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Sanctions threaten to cripple Russia’s multibillion-dollar crypto industry

  • Post author:powerbridgemining
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KEY POINTS U.S. officials are concerned Russia will “monetize its natural resources” for power-intensive crypto mining to evade sanctions.The Treasury Department’s Office of Foreign Assets Control targeted Russian bitcoin miner…

Continue ReadingSanctions threaten to cripple Russia’s multibillion-dollar crypto industry

Ethereum won’t ditch GPU cryptocurrency mining until much later in the year

  • Post author:powerbridgemining
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Ethereum's move to a 100% proof-of-stake model has been delayed, buying crypto mining operations more time until the transition. On Tuesday, ethereum core developer, Tim Beiko, confirmed on Twitter that the much-anticipated…

Continue ReadingEthereum won’t ditch GPU cryptocurrency mining until much later in the year

Ethereum Records 3X more Profit Taking Transactions Than Those in Loss In Single Day

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Ethereum Records 3X more Profit Taking Transactions than those in Loss. Following Ethereum (ETH)’s 9% jump in the last few days, profit-taking transactions have surpassed the number of transactions in…

Continue ReadingEthereum Records 3X more Profit Taking Transactions Than Those in Loss In Single Day
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