China’s Inner Mongolia region studies the initiative to limit high energy consumption activities, including crypto mining … [Read more...] about China’s region tries to ban crypto mining farms
SBI Holdings and GMO Internet to mine bitcoin at world’s largest crypto mining facility
The Japanese corporate giants SBI Holdings and GMO Internet are set to start mining bitcoin at the new crypto mining facility in Rockdale, Texas, according to Bloomberg sources. … [Read more...] about SBI Holdings and GMO Internet to mine bitcoin at world’s largest crypto mining facility
Chinese miners control 65% of bitcoin network’s processing power
According to CoinShares research, China’s bitcoin miners now control almost two-thirds of the crypto-network’s hashrate, which is a general measure of the processing power of the bitcoin network. … [Read more...] about Chinese miners control 65% of bitcoin network’s processing power
Crypto news in brief (July 31, 2019): Ripple, Fortaleza, bitcoin mining, money laundering
- Ripple has partnered with Kyoto University and the University of Tokyo - Fortaleza will start accepting bitcoin as payment for bus tickets - Bitcoin mining is likely responsible for 0.03-0.06% of global energy-related CO2 emissions - Fiat currency is used 800 times more often in money laundering schemes than bitcoin … [Read more...] about Crypto news in brief (July 31, 2019): Ripple, Fortaleza, bitcoin mining, money laundering
Iran legalizes cryptocurrency mining
The Iranian government has authorized cryptocurrency mining as an industrial activity. … [Read more...] about Iran legalizes cryptocurrency mining
Crypto news in brief (April 9, 2019): Bitfinex, China, mining, Coinbase, Western Union
- Bitfinex removed minimum equity requirement of $10,000 to trade on its platform - China may prohibit crypto mining - Coinbase has added support for EOS, REP and MKR - Western Union has partnered with blockchain startup Coins.ph … [Read more...] about Crypto news in brief (April 9, 2019): Bitfinex, China, mining, Coinbase, Western Union
GMO Internet quits selling mining hardware
Japanese IT giant GMO Internet has announced it expects a record loss of ¥35.5 billion (~ $325 million) related to crypto mining business in Q4 2018. The company will stop manufacturing it’s crypto mining hardware. … [Read more...] about GMO Internet quits selling mining hardware
Slight break for bitcoin miners as network difficulty goes down
A recent plunge in bitcoin value has pushed numerous miners to turn off their equipment. However, new difficulty level makes mining more profitable. … [Read more...] about Slight break for bitcoin miners as network difficulty goes down