Chinese crypto mining rig maker Canaan entered into strategic collaborations with multiple mining firms in Kazakhstan as it looks to further expand its presence in the central Asian country.As of Dec. 31, Canaan had 10,300 AvalonMiners in operation in Kazakhstan, the firm announced on Tuesday.Canaan is now collaborating with local firms to form a joint-mining business in … [Read more...] about ASIC Maker Canaan Signs Multiple Deals for Expansion in Kazakhstan
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Polkadot envisions Web3 disruption with multiple parachain launches
Open-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain) aimed at improving the interoperability between multiple blockchains. According to the announcement, the Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions, namely, Acala, Moonbeam, Parallel Finance, … [Read more...] about Polkadot envisions Web3 disruption with multiple parachain launches
Miami’s Multiple Money Visions
The excellent collection of essays compiled for CoinDesk’s Future of Money Week began with a perfect summation of where money is going by podcaster Laura Shin: “It’s going to get a lot weirder.”Having just spent a few days in the madhouse of the non-fungible token (NFT) scene at a series of events on the sidelines of Art Basel in Miami, that prediction seems spot on.You’re … [Read more...] about Miami’s Multiple Money Visions
Multiple Mining Pools Are Facing Connectivity Issues
A large part of the pools’ operations are located in China, which has vowed to eliminate crypto mining. While their hashrate does not come only from China, and they have said they plan to exit the country by year-end, the publication of material in Mandarin could be interpreted as courting its population. Source link … [Read more...] about Multiple Mining Pools Are Facing Connectivity Issues
Bitcoin toys with $60K as crucial price support level sees multiple retests
Bitcoin (BTC) bounced at the pivotal $58,400 during Nov. 17 as the day continued choppy price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: This isn’t the “real” bear marketData from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly reversing after its fourth wick below $59,000 in 24 hours.The $58,400 level had been pronounced as a … [Read more...] about Bitcoin toys with $60K as crucial price support level sees multiple retests