Tag Archives: Bitcoin Mining

Huobi, one of China’s most popular Bitcoin exchanges, has reportedly slashed their maximum leverage allowance from 125x to less than 5x for existing users on the back of China’s regulatory crackdown on cryptocurrencies. New users signing up to the platform will not be able to use leverage at all. Exclusive: Due to concerns about regulatory policies, China’s largest exchange Huobi recently restricted the leverage of existing users to less than 5x after stopping new users in...

The topic of bitcoin mining is a controversial one as of late given the alleged carbon footprint it leaves behind, though one man feels he may have found a probable solution. 30-year-old Josh Riddett – the managing editor at Easy Crypto Hunter in Manchester, England – claims he has found a way to extract crypto from the blockchain utilizing cow manure. Josh Riddett Is Finding Greener Ways to Mine Crypto Bitcoin mining has been a hot topic recently, with many...

Chinese law enforcement agents have arrested approximately 1,100 individuals on charges of using crypto to launder money. The move is clearly a reminder that China is avidly working towards a society where crypto holds a limited or non-existent presence. China Is Working Against a Crypto Society In the process of arresting everyone, China has also stated that it has eliminated more than 170 criminal gangs known for committing financial crimes. The individuals in question...

After the latest crackdown from China on Bitcoin mining and the declining hash rate, the mining difficulty has gone through another adjustment. As a result, the metric has dropped by 20% in less than a month to a 5-month low. China Goes Against Bitcoin Mining The world’s largest country by population has been reiterating its negative stance against the cryptocurrency industry for almost a decade. It did it once again in May, but this time it went a step further. As previously...

Kevin O’Leary – aka Mr. Wonderful on the television show “Shark Tank” believes that bitcoin could eventually overpower the stock market. Kevin O’Leary: Sustainability Will Make a Big Difference His sentiment comes from the sudden shift that many bitcoin miners are making. Initially, bitcoin was the subject of much concern and disgust amongst environmentalists, who claimed that the extraction process behind bitcoin was contributing to severe atmospheric destruction....

When it comes to Bitcoin, the president of El Salvador does not know what it means to go slow. Over the weekend, he announced that he was working on a proposal to accept Bitcoin as legal tender. 3 days later, he introduced the bill to the Assembly, and hours later that same day, the bill was passed and became law. Well, now, just hours after this historic event, the president of El Salvador announced a new move to promote Bitcoin mining —100% clean, so Elon Musk can calm...

Jack Dorsey – the CEO of payment platform Square and social media giant Twitter – is headlining bitcoin news again after serving as a featured speaker at the world’s biggest bitcoin conference, which recently took place in Miami, Florida. Jack Dorsey Is Building a Wallet and Investing in Mining Dorsey announced that Square is looking to build a new cryptocurrency hardware wallet that customers can use to store bitcoin. Dorsey says that over the past two years, bitcoin...

Kevin O’Leary – aka Mr. Wonderful on the program “Shark Tank” – has been one of the biggest advocates of green crypto mining. He has often called out China for its lack of attention towards this and has even stated that he will not be buying any more crypto mined in China, even likening the asset to “blood coin” in recent statements. Kevin O’Leary: It’s Time to Become Environmentally Friendly In a new interview, he discusses why it is so important that bitcoin miners...

Kevin O’Leary, who recently allocated 3% of his portfolio in BTC, has no plans to sell his coins anytime soon, the millionaire told CryptoPotato in a recent exclusive interview. He also noted that 2021 is a pivotal year for Bitcoin as more and more institutions are looking to enter the space but are wary of energy consumption concerns. Kevin O’Leary during Bitcoin 2021 Conference. Image by: CryptopotatoO’Leary In Bitcoin For The Long Run The 66-year old O’Leary is a...

Elon Musk has been attracting some negative press in the crypto world as of late, and now Russell Okung – a former NFL player for the Carolina Panthers and a big bitcoin fan – is joining the angry crowd. The Anger Towards Elon Musk Continues Okung recently erected a billboard which took aim at the South African entrepreneur, particularly his position as CEO of SpaceX. Okung posted the following on the billboard: Stick to space. Clearly, he wants Elon Musk out of the...