What Is Cryptocurrency Trading? – An In-depth Guide for Beginners

An Intro To Trading And Investment Before starting to know about cryptocurrency we all need to know about trading. What is trading? What are the benefits of trading? And how it plays a role in the rise in financial conditions? Trading is a fundamental concept all over the world in which buying and selling factors … Read more

Crypto Mining May Get A Green Signal In Russia, A Bill Has Been Rolled Out

Russia may soon add itself to the list of countries that have legalized cryptocurrency mining operations on their soil. If this happens, things may become quite an interesting for the cryptocurrency industry in Russia. The entire crypto industry will also be able to benefit from Russia’s decision, which is still being considered. Russia to Legalize … Read more

Marathon CEO Claims Their Digital Holdings Firm Ranks No. 2 For Bitcoin Holdings

Marathon Digital Holdings has recently made a major claim in regard to its Bitcoin holdings. One of the largest Bitcoin mining companies has claimed that it has become Bitcoin’s second-largest holder. Marathon Holdings is among the handful of crypto-based companies that are publicly listed. The company has revealed that the Bitcoin it holds ranks it … Read more

Research Discovers Bitcoin Mining Accounts For 0.10% Of Global Greenhouse Emissions

The Cambridge Center for Alternative Finance (CCAF) recently published a report, which discloses that 0.10% of the global greenhouse emissions are due to bitcoin mining. This is approximately 48.35 million tons of carbon dioxide a year. The report further discloses that the environmental footprint of bitcoin mining is more complex and nuanced due to which … Read more

Bank Of Russia And Finance Ministry Agree On Regulation For Crypto Mining

The Russian central bank, prominent government institutions in Moscow and the country’s Finance Ministry are finally aligned on their stance on regulating crypto mining activities in Russia. According to a high-ranking official, they will file a respective bill in the lower house of parliament i.e. the State Duma, soon. Crypto mining regulation A joint position … Read more

Bitcoin Miner Terawulf Discloses Miners At Lake Mariner Site

Terawulf, the publicly-listed bitcoin miner had announced some time ago that its Lake Mariner data mining data center was fully functioning and boasted a capacity of 30 megawatts (MWs). The latest announcement from the company has revealed that there are almost 12,000 miners who are currently operating at the New York facility. Thus, between the … Read more

Kazakhstan Gets $1.5M From Fees On Crypto Mining In Q1 2022

In recent news, the Kazakhstani government has raised $1.5M (652M Kazakhstani tenges) in Q1 2022. This revenue is from the fees it imposed on cryptocurrency miners in 2022. Despite the opposition to a tax on crypto mining in April, the country has made some revenue. The report states, “The fee depends on the amount of … Read more

Crypto Miners Use 2% Of Power Consumption In Russia

According to a government report by Russia, crypto miners use over 2% of power consumption. Hence, officials are calling for a regulation of the sector. Crypto Miners Use More Electricity Compared To Agriculture According to the latest report, miners in Russia consume more power than farmers. Currently, crypto miners use over 2% of total electricity … Read more

Nvidia’s Mining Card Revenue For Q2 Falls Below Expectation

On Thursday, the stock price of graphics card producer, Nvidia, dropped. This was after the revenue for Q2 fell short of expectations.  The company had strong revenue growth from Q4 last year to 2022. Its revenue increased by 8% to over $8.98 billion within this period. Also, the share price increased by 3%.  Nvidia plans … Read more

Russian Crypto Miners Won’t Get Tax Amnesty as Lawmakers Pull Proposal

A new draft law superseded an old bill with a 1-year tax and customs amnesty for Russian BTC miners. They revoked the tax benefit because it would have hurt the state budget. Russian Lawmakers Submit Amended Crypto Mining Regulations Without Miner Amnesty The State Duma in Russia has received yet another piece of legislation. It’s … Read more

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

Stronghold Mining Release Q1 Report Amid Ongoing Debate On Coal-Powered Mining

Stronghold Digital Mining, situated in Pennsylvania, has recorded first-quarter sales of $28.7 million. This comes when more attention is being directed against the revival of coal plants for crypto mining operations. The company’s modified net loss for each share of $0.66 was more than the average expectation of $0.08, which meant that it significantly outperformed … 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

Norwegian Parliament Rejects Proposed Ban On BTC Mining

On the 10th of May, 2022, the Norwegian parliament cast a vote rejecting a proposal to outlaw the mining of bitcoins inside the nation. Cryptocurrency miners received some welcome relief as a result of the positive development. At the beginning of March 2022, the Red Party, the communist party in Norway, made the first recommendation … Read more

Crypto Miners Move To Ethereum As Difficulty Of Bitcoin Mining Hits 5%

The difficulty of mining BTC has hit an all-time high, further reducing the already slim profit margins enjoyed by Bitcoin miners. The new trend may have a devastating impact on cryptocurrency miners. BTC miners may be in for a rough ride as the price continues its downward trend. According to information provided by btc.com, a … Read more

Revenue For Ethereum Mining Increases To 95k In a Day

According to the latest reports, the earnings from Ethereum mining have exceeded 95k ETH in one day. Also, handling fees were responsible for 85.9% of the total income generated. Ethereum Mining Becomes Very Profitable Despite High Gas Fees With the recent rise in DeFi (Decentralized Finance) activity, ETH miners’ income has reached 95,000 ETH in … Read more

Nvidia Fined $5.5M By SEC For Failing To Report Revenue From Crypto Mining

The regulatory watchdog of the United States has stated that it has settled with Nvidia over “inadequate disclosures” of proceeds from crypto mining. Nvidia is a firm that makes graphics cards used by several crypto miners,  On the 6th of May, the agency stated that Nvidia refused to report that cryptocurrency mining accounted for “a … Read more

Argo Blockchain to Establish New Mining Facility in Texas

Popular mining firm, Argo Blockchain, has announced the opening of a new high-grade mining center in Texas. The London-headquartered mining firm announced via its official page it will set up a new mining facility Helios in the aforementioned location in the coming week. As per the firm’s application with the London Stock Exchange, Argo will … Read more