Cryptocurrency-based financial services company BlockFi, which has filed for bankruptcy before US authorities, has been cleared by the bankruptcy court to sell its crypto mining equipment and other physical assets in order to raise around $5 million dollars.
The assets will be sold at an auction in…
Read More...
Browsing Tag
mining
BlockFi starts selling mining assets
BlockFi, the bankrupt cryptocurrency lender, has begun receiving offers for its mining business assets and expects more before its February 20 deadline.
According to BlockFi's lawyer, Francis Petrie, the company wants to get offers as soon…
Paraguay raises electricity rates for mining
The National Electricity Administration (ANDE) of Paraguay announced an increase in the rates of the "special intensive consumption group", where cryptocurrency mining stands out.
Decree 7,824, with resolution 46,984, establishes that…
Germany tops list of world’s most pro-crypto countries in Q3 2022
Cryptocurrencies are present in most of the world's economies. Germany is not out of the adoption trend and, according to a study by Coincub, the European country is in the top of the most favorable to crypto adoption for the third quarter…
Bitmain donates $1 million to research bitcoin mining
The world's leading company in the manufacture of Bitcoin and cryptocurrency mining equipment, Bitmain, donated 1 million dollars to the Hong Kong Polytechnic University with the purpose of financing the execution of projects that allow…
New York mayor challenges state mining ban
Eric Adams, mayor of the city of New York, indicated his disagreement with the bill, sanctioned by the state Congress, that prohibits crypto mining based on Proof of Work (PoW) considering that the “measure is not the way to follow to…
They propose to suspend cryptocurrency mining in New York
New York lawmakers are preparing to amend the state's Environmental Conservation Law and are proposing to suspend cryptocurrency mining operations that use the proof-of-work (PoW) authentication protocol to validate business activities of…
Kazakhstan to propose new tax regime for cryptocurrencies
Kazakhstan's Minister of Economy, Alibek Kuantyrov, explained that the government is working on a new tax regime that aims to increase taxes on activities related to cryptocurrency mining. As well as "its intention to link the new rate to…
Three thousand companies participate in the 2022 Bitcoin conference
The 2022 Bitcoin conference will be held from today until April 9 at the Miami Beach Convention Center, in the United States, the participation of more than 3 thousand companies related to the cryptographic system and approximately 450…
Russian official urges cryptocurrency mining legalization
Evgeny Grabchak, Deputy Minister of Energy of Russia, called for cryptocurrency mining to be legalized in the country as soon as possible, through a regulation that establishes all the necessary points.
“The legal vacuum makes it difficult…
European Parliament rejects the ban on PoW mining
The European Parliament's Committee on Economic and Monetary Affairs has rejected the version of the draft Digital Assets Market Act (MiCA) that prevented cryptocurrencies based on Proof-of-Work (PoW) mechanisms.
The version of the law…
Hyperinflation boosts the use of cryptocurrencies in Venezuela
Venezuelan citizens currently use dollars, euros, Colombian pesos for their transactions. Cryptocurrencies also have an important use in the market to cancel products and services as a result of the loss of value and confidence of the…