Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’
This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number
Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors
Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and
Single Miner Reorgs Ethereum Classic – Devs Report a Chain Split
Members of the Ethereum Classic team reported that the network suffered a reorganization (reorg) today. The blockchain network is asking service providers to halt deposits while it carries out maintenance of the chain. The latest
Power Plants in Iran Are Authorized to Mine Bitcoin
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities
If XRP Doesn’t “Step on the Gas,” a 25% Drop Is Imminent: Analyst
Believe it or not, XRP is actually one of the best-performing cryptocurrencies of the past 24 hours. According to Coin Market Cap, the asset has gained 8.5% in the past 24 hours. Analysts are not
Analyst Who Predicted BItcoin’s 2018 Bottom Thinks $10k Is Imminent
Bitcoin has been strongly underperforming Ethereum over recent days. The former is up around 6% while the latter has gained in excess of 30%. While some commentators see BTC’s inability to rally in pace with
Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan.
2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China
New Satoshi Stash Estimate Claims Creator Mined $10.5B Worth of Bitcoin
On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block
Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns
The price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the
Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector
According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption”
Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India
Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities. However, he stands by his draft crypto bill that bitcoin
Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%
A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the
Blockchain Bites: Binance’s Bitcoin Mining, ConsenSys’ Legal Trouble and Why Politicians Blame Twitter, Not Bitcoin – CoinDesk
Binance will consolidate its Bitcoin mining, ConsenSys is accused of intellectual property theft and Wonder Woman's illustrator will sell art on Ethereum.
