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Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert

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A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (VAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining…

Eine „enorme Vielfalt möglicher Transaktionsarten“ – Ein Blick auf das Gespräch zwischen Nakamoto und Andresen

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Der Bitcoin-Mempool, auch bekannt als Transaktionsrückstand des Netzwerks, ist immer noch verstopft 390,000 Transaktionen, die darauf warten, von Minern verarbeitet zu werden. Um den Mempool zu löschen, mehr als 190 Blöcke müssen abgebaut werden. Da die Skalierungsprobleme weiterhin bestehen…

Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Jahre

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Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, Lokale Medien berichteten. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures…

President Raisi Calls on Central Bank of Iran to Ditch US Dollar in Trade, Shift to National Currencies

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Iranian president Ebrahim Raisi has called on the Central Bank of Iran to lay the groundwork necessary to ditch the U.S. dollar for bilateral trade settlements and to make the switch to use the Iranian real whenever possible. The Central Bank…

Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues

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Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a…

Latam-Einblicke: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating

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Willkommen bei Latam Insights, ein Kompendium der wichtigsten Krypto- und Wirtschaftsentwicklungsnachrichten aus Lateinamerika der letzten Woche. In dieser Angelegenheit, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech…

‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US

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New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and…

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

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In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction…

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

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Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional…

Lawyer Expects SEC to Lose if It Sues Coinbase Due to ‘Fatal Flaw’ of Gary Gensler’s Own Making

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A lawyer has explained why the U.S. Wertpapier- und Börsenkommission (SEK) will likely lose if the regulator takes crypto exchange Coinbase to court over alleged securities law violations. “The problem is entirely of Gary Gensler’s own making,“, betonte er. Lawyer…