Today, one of the top miners globally, Bitfarms, officially revealed that it has now had a new real estate in Canada for its BTC mining operations. Part of the announcement states that the company plans to replace one of its previous mining centers in Canada with this new one situated at Sherbrooke, Quebec. Creating A … Read more
According to reports, despite fears, it appears that Bitcoin mining is still in full swing in Russia. You may recall that Russia launched an attack on Ukraine yesterday, causing crypto markets to plummet. Russia Remains Normal Bitcoin mining in Russia seems to remain in full swing despite the crisis situation. Compass mining chief, Whit Gibbs, … Read more
China isn’t done regulating cryptocurrency yet, and Thursday’s court issue is a testament that the country is out and out to stop all crypto-related activities completely. On February 24, China’s highest court amended a policy to minimize the risks of illegally raising funds through virtual currencies. The Supreme Court revised the version of the interpretation … Read more
BTC miners appear to reduce their crypto holdings as a new report shows a negative net position. Analysts warned about a potential profit-booking session that might drag Bitcoin to $40K again, and breaching this support will translate to a freefall. Bitcoin trades around $42K on Saturday after a 3% fall over the previous day. Nevertheless, … Read more
An investigation on a new initiative to mine Bitcoin (BTC) with associated gas is being undertaken by the Russian authorities. According to reports, Vasiliy, the Deputy Minister of Trade and Industry in Russia has submitted a request to the head of the banking system in Russia and the Ministry of Technological Infrastructure to use the … Read more
Cryptocurrency mining is an energy demanding process that takes place worldwide. However, about seven percent of the world’s cryptocurrency mining is done in Iran. This mining of cryptocurrency uses a lot of electricity and increases the demand for electricity. Mining of cryptocurrency in Iran perhaps results from the fact that the country has the cheapest … Read more
Tantek Çelik, the chief of the Web-Standards under Mozilla, has voiced hostility toward the mining of cryptocurrency during his discussion about the web standards. Çelic opposes proof-of-work Çelik stated while pointing toward the method by which BTC (as well as various other cryptocurrencies) construct the rewards for the miners in addition to validating the transactions … Read more
All over the world, cryptocurrency mining is an energy demanding process. However, about seven percent of the world’s cryptocurrency mining is done in Iran. This mining of cryptocurrency uses a lot of electricity and increases the demand for electricity. Mining of cryptocurrency in Iran perhaps results from the fact that the country has one of … Read more
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
Kazakhstan is a country in Central Asia that became a crypto mining hub following the Chinese crypto clamp down and miner’s migrations. For now, the nation might have to suspend Bitcoin mining temporarily. The country faces an electricity shortage that intensifies during winter. That might see the government imposing BTC mining restrictions to ensure citizens … Read more
