Mining

Jim Cramer of CNBC and “Mad Money” fame said in a recent interview that he has sold most of his BTC. Jim Cramer Has Parted Ways with Most of His BTC In a statement, Cramer mentioned the following: Sold almost all of my bitcoin. I do not need it. Cramer cited China’s position on bitcoin as the main reason as to why he sold his crypto stash. He says that the country is working hard to kill the entire bitcoin system, not just the mining space. He says that bitcoin is a...

Following the recent FUD around high energy usage from cryptocurrency projects, Enjin – the NFT ecosystem provider and creator of the ERC-1155 token standard, has turned its JumpNet blockchain carbon negative. This comes after joining the Crypto Climate Accord, aiming to decarbonize the industry. Enjin Joins Crypto Climate Accord Ever since Tesla’s Elon Musk criticized bitcoin for the high energy used for mining, especially such coming from coal fuels, the entire...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – and Jesse Powell – the CEO of popular cryptocurrency exchange Kraken – are duking it out on Twitter, and the bitcoin price is taking it hard. Elon Musk and Jesse Powell Go Head to Head The fight began when Powell called out Musk over recent comments regarding the bitcoin mining process. Elon Musk had originally stated a few months ago that he would permit bitcoin...

Bitcoin fell 20% in the last six days when investors became more anxious and skeptical of the future of bitcoin in the face of China’s continuing clampdown on cryptocurrency. Bitcoin fell as low as $29,000 on June 22 when the news came that China’s six major banks and Alipay are banned from accepting cryptocurrencies or using them as a means of payment and settlement. Banks will suspend accounts having conducted business relating to cryptocurrencies. In addition,...

« Ces derniers jours, la Chine a intensifié sa stratégie anti-bitcoin et anti-crypto. Alors que depuis des semaines le bitcoin était en difficulté, peinant à dépasser son seuil technique des 40.000$, les mauvaises nouvelles s’enchaînent encore. La Chine va au bout de son idée et chasse poliment les mineurs de Chine. Ces derniers ont jusqu’au 25 juin pour stopper leur activité de mining bitcoin. » Réalisation : Richard Détente pour Grand Angle Crypto

Chicago is building itself up as a leader in the world of blockchain and crypto. The region already hosts a bitcoin ATM operator and a crypto mining facility and is looking to add a whole lot more to the mix. Chicago Is Becoming a Real Crypto Hub David Carman is a fintech consultant and board member with Global DCA, a crypto industry association in Chicago. He says that over the years, people within the city have grown to love digital assets, and the market itself is...

A professor at Cornell University believes that bitcoin can never accomplish all it has set out to do unless it manages to get past three big hindrances. According to Eswar Prasad, professor of economics at the educational institution, bitcoin still suffers from several flaws that are preventing it from being stronger than many of its altcoin cousins. Eswar Prasad: BTC Still Has a Way to Go In an interview, Prasad points to the idea that bitcoin mining is extremely...

Iranian authorities have confiscated about 7,000 cryptocurrency mining machines. The latest development is in line with Iran’s crackdown on illegal bitcoin mining activities. According to Reuters on Tuesday (June 22, 2021), General Hossein Rahimi, Tehran police chief, revealed that the computer miners were found at an abandoned factory in Iran’s capital, which was used to carry out illegal cryptocurrency mining activities. The latest seizure is the largest ever carried out by...

The crackdown on mining operations in China will lead to a migration of mining activities to the West. Bitcoin price is down. In fresh moves, China has renewed its crackdown on the cryptocurrency ecosystem. This has led to the plunge in the prices of several crypto assets including Bitcoin, Ether, and XRP. Global Times estimates that the latest crackdown coupled with the prior actions of regulators within the country has led to the shut down of up to 90% of the country’s hashrate.Why China...

BIT Mining was served with a notice on June 19 which stated that the Chinese power regulator was planning to suspend power supply to its Sichuan firm.The popular Chinese Bitcoin miner BIT has begun its exodus from China to find a crypto-friendly mining environment. The company has moved operations to Kazakhstan and has already delivered 320 to their new working site after the suspension of Bitcoin mining activities in Sichuan, China. Before the end of June, the publicly-listed firm plans to...