Mining

Just months after adopting BTC as legal tender, the small Central American country plans to create a Bitcoin City with the help of Blockstream and Bitfinex. Separately, the country said it will buy $500 million more of BTC. Bitcoin City in El Salvador The country made the news earlier this year by indicating that it will vote to accept the primary cryptocurrency as legal tender. Despite enhanced backlash from global organizations like the IMF, El Salvador’s authorities...

INTERNET CITY, DUBAI, Nov. 18, 2021 – LBank Exchange, a global digital asset trading platform, will list Chives coin (XCC) on November 19, 2021. For all users of LBank Exchange, the XCC/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on November 19, 2021. Since the birth of cryptocurrencies such as bitcoin and Ethereum, the discussions of environmental pollution and energy wasting caused in their mining process have never stopped. As a...

The city of Miami, Florida says it will be one of the first regions in the world to offer “bitcoin yield” to its residents. Mayor Francis Suarez made the official announcement last week and said that crypto staked through Miami’s digital wallets will be used to benefit citizens. Miami Is Moving In a Revolutionary Direction Suarez has long worked to make Miami a major cryptocurrency and bitcoin hub. Not long ago, when several cryptocurrency miners were ungraciously kicked...

Shares of the U.S. leading crypto mining company Marathon Digital Holdings (MARA) went on a downward spiral, plunging by nearly 30% within 24 hours amid a recent crackdown by the country’s Securities and Exchange Commission (SEC). MARA Down 27% in 24 Hours Since Marathon is primarily a Bitcoin miner, the recent bull run in the crypto market had a positive effect on the company’s stock. In the past month alone, the miner’s stock, MARA, went up by more than 40%. However, the...

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Not long ago, Live Bitcoin News discussed two siblings – 14-year-old Ishaan Thakur and his nine-year-old sister Aanya – and how they began their own cryptocurrency mining business. They started out earning only about three dollars on a single day, but eventually, things rose to such prominence that they began earning $30,000 per month and even established their own cryptocurrency. Two Siblings Started a Mining Business That Continues to Expand Today, since opening their...

One of the largest Bitcoin mining companies in the States – Marathon Digital – plans to raise $500 million through the issuance of senior convertible notes. The firm wants to use the proceeds to buy bitcoin and BTC mining machines. Founded over a decade ago, Marathon Digital Holdings is among the largest publicly-traded BTC mining companies. The firm’s announcement from earlier on November 15th outlined its plans to “offer, subject to market and other conditions, $500,000,000...

Cryptocurrency mining and environmentalism did not usually go hand in hand in conversations about the development of the blockchain industry, but one tweet from Tesla CEO Elon Musk was enough for the crypto community to start worrying about what Bitcoin and Proof-of-work miners are doing to the planet. An investigation by Forexsuggest studied several cryptocurrencies and measured how polluting they are, calculating the estimated carbon emissions and the amount of resources...

The African country of Zimbabwe is allegedly the next nation looking to make crypto legal tender. Regulators have released a statement claiming that they are examining the prospects of allowing bitcoin and its altcoin cousins to be used as forms of payment for goods and services. Zimbabwe Is Looking at BTC as a Currency Clearly, the nation is taking a page out of El Salvador’s book. The Central American region became the first country in the world two months ago to...

[PRESS RELEASE – Singapore, Singapore, 10th November 2021] Singapore, November 10th, 2021 — izumi Finance, a protocol providing liquidity as a service on Uniswap V3, has raised a total of $2.1M from a number of DeFi and crypto investors. The round was led by Mirana Ventures, with Everest Ventures Group, Youbi Capital, LucidBlue Ventures, Puzzle Ventures, WolfEdge, ICG, Adaptive Lab, Nothing Research, and Tess Ventures backing the startup in its fundraising efforts. The izumi...