Search Results for: revealing

Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC

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Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining…

Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months

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Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained,…

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

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Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it…

Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The Merge

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On July 6, the crypto mining rig manufacturer Bitmain announced the launch of the highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is…

Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company

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According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is…

Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users

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China’s anti-crypto regulations have reportedly forced the non-fungible token (NFT) game, Stepn, to exclude users from the mainland starting on July 15. Shortly after the announcement, Stepn’s in-game cryptocurrency is reported to have briefly dropped by 38%. Stepn Adheres to Local…

American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases

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A recent survey study has found that two out of five Americans in committed relationships have admitted to hiding a cryptocurrency purchase from their partner. The crypto-cheating partners believe disclosing the purchase would damage their relationship. Reasons for Not Disclosing Purchases…

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

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Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)’s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real Estate…

Qatar Central Bank Studying Digital Banks and CBDCs

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Qatar Central Bank is presently examining the possibility of issuing a digital currency as well as digital bank licensing, an official has said. The official adds this study will help the central bank get an understanding of what its area of…

Binance Suspends Transactions With Russian Mastercard and Visa Cards

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Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine. Russians Unable…