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Crypto-Mining
North Korea Gains From Cyberattacks; Russia Crypto Mining Tax?
Crypto cyberattacks benefit North Korea’s finances. Russian miners on alert over crypto tax. Crypto market cap rebounds above US$2 trillion mark. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Exploring the Impact of Texas Winter Storm on Crypto Mining Operations
A number of crypto miners in Texas are already shutting down some or all of their operations as the region awaits an Arctic blast that is likely to test the state’s power grid this week. CoinDesk’s Tech Managing Editor Christie Harkin discusses what this means amid increased focus on the mining community’s energy consumption.
Senator Warren Targets 6 More Crypto Miners for Their Energy Use
U.S. Sen. Elizabeth Warren (D-Mass.) expanded her inquiry of bitcoin miners’ energy usage and their environmental footprint, sending letters Thursday to six more miners, including Riot Blockchain and Marathon Digital Holdings. In December, Warren wrote to Greenidge Generation. "The Hash" team reacts, discussing the industry implications in the wake of China's crypto mining crackdown.
Youbi Capital CEO on Asia vs. North America Crypto Trading
Bitcoin, ether, and other major cryptocurrencies showed signs of recovery Wednesday after hitting 6-month lows. Chen Li, CEO of private equity and venture capital (VC) firm Youbi Capital, shares his assessment of the digital asset space, sharing insights into trading activity and key trends emerging in the Asian crypto markets. Plus, why mining is not likely to return in China.
Power Cut for Kazakh Miners, Russia Crypto Threat
Thailand sets out crypto regulation plans. Kazakhstan blocks power for crypto miners. Crypto market could be hit if Russia invades Ukraine. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Russia’s Finance Ministry Opposes Central Bank Call for Crypto Ban
Russia needs to regulate cryptocurrencies, not ban them, says the head of the financial policy department at Russia’s Ministry of Finance, Ivan Chebeskov. This comes as the Bank of Russia issued a report earlier this month calling for all crypto trading and mining to be made illegal in the country.
Kazakh Crypto Miners Cut Off From Electricity Supply Until End of January
Kazakhstan crypto miners will cut their energy supply from Jan. 24 until the end of the month. A major transmission line has also been disconnected, worsening the energy problem in the country, which was once home to about one-fifth of the world's bitcoin mining at the end of August 2021. "The Hash" group reacts, discussing what this means for the global mining industry.
Where Is Bitcoin Headed Next?
CoinDesk's Tech Managing Editor Christie Harkin and Markets Managing Editor Brad Keoun look ahead to next week in the world of bitcoin as the crypto market consolidates and global central banks propose banning the use and mining of cryptocurrencies.
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.