Category: Bitcoin Mining

Russian officials consider proposal to mine Bitcoin with associated gas

October 20, 2021

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Russian authorities continue to show increasing interest in cryptocurrencies as Bitcoin nears a new all-time high. 1365 Total views 55 Total shares The Russian government is considering a new project to mine Bitcoin (BTC) with associated petroleum gas. Vasiliy Shpak, Deputy Minister of Industry and Trade of Russia, has reportedly filed a proposal with the Russian […]

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SEC Chair Gary Gensler actually is pro-Bitcoin, Vault Equity CEO argues

October 13, 2021

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Vault recently received approval for an ETF that includes stocks in various crypto-related companies. 499 Total views 16 Total shares The founder of Vault Equity believes that United States regulators have a fair reason to be slow in approving a pure Bitcoin (BTC)-related exchange-traded fund (ETF). Vault Equity CEO and founder Tad Park voiced support for […]

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Bitmain stops shipment of Antminer crypto mining rigs into China

October 10, 2021

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Bitmain plans to identify green energy mining opportunities from power generation projects in Chinese provinces. 672 Total views 11 Total shares Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities. In addition to China’s blanket ban […]

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Powercrypto Holdings to launch BTC & ETH mining in Hong Kong

October 8, 2021

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The venture seeks to utilize sustainable energy practices throughout the operation process. 3668 Total views 41 Total shares A subsidiary of the blockchain software provider Powerbridge Technologies, Powercrypto Holdings, has announced the launch of a sustainable cryptocurrency mining initiative for Bitcoin (BTC) and Ether (ETH) in Hong Kong. The company plans to deploy a total […]

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Canadian Bitcoin mining firm Link Global faces $5.6M penalty

October 5, 2021

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Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action. 299 Total views 2 Total shares Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta. […]

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Actions speak: China’s crypto ban may reveal digital yuan CBDC goals

October 2, 2021

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Chinese regulatory authorities gave yet another shock to the cryptoverse by imposing a ban on all cryptocurrency transactions on Sept. 24. This measure came just as the market was beginning to recover from the government’s June prohibition on cryptocurrency mining activities. The fear, uncertainty and doubt (FUD) that resulted from the ban caused Bitcoin (BTC) […]

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Billion dollar Bitcoin mining industry resumes in Iran after three-month ban

October 1, 2021

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The extreme heat of the summer has subsided, so crypto mining has been given the green light as it can no longer be blamed for stressing the electricity grid. 4215 Total views 22 Total shares The Iranian government will allow licensed cryptocurrency miners to resume operations today following a three-month ban imposed by former President […]

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Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

September 29, 2021

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Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes, and small businesses — nothing quite as high profile as the country’s largest stock exchange. 6817 Total views 61 Total shares Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency […]

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100 years ago, Henry Ford proposed ‘energy currency’ to replace gold

September 18, 2021

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Bitcoin appears to meet the definition of an energy-backed currency proposed by the famed American inventor during the interbellum period. 904 Total views 6 Total shares In 1921, American industrialist Henry Ford proposed the creation of an “energy currency” that could form the basis of a new monetary system — offering striking similarities to the […]

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Russian Duma wants to regulate crypto mining as business

September 9, 2021

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Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. 229 Total views 59 Total shares As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, […]

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