These Were the Top Performing Cryptocurrencies of 2022

2022 wasn’t a lucrative year for the cryptocurrency industry, following massive crashes and bankruptcy filings that restricted growth on any token. Though this year hit digital assets hard, some assets showed resilience, recording notable price moves – better than others. Let’s check the list. Ethereum Classic (ETC) Unlike ETH2.0, which arrived after the ETH merge, […]

Russia’s Energy-Rich Areas Have Drafted Crypto Mining Laws

Authorities in Russia are focusing on bringing clarity to their cryptocurrency regulations. The new rules will impact the crypto mining sector in the nation. Consequently, operators will have clear guidelines to follow. Regulating The Bitcoin Mining Industry RBC, a Russian news organization, released a report on September 29th. According to the report, the Bank of […]

Michael Saylor Feels Bitcoin Is Better Than Conventional Property

Michael Saylor, CEO of MicroStrategy, has been an outspoken supporter of Bitcoin (BTC) since its inception. At the Australia Crypto Convention, he reaffirmed his position in favor of BTC. He further highlights the difficulties inherent in transferring the value of gold, equities, and real estate.   Digital Money Has Fewer Risks Than Traditional Investments Saylor says […]

Hive Blockchain Explores Other Mineable Coins Ahead Of ETH Merge

Crypto mining firm, Hive Blockchain, is working to replace Ethereum mining with other mineable coins. The company is undertaking this project if ETH finally transitions to the PoS (proof-of-stake) consensus mechanism.  Hive Working To Optimize Its ETH Mining Capacity  On September 6th, the Canadian-based crypto mining company stated that it has been working on other […]

Crypto Mining Consumes 2% Of Total Electricity Supply In Russia

Crypto Miners Consume More Energy Than Agric Sectors Cryptocurrency mining is not forbidden in Russia, at the same time it is not within the coverage of the country’s law. This makes it risky business to investors. However, after the announcement of the latest electricity consumption estimate, the Russian regulators clamored for the regulation of crypto […]

Intel Launches 2nd Generation BTC Mining Chip

Intel has announced the release of the Blockscale ASIC, a second-generation BTC mining chip that the company will use to increase its mining speed and efficiency. Mining Chip To Increase Efficiency  As announced on Monday, the latest mining chip will provide more efficiency in energy usage. Also, the company has stated that the chips will […]

Oklahoma’s Lawmakers Propose Tax Break Bill For BTC Miners

Legislators in Oklahoma have taken legislative steps in recent days that, if passed, would provide a tax benefit to cryptocurrency and BTC miners who want to establish a business presence in the region. Oklahoma Supports Crypto Mining  A bill introduced by state legislator John Montgomery and the representative of the state, Ryan Martinez this year […]

Canadian Entrepreneur Expresses Intentions to Invest In Green Mining Stocks

Canadian entrepreneur Kevin O’Leary has disclosed his intentions to invest in stocks of green energy mining companies. O’Leary shared some interesting stories about his recent voyage in the Middle East with Anthony Pompliano to discover ways to invest in BTC mining. He then disclosed that moguls in the region want to invest in sovereign mining […]

Swedish Regulators Want to Ban Crypto Mining

After China issued a crackdown against all crypto miners within the region, most of them were subjected to flee the region as soon as possible. They couldn’t continue their operation within the bounds of China because the state condemned it as an illegal act. Some of the miners moved towards friendly frontiers where they could […]

Bitcoin Mining is Using only 0.38% of the World’s Total Wasted Energy

There is a long debate going on within the crypto market according to which Bitcoin mining is a necessary evil, but at the same time, some thought should be given to how the cryptocurrency is mined and what resources are used to do so. Elon Musk was a very hard believer and supporter of Bitcoin […]

Bitfarms Discloses Its Purchase Agreement For 48,000 MicroBT Miners

Bitfarms, one of the oldest and biggest cryptocurrency mining companies, has disclosed their agreement with MicroBT, a Chinese mining rig company, to buy 48,000 Miners.  Plan to Increase Hash Rate This decision was in accordance with the company’s growth plan to increase their hashing rate from 1.18 EH/s. The company had earlier announced its plans […]