Tag Archives: Bitcoin

New York Cryptocurrency Miners Will Pay a Premium for Electricity

Mining cryptocurrencies like bitcoin in the state of New York will become more expensive as power providers are now cleared to charge higher electricity rates for crypto mining firms. In a ruling [PDF] on Thursday, the New York State Public Service Commission – the state’s public utility regulator – has allowed upstate municipal power authorities to charge higher power tariffs for companies in the crypto-mining business with high-density loads, from March. Continue reading New York Cryptocurrency Miners Will Pay a Premium for Electricity

Peter Thiel Touts Bitcoin as Digital Gold

The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal. Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York. But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size. Continue reading Peter Thiel Touts Bitcoin as Digital Gold

French Regulatory Agency Blacklists 15 Crypto Asset Websites

The French stock market regulator, The Autorite des Marches Financiers (AMF), announced in a press release that they have added 15 cryptocurrency and crypto-asset investment websites to a blacklist on March 15. The press release then lists 15 offending companies, who continued to advertise and market their services as investment opportunities to the French public, despite new regulations. The blacklist also contains businesses that unlawfully offered investments in commodities like rare earth metals, wine, and diamonds. Continue reading French Regulatory Agency Blacklists 15 Crypto Asset Websites

Tom Lee Reports Bitcoin Mining Now Less Profitable

A recent report by Fundstrat’s Tom Lee notes that Bitcoin (BTC) mining earnings are currently almost breaking even, as the activity has temporarily become less profitable the midst of the current decline in the markets, CNBC reported yesterday, March 15. Lee notes in the report that the current figure for the cost of mining one bitcoin is $8,038, while BTC is trading at around $8,221 by press time, down a quarter of a percent over a 24 hour period, according to data from CoinMarketCap. Continue reading Tom Lee Reports Bitcoin Mining Now Less Profitable

Lightning Labs Launches Beta With Twitter CEO Backing

A version of bitcoin’s much-anticipated Lightning Network is finally ready for real users. Announced today, California startup Lightning Labs has officially launched a beta version of its software (LND), making available what investors and project leads say is the first thoroughly tested version of the tech to date. This means that users can now leverage LND to send bitcoin and litecoin to other users, all without settling those transactions on the blockchain. Continue reading Lightning Labs Launches Beta With Twitter CEO Backing