Bitcoin mining firm Compass Mining announced the company has entered a 20-year partnership with Oklo Inc., a California-based firm that produces clean, emission-free energy via advanced fission. Oklo explains the company is committed to providing 150 megawatts (MW) of clean power to Compass in order to drive bitcoin mining operations. Advanced Fission and Bitcoin Mining… Continue reading Compass Mining Partners With Oklo to Power Bitcoin Mining Operations With Advanced Fission – Mining Bitcoin News
Category: Blockchain
Blockchain News brings you the most up to date coverage on blockchain, bitcoin, cryptocurrency and financial technology. In addition, we provide cutting edge research on New Money theory and educate the public
Multinational Financial Institutions Launch Blockchain-Based Carbon Marketplace
National Australian Bank has joined forces with other financial institutions including North America’s CIBC, Itau Unibanco, and NatWest Group, to launch a carbon offset marketplace dubbed Project Carbon. The Ethereum blockchain-based pilot aims to build a robust ecosystem for carbon offsets, according to a press release on July 7, 2021. Supporting the War Against Global… Continue reading Multinational Financial Institutions Launch Blockchain-Based Carbon Marketplace
Honduras: IBM’s Food Trust to Track Coffee, Cocoa Beans Provenance via Blockchain
IBM blockchain and non-profit Heifer International are teaming to help small-scale coffee farmers in Honduras get better access to markets. IBM Blockchain and Heifer to Improve Coffee Supply Chain Smallholder coffee and cocoa farmers and their cooperatives in Honduras are set to tap IBM’s blockchain solution – IBM Food Trust – and IBM Watson Decision… Continue reading Honduras: IBM’s Food Trust to Track Coffee, Cocoa Beans Provenance via Blockchain
World Economic Forum Article Highlights How Blockchain Could Help Tackle Corruption in Government Services
An article published on the World Economic Forum (WEF) website by a company executive, stated the benefits of blockchain, saying that the emerging technology could be the solution to mitigating corruption in government services. Blockchain Application for Public Procurement and Land Registry Matthew Van Niekerk, the co-founder and CEO of Blockchain-as-a-Service (BaaS) solution SettleMint, mentioned… Continue reading World Economic Forum Article Highlights How Blockchain Could Help Tackle Corruption in Government Services
Bitcoin Mining Profitability to Rise 35% While Ousted Chinese Miners Face Delays Relocating – Mining Bitcoin News
Analysts are predicting a rise in Bitcoin mining profitability of about 35% during the short term. This would be the effect of the bitcoin mining crackdown in China. Since the crackdown happened, a significant portion of hashrate stemming from the Bitcoin network disappeared. Ousted miners are struggling to relocate, and some might not even make… Continue reading Bitcoin Mining Profitability to Rise 35% While Ousted Chinese Miners Face Delays Relocating – Mining Bitcoin News
Bitcoin Blocks Will Soon Be 27% Easier to Find — Miners Brace for the Largest Difficulty Drop in BTC's Lifetime – Mining Bitcoin News
Bitcoin, the leading crypto asset in terms of market capitalization, has seen the cryptocurrency’s network hashrate drop considerably during the last two weeks. On Saturday, July 3, the network’s mining difficulty will see the largest epoch drop in history as the difficulty is set to slide by more than 27%. Bitcoin Difficulty Expected to Drop… Continue reading Bitcoin Blocks Will Soon Be 27% Easier to Find — Miners Brace for the Largest Difficulty Drop in BTC's Lifetime – Mining Bitcoin News
Tron Game Center Migrates to Enjin’s Eco-Friendly JumpNet Blockchain, Rebrands to Pandemic Multiverse
Blockchain games network Tron Game Center has rebranded to Pandemic Multiverse and has migrated from the Tron blockchain to Enjin’s gas-free, eco-friendly blockchain JumpNet. Pandemic Multiverse Live on JumpNet Pandemic Multiverse’s decision to move to Enjin was primarily driven by caused due to its development of the ERC-1155 token standard and user-centric tech stack that… Continue reading Tron Game Center Migrates to Enjin’s Eco-Friendly JumpNet Blockchain, Rebrands to Pandemic Multiverse
Blockchain Domain Name Provider Unstoppable Domains Integrates Crypto Wallet Blockchain.com
Blockchain domain name provider Unstoppable Domains has announced native support for crypto wallet provider Blockchain.com. Based in San Francisco, Unstoppable Domains is using blockchain technology to build domains. The firm creates its own domain extensions (like .com or .info) and sells domains directly to consumers. The company is backed by Draper Associates and Boost VC… Continue reading Blockchain Domain Name Provider Unstoppable Domains Integrates Crypto Wallet Blockchain.com
Coinbase Unveils Proprietary Smart Contracts Vulnerability Checker
Coinbase cryptocurrency exchange and bitcoin (BTC) trading venue has announced the launch of its smart contracts vulnerability checking software called Solidify. The firm says Solidify is designed to automate, streamline, standardize and scale its smart contract security checks for Ethereum and other blockchain-based cryptoassets, according to a blog post on June 23, 2021. Coinbase Launches… Continue reading Coinbase Unveils Proprietary Smart Contracts Vulnerability Checker
After Years of ASIC Manufacturing Canaan Expands to Bitcoin Mining in Kazakhstan – Mining Bitcoin News
Canaan Inc., the crypto mining rig manufacturer based in Beijing, has announced the company plans to mine cryptocurrencies in Kazakhstan. The company says that the firm’s next-generation Avalonminer mining rigs are already deployed in the world’s largest landlocked country. Canaan Joins the Bitcoin Mining Fray The publicly-listed company Canaan (Nasdaq: CAN) has revealed the firm… Continue reading After Years of ASIC Manufacturing Canaan Expands to Bitcoin Mining in Kazakhstan – Mining Bitcoin News
Concordium Becomes First Overseas Blockchain Firm to Join Japan Blockchain Association
