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Bitcoin mining has one of the highest sustainable energy mix of all global industries, according to the first report by the Bitcoin Mining Council. The executive summary of the report provides a strong rebuttal to detractors of the industry, stating that “Bitcoin mining uses negligible amounts of energy, is rapidly
Last weekend saw a wave of new restrictions come crashing down on cryptocurrency exchanges throughout the world. The primary crackdown targets were leveraged trading and other risky derivative products, although major exchanges were also barred from operating in certain jurisdictions altogether. Binance and Huobi, two of the largest exchanges in
As Bitcoin underwent its largest downward difficulty adjustment in history, miners may have rejoiced: the 27.94% reduction in difficulty makes mining easier and therefore more profitable for current miners. The drop corresponds with the large amount of miners being pushed offline in China in recent weeks. The difficulty level
News • Bitcoin • Jul 04, 2021
As Bitcoin underwent its largest downward difficulty adjustment in history, miners may have rejoiced: the 27.94% reduction in difficulty makes mining easier and therefore more profitable for current miners. The drop corresponds with the large amount of miners being pushed offline in China in recent weeks. The difficulty level
News • Bitcoin • Jul 04, 2021
Bitcoin mining has one of the highest sustainable energy mix of all global industries, according to the first report by the Bitcoin Mining Council. The executive summary of the report provides a strong rebuttal to detractors of the industry, stating that “Bitcoin mining uses negligible amounts of energy, is rapidly
News • Bitcoin • Jul 01, 2021
Last weekend saw a wave of new restrictions come crashing down on cryptocurrency exchanges throughout the world. The primary crackdown targets were leveraged trading and other risky derivative products, although major exchanges were also barred from operating in certain jurisdictions altogether. Binance and Huobi, two of the largest exchanges in
News • Bitcoin • Jun 28, 2021
Bitcoin is headed for what is expected to be the largest downward difficulty adjustment in its history. As China has effectively opted out of Bitcoin by instructing banks and payment service provides to cut off Bitcoin-linked transactions and ordering miners in various regions to shut down their operations, Bitcoin miners
News • Economy • Jun 27, 2021
Tanzania's central bank is reportedly working on a directive from the country's president Samia Suluhu Hassan to prepare for cryptocurrencies. The developments could hint at a possible reversal of the central bank's stance on Bitcoin, Reuters reports. In 2019, the Tanzanian central bank publicly
News • Economy • Jun 24, 2021
A national address to El Salvador's citizens saw a first today: a president conducting a tutorial on how to use a Bitcoin wallet. And not any Bitcoin wallet: as Bukele announced previously, the Salvadoran government is working on a wallet application for the country to support the addition
News • Economy • Jun 24, 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