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US Becomes Largest Bitcoin Mining Market After China's Crypto Ban
According to new data from Cambridge University, the United States has become the global leader in the Bitcoin mining industry.
The United States has become the world's largest market for Bitcoin mining, according to new data from Cambridge University.
The United States now holds a share of 35.4% of the market, following a mass exodus of miners from China after the Chinese government banned mining earlier this year.
Kazakhstan and Russia follow the United States, with shares of 18.1% and 11% respectively.
"The immediate effect of the government-mandated ban on crypto mining in China was a 38% drop in global network hash rate in June 2021 - which corresponds roughly to China's share of hash rate before the clampdown, suggesting that Chinese miners ceased operations simultaneously," Michel Rauchs, digital assets lead at the Cambridge Centre for Alternative Finance said. Read More
Polkadot Community Greenlights Parachain Auctions
The Polkadot community today approved a Proposal for Polkadot’s first parachain auctions. The establishment of the parachains is being seen as a significant step towards multichain interoperability.
Polkadot took a significant step towards its goal of creating interoperability between blockchain networks today, with its community approving a proposal to launch the project’s first parachain auctions.
Web3 Foundation member Joe Petrowski introduced the proposal on Polkadot’s community governance discussion platform. He stated that with the success of Kusama’s parachains and Parity’s assessment that “the code for parachains, auctions, and crowdloans is ready for an initial production release,” he believed that Polkadot should also be ready for parachain auctions. Read More
Platform releases project token to help supply renewable energy power to households and cryptocurrency miners
To take back control of rising costs of energy consumption, a blockchain startup releases a payment solution that gives users access to renewable energy supplies.
As the prices of Bitcoin (BTC) have risen this year, so have the concerns about the energy consumption of cryptocurrency mining. Due to the Proof of Work (PoW) protocol for mining, some estimates suggest that the Bitcoin network uses almost as much energy as Argentina. Therefore, many skeptics are quick to blame the digital currency for carbon emissions and climate change. As a result, although some cryptocurrencies don’t use mining at all, the industry as a whole is often quick to receive blame for its environmental impact. Read More
Interview With Aventus On The Opportunities For Token Holders With Their Staking Program
When the Ethereum Network launched its Deposit Contract and began its journey into a Proof-of-Stake (PoS) based consensus, critics doubted that it was going to generate enough interest to lock the necessary 500,000 ETH. At the time of writing, over 7 billion ETH or $25 billion have been sent to this address.
This proved one more time that there is a high demand from stakers to access products capable of offering yields on their investments. This was acknowledged by Aventus Network, a customizable layer-2 scaling solution to build on Ethereum and other blockchains for faster and low-cost transactions.
The protocol operates with a PoS based layer; a native token called AVT, and a staking mechanism via the Aventus Validator Program. This allows users to have access to fast transactions and rewards for staking their funds in the protocol. Read More
Markethive is determined to take a large share of the new Market Network next-generation following the Social Network phenomena. That Market Network is defined as a platform that is integrated with a social network (like Facebook), SAAS tools (like GoToMeeting, ZOOM, and Google Apps) commerce platforms (like eBay, Freelancers, Coinbase, Alibaba).
Markethive has created its consumer coin, Hivecoin (HIVE), originally named MHV, as an instrument to their Ecosystem for Entrepreneurs. So Markethive will establish its niche as the only social (Market) Network with an infinity Airdrop and a system that rewards the users for using it with additional micropayments, otherwise known as a Faucet.
Bottom line, by joining Markethive, you will get a Market Network Inbound Marketing platform worth $2500 per month for free and get “Airdropped” paid up to 500 Markethive coins [HIVE] just for joining. And continue to receive these coin assets for the duration of your life within the hive. Read More
SpaceBudZ Marks First NFT Sale Above $1 Million On Cardano Network
The NFT market on Cardano has boomed ever since smart contracts capability was introduced on the blockchain. Although these smart contracts are not required for minting NFTs, they brought more users to the network, which, in turn, brought more interest into NFTs minted on the platform. Various artists have released and sold their NFTs on the blockchain, and now, SpaceBudz has successfully recorded the first Cardano NFT sale above $1 million. Read More
Crypto Is a 'Major Priority' for Miami Mayor Building City Into Crypto Capital of the World
Miami Mayor Francis Suarez says that cryptocurrency is a “major priority” for him as he attempts to build his city into the crypto capital of the world. “I want us to differentiate ourselves as a crypto capital of the United States or of the world,” he said.
Miami Mayor Francis Suarez talked about bitcoin and cryptocurrency in an interview with Bloomberg, published Tuesday. The mayor has been lobbying lawmakers to allow government employees to be paid in bitcoin in addition to allowing taxes to be paid in the cryptocurrency and for the city to invest a portion of funds in BTC. He was asked how much of a priority crypto initiatives were for him. Read More
DeFi On Bitcoin Gains Momentum As RSK Introduces Secure Smart Contracts Platform
Following the launch of Bitcoin in 2008, several promising trends have emerged across the blockchain ecosystem. While some have faded with time, other trends have gained enough traction to establish themselves as transformative movements capable of disrupting traditional business and financial models.
Decentralized finance (DeFi) is one such trend that has exploded in popularity over the last couple of years. Per a recent Forbes report, growth in the DeFi industry accelerated in 2020, especially due to the influx of DeFi protocols on the Ethereum network, increasing from $700 million in December 2019 to $13 billion as of December 31, 2020. Read More
Promising Blockchain Projects To Watch This Uptober As Moonvember Approaches
The month of REKTember is finally over, and Uptober is in full bloom. As we enter the second week of October, the Crypto Fear & Greed Index has already jumped from ‘Extreme Fear’ to ‘Extreme Greed,’ underscoring the impact of the ongoing bullish run of most major cryptocurrencies.
Following a slow and bearish market throughout September, prices of BTC, ETH, SOL, ADA, and several other prominent cryptocurrencies shot up during the first week of October. Seminal cryptocurrency bitcoin (BTC) is surging towards $58,000, its highest level in almost five months.
Historically, October has always been a month of green candles and bullish momentum, and this year is no different. Despite China’s ongoing crypto crackdown, the SEC moving ETF applications forward and Federal Reserve Chair Jerome Powell’s note that the US won’t blanket ban cryptocurrencies helped spark a sharp upward recovery for major coins.
Amid the prevailing market momentum higher, here are four promising blockchain projects that crypto investors, both retail and institutional, should consider this Uptober. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
