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CATEGORY: mining industry

Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 22, 2023 01:20

Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF

On Wednesday, Valkyrie Funds, a Tennessee-based asset manager offering a bitcoin futures exchange-traded fund (ETF), a defi fund, and a bitcoin mining industry ETF, filed with the U.S. Securities and Exchange Commission (SEC) for the launch of a spot bitcoin ETF. SEC Flooded With Spot Bitcoin ETF Applications as Valkyrie Funds Steps Into the Ring

The post Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF  appeared first on BTC Ethereum Crypto Currency Blog.

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Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 20, 2023 10:30

Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023

Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176. Bitcoin’s Difficulty Has Risen More Than 22% Since Block [...]

The post Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023 appeared first on Crypto Breaking News.

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Chip Giant Intel Abandons Bitcoin ASIC Production
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 19, 2023 02:10

Chip Giant Intel Abandons Bitcoin ASIC Production

After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000 [...]

The post Chip Giant Intel Abandons Bitcoin ASIC Production appeared first on Crypto Breaking News.

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Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 09, 2023 02:15

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in [...]

The post Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports appeared first on Crypto Breaking News.

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Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 06, 2023 05:50

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have [...]

The post Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector appeared first on Crypto Breaking News.

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