Scott’s Mining Conference, hosted in Round Rock, Texas on February 7 and 8, featured a panel entitled “Immersion” with five panelists: David Branscum (director of business development at Midas Immersion Cooling), Justin Podhola (founder and CEO of Elite Mining Inc.), Scot Johnson (CEO of Digital Shovel), Jonathan Yuan (owner of Coin Heated LLC) and Gary Testa (president and CEO of…
At this year’s International Solid-State Circuits Conference (ISSCC), Intel shared tech details for its first-generation “Bonanza Mine” (BMZ1) blockchain accelerator chip, which it recently started taking orders for. The computing giant also unveiled a new 3,600-watt mining rig comprising 300 BMZ1 chips. The first thing to note about the BMZ1 chip is that it’s an application-specific integrated circuit (ASIC), meaning…
It might seem unlikely that BlockFi founder and CEO Zac Prince would describe a prosecution that resulted in a $100-million fine for his company as “a win not only for BlockFi but for the broader cryptocurrency industry,” but that is indeed what he said. And, he might be right, although it remains to be seen for now. The settlement Founded…
As the total cryptocurrency market capitalization dipped below $2 trillion last week, major crypto execs have been increasingly talking about a potential continuous bear market or a “crypto winter.” Contrary to the expectations of many in the crypto market, Bitcoin (BTC) failed to surge above $68,000 in 2021 and continued dropping below $40,000 in early 2022, causing significant losses for…
Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts. According to Cambridge Bitcoin Electricity Consumption Index (CBECI), Kazakhstan was housing over 18% of the world’s BTC hash rate as of August 2021, following only the United States. Kazakhstan’s…
El Salvador President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation. President Bukele took to Twitter to inform the crypto community on Sunday that he was sending a list of 52 legal reforms to Congress. Among the most notable proposals, Bukele called for the removal of red tape, reducing bureaucracy, creating tax…
KeychainX AG is a Swiss based crypto recovery company helping people access lost crypto since 2017. The company also has a patent pending keyless crypto wallet based on geographical and bio metrics using social recovery. Robert Rhodin is the CEO of KeychainX. He recently joined the Bitcoin.com News Podcast to talk about the possibilities of recovering $100 billion in lost…
Bitcoin (BTC) is now seeing “tepid” demand just three months after hitting its latest all-time high, according to on-chain analytics firm Glassnode. In a tweet on Feb. 18, researchers flagged a sea change in Bitcoin on-chain activity compared to just three months ago. Bitcoin active entities echo 2019 “mini bull peak” Bitcoin’s descent from $69,000 to $33,000 has been accompanied…
Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection. Vkontakte to Facilitate Use of Non-Fungible Tokens The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology and non-fungible tokens (NFTs), the company’s…
From attempting to buy the U.S. Constitution to Super Bowl ads, DAOs have been trying to spend big. Now, according to CNBC, one is trying to buy the Denver Broncos. A decentralized autonomous organization (DAO) is one of crypto’s latest buzzwords and refers to a group of people who come together to raise funds for a common mission. In this…
