Mining company BIT Mining Limited has abandoned plans to build a data center for mining cryptocurrencies in Kazakhstan due to problems with energy supply in the country. This is stated in the company's documents.
It is reported that the company's equipment located at other sites in the country will continue to operate in the country.
In January 2022, bitcoin miners earned 20% less than their colleagues engaged in Ethereum mining
January turned out to be a difficult month for bitcoin miners. According to a BeInCrypto study, they earned $1.2 billion in a month. Although the figures seem impressive, total revenue for the month decreased by $220 million compared to December 2021 — a drop of 15%.
It looks like Georgia will be the last US state to consider potential tax breaks for cryptocurrency miners.
Georgia House Bill 1342, introduced on February 14, aims to "exempt from the sale or use of electricity used for commercial mining of digital assets." It was introduced by a quintet of Republican deputies.
The CEO of one of the largest manufacturers of Intel chips, Pat Gelsinger, in an interview with Bloomberg Technology, criticized the first crypto currency for its impact on the environment.
This step is designed to maintain the profitable profitability of the stablecoin savings protocol at about 20% per year.
In a tweet posted early Friday, Do Kwon, founder of Terraform Labs, an organization developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced an infusion of 450 million UST ($450 million) into the Anchor protocol reserves.
Altcoin XRP became the only digital asset in the top-10 ranking, ending yesterday with an increase of three percent. Investors bought cryptocurrencies based on the results of the next round of Ripple and US SEC litigation.
According to the developers of the project, the first version of a decentralized autonomous organization for members of the Shiba Inu community called DoggyDAO was launched on Friday on the decentralized cryptocurrency exchange ShibaSwap.
Two Ripple legal briefs are now available to the public. The defense attorney, former federal prosecutor James K. Phelan, says the legal memos prove that Ripple is not a security.
Bitcoin collapsed on Thursday to the maximum in almost a month amid the sell-off of risky assets. BTC lost 7.7%, ending the day at about $40,700. Ethereum fell by 7.7%, other leading altcoins from the top ten also declined: from 5.4% (Finance Coin) to 8.5% (Terra).
The total capitalization of the crypto market, according to CoinGecko, sank by 7.3% in a day, to $ 1.94 trillion. Bitcoin was sold more actively than altcoins, which led to a decrease in the bitcoin dominance index by 0.3%, to 39.8%. The cryptocurrency fear and greed index collapsed by 22 points to 30, returning to a state of fear.
Fidelity International Launches Physical Bitcoin ETP in Zurich
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