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Chinese mining pools’ hash power plummets amid regional blackouts Blackouts for safety inspections in China’s Xinjiang region have significantly impacted the hash rate of many top Chinese Bitcoin mining pools. 16235 Total views News The hashing power of top Bitcoin mining pools located in Northwest China appears to have plummeted due to a regional blackout to enable safety inspections. The news was reported by Wu Blockchain, the author of Chinese crypto newsletter Wublock, who noted significant drops in the hash rate of several major pools — with Antpool crashing 24.5%...

Search Binance to Offer $60,000 in Prizes to Virtual Hackathon Participants for Creating Open-Source Software on Binance Smart Chain Leading digital asset exchange The Future Is Now. According to Binance, this event will be a 3-week long virtual hackathon that will be hosted by Binance X and Gitcoin, which serves a place for blockchain developers to learn, earn, and network. As noted in the announcement from Binance: “We welcome developers, builders, and creators to build the next generation of projects for Binance Smart Chain (BSC). The hackathon will feature $60,000 in cash prizes, an a...

Bitcoin Price Leaps Over $38,600- Analyst Says BTC's Parabolic Move 'Highly Abnormal' Digital currency markets continue to see strong gains, as the overall market valuation of the crypto economy has jumped $32 billion over the $1 trillion market cap after hitting the record number for the first time. Moreover, the price of bitcoin touched yet another all-time high on Thursday morning (EST) reaching $38,610 per coin. Bitcoin, the leading digital asset in terms of market valuation, is hovering above the $38k handle after smashing through its ATH the day prior. Bitcoin (BTC) j...

China's Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners 'Heavily Affected' Regional reports from China detail that bitcoin miners located in certain areas in South China are running short on electricity. The country has been having massive issues with coal prices soaring across the mainland, as the Chinese government hasn’t been allowing coal carriers into ports. Because of the sweeping electrical shortages, mining activities have been threatened by emergency power rationing measures. **A team member from the Cambridge Centre for Alternative Finance (CCAF) ex...

Will Bitcoin Continue to Rise? Crypto Experts Finixio Make Their Predictions Major Crypto Media Company Makes Market Forecast. December 12, 2020 20:05 ET | Source: Finixio Finixio London, UK, London, UK, Dec. 12, 2020 (GLOBE NEWSWIRE) -- On Monday, November 30th the financial world held their collective breath as Bitcoin reached its highest value yet, topping its December 2017 all time high. The skeptics had been proven wrong. Finixio has been keeping a close eye on this story for years. The media company publishes a wide variety of ...