Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts

The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”Bitcoin mining is an energy-consuming process, as it is a proof-of-work (PoW) blockchain network that…

Residents would not be violating sanctions by visiting Tornado Cash's website, copying the mixer’s open-source code, nor making the code available online or in print. 615 Total views 7 Total shares The United States Department of the Treasury said “interacting” with cryptocurrency mixer Tornado Cash’s open-source code, with certain provisions, would not be in violation…

Raoul Pal, the CEO and founder at Real Vision, believes the price of Bitcoin (BTC) can reach $476,000 in the long-term. Pal is not alone in this belief as hedge fund managers like Morgan Creek Digital’s Mark Yusko have also made similar predictions in the past.Currently, the price of Bitcoin hovers at around $9,700 and…

If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule.

Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years.Cointelegraph contributor and market analyst Michaël van de Poppe recently said that…

Taking the stage at the MENA Climate Week, Kristina Cornèr, the editor-in-chief of Cointelegraph, shared insights into how the crypto community could contribute to positive climate impact. 181 Total views 28 Total shares MENA Climate Week kicked off on Tuesday with a focus on discussing the use of blockchain technology for bringing transformative climate action…

Like DeFi in 2020, gaming is considered by many to be the next major growth play for the blockchain industry in 2022. 65 Total views 1 Total shares Crypto-focused venture firm Framework Ventures has raised $400 million in new funding to invest in early-stage companies across the Web3, blockchain gaming and decentralized finance (DeFi) industries. The…

The Sacramento Kings NBA basketball team has partnered with CryptoKaiju to launch crypto-collectibles.In a press release on Oct. 16, the Sacramento Kings announced a new collaboration with the creator of Ethereum-based Kaiju toys, CryptoKaiju. The companies will give away 100 limited-edition Kaiju collectible toys throughout the 2019–2020 basketball season.Each collectible is backed by a non-fungible…