For the last 40 years, North American industries have flocked to China—now a multi-billion-dollar industry is moving from China to North America. It’s cryptocurrency “mining”—a $US 6 billion industry. Why are the miners leaving China? In a move last October, the Chinese government banned ALL forms of cryptocurrency, including China. Just last week, the Chinese government update their… Read More »
Last week I talked with a Canadian bitcoin mining executive who confided that he had been approached by Chinese miners looking to move their operation to Canada and were interested in a joint venture. That same day, Reuters broke the story that Bitmain (largest Bitcoin miner in the world) is looking to expand into Canada. You should click… Read More »
Bear with me here folks, I’m going to have some fun with you—but also make you think. Everyone knows what it means to mine gold and silver. In the cryptocurrency world, we call “mining” the process by which Bitcoin servers (miners) are awarded new ‘bitcoins’—just solving by solving a mathematical puzzle. By the way, the description above is… Read More »
Above all, remember Bitcoin mining is not magic. If you want to invest in Bitcoin or any other cryptocurrency, and you don’t understand how Bitcoin mining works – it’s all voodoo and black magic – you have a serious handicap in understanding the whole industry and you will make poor investments decisions. So please, really, really invest some… Read More »
On the first day of September, the US Securities and Exchange Commission (SEC) will decide whether to approve a Bitcoin spot ETF in the United States. This is a calendar mapping all the Bitcoin spot ETF applications to their respective deadlines. As you can see, it’s a bit complicated. Technically, the SEC is only reviewing the Bitwise Bitcoin… Read More »
Let’s start with Bitcoin. Year-to-date, it’s up 65%, although flat for the last two months However, activity on the network has boomed this month, with block fees averaging as high as $176K per block (on average a block is generated every 10 minutes). Transaction fees are going up because of huge interest in BRC-20 tokens, Ordinals, and the… Read More »
