Tag Archives: Bitcoin

Blockscale, new Bitcoin mining chip launched by Intel

Blockscale, Intel’s new Bitcoin (BTC) mining chip was launched on Monday, by the world’s largest semiconductor manufacturer. The application-specific integrated circuit, or ASIC, hardware is intended to function with proof-of-work blockchains that use SHA-256 encryption. According to Intel, Blockscale will have a hash rate of up to 580 gigahash per second (or 0.58 terahash per […]

EU vote on Bitcoin mining: What it means for the industry

Proof-of-work (PoW) crypto mining will not be prohibited in the European Union, at least not this year. That was the outcome of last week’s widely awaited European Parliament committee decision (EP). An ad hoc alliance of social democrats and Greens proposed a last-minute amendment that would have imposed a de facto prohibition on proof-of-work mining […]

Financial conduct authority in UK seeks crypto talent

The Financial Conduct Authority (FCA) of the United Kingdom is looking for top executives with cryptocurrency experience as the regulator prepares to open a new crypto department to oversee the sector. According to the FCA’s LinkedIn job advertisements, the agency is now looking for a head of the digital assets department and a director of […]

Bitcoin miners in the United States are increasing their operations.

Bitcoin miners in the United States are expecting to double the hash power of their mining operations through 2022. Other global players have been selling their Bitcoin in order to secure cash. Despite Bitcoin’s (BTC) three-month downturn, cryptocurrency mining farms in the United States remain devoted to boosting their capacity with new technology. Marathon Digital […]

Tonga is planning to use Bitcoin as legal cash and to mine Bitcoin using volcanoes.

Tonga, a small Pacific island, might recognise Bitcoin as a legal means of trade by the second quarter of 2023. It may also recognise Bitcoin mining by the third quarter of 2023. Lord Fusitu’a, a former Tongan parliamentarian, has revealed a possible timeline for the country’s adoption of Bitcoin. Fusitu’a, a Tongan aristocrat, had previously […]

Canada will be the home of Bitfury’s new 28-MW crypto mining operation.

Bitfury, a blockchain business, has announced the opening of a new crypto-mining data centre in Ontario, Canada. The new mining hub joins the list of existing Canadian locations, which include Drumheller, Alberta, and Medicine Hat, Alberta. Bitfury’s new crypto mining facility in Ontario is anticipated to be operational by the end of this month, with […]

Mexican senator will introduce cryptocurrency legislation: ‘We need Bitcoin as legal tender’

Indira Kempis, a senator from Mexico’s Nuevo León state, is working on a crypto law modelled after El Salvador’s Bitcoin Law. In the midst of El Salvador reporting on the good effect of the nation’s Bitcoin (BTC) adoption, a Mexican government official has once again encouraged the country to follow El Salvador’s lead on Bitcoin. […]

Tourism in El Salvador has increased by 30% since Bitcoin adoption

El Salvador’s Bitcoin adoption as legal cash in September 2021 has resulted in a significant increase not just in its GDP but also in local tourist growth. Salvadoran President Nayib Bukele previously said that El Salvador’s GDP will grow by more than 10% in 2021. According to Salvadoran Tourist Minister Morena Valdez, the tourism business […]

Georgia outperforms its peers in terms of Bitcoin mining.

According to Arcane study, Georgia’s small population is a dark horse for Bitcoin mining, accounting for over 1% of the industry’s total hash rate. At first look, the tiny Republic of Georgia seems to be an odd suspect in Bitcoin (BTC) mining operations. Although it is a mining underdog, the nation has ample hydropower and […]

Crypto winter 2022: Here are the predictions made by crypto veterans.

According to industry experts, the next Bitcoin bull run is expected to occur in 2024 or early 2025, coinciding with Bitcoin’s fourth halving. As the global cryptocurrency market value fell below $2 trillion last week, leading crypto executives began to discuss the possibility of a persistent bear market, or “crypto winter.” Contrary to many in […]

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