Mining

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s intentions to crack down on mining and trading with the primary digital asset. As such, it comes as no surprise that another major...

Die Saga um Elon Musk und den BTC ist noch nicht vorbei. Gestern trafen sich der Tesla CEO und führende Bitcoin Miner, um über die Nutzung von erneuerbaren Energien beim BTC-Mining zu sprechen. Bitcoin News: Elon Musik trifft sich mit Bitcoin Minern und der Kurs steigt wiederDas Resultat des Treffens war die Gründung des Bitcoin Mining Councils, welches erneuerbare Energien weltweit promoten möchte.Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in...

Lancé par Michael Saylor, CEO de MicroStrategy, avec le soutien des sociétés nord-américaines Argo, Blockcap, Hut8, Marathon Digital Holdings, Riot et Core Scientific, le « Bitcoin Mining Council » se propose de « promouvoir la transparence de l’utilisation de l’énergie » des opérations de mining et « d’accélérer les initiatives de développement durable dans le monde entier ». L’initiative, saluée...

BTC has reclaimed the $40K level after Elon Musk’s surprise announcement that he had spoken to North American Bitcoin miners, who are committing to use renewable resources whilst mining bitcoin, and will request miners worldwide to follow suit. This meeting was hosted by MicroStrategy CEO and Bitcoin advocate Michael Saylor, and it included the leading Bitcoin miners in North America. Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has taken more jabs at the bitcoin mining process. Elon Musk Isn’t Done Asking Mining Questions People were shocked last week when Tesla announced it would not be accepting bitcoin payments for goods and services despite claiming it would do so back in March. Sadly, this sent bitcoin into a huge downward spiral, and at the time of writing, the world’s biggest and most...

Bitcoin’s price has fallen once again following news from China. The Asian country says its regulatory authorities will begin cracking down on all mining and trading activities. China Seeks to Limit Trading and Mining The country has always had a rather up and down relationship with the world’s number one digital currency by market cap. At one point, there was more bitcoin activity occurring within China’s borders than any other region. China is also home to both Bitmain...

Mark Bristow, the CEO of the gold mining company Barrick Gold, criticized the cryptocurrency space following the latest substantial price crash. He asserted that no one can just print gold, which was not the case with digital assets, and questioned their store of value status Crypto No Better Store of Value Than Gold Founded in 1983, Barrick Gold Corporation is a large mining organization producing gold and copper with over a dozen operating sites in 13 countries. Speaking to...

Crypto exchanges FTX and BitMEX pledged to become carbon neutral. They will start the process with considerable donations to balance emissions. The Musk Effect Following the environmental debates which Elon Musk caused with his tweets earlier this week, two of the leading cryptocurrency exchanges announced they would become carbon neutral. The San Fransisco-based trading venue – FTX – revealed its commitment to implement the inovation. In a recent tweet, it reminded that...

This Bitcoin Pizza Day, Phemex is offering the developer a lucrative opportunity to deposit 10,000 BTC on the Earn Crypto platform, as a token of appreciation for his efforts in the mining space.Bitcoin is just a small but groundbreaking glimpse into the big disruption that would ripple through the world of finance for many years to come. Over the last decade, Bitcoin and by extension, the cryptocurrency industry, has sent the world of legacy banking systems into somewhat of a tailspin. It...

The Iranian government enlisted intelligence officers with the task of cracking down on illegal cryptocurrency miners. This unprecedented move aims to solve the nation’s concerns with rising electricity consumption. The Government vs. Illegal Crypto Miners The Iranian authorities seem determined to solve their issues with illicit crypto mining. Bloomberg reported that the Ministry of Intelligence helped set up committees across the Asian country to detect and seize computer...