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0 CommentsWhat is mining? Mining is the process of creating valid blocks that add transaction records to Bitcoin’s (BTC) public ledger, called a blockchain. It is a crucial component of the Bitcoin network, as it solves the so-called “double-spend problem.” The double-spend problem refers to the issue of needing to find consensus on a history of…
Bitcoin surged above $39,000 on Sunday for the first time since mid-June after recent bullish comments from Twitter CEO Jack Dorsey and Tesla CEO Elon Musk. Experts attributed the moves to the lowering concerns over the environmental impact of Bitcoin mining and China’s regulatory crackdown. Despite a recent fall below $30,000, Bitcoin surged up nearly…
New data from Cambridge University shows that the geography of mining has drastically changed over the last six months, and experts tell CNBC this will improve Bitcoin’s carbon footprint. By this May, China has been accounted for nearly 75% of all Bitcoin miners at its peak, according to the Cambridge Centre for Alternative Finance. But…
This week, several central banks at once released announcements regarding national digital money. Financial regulators of Canada, India, and Nigeria made moves toward launching their own central bank digital currencies (CBDCs). The Central Bank of Nigeria (CBN) has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear…
Breaking crypto news from the last week (17 – 23 July 2021): 17 July: Damien Hirst, one of the world’s most estimated artists, says NFTs are changing the world. In an interview with Cointelegraph, the British contemporary artist compared NFTs to “the invention of paper.” 18 July: The U.S. Department of State, at the first…
Texas-based influencer Estefannie and British synth-pop musician Look Mum No Computer collaborate to produce music based on fluctuations of the crypto market data. Estefannie and Sam Battle, also known as Look Mum No Computer, made a device that converts the price volatility of various cryptocurrency markets into music-like sounds. Battle constructed a mechanism to generate…
