Crypto-Mining
Valkyrie Exec. Unpacks House Hearing on Energy Impacts of Blockchains
Valkyrie Chief Investment Officer Steven McClurg discusses his reactions to Thursday's House Energy and Commerce Committee hearing on the energy use of crypto mining. Plus, thoughts on the threat of a 51% attack on Bitcoin, criticisms about proof-of-work mining, and a wider outlook for the mining industry.
Why Is Russian Central Bank Calling for a Full Ban on Crypto?
Russia's central bank said in a report released Thursday the country must make crypto trading, mining, and usage illegal. CoinDesk reporter Anna Baydakova breaks down the implications of the report and its potential repercussions on the global crypto industry. "For the bank of Russia ... crypto is a big complication in their job, and they just want to get rid of it," Baydakova said.
Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business
Bitcoin miner Argo Blockchain is starting a non-mining business unit called “Argo Labs” to diversify its business and take advantage of other opportunities in the blockchain ecosystem. “The Hash” hosts discuss Argo’s “strategic diversification” and how this might be a continuing trend to take place in the mining industry.
Jay Chou Dethrones Bored Ape Yacht Club, Bitcoin Dips Below US$40K
China officially labels crypto mining as obsolete. Taiwanese superstar Jay Chou’s NFTs dethrone Bored Ape Yacht Club. Bitcoin briefly falls below the US$40K mark. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Civil Unrest Disrupts Bitcoin Mining in Kazakhstan
Intense protests in Kazakhstan over rising energy prices have led to a three-day-long internet shutdown, disturbing the global crypto mining industry as Chinese miners fled to the former Soviet state following the mining ban.
Norton Antivirus Criticized for Installing Crypto Mining Software on Computers
Last June, Norton launched a new feature called “Norton Crypto,” which enabled cryptocurrency mining on its LifeLock security software. Consumers are now concerned about energy consumption and difficulty disabling this function, while Norton claims it is opt-in. “The Hash” discusses Norton’s intentions with this feature as the software company will collect a 15% fee for all ETH mined and the broader issues of antivirus software.
Kazakh Riots Hit Miners, Fed Hits Crypto Market
Kazakhstan riots hit crypto mining. Fed rate hike signal hits crypto markets. Volatility is not necessarily a bad thing for markets. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Iran Banning Crypto Mining Until March 6 to Save Power: Report
It’s the second time this year Iran has taken such measures to reduce the strain on the country’s power grid.
Crypto Miner Hive Sees More Bitcoin, Less Ether Mined in Third Quarter
The slowdown in ether mining is expected to be offset partially by the rally in the cryptocurrency’s price during the quarter ending Dec. 31.
Crypto Miners Extend Slump as Bitcoin Price Falls to Lowest Point Since October
Some miners have lost almost 50% of their market capitalization since bitcoin reached its all-time high in November.
