Search Results for: Mongolia

China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

China’s petrochemical industry has accomplished the first-ever blockchain-enabled digital warehouse receipt pledge financing transaction to minimize costs for small and medium enterprises (SMEs) in this sector.  Tackling sluggish financing The transaction also deployed the internet of things (IoT) to hasten to finance, as this has been a challenge faced by many enterprises. It involved Nanchu … Continue reading China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance

Are Bitcoin Miners The Most Violent People on Earth? Climate Journalist Eric Holthaus Seems to Think So

Eric Holthaus, a climate journalist has taken his environmental activism to a new level, describing Bitcoin miners as a “violent” set of human beings. In direct response to the confirmation of Nic Carter as the speaker at the Bitcoin 2021 Summit in Miami, Holthaus noted that the actions of Bitcoiners are putting vulnerable and marginalized … Continue reading Are Bitcoin Miners The Most Violent People on Earth? Climate Journalist Eric Holthaus Seems to Think So

Tesla Reverses Decision to Accept Bitcoin Payments, Citing Carbon Emission Concerns

The electric automaker Tesla Inc. has completely reversed its plans to accept Bitcoin (BTC) payments for its products, citing the digital currency’s energy inefficiency as its reason. Taking to Twitter, Elon Musk, the Chief Executive Officer of Tesla and a big proponent of Bitcoin and crypto, shared the news via his official account.  In a statement, … Continue reading Tesla Reverses Decision to Accept Bitcoin Payments, Citing Carbon Emission Concerns

Bitcoin Mining Technology Luxor Completed $5M Series A Funding Led by NYDIG

Seattle-based cryptocurrency mining software technology company- Luxor announced Wednesday a Series A funding completed with a total value of $5 million. It is reported that the financing was led by NYDIG, a company specialising in providing Bitcoin investment and technology solutions, and mining companies Blockware Solutions, Celsius Network, DPO, Navier, and others followed up.  According to the … Continue reading Bitcoin Mining Technology Luxor Completed $5M Series A Funding Led by NYDIG

New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns

The New York Senators are moving to relax the terms of the earlier proposed Bitcoin and cryptocurrency mining ban. According to the bill which has been passed in the Senate, the lawmakers are now looking at halting only mining operations that are reliant on coal-powered sources while the green options will be allowed to thrive. … Continue reading New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns

China Shuts Down Over 90% BTC Capacity, Sichuan BTC Sites Massively Offline

China intensified law enforcement against domestic Bitcoin mining activities. Bitcoin mining sites in Sichuan Province were reportedly massively disconnected and lost their abilities for further mining operations, according to local media’s coverages. The disconnection was reportedly occurred since Sunday, citing local media’s coverages. Some firms even closed their facilities prior to the outage. According to … Continue reading China Shuts Down Over 90% BTC Capacity, Sichuan BTC Sites Massively Offline

Luxury Hotel & Resort Group Pavilions Welcomes Bookings in Over 40 Cryptocurrencies

Luxury hotel and resort group Pavilions now accepts cryptocurrency bookings, becoming the first international luxury boutique hotel group to accept cryptocurrency for reservations, by up to 40 types of cryptocurrencies. The group cooperates with Coindirect, the world’s leading global encrypted payment provider headquartered in the United Kingdom, to provide customers with a smooth, flexible and … Continue reading Luxury Hotel & Resort Group Pavilions Welcomes Bookings in Over 40 Cryptocurrencies

China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining

Anhui, an eastern Chinese province, has become the latest region to shut down all crypto mining activities, citing an acute power shortage. Crypto mining continues to be unwelcome on Chinese soil as authorities continue cracking the whip on this sector. Intensified crackdown on Bitcoin mining According to Reuters, citing a news portal operated by state-owned … Continue reading China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining

Crypto.com Appoints Former Visa Country Manager Patrick Yoon in Charge of South Korea Operations

Cryptocurrency exchange Crypto.com appointed Patrick Yoon, former Visa country manager, as the general manager of the South Korea region to be in charge of South Korea and Mongolia market. Crypto.com, a Hong Kong-based digital cryptocurrency exchange found in 2016, has experienced substantial growth in the past 12 months, adding more than 1,500 employees. Currently, it has more … Continue reading Crypto.com Appoints Former Visa Country Manager Patrick Yoon in Charge of South Korea Operations

US Now Ranks Ahead of China in Total Bitcoin Mining Servers Hosted

As key Chinese regions, including Xinjiang and Inner Mongolia that boasts of many Bitcoin miners, have grown desolate, a new superpower has emerged. According to a report from Reuters, citing data published on Wednesday by Britain’s Cambridge Centre for Alternative Finance, the United States now ranks as the largest Bitcoin mining hub with 35.4% of the global … Continue reading US Now Ranks Ahead of China in Total Bitcoin Mining Servers Hosted

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