Bitcoin News

Why China is still a bitcoin mining power

[ad_1] Advertisment Actually, mining in China has been illegal for a year. But the Middle Kingdom still accounts for a large part of the global Bitcoin hashrate. Why is that? The mining ban in China almost a year ago marked a turning point for the crypto space. Suddenly, the mining of cryptocurrencies such as Bitcoin or Ethereum was illegal and mining operations were, so to speak, outlawed. The restrictive course

Ethereum’s Transition to Proof of Stake is Set For August

[ad_1] Image: Ethereum could finalize its transition to proof of stake, aka 'the merge', as soon as August this year if everything goes according to plan. At the recently held Permissionless conference, the cryptocurrency's core developer Preston Van Loon told the audience there was plenty of momentum behind solidifying the move within the next three months.  "As far as we know, if everything goes to plan, August—it just makes