Musk announced in a Tweet on Thursday that the firm would halt Bitcoin payments due to environmental concerns. Since then, a lot

News  •  Bitcoin  •  May 16, 2021
Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin
Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin

The world's largest stablecoin has had its fair share of media exposure during the latest Bitcoin bull market as critics questioned its backing, even going as far as to allege Bitcoin price manipulation through the use of Tether (USDt). In March, the New York Attorney General's

News  •  Business  •  May 12, 2021
As Elon Ditches Bitcoin Payments, Bitcoiners Ditch Their Tesla Orders
As Elon Ditches Bitcoin Payments, Bitcoiners Ditch Their Tesla Orders

$10,000 red candles appear less shocking the second time around. And although Bitcoin is on its way to recovery following a near-instant crash to $45,000, the culprit remains the center of attention: Elon Musk, who sent waves of shock, confusion, and outrage through the wider Bitcoin space when

News  •  Business  •  May 12, 2021
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