Embargo: April 27, 2023, 9:00 AM ET The Lumerin Hashpower Marketplace will enable peer-to-peer trading of Bitcoin mining capacity Chicago, April 27, 2023 — Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace, a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network. The primary objective of the launch's
Now you can have your own Bitcoin Mining Through Krypto Miners Club(KMC) NFTS Highlights A community based NFT project backed by BTC mining is revolutionising the mining industry with their cutting edge technology and strategy. The Krypto Miners Club is a 4 phased project which includes 8888 NFT’s focusing on creating long term passive income from mining for their NFT holders The First Phase consisting of 2,222 NFT’s has been released on the Polygon Blockchain. 24 March, 2023, Dubai: Krypto Miners Club (KMC), a leading blockchain-based company, has released phase
While mining has become harder over the years, users still discover and earn ‘Bitcoin’ using a process called mining. Today, many sellers, businesses and even casinos like IgnitionCasino.eu accept Bitcoins as a payment method. So, can you mine Bitcoin yourself and pay for it? Well, you can, if you have the right hardware. How Does it Work for Miners? When it comes to Bitcoin, miners are responsible for keeping the Bitcoin blockchain consistent, unalterable and complete. Mining acts as a record-keeping service that utilises the processing power of the computer.
Cboe Australia (“Cboe Australia”) is pleased to announce the debut of the Cosmos Purpose Bitcoin Access ETF, (“CBTC”). In partnership with Cosmos Asset Management, Cboe Australia will launch CBTC on 12 May 2022, providing investors with Bitcoin exposure through the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF. A fund-of-funds, CBTC invests directly in the Purpose Bitcoin ETF, which has amassed A$1.7 billion in assets under management since its launch in 2021 and invests directly in Bitcoin. The ETF’s Bitcoin assets are secured by world-class cryptocurrency custodian Gemini.
The price of bitcoin has been on a long losing streak since November 10, 2021, when the leading crypto asset tapped an all-time high at $69K per unit. During the last two weeks, bitcoin has shed more than 19% in value, and the network’s hashrate has dropped from over 200 exahash per second (EH/s) to 174 EH/s losing roughly 15% in ten days. Civil Unrest in Kazakhstan Leads to Hashrate Loss Speculation, Kazakhstan’s Bitcoin Miners Say Issues Did Not Affect Them This week the civil unrest in Kazakhstan caused a
The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners. President Tokayev Has Nation Under Control After days of turmoil, the embattled administration of Kazakhstan’s President Kassym-Jomart Tokayev says it now has the country stabilized. Law enforcement agencies have retaken all administrative buildings that were attacked by protesters
The government of Laos issued exclusive crypto regulation guidelines this Tuesday, encouraging cryptocurrency mining operations and trading platforms in the nation, but assuring that the government also benefits from the industry. While attempting to pull off a rather commercial move as something charitable, Laos’ Minister of Technology and Communications, Dr. Boviengkham Vongdara backed the new guidelines, noting that the regulations are aimed at protecting legitimate rights and interests of both operators and users. Native and Financially proficient Crypto businesses allowed to operate According to the updated crypto policy, crypto mining
The DeFi space has accelerated at a pretty good pace of late, despite some setbacks in the first half of the year. In 2021 alone, the ecosystem reported a growth rate of over 20x. A lot of upcoming protocols like Abracadabra have made star entries recently too. Even so, platforms like Maker, Aave, and Compound are ruling the roost, still maintaining their spot in the top five in terms of total value locked. Maker and Aave have had their fair share of price pumps over the last couple of months. However,
China-based Bitcoin mining hardware manufacturer Canaan is set to increase its self-mining hash rate to 1.8 exahashes per second, which would account for 1% of the network's current total.The scaling plan positions Canaan to become a major Bitcoin mining company as it seeks to adjust the balance between the sales of its spot and future orders and proprietary mining capacity. Nangeng Zhang, founder and chairman of Canaan, said in the firm's Q3 earnings call on Tuesday that its current operating hash rate has been kept at 0.032 EH/s since the
According to a new study, one of the industry’s largest DeFi protocols is experiencing a motivational crisis. Alex Kroeger, an Ethereum researcher, discovered in his paper that the majority of Compound’s liquidity miners have little to no financial interest in the protocol and do not engage in its governance. The analysis looked at the top 100 accounts by accrued COMP from liquidity mining in order to show that Compound’s liquidity mining needs to be fixed. The miners at compound aren’t holders Compound was one of the first protocols to implement
Bitcoin Taproot is finally live, a network upgrade that has been four years in the making. It was first put forward by Greg Maxwell, cryptographer and developer, in 2018 after SegWit was implemented on 24 August 2017. SegWit was the first major BTC soft fork update, which wasn’t taken all too well by the community. Now, four years later, the ecosystem has another update in store to improve the privacy, scalability, and security of the network. In this article, we will try to draw a possible adoption roadmap for Taproot
As the DeFi segment with the clearest application scenarios and the strongest demand, decentralized exchange (DEX) has always been attracting the most attention.Sponsored Sponsored It also embodies the greatest competitiveness as well as the strongest capital effect. Since its low and stable performance in the middle of last year, DEX’s total trading volume has grown rapidly, and the monthly figure peaked at $162.8 billion in May. Sponsored Sponsored Although it is still lagging behind the centralized exchange (CEX), its market size of hundreds of billions of dollars obviously can not