Tag: mining

Over the last decade, cryptocurrencies have embraced the wider market. As Bitcoin (BTC) tends to be the most popular currency in the crypto world, Dogecoin (DOGE), the so-called ‘meme-coin,’ has delivered one of the highest returns. Within just six months between November and May, Dogecoin has shown a 27,000% return! Too bad, but the Dogecoin…

Bitmain, China’s largest manufacturer of top-tier crypto mining machines, has claimed on Wednesday that it suspends sales of its miners globally due to the mining restriction in China. According to Bloomberg, the Beijing-based mining giant decided to cut supply after its rigs have lost their value by about 75% since April. In recent weeks, China…

In Venezuela’s economy, disrupted by hyperinflation and United States sanctions, cryptocurrency is a way to provide services and a tool to send remittances, protect wages from inflation and help businesses manage cash flow, Al Jazeera reported. Cryptocurrency in Latin America has attracted attention again in June after El Salvador adopted Bitcoin as legal tender. Its…

A month ago, Beijing began a fierce crackdown on the crypto mining and trading industry in China, caused so-called “the great mining migration.” Who will gain an advantage of this great crypto exodus? Experts believe that would be the places with abundant solar and wind energy, free market, and crypto-friendly policy. For a long time,…

Bitcoin jumped above $39,000 in the last 24 hours after Elon Musk said Sunday Tesla Inc could accept Bitcoin again in the future. According to Coinbase, Bitcoin’s price surged to $39,095 (9% up) at the start of Sunday trading. Before, Tesla CEO Elon Musk clarified in response to a tweet of Cointelegraph, one of the…

Iranian President has urged for a new standard in digital currency regulation following recent steps of the government in pursue to control the crypto sector. President Hassan Rouhani said that Iran required a legal framework for digital currency and related activities, which would protect the national interest while crypto mining remains illegal in the country….