Quantum Blockchain Unveil Fast And Energy Efficient Mining Algorithm

Quantum Blockchain has introduced a new BTC mining algorithm. It will improve the energy efficiency and speed of the present crypto mining gear.  As per the business, it has now moved on to live tests of BTC mining. It will use the usual version of the SHA-256 algorithm. Quantum wants to gather real-time data to … Read more

Two Bit Digital Crypto Mining Partners Halt Operations Following Explosion

Bit Digital, a cryptocurrency mining company with its headquarters in New York, had issues with mining last week. This occurred after two of its hosting partners stopped their mining operations. Over 4,800 machines seized operations after the power outage in two locations. Explosion Destroys Two Crypto Mining Substations An “explosion and ensuing fire” caused damage … Read more

China Re-emerges As 2nd BTC Mining Hub Even After Ban On Crypto

The Chinese government’s mandate to ban crypto operations seems to have been ineffective. This is coming after a recent report stated that China was part of the world’s first three largest Bitcoin mining centers. Are BTC Miners Secretly Mining In China? According to the latest news from CBEC (Cambridge Bitcoin Electricity Consumption Index), China has … Read more

United States Mining Stock Drop By 50% Despite Increase In Hashrate

The CCAF (Cambridge Center for Alternative Finance), a financial research institute connected with Cambridge University, discovered that Bitcoin’s hash rate increased by 4%, from 35% in August to 39%.  US Crypto Mining Firms Record Drop In Share Value Despite this, mining companies’ share values have been falling over the last month with the falling price … Read more

Aggrieved Terra Investors Drag Do Kwon To Court

There have been various events since the crash of the Terra blockchain last week. The latest is that a group of South Korean Terra holders has taken legal action against Terra founder, Do Kwon, following the Terra network crash. Kwon Faces Legal Action Over Terra Network Crash Some local media outlets have reported that those … Read more

Tesla May Start Accepting BTC As Bitcoin Mining Council Release Report

A recent report by the Bitcoin Mining Council has confirmed that over 58.4% of BTC mining is powered by a “sustainable energy mix.”Meanwhile, Tesla CEO, Elon Musk, commented that his company would begin accepting BTC when green energy consumption by miners becomes at least 50%.  Tesla CEO And The Bitcoin Mining Council Musk participated in … Read more

Fort Worth, First City In The U.S. To Mine BTC

On Tuesday, the council officials in Fort Worth unanimously authorized a trial program using three S9 BTC mining equipment that would work 24 hours every day and throughout the week. As stated by Mayor of Fort Worth, Mattie Parker, the equipment was supplied by the Blockchain Council of Texas. The Mayor noted that; “This is … Read more

Anclap Launches New Stablecoin In Peru

Latin America-based stablecoin provider, Anclap, has launched another stablecoin in Peru to increase its list of stablecoins on its network. The Digital Sol Per the announcement from Anclap, the new stablecoin is pegged on a 1:1 ratio to the Peruvian dollar. Users can complete their transactions across the network instantly, even if it involves cash-crypto … Read more

XRP Records New Win as TAOTAO’s Listing Date Draws Near

Sixth-largest cryptocurrency by market cap, Ripple (XRP) is celebrating another win despite its travails with the US SEC. According to reports, Japanese exchange TAOTAO has revealed plans to create a spot for the token on its platform, which will give investors in the region access to it for trading and investing.   The recent partnership between … Read more

Three Significant Events That Are Driving ETH Price Pump

The last few days have been eventful for the largest altcoin by market cap, Ethereum. Spearheading the latest developments is the EIP-1559 upgrade that launched on the altcoin’s network earlier in August. The first significant event for Ethereum is registering its first deflationary day on Sept. 3 after more Ether was burned- as proposed by … Read more