Mining

Catherine Wood, CEO of Ark Management, predicts that “Elon will come back and be part of [the Bitcoin] ecosystem”.Bitcoin (BTC) reached its all-time high in value of $64,804.72 in April 2021. However, few could have foreseen a -17.8% downward spiral in value just over the past week. BTC saw an accumulated loss of over $500 billion in market capitalization, accelerated by the statement coming from Tesla CEO Elon Musk regarding the suspension of BTC as payments for car purchases, owing to...

It appears that Chinese authorities are doubling down on their reiterations of the previous crackdown on cryptocurrencies. The latest stark warning comes from the State Council of China. According to a report issued today, the Financial Stability and Development Committee of the State Council of China held a meeting, pointing out that “the financial system resolutely implemented the decisions and deployments of the Party Central Committee and the State Council, increased...

Electric car company Fisker Inc. is taking a page out of Tesla’s book and is giving a big thumbs down to the idea of bitcoin payments, claiming it will not be accepting the world’s largest and most popular cryptocurrency by market cap anytime soon for goods and services. Fisker Says “No” To BTC Tesla announced a few weeks ago that the company would be accepting bitcoin for items it produced. Customers could literally walk into a dealership then choose the car they liked...

Chia coin market price has jumped by approximately 30% in the past two weeks but now it is down nearly 30% in the last 24 hours.A huge demand for high-capacity Hard Disk Drives (HDD) that are typically used by Chia network users in the Proof-of-Space and time concept, has triggered a notable shortage in the HDD supply market, according to research conducted by Tomshardware.Reportedly, HDD market prices spiked in the United States as Chia users went in for more hardware storage to get frequent...

Bybit has also revealed their plans for the grand opening of cloud mining services on May 20.Derivatives exchange operator Bybit has announced it will expand its suite of crypto derivatives with the introduction of Ether futures contracts.The Asian exchange said it plans to start trading futures linked to Ethereum later this week, the latest signal of greater engagement with the crypto investment space. Should liquidity conditions be met, the platform will launch its inverse futures contract...

La société néerlandaise Litebit et les startup françaises Just Mining et Deskoin sont désormais enregistrées en tant que PSAN (Prestataires de Services sur actifs numériques) auprès de l’AMF pour la conservation d’actifs numériques, l’achat/vente d’actifs numériques contre monnaie ayant cours légal et l’échange d’actifs numériques contre d’autres actifs numériques. Se présentant comme une...

9 out of 10 of all Bitcoin (BTC) mining pools have been signaling for taproot activation, an upgrade that could highly improve network scalability and privacy. However, its activation seems unlikely during the Difficulty Epoch for Bitcoin. The latest mining pool to signal Taproot activation is BTC. Top, which did so on block height 683,945. Other top mining pools like F2pool and Antpool have previously shown support for the soft fork upgrade, which would give more flexibility...

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 upgrade within the Bitcoin network for the past few years.According to news outlet Cointelegraph, among the top Bitcoin mining pools that have lately signaled for the Taproot...

Bram Cohen, the founder of the Chia network, has warned against the use of unofficial mining pools as they may pose significant threats to the miners.Newly launched “green cryptocurrency,” Chia Network Coin (XCH) has continued to gain prominence in the digital currency ecosystem, for many reasons, including its price performance. Amid the ongoing crypto market dip, the XCH has maintained a relatively stable price and is currently exchanging hands at $1,300 (-13%) and its trading volume surged...

Last week, Elon Musk and Tesla shocked the entire crypto industry following an announcement that the electric car company will no longer accept bitcoin payments for “environmental reasons.” A Hard Pill For Bitcoin Maximalists Giving its reasons, Tesla argued that Bitcoin mining operation requires massive energy consumption, which is generated from fossil fuel, especially coal, and as such, causes environmental pollution. The announcement caused a market dip which saw over $4...