Auto Added by WPeMatico

Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe.…

Continue ReadingRussia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

L2 Scaling Solution Arbitrum Deploys Nitro Rollup Stack Migration

The layer two (L2) scaling solution Arbitrum revealed on Wednesday that the team has implemented the project’s Nitro rollup stack migration. Earlier this month, Arbitrum developers noted that the Nitro…

Continue ReadingL2 Scaling Solution Arbitrum Deploys Nitro Rollup Stack Migration

L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31

On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration…

Continue ReadingL2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31

Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals

With a war raging in their homeland, thousands of Ukrainians, including many involved in the crypto space, have chosen Portugal as their new home. The country is an attractive destination,…

Continue ReadingBitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals

China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims

Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are…

Continue ReadingChina Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims

Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims

Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and…

Continue ReadingMiners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims