MINING

The process that results in the release of certain amounts of a particular digital currency into its circulating supply. Mining is often the process that governs the verification of transactions and the addition of blocks to a blockchain.


Bitmain's Board Makes Decision Ousting Co-Founder Ketuan Zhan
Bitmain has changed its company structure in the registration filing with government agencies. Leading to Wu becoming executive director and legal representative of the company.

World Economic Forum Partners with Mining Companies to Design Blockchain Solutions
According to a Medium post released on Oct. 25, seven major mining and metals companies have decided to partner with World Economic Forum (WEF) to experiment, design, deploy blockchain solutions and sustainably maximize blockchain sourcing of raw materials.

What are the 3 Challenges and Predictions for Bitcoin Mining?
Various blockchain and financial professionals joined our event “Can Bitcoin Sustain Its Positive Price Run? How does it affect miners?” on 23 May 2019 held in Genesis Block, Hong Kong. This event looked at the current investment landscape and regulatory challenges on Bitcoin mining and a hot topic for all BTC holders: What is the price of Bitcoin going forward?

Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines
The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines.

Belt and Road Summit 2019—Iranian Investment, Malaysian FinTech and the Kazakh Belt Buckle
Rounding off our exclusive interviews for the 2019 Belt and Road Summit, jointly organized by the HKTDC and the HKSAR Government, we share insights from delegates from Iran, Malaysia, and Kazakhstan

Spring for Crypto Mining? Bitfury Launched Institutional Mining Fund!
The Bitfury Group had partnered up with the Swiss based investment firm – Final Frontier to launch a bitcoin mining fund for institutional investors, according to its Twitter feed on 24 April. Bitfury gained regulatory approval from the Liechtenstein’s financial regulator. Both companies said the fund will invest assets in turnkey that have mining sites with one of the lowest electricity costs in the world that feature Bitfury’s mining sites.

Chinese Proposed Mining Ban: Death of Bitcoin Mining?
Chinese Proposed Mining Ban: The Death of Bitcoin Mining?

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining
The Iran Chamber of Commerce, Industries, Mines and Agriculture recently published a statement that the Iranian Economic Commission has approved a mechanism for digital coin mining.

Google’s Quantum Technology Could Satiate Proof-of-Stake Detractors
Google’s newly achieved ‘Quantum Supremacy’ computing technology has been marked for some surprising applications in the cryptocurrency space. According to one researcher on the project, the technology could enhance the proof-of-stake (PoS) algorithm.

Can Bitcoin Sustain its Positive Price Run?
After a bear market in 2018, Bitcoin (BTC) price started to bounce back since late March and it once breaks USD 8000 recently. The question now becomes: Can BTC sustain its positive price run? Is the bear market in crypto already ended?

IBM and Nornickel Set Up Blockchain learning Center
The global tech giant IBM has a partnership with Russian metal producers yesterday introduced education program for Block Chain.

North Korea Is Making Its Own Version of Bitcoin
The hermit state is reportedly in the early stages of creating its own cryptocurrency, Vice News reports.

117 Smuggled Crypto Mining Machines Seized by Iranian Police
The Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31.

North Korea Is Developing Own Crypto to Circumvent US Sanctions
North Korea has always been suspected for either indirectly or directly funding weapons or involved in some powerful projects of mass destruction using virtual currencies. The nation, recently, was accused of stealing cryptocurrencies worth $2 billion to facilitate the development of deadly weapons.

Exclusive: Talent Shortage is The Key Pain Point in AI Industry
Artificial intelligence is one of the emerging fintech trends in Hong Kong. While there are some great minds and AI companies in Hong Kong, they can’t survive without sufficient funding and technical support from government and industry leaders. We had the opportunity to invite Timothy Leung, Executive Director of HKAI Lab, to share his thoughts on how HKAI Lab facilitates the growth of AI ecosystem in Hong Kong. He also identified talent shortage is the key pain point in AI industry which hinders integration of AI and blockchain.

Why Cryptocurrency Is Not A Viable Global Reserve Currency to Replace the US Dollar
With the recent rise of cryptocurrency, there have been talks about the digital currency poised to become a global reserve currency, thus replacing the U.S dollar. Based on the virtual currency’s potential, it can become the next global hedge currency. But let us look at the facts in the financial market, especially from the dimensions of regulations, digital currency, and fiat currency. This move would help us understand whether the claims hold water.

"The Bitcoin Mining Network – Trends, Marginal Creation Cost, Electricity Consumption and Sources"
“The Bitcoin Mining Network – Trends, Marginal Creation Cost, Electricity Consumption and Sources” investigates the marginal cost of creation of bitcoin; the composition, efficiency, electricity consumption and electricity sources of the Bitcoin mining network.

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain
Chinese Police has just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.

The Government is Taking Action on Bitfinex, Who's Next?
Bitfinex is being accused of misappropriating $850 million worth of clients’ assets collected through USDT. Unlike banks, which would typically cooperate with the government after being charged, the company fought back. Moreover, it released the most definite statement possible and described the US government was acting like the mafia. It even threatened the crypto community that if it were taken down by the government, the price of Bitcoin would go up to $1,000.

Setting Up a Crypto Exchange can Attract Unwanted Police Attention
When Pete Wood set up a bitcoin brokerage in his native London he did not expect to become a police target - more than once. Happily now, the police contact him for advice these days and not to arrest him.