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A serious Russian investment in a new mining facility in Norway has sparked questions – why here, why now? Russians are throwing a billion kroner into a project to install thousands of powerful computers mere kilometers from the scene of a large NATO exercise. The construction of the farm is expected to begin this summer, … Read more
In today’s edition of Bitcoin in Brief we feature news from all over the world. These stories include a new multi-GPU mining motherboard from Taiwan’s Asu; a Singaporean businessman acquiring a Japanese exchange; some ripple-loving alleged Russian hackers shaking down Canadian banks; and a Colombian soccer star launching his own coin. Also Read: Austrian Financial Market … Read more
The cryptocurrency industry have created a host of legal questions as old definitions are forced on brand new innovations. Should switching between the most profitable coin to mine at each time be considered some type of fund management? Austrian regulators seem to think so. Also Read: Bitcoin in Brief Wednesday: China Fights Impersonators and Fraudsters Unauthorized … Read more
Ukrainian crypto businesses have created 25 digital coins in 2017 and 2018, raising more than $132 million through token sales, according to a new report. Cryptocurrencies are gaining popularity in the country, where the daily trading volume now reaches $1.9 million USD. The growing number of crypto users served by local exchanges has prompted calls … Read more
In today’s edition of Bitcoin in Brief we feature stories that show cryptocurrency is still a hot topic in China, for better or worse. Additionally covered are market awareness in Germany, a mosque that accepts bitcoin donations, a new green mining farm and an MMA champ’s love for crypto. Also Read: Dominance of Big Banks in … Read more
The government of India is reportedly considering levying a type of consumption tax on cryptocurrency trading and even mining. The most grievous part of this proposal is that it may also be a retroactive measure, demanding payments for past actions. Also Read: Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context Crypto Sales Tax The … Read more
The price of Bitcoin soared over the last year, which created a buzz for cryptocurrencies and sparked interest in massive Bitcoin mining operations everywhere. With all these new mining facilities popping up, cryptocurrency mining’s energy usage has also reached new heights. An energy research company based in the UK found that in the year 2017, the amount of electricity used to mine … Read more
Graphics card manufacturer Nvidia has announced its revenues for the first quarter, mentioning separately the amount generated from sales to the crypto market. The total includes $289 million related to GPUs for cryptocurrency mining, according to a corporate report. Demand from crypto miners was stronger than expected, the company noted. Also read: New Player … Read more
With 80 percent of all bitcoins already mined, and the hashrate of the network reaching all-time highs, in today’s Bitcoin in Brief we are covering some news from the world of crypto mining. An Italian company is developing mobile mining farms, while in Russia a mining hotel offers an opportunity to legally earn cryptocurrency. And, … Read more
Regardless of what the central Chinese government tries to do or say, bitcoin and cryptocurrency remain popular investments among everyday people in China. And a new way to get exposure to the ecosystem just materialized for those with access to the Hong Kong market, a publicly traded company entered the mining industry. Also Read: This Week … Read more
