A candidate for the Board of Directors of the CME Group suggested that the company should also perform bitcoin mining. This is Dante Federighi, co-founder of Fortezza Forza RMC Fund LLC and member of CME since 1997, who in an open letter to CME shareholders asking for a vote in support of his candidacy explicitly
In Russia, the government has begun preparations to provide electricity to Kazakhstan for cryptocurrency mining. Local newspaper RBC reports that the governments of the two countries have agreed to amend the existing agreement on measures to ensure parallel operation of the two energy systems. Specifically, it reports that the Russian government has ordered appropriate amendments
Mining has opened the door to different types of industries, such as those that manufacture the machines that allow miners to extract large volumes of cryptocurrencies from a related protocol, or companies that sell computing power to miners, just like NiceHash does. Operational since 2014, NiceHash had a major security flaw in 2017 that “undermined”
Yesterday, Blockstream announced an official partnership with Macquarie, a financial services giant, to develop and operate carbon neutral Bitcoin mining facilities. Who is Macquarie Group and why a partnership with Blockstream? Macquarie Group Limited is a multinational investment bank headquartered in Australia, operating in 31 countries and employing over 15,000 people. According to the IPE
For some time now, people have been discussing the excessive energy consumption required for cryptocurrency mining, an activity already banned in China by the authorities precisely because of its excessive energy consumption. Elon Musk mentioned this in a tweet Elon Musk had caused a market downturn with a tweet months ago, following his statement that
Glassnode data analyzed by CryptoSlate shows that the U.S.-based crypto exchange Gemini and its stablecoin Gemini Dollar (GUSD) are starting to lose followers and the community’s trust as metrics fall to all-time lows.GUSD holders and exchange volumesThe number of active addresses that hold GUSD has slumped back to its 2020 levels. The chart below represents the
Canaan is one of the most famous manufacturers of bitcoin mining ASICs, second only to the giant Bitmain. In the same way as Bitmain, the company would like to launch its own IPO in order to increase the capital available to the company. It seems that Canaan has already requested and completed all the necessary
Abkhazia has been a major part of Georgia throughout history and now it is also a nevralgic center for crypto mining. This region has been troubled with conflict back in the 90s which resulted in Russia illegally seizing Abkhazia. Only a slew of countries recognize Abkhazia as a sovereign state and most UN member states
In 2019, the world of semiconductors moved from its previous 14- and 16-nanometre production processes to TSMC’s new 7-nanometre node, with enormous repercussions for the entire IT sector, due to the possibilities offered by the new, increasingly dense and efficient chips, which are therefore able to improve the performance per watt of the various products.
In recent days there has been a heavy drop in the hashrate of Bitcoin. Until October 24th it had remained around 140 Ehash/s, but in the following days, a sudden drop took place that brought it below 100 Ehash/s. In just three days, it lost practically 28% of the total hashrate used to mine BTC.
