marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
crypto mining
01/24/2022
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By Ramon Tomey
Russia plans to ban crypto mining and trading – regulator report
Russia’s financial regulator has proposed a ban on cryptocurrency-related activities such as trading and mining in the country. To back this proposal, it released a report outlining crypto’s potential use for criminal activity and the high energy requirement of crypto mining. The Central Bank of Russia (CBR) publicized its crypto report on Jan. 20, via […]
01/07/2022
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By Ramon Tomey
Kosovo BANS crypto mining in order to save energy during power shortage
The southeastern European nation of Kosovo imposed a ban on cryptocurrency mining to reduce its energy consumption. The ban enacted Jan. 4 came amid the former Yugoslavian territory facing its worst power shortage in decades. In a statement, Kosovar Economy and Energy Minister Artane Rizvanolli said: “All law enforcement agencies will stop the production of […]
09/07/2021
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By Franz Walker
Big margin bets driving wild swings in cryptocurrency market
The wild swings in the values of cryptocurrencies, such as bitcoin, are being driven by more than Elon Musk’s tweets or China’s crackdowns. Instead, traders taking excessive risk in the market being forced to sell when prices go down are thought to be largely responsible for last week’s 30 percent price drop. Bitcoin, the world’s largest […]
07/01/2021
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By Franz Walker
Top Bitcoin mining rig maker suspends sales as clients flee Chinese crackdown
The world’s top bitcoin mining rig maker has suspended sales of its machines for spot delivery globally following Beijing’s crackdown on the cryptocurrency industry in the country. Bitmain Technologies is stopping sales in an effort to prop up local prices after crypto miners fleeing China have started dumping used mining rigs on the market. By postponing sales, […]
07/01/2021
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By Virgilio Marin
China’s crypto ban forces Bitcoin miners to sell out or flee overseas
Chinese miners are selling out or seeking new markets overseas after local governments in mining hubs in China imposed sweeping bans on cryptocurrency mining. “Many miners are exiting the business to comply with government policies,” said Mike Huang, operator of a crypto mining farm in the southwest province of Sichuan, which is China’s second leading Bitcoin mining […]
06/19/2018
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By Ethan Huff
As Bitcoin wastes the world’s electricity, Bitcoin mining now a money-LOSING proposition
The market price of the popular online cryptocurrency Bitcoin has sunk so low in recent days, compared to the all-time highs it reached last Christmas, that “mining” the digital “money” is no longer a profitable endeavor, new reports indicate. Because “digging up” Bitcoins from cyberspace requires an incredible amount of computing power and constant technology […]
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