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Assessing the distribution of Bitcoin mining pools

Assessing the distribution of Bitcoin mining pools

Quick Take

  • The Block Research updates our 2019 piece on Bitcoin hash rate distribution
  • Hash rate is still geographically centered in China but that will likely change given recent regulatory actions taken on by Chinese regulations
  • Foundry, an American-based mining pool, has slowly started to grab market share

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Elon Musk may debate Jack Dorsey at an upcoming Bitcoin event

Recent tweets suggest Tesla CEO Elon Musk has agreed to an on-stage discussion with Twitter CEO Jack Dorsey at an upcoming bitcoin event.

The post Elon Musk may debate Jack Dorsey at an upcoming Bitcoin event appeared first on The Block.

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El Salvador is handing out up to $117 million in Bitcoin to its citizens

El Salvador’s President Nayib Bukele announced the airdrop last night and detailed when the bitcoin law will come into effect.

The post El Salvador is handing out up to $117 million in Bitcoin to its citizens appeared first on The Block.

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Poolin halts payout for BTC, ETH hash rate tokens after China’s crackdown

The mining pool said as it is relocating the bitcoin miners, the suspension period will be less than 60 days.

The post Poolin halts payout for BTC, ETH hash rate tokens after China’s crackdown appeared first on The Block.

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How a Canadian bitcoin ETF is going ‘carbon neutral’

Quick Take

  • Last month, Ninepoint Partners announced that it would “fully offset” its Canada-based bitcoin ETF.
  • Here’s what that means in practice.

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Crypto seller in New Orleans charged with running an unlicensed money transmitting business

The U.S. Department of Justice said Thursday that it has charged a New Orleans-based cryptocurrency seller with running an unlicensed money transmitting business.

The post Crypto seller in New Orleans charged with running an unlicensed money transmitting business appeared first on The Block.

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Gemini pledges to offset 350,000 tons of bitcoin-related carbon emissions

In the future, Gemini will calculate what portions of the Bitcoin network it owns, the carbon emissions associated with it, then offset that amount.

The post Gemini pledges to offset 350,000 tons of bitcoin-related carbon emissions appeared first on The Block.

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Met Police seizes more than $150 million in cryptocurrency during criminal investigation

The UK’s Metropolitan Police said Thursday that it seized £114 million in cryptocurrency — an amount worth about $158 million — as part of an ongoing criminal investigation.

The post Met Police seizes more than $150 million in cryptocurrency during criminal investigation appeared first on The Block.

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Rarible aims to take NFTs mainstream with new funding, Layer 2 adoption

Rarible has raised a new round of funding as part of a broader bid to take non-fungible tokens to the mainstream.

The post Rarible aims to take NFTs mainstream with new funding, Layer 2 adoption appeared first on The Block.

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Citigroup launches a digital asset unit within its wealth management division

Wall Street giant Citigroup has officially launched a new business unit dedicated to the crypto and blockchain space, according to a memo obtained by The Block. 

The post Citigroup launches a digital asset unit within its wealth management division appeared first on The Block.

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