Cryptocurrency miners from 15 countries have confirmed that they will be showing Russian parliamentarians how cryptocurrencies are mined and discussing their countries’ specific approaches to mining regulation. After the meeting, the Russian government plans to draw up recommendations and proposals for crypto legislation, which will be submitted on December...
Cryptocurrency mining marketplace NiceHash has confirmed that yesterday's hack resulted in the loss of over 4,700 BTC, an amount worth more than $78 million at press-time prices. In a video update streamed live on Facebook, CEO and co-founder Marko Kobal provided an update to yesterday's dramatic announcement that the company, founded in 2014,...
The Chinese government is moving to extend the bitcoin exchange ban to over-the-counter (OTC) trading and potentially even mining. Bitcoin Exchange Ban to Extend to OTC Trading According to a Wall Street Journal report, Beijing officials told several bitcoin industry executives that peer-to-peer trading would not be tolerated during a closed-door meeting...
Japanese digital services firm GMO has divulged additional plans for its forthcoming cryptocurrency mine and the $90 million budget backing it. According to TechWave, on Wednesday the company held a presentation on the plan following its announcement last week. GMO, which was founded in the 1990s and already operates its own cryptocurrency exchange,...
Many miners are clearly moving back and forth between Bitcoin and Bitcoin Cash in an attempt to maximize profits. What’s going on and why is this happening? In this article, I examine what miners have been doing on each chain and what their motivations might be. Mining Bitcoin Miners are getting...
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