Day: January 5, 2022

Kosovo Halts Cryptocurrency Mining Amid Energy Crisis – Mining Bitcoin News

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The government of Kosovo has decided to suspend crypto mining activities in the country as part of measures to deal with power shortages this winter. The move has been proposed by a special parliamentary committee tasked with bridging the gap between electricity demand and supply. Kosovo Authorities Ban Crypto Mining to Save Needed Energy The executive power in Pristina has moved to stop the energy-intensive minting of digital coins in Kosovo, a partially recognized republic in Southeast Europe. The country is facing electricity shortages during the cold winter months, local…

The State of Ethereum’s Fee Market

While looking back on August’s London hard fork, it is easy to focus on the millions of ether burnt via transaction fees. While important, just looking at the burn mechanism would be shortsighted and overly focused on “number go up.” This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. So what was the motivation for EIP 1559 and, after four months, what real impacts have we seen? Below are four of the core…

EU regulator calls for public input on DLT for trading and settlement

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The European Securities and Markets Authority (ESMA) is seeking stakeholder input on the use of distributed ledger technology for securities trading and settlements.  The European Union’s securities regulator recently published a “call for evidence” to invite stakeholders to share their feedback on the regulations for regulatory technical standards (RTS) on reporting and transparency on the DLT pilot expected to be implemented next year.  Some of the main functions of ESMA include strengthening the protection for EU investors, enhancing financial markets, and fostering cooperation between members.  With the call for evidence,…

German Miner Northern Data Shares Jump Following Operational Update

Northern Data shares climbed Wednesday after the provider of crypto mining infrastructure said it mined 666 bitcoins and more than 26,000 ether since August. The Frankfurt-listed firm which provides computing services to miners, enjoyed a lift of nearly 8.4% on Wednesday morning to €77.80 ($88) before retreating. This followed the firm’s operational update for 2021 in which it announced it had generated 26,554 ether in August-December 2021 and 666 bitcoins between September and the end of the year. In December alone it produced 227 bitcoins and 5,740 ether. Northern Data…

Golf startup putts $10.5 million in NFT sales

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No sector of the economy or indeed life is safe from nonfungible tokens (NFTs) or tokenization. Golf is the latest sport to succumb to the lure of NFTs and a round of decentralization thanks to the efforts of LinksDAO.  In a sold-out NFT drop, LinksDAO raised $10.5 million to fund its golfing aspirations. More than 9,000 “leisure membership” and “global membership” NFTs were purchased on the OpenSea platform, exchanged for Ether (ETH). It would seem that while 2021 was a thriving year of decentralized autonomous organization (DAO) activity, with some…

Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs

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Bitcoin (BTC) failed to close 2021 above the long-expected $100,000 level, but experts believe the psychological horizon is still achievable by taking gold’s market share, albeit over a more extended period. In a note released to investors on Tuesday, Goldman Sachs co-head of global FX and EM strategy Zach Pandl hypothesized that if the largest cryptocurrency could overtake 50% of the store of value market share over the next five years, BTC price would increase to just over $100,000, marking a compound annualized return of 18%. While the current market…

Chainlink Jumps While Bitcoin Stages Recovery

Oracles are blockchain-based services that fetch data from outside a blockchain to within it. Blockchains, by design, are immutable stores of data, but can’t verify if the entered data is false or rogue. This is where oracle networks like Chainlink help – they refer multiple sources of information to provide reliable data to blockchain-based services and products for users. Source

Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts

Since early December, the number of open positions on Binance, the world’s largest cryptocurrency exchange by volumes and open interest, has increased from 190,000 BTC to 258,000 BTC. Meanwhile, funding rates have been consistently neutral to negative, meaning investors have been predominantly holding shorts despite bitcoin’s downside momentum running out of steam and the cryptocurrency consolidating in the range of $45,400-$52,100. CryptoX Portal