City Cambridge, county Centre Financial News
23.10 / 13:33
Asia
Bitcoin
Destinations
Kazakhstan among top 3 Bitcoin mining destinations after US and China
For over a year, the oil-rich Central Asian country of Kazakhstan has maintained its position as the third-biggest contributor to Bitcoin (BTC) mining after surpassing Russia back in February 2021.
11.10 / 13:49
UPS
FIVE
Waters
Extreme
economy
shock
Global economic losses from extreme weather could hit $5 trln -Lloyd's
LONDON (Reuters) — Global economic losses could reach $5 trillion under a «plausible increase» in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace Lloyd's of London said on Wednesday.
05.10 / 08:49
Latin America
crypto regulation
Caribbean
Cryptoasset Ecosystem Booms in Latin America and Caribbean: Study
The Inter-American Development Bank (IDB) and the Cambridge Centre for Alternative Finance (CCAF) have jointly released a report that provides growing trends in the cryptocurrency industry in Latin America and the Caribbean.
15.09 / 05:17
Blockchain
Ethereum
Adoption
Ether price
Ethereum Price
Ethereum Merge anniversary — 99% energy drop but centralization fears linger
One year after its historic transition to proof of stake, Ethereum has seen a massive reduction in energy use and a marked improvement in access to the network, however, a number of technical issues still mark the road ahead.
24.06 / 01:16
Lowe's
CEO
Platform
crypto mining
Bitcoin
Experts: This Is Why Russia Is Becoming a ‘Crypto Mining Hotspot’
Experts have explained why Russia is reportedly becoming a crypto mining hotspot, as the nation claims its crypto mining hashrate is second only to that of the USA.
08.05 / 16:11
crypto mining
Crypto Mining Entities in Kazakhstan Paid $7 Million in Taxes in 2022 – Next Crypto Hub?
The government of Kazakhstan collected around $7 million in taxes from cryptocurrency mining entities last year.
06.05 / 21:03
business
Mining
regulation
Bitcoin
Kazakhstan collected $7M in crypto mining taxes in 2022
The government of Kazakhstan has received 3.07 billion tenge (approximately $7 million) in tax payments from crypto mining entities in 2022, following the implementation of an amended law regulating the fiscal burden of mining cryptocurrencies, according to the local media reports.
28.02 / 19:37
Blockchain
Technology
Ethereum
Adoption
defi
Bitcoin
Top 5 universities to study blockchain in the UK
Universities in the United Kingdom have started offering cutting-edge research programs, courses and practical experience in various aspects of blockchain technology, including cryptocurrencies, smart contracts, privacy, security and scalability. Students who graduate from these programs will be well-equipped with the knowledge and skills necessary to become leaders in the field of blockchain technology and drive innovation and adoption in various industries.
06.11 / 19:05
Payments
Energy
Energy Consumption
Bitcoin
Why banking uses at least 56 times more energy than Bitcoin
The next time Bitcoin (BTC) comes under fire for energy consumption, remember this statistic. The banking industry uses at least 56 times more energy. That's according to cryptographer and founder of Valuechain, Michel Khazzaka:
05.10 / 20:17
BTC
Lowe's
Bitcoin
Hashrate
Time
Bitcoin Hashrate Hits a New All-Time High – What Does This Mean for BTC Price?
The total hashrate on the Bitcoin (BTC) network reached a fresh all-time high on Tuesday, despite consistently low bitcoin prices. The increase could be a sign that miners are now more optimistic about the bitcoin price.
29.09 / 14:41
BLOCK
Stocks market
RIG
Bitcoin
Bitcoin’s emission rate might surprise HODLers in this bear season
The bear market has been in effect for some time, and it may have resulted in Bitcoin reducing its emissions. The reports from the Cambridge Centre for Alternative Finance showed a decline in Bitcoin power demand and consumption.
27.09 / 10:27
Electricity
Bitcoin
Nuclear and gas fastest growing energy sources for Bitcoin mining: Data
The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data.
28.06 / 01:17
Blockchain
UPS
Aware
Bitcoin
Here’s the latest chapter in Iran’s clampdown on crypto-miners
The crypto-community of Iran has shared its opposition to the reinstated seasonal limit on cryptocurrency mining. Despite being aware of the potential of cryptocurrencies as a way to avoid international sanctions, the government is once again limiting crypto-mining operations to reduce the burden on the nation’s power supply.
25.06 / 10:05
business
Blockchain
Electricity
Bitcoin
Drop
Power
network
Bitcoin Network
Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s).
24.05 / 11:55
business
Blockchain
Adoption
Bitcoin
Updates
WEF 2022, May 24: Latest updates from the Cointelegraph Davos team
Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top).
18.05 / 13:47
27.04 / 22:43
Citi
Provident
BTC
Bitcoin
BTC Mining
BTC mining efficiency grew by 63% from 12.6 to 20.5 EH per GW, but…
On 25 April 2022, the Bitcoin Mining Council (BMC) released a report that provides the findings related to a survey conducted by the organization. The findings focused on the three major metrics of electricity consumption, technological efficiency, and sustainable power mix. The report confirmed year-on-year improvements in the sustainable power mix and technological efficiency.
10.01 / 16:41
Law
Adoption
bills
Bitcoin
lawmaker
Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse
Deputy for the Spanish Ciudadanos political party María Muñoz has proposed a bill to make Spain a Bitcoin mining hotspot following the internet shutdown that caused a mining outage in Kazakhstan.
07.01 / 18:01
cryptocurrency
Bitcoin
Crypto miners
Bitcoin price slumps as Kazakhstan Internet black-out hits crypto miners
The price of Bitcoin slumped on Friday to lows not seen since September as Kazakhstan, the second-biggest country for Bitcoin mining, lost Internet access amid the political upheaval over energy prices.
07.01 / 12:41
business
cryptocurrency
Bitcoin
Cryptocurrency update: Bitcoin plunges to its lowest since September 2021
Most popular cryptocurrency Bitcoin on January 7, 2022, plunged below $42,000, which is its lowest since September, 2021. Bitcoin touched $40,938, its lowest recorded since September 29.
25.12 / 19:23
Twitter
Yellow
Huobi
Bitcoin
MEXC
Crypto exchange MEXC Global to ‘retire’ Mainland China user accounts
It took just over three months for Bitcoin miners to disappear from China. New data from researchers at the University of Cambridge revealed the swift impact of Beijing’s crackdown on cryptocurrency mining.
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