Cryptocurrency Mining

Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.

The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.

Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.

Bitcoin halving, the software update that is designed to cut the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions, has been completed. Most of the impact from the halving is expected to be on Bitcoin mining companies rather than the actual price of the cryptocurrency.

Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.

Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.

Bitcoin miners are sprinting to sell portions of their BTC tokens to bag profits from BTC’s current raised prices ahead of the upcoming halving event. After halving, the block reward obtained by miners will be reduced in half, reducing their incentives for mining Bitcoin blocks and slowing down the addition of new tokens.

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.

The process of Bitcoin halving roughly happens every three to four years – that's how long it takes for 210,000 blocks to be mined on the Bitcoin blockchain. With the next halving just around two months away, market analysts predict the spike in price of Bitcoin, subsequently leading to the rate hikes for several other cryptocurrencies.

A single Bitcoin transaction could use the same amount of clean water needed to fill a garden swimming pool, according to a new study on the world's most popular cryptocurrency.

The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies. A bench headed by Chief Justice D Y Chandrachud said the main reliefs sought in the plea were more in nature of a legislative direction.

The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to hoard more of the supply.

The Tezos blockchain has received its fourteenth upgrade called ‘Nairobi’ this week. Along with increasing the transaction speed of Tezos significantly, the upgrade also brings improvements to Tezos’ Smart Rollup scaling solution.

Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...

Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.

Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.

The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.

Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.

Bitcoin halving, the software update that is designed to cut the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions, has been completed. Most of the impact from the halving is expected to be on Bitcoin mining companies rather than the actual price of the cryptocurrency.

Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.

Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.

Bitcoin miners are sprinting to sell portions of their BTC tokens to bag profits from BTC’s current raised prices ahead of the upcoming halving event. After halving, the block reward obtained by miners will be reduced in half, reducing their incentives for mining Bitcoin blocks and slowing down the addition of new tokens.

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.

The process of Bitcoin halving roughly happens every three to four years – that's how long it takes for 210,000 blocks to be mined on the Bitcoin blockchain. With the next halving just around two months away, market analysts predict the spike in price of Bitcoin, subsequently leading to the rate hikes for several other cryptocurrencies.

A single Bitcoin transaction could use the same amount of clean water needed to fill a garden swimming pool, according to a new study on the world's most popular cryptocurrency.

The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies. A bench headed by Chief Justice D Y Chandrachud said the main reliefs sought in the plea were more in nature of a legislative direction.

The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to hoard more of the supply.

The Tezos blockchain has received its fourteenth upgrade called ‘Nairobi’ this week. Along with increasing the transaction speed of Tezos significantly, the upgrade also brings improvements to Tezos’ Smart Rollup scaling solution.

Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...

Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.