Cryptocurrency Analysis and News Portal
Crypto mining equipment and accessories company, BlokForge, has announced its acquisition of Cryptouniverse, a major online mining distributor for Europe. The business expansion will broaden Bitcoin mining on a global scale. This is good news for the digital coin, as China recently announced it will be clamping down on Crypto mining
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Chinese Vice Premier Liu He told a group of finance officials last Friday that the government would clamp down on bitcoin mining and trading. The reason behind this decision is said to be China’s goal to achieve financial stability. While China has taken steps to restrict the use of cryptocurrencies
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China has reiterated plans of cracking down on Bitcoin mining and trading within its bordersBitcoin has dipped from $41k to a local low of $36,600 due to the newsChina’s government had announced and initiated a similar crackdown in 2018 which officially kicked off the bear market thenThe Chinese government has
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American Bitcoin miner Riot Blockchain’s mining revenue skyrocketed almost tenfold to US$23.2 million in the first quarter of 2021, according to a U.S. Securities and Exchange Commission filing. The post Riot Blockchain’s Bitcoin mining revenue soars 881% to US$23.2M appeared first on Forkast. Source
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The upcoming Taproot Bitcoin upgrade was proposed to enhance the network scripting capabilities and also the privacy aspect. Major Bitcoin mining pools have signaled for the Taproot system upgrade scheduled to take place during the second half of the year. Should the upgrade take place, it would be the largest system
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Nine out of the top-10 Bitcoin (BTC) mining pools by hash rate distribution are now signaling for Taproot activation with BTC.TOP being the only exception as of the time of writing.Indeed, 90% of Bitcoin’s hash rate briefly signaled for the protocol upgrade with the figure now standing at about 73%.Tweeting
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Chia Coin uses a proof-of-space system that relies on the storage capacity of devices used in mining instead of computing power.The price of Chia Coin looks to have rebounded, after losing almost half of its value amid its network and mining issues. Chia coin was highly anticipated ahead of its
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Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman of Committee on Energy and Telecommunications, and co-sponsored by fellow Democrat
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In a bid to save the Ethereum mining community, a group known as the Ethereum Genesys Foundation (EGF) successfully hard forked the chain to continue Proof-of-Work (PoW) mining. With the ETH 2.0 upgrade well underway, the switch to Proof-of-Stake (PoS) would render miners redundant. What’s more, miners claim they are slowly
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Reporter Colin Wu shared news published by Chinese state media PengPai related to Bitcoin mining activities by the national government. At the very least, China’s view of cryptocurrencies is ambiguous, but according to the report they have been dabbing with BTC. The state media confirmed a rumor on the Beijing government’s
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