Bitcoin Hash Rate Recovers to New All-Time Highs
After a brief slowdown in May, the Bitcoin network’s hash rate has rebounded to new all-time highs. In total, miners are now producing an average of 258 exahashes per second…
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Bitcoin Miners May Get Another Break This Week as Network’s Mining Difficulty Is Expected to Drop
Bitcoin miners may catch another break this week as the network’s mining difficulty is estimated to see a reduction tomorrow. Every two weeks Bitcoin’s difficulty adjustment algorithm (DAA) changes, and…
Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs
A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8 million and using the funds…
Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto market
According to the chairman, the central bank will decide on implementing its own digital currency by the end of 2022.
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.
Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event
BTC price gravitates around the low $30,000 zone, luring traders to believe the bottom is in, but data from Glassnode warns of another final sell-off.
China Targets Xinjiang’s Development Park for Introducing Bitcoin Mining in 2018
In a new report, a central leading group for the inspection work of ecological and environmental protection said that ecological and environmental problems in some of the areas of Xinjiang…
Kenya’s Largest Power Provider Plans to Deliver Access to Geothermal Power to Bitcoin Miners
KenGen, Kenya’s largest producer of electricity, has announced plans to attract Bitcoin miners to use its geothermal energy. According to the report, the company will provide its surplus geothermal power…
New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature
The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year…
White House Drafts Report on Energy Consumption, Crypto Mining in Scope
The Biden administration is reportedly preparing policy recommendations to reduce the energy consumption by cryptocurrency mining rigs and control emissions footprint. According to coverage by Bloomberg, the report on energy consumption…
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