How Crypto Miners Are Adapting to Survive the Bear Market
In the current crypto bear market, miners have been battered due to the depreciation of digital assets, leaving many operations struggling to generate profit. In some cases, miners have been forced to exit the business altogether. In their absence, a number of experienced miners are capturing the bulk of the market share, according to one […]
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In our latest roundup of mining-related news, we look at a few examples of the knock-on effect that the current cryptocurrency bear market is having on the global mining industry and its main hardware suppliers. Also Read: US Bank That Serves 483 Cryptocurrency Companies Is Seeking an IPO American Mining Operation Goes Bankrupt Giga Watt, a […]
In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition, […]
Paraguay’s Itaipú Dam, one of the largest hydroelectric facilities in the world, is supporting bitcoin and ethereum mining in a city on the country’s border with Brazil and Argentina. These efforts have already spawned a number of new cryptocurrency businesses, creating multiple millionaires, but an ongoing reassessment of the dam’s developmental potential could spell boom or bye […]
The escalating U.S. – China trade war threatens to have an adverse impact on the operations of Chinese mining equipment manufacturers, with imports of mining hardware now facing stateside tariffs of more than 25 percent. Also Read: Former CFTC Chair Advocates ‘Tech Neutral’ Cryptocurrency Regulations Harsh Hardware Duties In June, the Office of the United […]
A joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network. Also Read: Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders Researchers Argue China is the “Most […]
It has been a busy week for Singapore as it relates to cryptocurrency. The city-state is set open the first fiat-crypto exchange in Southeast Asia, while the financial regulator has vowed to help crypto companies set up local bank accounts, according to media reports. Also read: Salt to Offer Crypto-Backed Loans in 7 Global Markets, […]
Crypto exchange Coinex will pay out long-term dividends, interest, in bitcoin cash (BCH) for coinex token (CET) holders, according to its website announcement. “If your CET holdings are on Coinex, we’ll calculate the dividends into BCH and allocate directly to your accounts,” the company explained. Also read: Bitcoin Cash Speaker Series II Brings Leading Bitcoiners […]
On Sunday China’s oldest tech media publication, Beijing Sci-Tech Report (BSTR) also known as ‘Technology life,’ has announced the business is accepting bitcoin core (BTC) for the magazine’s 2019 subscriptions. Also read: Launching a Website on the Bitcoin Cash Network Is Now a Reality The Publication Beijing Sci-Tech Report Now Accepts BTC for 2019 Subscriptions […]
Close to being yet another annoyingly false media piece on how ‘hard’ it is to live on cryptocurrency, the Netflix of China, Iqiyi, followed a woman attempting just that for 21 days. Bitcoiners have been doing so for years through various service providers, exchanges, and, yes, even peer-to-peer, yet the clearly untrue ‘hard’ narrative is […]
