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Despite Crypto Crackdown: Bitcoin Mining Remains Centralized in China

Over the past few weeks, China has renewed its efforts to force cryptocurrency firms out of its borders. As Blockonomi reported earlier this month, Beijing’s new offensive on cryptocurrency forced five locally-operated exchanges to suspend or cease their activities in the country. The exchanges tha..

What is Bitcoin Halving? Complete Guide to this Mining Change

Every four years or so, bitcoin undergoes an important event known as the “bitcoin halving”. This first happened in 2012, and again in 2016. Likewise, it will happen again next year around May 2020. What is the bitcoin halving? What impacts does it have on the economics of bitcoin? In this article,..

Canada-Based Crypto Mining Firm Great North Data Files for Bankruptcy

News Canada-based cryptocurrency mining company Great North Data has submitted a bankruptcy filing, purportedly due to insolvency. As the Canadian Broadcasting Corporation reported on Dec. 4, Great North Data — which operated crypto mining facilities in Labrador City and Happy Valley-Goose Bay — f..

Russian Oligarch Turns Soviet Plant Into a Major Bitcoin Mining Hub

News The largest data center in the former Soviet Union, BitRiver, opened about a year ago in the Siberian city of Bratsk and most of its clients use the facility to mine Bitcoin (BTC), Bloomberg reported on Nov. 24. The data center allows cryptocurrency miners to take advantage of cheap energy in..

‘No Capitulation’ — Bitcoin Miners Completely Unfazed by Price Drop

News Bitcoin (BTC) is not seeing capitulation among miners despite its price dipping over 15% in the past week, new data suggests. According to estimates of Bitcoin’s hash rate from monitoring resource Coin Dance, participation remains as strong now as before the price drop. Hash rate refers to th..

Bitcoin Mining is Killing the Earth? Not Really, Study Finds

It’s no secret that Bitcoin is hated by many mainstream economists and politicians. While their cited reasons for hating Bitcoin vary wildly — some call it a purely speculative market, others say cryptocurrencies are only useful for crime — the seemingly most oft-cited critique of this innovation i..

Quebec Mining Firm Expands Despite Protests of Local Population

News The cryptocurrency mining operations of mining firm Bitfarms are still expanding despite complaints of the residents of the city of Sherbrooke, Quebec. Local news outlet CityNews reported on Nov. 20 that residents living near the site of the firm’s mining operations are complaining about the ..

What is Bitcoin Miner Capitulation? How Will it Affect the Market?

If you have perused Crypto Twitter at all over the past few weeks, you’ve likely seen the term “miner capitulation” mentioned again and again. The thing is, few investors actually know what this means, and what effect said “capitulation” will have on the broader Bitcoin and cryptocurrency market. ..

Bitcoin Mining Firms Merge to Build World’s Largest Purported Mining Farm in 2020

News German Bitcoin (BTC) mining firm Northern Bitcoin has entered a merger agreement with United States-based competitor Whinstone to jointly build what will supposedly be world’s largest mining farm. According to a Northern Bitcoin press release published on Nov. 18, Whinstone is already buildin..

China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain

Follow up Earlier this week, a story published by Chinese state-run media outlet Xinhua featured some pro-Bitcoin comments that referred to the flagship digital currency as being the world’s “first successful application of blockchain technology.” This latest endorsement comes against the backdrop..

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