Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Chinese mining giant Canaan doubles profits despite the blanket crypto ban

The Chinese crypto miner maker Canaan has been expanding its mining business, accumulating a total of 346.84 BTC by the end of June.

Bitcoin, Ethereum Technical Analysis: ETH Below $1,900 as Ethereum Foundation Comments on Gas Fees

Ethereum was once again trading below $1,900 during Thursday’s session, as the Ethereum Foundation clarified speculation surrounding The Merge. It was recently rumored that the move will reduce gas fees, however these claims were somewhat dismissed. Bitcoin was also lower, as it continued to trade below $24,000. Bitcoin Bitcoin (BTC) fell lower for a fifth […]

Canada: 9 provinces impose a purchase limit of $30,000 for altcoins

http://cryptocurrency.packagingnewsonline.com/canada-9-provinces-impose-a-purchase-limit-of-30000-for-altcoins/ Recently, some provinces in Canada imposed a new restriction on cryptocurrencies. They decided to limit the amount of cryptocurrencies that can be purchased annually at $30,000. However, Bitcoin, Ethereum, Litecoin and Bitcoin Cash are exempt from this regulation. [..] Furthermore, the $30,000 limit will reset each year. In addition, it also grants certain exemptions…
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Vitalik Buterin to Discuss Ethereum’s Upcoming ‘Merge’ in San Francisco

submitted by /u/Vashe00 [link] [comments]

Ukraine has shown the value cryptocurrency offers to real people

Ukrainian refugees have used cryptocurrency to survive. And contrary to what critics believe, sanctions have prevented Russia from finding much use for crypto.

Tether reserve attestations to be conducted by major European accounting firm

BDO Italia, a member of the BDO Global accounting organization, will begin producing monthly attestations of Tether’s USDT backing.

Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds

Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts in the country. Experts say, however, that Russia has the spare capacities to satisfy […]