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.
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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…
What Does the Bitcoin Mining Moratorium Means for New York?
Mining of Proof-of-Work (PoW) has hit a major roadblock as New York lawmakers passed a bill that bans certain mining operations that rely on carbon-based power sources. What’s at Stake?…
New York State Senate passes Bitcoin mining moratorium
The bill once, approved by Governor Kathy Hochul, would make New York the first state in the U.S to put a moratorium on crypto mining.
Bitcoin Block Data Shows Top 5 Pools Retained Over 71% of the Global Hashrate Last Month
During the last 30 days, the price of bitcoin has lost more than 22% against the U.S. dollar but during that time, Bitcoin’s hashrate has remained above 200 exahash per…
US energy company opens crypto mining facility in Middle East to use stranded natural gas
Denver-based Crusoe Energy will help the Middle East nation to cut the gas flaring with the pilot project scheduled for the end of 2022.
Kazakhstan Made $1.5M From Bitcoin Mining Fees in Q1 2022
The government of Kazakhstan reeled in 652 million Kazakhstani tenge ($1.5 million) in revenue from Bitcoin Miners in Q1 2022. This figure ran significantly below expectations, largely due to the…
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