Sweden calls the EU to ban crypto mining over environmental and criminal risks

    Swedish financial and environmental authorities have called for a wide ban on cryptocurrency mining in European Union (EU), saying that the environmental risks are significant and that crypto-assets are commonly used for criminal purposes, such as money laundering, terrorist financing, and ransomware payments. They also cited India’s and the US’s preparations to fix the unregulated…

    El Salvador plans to build a ‘Bitcoin City’ and mine crypto using volcano energy

    El Salvador announced Saturday plans to create a “Bitcoin City” near a volcano funded by the cryptocurrency, the President said. Also, the country plans to partner with Blockstream, a digital assets infrastructure company, to raise about $1 billion via a “Bitcoin Bond.” The Central American nation plans to build a “Bitcoin City” near the Conchagua…

    UAE’s Phoenix Tech orders crypto mining rigs for $650 million, the largest deal on record

    Phoenix Technology Consultants LLC, a tech firm based in the UAE, has ordered crypto mining rigs for $650 million. This one of the largest purchases on record was revealed on Tuesday by Phoenix Tech CEO Munaf Ali at the World Digital Mining Summit (WDMS) in Dubai. The brand new generation machines delivery will start in…

    NBER study: Bitcoin’s still concentrated in a few hands

    According to a study by the National Bureau of Economic Research (NBER), the top 10,000 individual investors in Bitcoin control about one-third of the cryptocurrency in circulation. Despite the growing popularity of Bitcoin, its ownership is still concentrated in just a few hands, the Time reported. Usually, it is difficult to determine the concentration of…

    Khabib Nurmagomedov became the ambassador of GMT Token

    The MMA star, Khabib Nurmagomedov, has announced that he will serve as the global ambassador for GMT Token. A token of GMT equates to a computing power unit and is backed by real mining assets that bring in daily BTC earnings to its owner. Nurmagomedov, dubbed as ‘The Eagle,’ made the announcement at the Future…

    Miner stock returns topped Bitcoin price growth

    Holding North American Bitcoin miner equity is an opportunity for those looking for indirect Bitcoin exposure in the public markets, said the Deep Dive, Bitcoin Magazine’s premium markets newsletter. Because of average year-to-date returns for the top-four North American Bitcoin miners are up to 140% versus Bitcoin price returns of 49%. Of the top-four publicly…