Venezuela seized 315 Bitcoin mining rigs: Miners discussed illegal confiscation, blackmailing police

Venezuela seized 315 Bitcoin mining rigs: Miners discussed illegal confiscation, blackmailing police

The Venezuelan military has confiscated the 315 Bitmain Antminer S9 bitcoin mining rigs that they claimed were not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, mining companies say they have been treated unfairly, on the grounds of illegal arrest of police mining and mining equipment. Venezuela captures Bitcoin mining equipment The Venezuelan National Guard (GNB) announced on Twitter Monday that it has seized 315 Antminer S9 bitcoin mining rigs in the southern region of the country. The GNB is one of the largest divisions of the National Bolivar Armed Forces.

Enhanced bitcoin mining: high difficulty adjustment, team consolidation, less centralized in China

Enhanced bitcoin mining: high difficulty adjustment, team consolidation, less centralized in China

It has been nearly 37 days since the infamous Bitcoin halving took place on Monday, May 11, 2020. On June 16, the Bitcoin network encountered a major adjustment difficulty that caused mining. bitcoin is getting tougher and slows down the pace of release because the generation block has slowed down further.In addition, a recent research report predicts that the ASA SHA256 mining industry will grow more consolidated in the future.

Wisdomtree ETF file with 5% exposure to Bitcoin in the context of SEC resistance

Wisdomtree ETF file with 5% exposure to Bitcoin in the context of SEC resistance

Wisdomtree has applied for a commodity fund with 5% exposure to bitcoin, in a new effort to bring an exchange-backed exchange-traded fund (ETF) to the market. According to a filing filed with the U.S. Securities and Exchange Commission (SEC), the fund is targeting investments primarily in energy, industrial metals, precious metals and agricultural goods primarily through copper futures. If approved, the Wisdomtree Enhancing Commodity Strategy Fund will also include up to 5% of net assets in cash-backed Bitcoin futures (BTC) contracts traded on the Chicago Monetary Exchange (CME). , the world's third largest BTC futures market.

This Bitcoin document from Africa is live streaming on Amazon Prime

This Bitcoin document from Africa is live streaming on Amazon Prime

Demand for bitcoin is still rising sharply across Africa, despite the broader economic crisis, according to peer-to-peer exchange data from Paxful and LocalBitcoin. However, there is no single African cryptocurrency narrative because users in jurisdictions across the continent use this technology for different cases. Starting Friday, Amazon Prime will provide a documentary film about banking services in Africa: The Bitcoin Revolution, implemented by South African filmmaker Tamarin Gerriety with funding from the cryptocurrency exchange. Prince Luno. It has serious industry rivals including SatoshiCentre founder Alakanani Itireleng in Botswana and South African monero developer Riccardo Spagni. The film shows just how different their lives are, from a Botswanian goat farm to a rooftop terrace and a drone in Spagni.

A man's mission to deploy solar powered Bitcoin nodes across Africa

A man's mission to deploy solar powered Bitcoin nodes across Africa

Look below for a map of public nodes on the Bitcoin Lighting Network. Europe and the United States filled them. The rest of the world is an empty ocean with a few scattered islands. Africa seems to have a total of eight nodes. From this map, entrepreneur and IT expert Chimezie Chuta deduced that he was the only person in Nigeria known to be operating a Lightning button. An important warning is that many users may be running buttons without letting them out to the world. But, all told, Lightning's activity seems sparse on the second largest continent and the second most populous planet.

Difficult to mine Bitcoin makes the biggest jump in 29 months

Difficult to mine Bitcoin makes the biggest jump in 29 months

Bitcoin has posted the largest difficulty increase in nearly 2.5 years. At around 17:00 UTC on Tuesday, the network adjusted its difficulty level - a measure of the difficulty of miners to compete block rewards on the blockchain - to VND 15.78 trillion. The increase of 14.95% is the biggest difficult jump since January 2018, seeing a bigger spike on the back of the 2017 crypto market price hike, data compiled by BTC.com shows. As a result, mining companies that contribute hash power to the network are currently facing the fourth difficult two-week mining phase in Bitcoin history.

Thailand raises $ 6.4M with blockchain-based bond sales

Thailand raises $ 6.4M with blockchain-based bond sales

The Ministry of Finance's public debt management office (PDMO) has announced it plans to sell 200 million baht ($ 6.42 million) of savings bonds using blockchain-based electronic wallets. In a statement released on its website on Tuesday, the ministry said the bonds had an extremely low face value of 1 baht ($ 0.032) each and would be sold through the state-owned Krung Thai Bank Bank blockchain wallet.

Polychain capital, square cryptocurrency Steve Lee Invest in Bitcoin broker from $ 5.7 million

Polychain capital, square cryptocurrency Steve Lee Invest in Bitcoin broker from $ 5.7 million

A series of investors are backing bitcoin brokerage firm River Financial for $ 5.7 million. According to the company's announcement, the San Francisco-based startup closed the seed round joined by Polychain Capital, Slow Ventures, Castle Island Ventures, DG Lab Fund, Cygni, Pfeffer Capital and IDEO CoLab Ventures. A number of individual investors also participated, a River spokesperson, including Steve Lee of Square Crypto. Launched in 2019, River's first funding round, adds its name to a growing, distinct group of crypto asset managers by focusing entirely on the first and largest cryptocurrency. by market capitalization.

The Singapore trip sharing application allows customers to pay in Bitcoin

The Singapore trip sharing application allows customers to pay in Bitcoin

Ryde, Singapore's first carpooling application, will now allow customers to pay for trips in bitcoin. Starting next week, its users will be able to store and convert bitcoins to L R RNGCoinin company with zero transaction costs, the company announced on Wednesday. Customers can deposit up to S $ 999 (just over US $ 700) at a time to pay for trips and Ryde claims it will be the first and only cryptocurrency wallet in the world. allows users to pay for trips in bitcoin within the e-wallet itself.

JD.com subsidiary implements security technology from Blockchain ARPA company

JD.com subsidiary implements security technology from Blockchain ARPA company

China's second largest online retailer, JD.com, is partnering with blockchain security platform ARPA to protect the financial data of large customers. Specifically, the data platform for subsidiary JD Digits (formerly JD Finance) will integrate with ARPA blockchain-based network, using technology called secure multi-party computation (sMPC). JD Digits was founded to help other companies modernize with advanced technologies like AI and blockchain. According to the partnership, sMPC technology will be used on an online scale to provide a range of security features for financial companies working with JD Digits, ARPA said in a statement on Monday. .