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Chinese Bitcoin Miners Migrate North After Wet Season

[ad_1] A China-based crypto news outlet recently published a comprehensive report on the costs associated with building a digital currency mining farm in China. Additionally, the local publication revealed that Chinese miners are starting to migrate north to access cheap thermal power and wind power after the wet season in Sichuan. Also read: RBI Ban Stops Indian Police From Cashing Out Seized Crypto Chinese Miners Begin to Migrate Chinese miners
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Virginia Bitcoin Mining Operation Ordered to Liquidate Assets

[ad_1] BCause Mining, a Bitcoin (BTC) mining operation in the city of Virginia Beach in the United States, was ordered to liquidate its assets. In an Oct. 9 article, local news outlet the Virginian-Pilot reported that the Bitcoin mining company filed for bankruptcy earlier this year. This week, a federal judge approved the motion to convert the filing from a reorganization to a chapter 7 liquidation.BCause Mining was ordered to liquidate
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Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash

[ad_1] A man named Oscar Salas recently spoke about his quest to spread bitcoin cash (BCH) adoption on episode 34 of the Bitcoin Cast show. Salas explained in great detail how he is a passionate BCH supporter and the organizer of the Maracaibo city BCH meetup. Following his interview a few days later, Salas and his partners showed the benefits of bitcoin cash to an audience of over 200 taxi
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BitGo to Provide Custody for Crypto Assets Under Bitstamp Management

[ad_1] Digital asset financial services firm BitGo will provide secure storage for crypto assets under management at major cryptocurrency exchange Bitstamp.$100 million insurance policyIn a press release on Oct. 9, the Luxembourg-based cryptocurrency exchange announced that BitGo will offer custodianship of its digital assets. The Bitcoin (BTC) exchange will start transferring assets to BitGo’s wallets on Oct. 10, 2019. Bitstamp CTO, David Osojnik, said:“BitGo has been one of our most
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US SEC Rejects Bitwise Bitcoin ETF Proposal

[ad_1] The United States Securities and Exchange Commission (SEC) has rejected a proposal to list a Bitcoin (BTC) exchange-traded fund (ETF).In an announcement on Oct. 9, the Commission stated that the ETF filing from Bitwise Asset Management and NYSE Arca did not meet the necessary requirements. Specifically, regulators stated that the applicants did not meet the necessary requirements regarding possible market manipulation and illicit activities. The SEC wrote:"Rather, theCommission is disapproving this proposed
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Bitcoin Price Rallies to Touch $8,600 While Altcoins Follow

[ad_1] Wednesday, Oct. 9 — Bitcoin (BTC) continues its rebound, jumping $400 in a few hours, while altcoins rally in sync with BTC.Cryptocurrency market daily overview. Source: Coin360The world’s most popular crypto coin rallied from an intraday low of around $8,200 up to its current trading price near $8,600, showing impressive gains of over 5% in the past 24 hours, while a vast majority of the top 100 crypto coins
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Blockchain Among Highest-Paying Industries in Canada

[ad_1] A recent report from the Canadian Digital Chamber of Commerce shows that salaries in the Canadian blockchain industry are amongst the highest in the country.Much needed legal clarityThe Chamber of Digital Commerce Canada released its October report on the country’s blockchain ecosystem, showing insights into the health of the industry, current strengths and legal needs throughout Canada.The report collected data from more than 150 participants coming from the cryptocurrency
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Bitmain Announces Two New ASIC Cryptocurrency Mining Rigs

[ad_1] Leading Application Specific Integrated Circuit (ASIC) producer Bitmain announced two new series 17 Bitcoin (BTC) mining machines in a blog post published on Oct. 9.Bitmain: higher efficiency and hashrateBitmain co-founder Jihan Wu announced the S17+ and T17+ mining machines at the World Digital Mining Summit (WDMS) in Frankfurt. Bitmain claims that the new ASICs feature improvements to power efficiency and hashrate. The post states that the new hardware is
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Sean Walsh: Cryptocurrencies Can Harness More Human Energy

[ad_1] Bitcoin scores high in terms of ‘moneyness’ compared to other forms of money as it has some technical advantages and social inertia. In an interview with Bitcoin.com’s Humans of Bitcoin podcast, brilliant contrarian thinker Sean Walsh shared his opinion about cryptocurrencies and their place within the global financial system. The crypto investor believes decentralized digital money can utilize a greater percentage of human energy and help return our civilization