Mining

In yet another major sell-off Bitcoin price crashed below its crucial support of $7000 on Monday, December 16. As per blockchain researcher Chainalysis, this dumping is part of another major scam brewing in the crypto industry.In its report, Chainalysis mentions a China-based Ponzi scheme PlusToken which is dumping its crypto holdings to cash out. PlusToken, a cryptocurrency wallet, trapped investors by promising high returns to those purchasing their native PLUS cryptocurrency against...

TikTok, das Soziale Netzwerk der Stunde, hat bereits mehr als 500 Millionen Nutzende. Und es werden täglich mehr. Mit der TikTok-App können Benutzer Musikclips ansehen sowie kurze Clips aufnehmen und bearbeiten, unter anderem durch das Hinzufügen von Spezialefekten und Filtern. Diese App wurde insbsondere unter den Jugendlichen in Asien zum Nummer 1 der Social Networks und eroberte von dort aus die...

Bitcoin&Co.: Ist Staking das neue Mining? In früheren Tagen reichte eine gute Grafikkarte aus, um mit Mining einfaches Geld zu verdienen. Heute gestaltet es sich allerdings etwas schwieriger und ist lange nicht mehr so profitabel. Miner benötigen eine spezielle Hardware und sollten insbesondere Zugang zu einer extrem günstigen Stromquelle haben. Während Privatanwender aus diesen Gründen bereits das Interesse am Mining verloren haben,...

This week, a bitcoin video went viral on TikTok for the first time. It follows mentions of BTC by several high-profile investors, individuals, and companies. The video shared by crypto entrepreneur Thomas Schulz showed a room full of mining equipment with the caption, “this is why GPU prices went up.” Growing popularity of bitcoin and crypto Bitcoin is still considered to be in a short-term bear trend following its drop from $13,900 to sub-$7,000. Media mentions of the dominant...

According to the documents released by the New York Office of the Attorney General, the judgment day finally comes to the castle of Bitfinex and the tower of Tether. Both companies were cheating with financial laws. And the development of their case only shows that Bitfinex is having some major troubles.The U.S. Supreme Court has destroyed Bitfinex, now it is the time to start packaging the inner functionaries.While examining the document, we can see that the Attorney General wants to dig...

European Central Bank’s head (and former International Monetary Fund’s head) Christine Lagarde said that the stablecoins market is gaining momentum and the officials need to keep up with changes:“My personal conviction is that giving the developments we are seeing, not so much in the bitcoin segment, but in the stablecoins projects. And we only know of one at the moment but there are others, being explored and underway at the moment. We’d better be ahead of the curve if that happens. Because...

Glencore PLC, one of the world’s largest cobalt producers and a public traded company announced its plan to join the Responsible Sourcing Blockchain Network (RSBN). Glencore will use the Hyperledger Fabric Platform for Cobalt production to track its cobalt production.RSBN is particularly an industrial collaboration using blockchain technology that supports “responsible sourcing and production practices from mine to market”. Moreover, the members of the network include companies from the auto,...

It’s clear why China has suddenly become so “kind” and open-minded towards bitcoin mining… It now controls approximately two-thirds of the world’s bitcoin and crypto mining power.China: The Crypto Mining KingAccording to a new report, bitcoin miners in China control approximately 66 percent of the global hash rate, which is the measure of power that ushers one’s ability to mine and extract new coins. This is a six percent increase from the summer, when China controlled approximately 60...

Law enforcement has taken three men into custody over what sources are calling the biggest crypto scam in history.The “Biggest” Scam Is in the BooksMatthew Brent Goettsche and Jobadiah Sinclair Weeks from Colorado along with Frank Abel from California have been arrested for initiating a cryptocurrency scam through a fake company called Bit Club Network that may have cheated investors out of $722 million in crypto funds. If the numbers are accurate, Bit Club outdoes the money stolen or lost in...

China is usually referred to as the headquarters of Bitcoin mining in the world, an interesting feat especially when the government’s strong position against cryptocurrencies is considered. While the government has repeatedly expressed its support for blockchain technology, it has not accorded digital currencies the same level of attention and respect. Regardless of all this, China still controls about 67% of the entire hash rate of the Bitcoin network. The real clincher, however, is that...