The Ministry of Energy in Kazakhstan has reportedly shut down 13 unauthorized mining farms across the country, as the Kazakh government doubled down on its efforts to regulate the crypto mining space in the country. Currently, Kazakhstan claims the number two spot when it comes to its contribution to the global Bitcoin hashrate with 18.1%. […]
Environmental conservatives continue to bash Bitcoin, as they believe it poses a significant environmental threat. Environmentalists have criticized the network’s proof-of-work consensus mechanism considering the amount of energy it requires to execute its mandate. However, Bitcoin supporters have called out environmentalists for never criticizing the energy consumption of the US dollar and how it is […]
The ongoing civil unrest in Kazakhstan has sparked curiosity in many over the effect it could have on the global Bitcoin hashrate. These worries arise as Kazakhstan is believed to control at least 18% of the global hashrate, according to a recent report from the Cambridge Center for Alternative Finance (CCAF). NABCD Asserts Bitcoin Unaffected […]
In this day and age, technological innovations seem to happen daily, and many people are often left wondering how much of it is true, and how much of it is fiction. Nimbus, offering the goal of achieving a completely decentralized bank operating on the DeFi market, is one of those companies that some believe to […]
The United States has become the global epicenter for cryptocurrency (Bitcoin) mining following the mass migration of miners from China due to the clampdown by the Chinese government. The Chinese government took a hostile stance against the cryptocurrency industry to control financial risk in the region. China became the cradle of Bitcoin and crypto mining […]
Nasdaq-listed Bitfarms, a Bitcoin mining company, announced last week that it has initiated the creation of a “mega Bitcoin mining farm” in Argentina. Bitfarm noted that the facility would have the capacity to power thousands of miners using electricity obtained through a contract with a private power company. The facility will deliver over 210 megawatts […]
Michal first heard about bitcoin in 2014. He had $4,000 in his savings account. Inspired by his programmer friend, a rabid bitcoiner, he went all-in. “At the time,” he wrote on his Medium page, “I invested my $4k, the price of a bitcoin was about $600. I got 6.55 BTC. I will never forget that […]
Eightcap, an award-winning CFD broker, has announced the launch of over 250 Cryptocurrency derivatives, allowing its clients to diversify their crypto portfolio via the MT4 and MT5 platforms. This new launch positions the broker as the new home of crypto derivatives and the largest within the CFD sector. The broker recognises the current worries retail […]
Bitcoin is the biggest cryptocurrency in the world and is among the most popular digital coins among traders. For many, Bitcoin is a great investment option. Released back in 2009, Bitcoin is known for paving the way for other altcoins in the market. Cryptocurrency has seen a huge transformation in recent years. While some still […]
