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Bitcoin Miner Bitfarms Enters US Market With 24 MW Farm Purchase

Bitfarms has acquired its first U.S. property, a 24 MW farm that kickstarts its presence in the American bitcoin mining market. “We prioritize locations with cost-effective electricity that allow for further growth and expansion,” its CEO said. In October, the miner started constructing a 210 MW farm in Argentina and two facilities in Canada. Canada-based bitcoin mining company Bitfarms has…

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US Congress plans ‘demystifying crypto’ committee hearing for Nov. 17

The Joint Economic Committee, which includes Republican and Democratic members of both the U.S. House of Representatives and Senate, will be holding a hearing on the role of government concerning crypto. According to the Joint Economic Committees, or JECs schedule for next week, congressional members will be listening to industry experts speak at a hearing called Demystifying Crypto: Digital Assets…

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Bitcoin Taproot Explainer – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Taproot and Schnorr signatures are going live on Bitcoin at block 709,632. This is going to be a massive foundational achievement to continue building on into the future. It’s been four years since Segregated Witness went live on the network, our last major protocol upgrade. That’s as long as a halvening cycle! Think about that. Four years from SegWit going…

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Subsquid building decentralized indexing technology with new $3.8M funding

Subsquid, a query node framework for Substrate-based blockchains, announced Thursday that it has closed a $3.8-million seed round led by Hypersphere Ventures. The company said that it expects to use this seed capital for developing the first blockchain indexing solution. The new data query technology, as per the announcement, will tap into a network of indexers and allow anyone to…

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Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims – Regulation Bitcoin News

Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncertainty, wagering, and harm. Cryptocurrency Is Forbidden for Muslims Under Islamic Law in Indonesia Indonesia’s Ulema Council (Majelis Ulama Indonesia or MUI), the country’s top Islamic body that holds…

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Discord CEO Walks Back Crypto Wallet Hint After Community Backlash

On November 8, Jason Citron, the CEO and founder of social messaging platform Discord, tweeted an image featuring the Discord layout and an integration with crypto wallets MetaMask and Wallet Connect. Now, just a few days later, he has walked back this seemingly harmless hint, adding that Discord has no current plans to ship this crypto wallet integration. The reasons…

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How to spot a rug pull in DeFi, 6 tips by Cointelegraph

In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls One of the most widespread types of crypto scams. Booming growth coupled with a lack of oversight by traditional authorities has attracted an influx of fraudsters to the DeFi ecosystem.According to a recent report by Ciphertrace,…

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