EU Carbon Taxes Push Bitcoin Mining to Russia, Study Claims
The study, published by three Vietnamese investigators, found a positive relation between the EU’s carbon emissions pricing and a so-called “leakage” to cheaper jurisdictions, such as Russia. This means that as carbon allowance pricing grows, some of this mining activity shifts to Russia to maximize profits. Study Suggests High EU Carbon Pricing Causes Mining Migration […] Powered by...
Bitcoin Miners Get a Lifeline as Hashprice Explodes 20% Higher
Over the last four days, Bitcoin’s hashprice has climbed 20.41%, punching into territory not seen since May. Bitcoin miners are pocketing fatter revenue from the latest price rally, delivering a badly needed reprieve after months of tighter margins. Bitcoin Mining Revenue Rises Bitcoin miners are finally catching a break from the price jump, with hashprice […] Powered by...
Big Banks Demand Identity Checks for Secondary Stablecoin Markets
The Bank Policy Institute, representing the massive U.S. banking lobby, filed a comment letter asking FinCEN to apply customer identification requirements to secondary stabilization markets, extending the provision applied to stablecoin issuers to exchanges with a direct relationship with retail customers. Big Banks Ask For Customer ID Requirements to Be Extended to Secondary Stablecoin Markets […] Powered by...
Bitcoin’s ECX Fork Is Coming: When It Hits and Who Gets Free Coins
Bitcoin holders are lined up to receive a matching balance of a new asset called ecash (ECX) when the project kicks off its three-stage hard-fork rollout with an alpha launch around Bitcoin block height 963648. The launch comes from Layertwo Labs, founded and led by longtime Bitcoin developer Paul Sztorc, also known as Truthcoin. The […] Powered by...
Bitcoin May Hit Turning Point This Week as Durable Bottom Takes Shape
Grayscale says bitcoin’s sharp weekly rally could mark a turning point after a relatively shallow bear market. Historical cycle comparisons and improving institutional demand suggest the market may be forming a more durable bottom. Grayscale Sees Potential Bitcoin Turning Point Bitcoin’s rapid recovery may signal that its latest bear market has reached a turning point, […] Powered by...