Swiss-based blockchain protocol Concordium AG has announced its inclusion as a full member of the Japan Blockchain Association (JBA). This development is a significant milestone as Concordium becomes the first overseas blockchain platform to join the prestigious association. Concordium AG joins JBA Concordium revealed this development in a press release on June 23 that detailed… Continue reading Concordium Becomes First Overseas Blockchain Firm to Join Japan Blockchain Association
Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting – Bitcoin News
The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s hashrate is now hovering just above 100 exahash per second… Continue reading Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting – Bitcoin News
BSC to Host the Launch of the First-Ever Licensed, Multi-Chain Compatible, Blockchain-Based Poker Platform
The integration of blockchain technology into gaming has helped the industry to scale new heights. According to researchers, the impact of blockchain on the video gaming industry is multi-dimensional and diverse. A survey done among video game industry executives showed that blockchain helped the industry by bringing in more security, establishing trust, reducing costs, managing… Continue reading BSC to Host the Launch of the First-Ever Licensed, Multi-Chain Compatible, Blockchain-Based Poker Platform
Metis Launches Network Testnet and Ecosystem Development Program
Ethereum-based layer 2 protocol Metis DAO has launched its first network testnet, paving the way for new developments within its ecosystem. The blockchain platform also revealed its new ecosystem development program, designed to help companies build products by leveraging blockchain technology. Metis Launches Beta Network Testnet The Beta testnet launch continues the development from the… Continue reading Metis Launches Network Testnet and Ecosystem Development Program
Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight – Mining Bitcoin News
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June.… Continue reading Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight – Mining Bitcoin News
China's Qinghai Province Instructs Bitcoin Mining Operations to Shut Down – Mining Bitcoin News
Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology Department’s document explains bitcoin mining operations cannot operate in the area. Qinghai Province… Continue reading China's Qinghai Province Instructs Bitcoin Mining Operations to Shut Down – Mining Bitcoin News
Identity-centric Platform Concordium Set for Mainnet and MVP Launch on June 9
Zug, Switzerland: Blockchain company Concordium will for the first time offer the world access to a safe, transparent, and regulatable blockchain and cryptocurrency, marking the end of an era of anonymity and distrust that has undermined the development of the industry. After three years of development, the Concordium Blockchain and its Cryptocurrency, the GTU, will… Continue reading Identity-centric Platform Concordium Set for Mainnet and MVP Launch on June 9
Permission.io Teams With Regula Forensics To Bring KYC To Ad Targeting
Permission-based platform Permission.io has integrated with the Regula Document Reader SDK to cover the full know-your-customer (KYC) process. Permission.io, a platform for businesses and consumers to conduct commerce on a permission basis, has created the cryptocurrency (ASK) to drive a transparent, trustworthy economy, one in which consumer engagement is achieved by asking permission, rather than… Continue reading Permission.io Teams With Regula Forensics To Bring KYC To Ad Targeting
Nueva Pescanova Leverages IBM Food Trust for Supply Chain Traceability
Spanish seafood company Nueva Pescanova has partnered with IBM to utilize the latter’s blockchain-based solution, Food Trust platform, to trace seafood products across the supply chain. Tracking Seafood Supply Chain with Blockchain Technology IBM announced the collaboration in a press release on Tuesday (June 8, 2021). Accoding to the announcement, Nueva Pescanova already started using… Continue reading Nueva Pescanova Leverages IBM Food Trust for Supply Chain Traceability
Norton Crypto Mining: Antivirus Software to Mine Cryptocurrency – Mining Bitcoin News
Norton has added a cryptocurrency mining feature to its antivirus software. Users will be able to mine ethereum while their computers are idle. Miners can track and transfer their crypto earnings into their Norton Crypto Wallet. Antivirus Software Can Mine Crypto Nortonlifelock (NASDAQ: NLOK), a global cybersecurity company, announced Wednesday the launch of Norton Crypto,… Continue reading Norton Crypto Mining: Antivirus Software to Mine Cryptocurrency – Mining Bitcoin News
Building Inclusive Economies With a Blended Finance Approach
The current approach to business and investment doesn’t work for everyone. The pace of growth is often unsustainable, unstable and focused on short-term projects rather than long-term investments. Many are also left behind — like refugees and people in developing countries. The shortcomings of traditional financial approaches have led to new investment strategies — like… Continue reading Building Inclusive Economies With a Blended Finance Approach
Home Crypto Mining Spikes in Brazil Amid Record High Unemployment – Mining Bitcoin News
With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn… Continue reading Home Crypto Mining Spikes in Brazil Amid Record High Unemployment – Mining Bitcoin News
Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices – Mining Bitcoin News
Law enforcement authorities in Kyrgyzstan have confiscated thousands of crypto mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators have also identified industrial enterprises that have been supplying the bitcoin farms with electricity. Security Service Conducts Operation Against Illegal Mining in Kyrgyzstan The State Committee for National Security… Continue reading Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices – Mining Bitcoin News
Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1 – Mining Bitcoin News
Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker Reports Record High Video Card Sales Supported by Crypto Miners… Continue reading Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1 – Mining Bitcoin News