Category: Mining

Bill banning crypto mining for 3 years dies in NY state assembly

June 11, 2021

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The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo. 7662 Total views 9 Total shares A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental […]

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Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners

June 11, 2021

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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, following a tumultuous few weeks of regulation, the Bitcoin world’s focus shifted to Miami and Latin America. Searches for Bitcoin on […]

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Bitcoin miner Luxor eyes North American expansion with $5M funding round

June 10, 2021

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Luxor and NYDIG have teamed up to foster growth for the North American crypto mining industry. 5022 Total views 10 Total shares Seattle-based mining software company Luxor has closed a Series A funding round led by institutional Bitcoin technology and financial services firm NYDIG. Luxor announced the $5 million funding round on June 9, adding […]

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No, Musk, don’t blame Bitcoin for dirty energy — The problem lies deeper

June 5, 2021

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Elon Musk is definitely interested in digital currency, but it seems that he doesn’t want to understand it. At least, I worry that he doesn’t have a deep enough understanding of Bitcoin (BTC) and decentralized systems in general. A decentralized system has to be secure, and proof-of-work (PoW) is the solution for Bitcoin to secure […]

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Chinese traders turn to OTC desks amid regulatory crackdown

May 31, 2021

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Threats from China’s central government appear to have done little to quash local demand for crypto assets. 6229 Total views 10 Total shares As Beijing attempts to regulate and suppress the cryptocurrency boom, traders have been evading regulatory oversight by using over-the-counter, or OTC trading desks. According to a May 31 report published by Bloomberg, […]

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Shanghai Man: Miners banned, exchanges targeted? Here’s what’s really happening

May 28, 2021

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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China regulations, FACT or FUD? Normally, this weekly column takes a broad look at all the developments, news, and even gossip from within […]

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Elon Musk not right person to lead green Bitcoin debate, Nic Carter says

May 27, 2021

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Policymakers should encourage greener grids for local Bitcoin mining, Carter suggested. 557 Total views 3 Total shares Castle Island Ventures’ Nic Carter doesn’t think Elon Musk is the right person to lead the “clean Bitcoin“ debate, “possibly not as far as the Bitcoin community is concerned.”  He told Bloomberg, “Bitcoiners are still intensely skeptical of Musk, […]

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Marathon Digital plans ‘carbon neutral’ data center for Bitcoin mining

May 24, 2021

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“Once all our miners are deployed by the end of the first quarter of 2022, our hashrate will be 10.37 EH/s, and our operations will be 70% carbon neutral, with our long-term objective being to obtain a 100% carbon neutral footprint,” said Fred Thiel, Marathon’s CEO. 7760 Total views 18 Total shares Marathon Digital Holdings, […]

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Central Bank of Kuwait issues warning against crypto investments

May 24, 2021

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The Central Bank of Kuwait said that a “real” currency is one issued by the state. 8975 Total views 32 Total shares Last week’s market-wide price crash caused central banks around the world to issue warnings about the risks of investing in cryptocurrencies.  The Central Bank of Kuwait was no exception, and on Saturday, it […]

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Green blockchain should work smarter, not harder

May 23, 2021

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As the spotlight returns to Bitcoin (BTC), helped by some tweets by a certain mercurial celebrity, the raging debate over its energy use has once again reignited. It centers around one, seemingly clear-cut question: Does Bitcoin use too much energy? The basic contours of the issue are clear. Bitcoin secures its network from a hostile […]

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