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KAZAKHSTAN HAS BECOME ONE OF THREE BITCOIN MINING LEADERS

And the share of China's mining fell by almost 50%. This is due to the transition of the majority of earners to another state, anticipating the coming onslaught on the industry. Now about 46% of bitcoins in the world ranking are mined in China, although two years ago it was the leader - it mined over 75%. It was stated by the CNBC, which referred to a study conducted by the University of Cambridge. Neighboring Kazakhstan was able to improve its ...

SICHUAN MINERS ARE BANNED FROM MINING CRYPTOCURRENCY

Mining companies were actively working in the Chinese province of Sichuan - it was possible thanks to cheap electricity and the ... ... restrictions from the authorities. However, now it has been decided to stop their activities. Sichuan was one of the key centers for cryptocurrency mining - 26 companies officially operated in the region. But now the local energy bureau, along with the authorities,...

IMF urges El Salvador to abandon bitcoin

... standard of living of the local population. El Salvador became the only country in the world that provided the official status for cryptocurrency. The country purchased about 1,800 bitcoins at a rate of $50,000. After that, the rate rose to 68 thousand dollars, but now it has fallen to 36.5 thousand dollars. According to the publication, El Salvador could have lost about $ 20 million. In addition, the country is actively mining bitcoins on the volcano - using environmentally friendly cheap energy from a renewable source. It is assumed that this ...

Valeriy Romanyuk: ‘Crypto-yuan can become the world's digital currency’.

... schemes, when we pay in rubles and exchange operations take place in jurisdictions where it is allowed. Do you think El Salvador's Bitcoin decision is promising? Considering the fact that immediately after the purchase by the country, the cryptocurrency rate has dropped. V.R . : Well, the rate has dropped not because of this. The solution is promising in the context ... ... implemented correctly,in particular, in the question of how to pay the taxes, then the state would receive additional benefits from mining. But now we have to prove it, to convince. In general, I believe that this is correct, because this is precisely the monetization ...

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