Bitmain co-founder and tech billionaire Wu Jihan has reappeared at the helm of Beijing-based mining giant Bitmain as the company’s chief executive. Bitmain co-founder and tech billionaire Wu Jihan resurfaces at the helm of Beijing-based mining giant Bitmain at a recent meeting with clients. On Dec. 10, Bloomberg reported that Wu Jihan made a public…
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A guide to Bitcoin halving — a pre-scheduled event that will reduce the asset’s supply, potentially driving the price upward. Will the Bitcoin price change? Historically, the price has gone up following a halving, but it ultimately depends on the supply/demand ratio. Essentially, Bitcoin halving cuts down the supply of BTC, making the asset more…
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As the cryptocurrency market stagnates, Bitcoin is left vulnerable to miner capitulation, which could lead BTC to lower price ranges. The stagnation of the cryptocurrency market has put Bitcoin’s (BTC) price at risk of further decline, as it struggles to recover beyond key resistance levels. A descending price increases the probability of the so-called “miner…
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Countdown to Ethereum’s Istanbul Hard Fork continues, with only 1,000 blocks remaining before the network overhaul. As of press time, Ethereum has passed block #9068000, putting it within 1000 blocks of the scheduled Istanbul hard fork, which should take place at around 23:30 UTC. The much-anticipated shift to Istanbul will be the Ethereum network’s first…
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Canada-based cryptocurrency mining company Great North Data has reportedly submitted a bankruptcy filing due to insolvency. Canada-based cryptocurrency mining company Great North Data has submitted a bankruptcy filing, purportedly due to insolvency. As the Canadian Broadcasting Corporation reported on Dec. 4, Great North Data — which operated crypto mining facilities in Labrador City and Happy…
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Crypto mining is “purely technological progress,” a legislative analyst at a blockchain association in Kazakhstan says. Kazakhstan’s lawmakers won’t be taxing cryptocurrency mining until the mined crypto is exchanged for fiat money. According to a legislative analyst at a local blockchain association, cryptocurrency mining will not be treated as entrepreneurial activity but rather a “purely…
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Ethereum developers propose a hard fork named Muir Glacier intended to address the impending Ice Age on the Ethereum mainnet. Ethereum developers have proposed a hard fork, named Muir Glacier, that should address the impending Ice Age, which could cause a significant slowdown on the Ethereum mainnet. In an Ethereum improvement proposal at the end…
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The Monero network has successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant. The Monero (XMR) network has been successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant. On Nov. 30, the Monero community workgroup did a live stream on YouTube in which the upgrade took place…
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Launched on Nov. 24, a new cryptojacking campaign uses Docker platforms that have API endpoints exposed online to mine XMR. A group of hackers has launched a new cryptojacking campaign on Nov. 24, scanning as many as 59,000 IP networks to find Docker platforms that have API endpoints exposed online, business technology publication ZDNet reports…
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The largest data center in the former Soviet Union grants miners cheap energy when mining in the former world’s largest aluminum smelter. The largest data center in the former Soviet Union, BitRiver, opened about a year ago in the Siberian city of Bratsk and most of its clients use the facility to mine Bitcoin (BTC),…
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