Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom silicon.” Square Considers Building a Mining System On the same day …
Tag archives: Bitcoin
Op-Ed: Here’s how Bitcoin mining accelerates clean energy adoption
Bitcoin mining and its impact on the environment has been in the news recently, as Elon Musk tweeted his concern about the amount of its fossil fuel usage, and withdrawing his support of the cryptocurrency. But is he correct about the current situation of mining energy consumption? Are all Bitcoin mining facilities destroying the planet …
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The Ongoing Effort to Free Ross — Ulbricht’s Clemency Petition Closes in on Half a Million Signatures
As the end of 2021 nears, Ross Ulbricht remains in prison as he continues to serve his draconian double-life prison sentence for creating a website called the Silk Road. Ever since he was arrested, there’s been an ongoing effort to free Ulbricht, as a great majority of individuals and a large swathe of eminent organizations …
Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies. Zimbabwe Ready to Make Concessions on Cryptos According to a report by the Herald, Ncube …
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Nervos launches cross-chain bridge to connect Ethereum and Cardano
Nervos today announced that the Force Bridge is now live on the mainnet. The Nervos Network is a collection of protocols and public blockchain ecosystem aiming to solve the various challenges facing blockchains like Bitcoin and Ethereum today. The Force Bridge is currently connected to Ethereum through a cross-chain bridge and will be connected to …
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Survey: 14% of Americans Want Crypto Rewards for Using Their Credit Cards
During the last few years, prepaid cards that offer cryptocurrency rewards have grown popular and a number of digital asset payment cards offer these types of rewards. This means instead of accruing frequent flyer miles or points, consumers get rewarded in crypto assets every time they make a purchase with the card. A recent study …
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Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
A bitcoin mining operation in Tennessee is being sued by neighbors due to the high level of noise the facility produces. The lawsuit, which was filed in August, asks mining operator Red Dog to shut down operations and pay personal damages fees, as well as compensate owners for decreased property values. The lawsuit could set …
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New SEC Filings Give the Impression US Regulators Approved a Bitcoin Futures ETF
The price of bitcoin jumped over 8% during the last 24 hours after a number of documents stemming from the U.S. Securities and Exchange Commission’s (SEC) web portal indicated that the Proshares Trust exchange-traded fund (ETF) could be listed as soon as next week. Proshares filed a post-effective amended prospectus on Friday that shows the …
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DappRadar Report: These blockchain games are more popular than Axie Infinity
While Axie Infinity may be stealing the show, a report by DappRadar on the state of blockchain gaming puts several gaming titles ahead of it in terms of unique active wallets (UAW) in Q3 2021. As expected, the report also highlights that play-to-earn (P2E) gaming, and NFTs to a lesser extent, are driving growth in the …
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250,000 traders sign petition to add Shiba Inu (SHIB) on Robinhood
The dramatic rise of Shiba Inu’s (SHIB) price drew plenty of attention in October, while the community behind the pet-meme crypto mobilized to support the momentum. Following the impressive rally, the demand for Shiba Inu’s addition to the popular investing platform intensifies, as thousands of investors reach out to Robinhood and “kindly request” its listing. …
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South African Regulator ‘Welcomes’ Binance’s Decision to Terminate Certain Services in the Country
A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans. Productive Consultations In a statement, the FSCA suggested that the move by the cryptocurrency exchange came after it held “productive consultations” with the regulator. As previously reported by Bitcoin.com News, …
Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations
Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch. Licensed Crypto Companies Register Millions in Turnover, Estonia Gets Little With only around 1.3 million people, …
Australian authorities target crypto telegram groups to weed out ‘pump and dump’ schemes
Australian Punter Makes $884 Million Bitcoin Bet Against Buffet This post was last updated on November 7th, 2019 at 02:55 amThe cryptocurrency market is no stranger to big, bullish calls, but a new bet by an Australian punter puts Bitcoin price predictions such as Fundstrat’s Tom Lee’s $25,000 BTC to shame with a multi-million dollar …
Tesla makes $1 billion profit from its Bitcoin (BTC) holdings
‘Dogenations’ campaign wants to raise Shiba Inu-inspired Dogecoin for homeless animals PAWS Chicago, a non-profit animal shelter organization dedicated to building no-kill animal communities, recently launched “Dogenations” and started accepting Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), and 36 other cryptocurrencies for donations. 2 min read → Go to Source
Why the launch of Europe’s first Bitcoin ETF is good news for mainstream adoption
Anyone who closely follows the cryptocurrency industry will know that applications to launch Bitcoin Exchange Traded Fund (ETFs) have been backing up like planes waiting to land at Heathrow. Although some Bitcoin ETFs have been approved around the world (in Canada, Brazil and Dubai), the U.S. Securities and Exchange Commission has so far rejected every …
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