Fast facts

BIT Mining’s Ohio data center will continue scaling for a planned capacity of up to 150 MW.

The site currently conducts self-mining operations while hosting third-party miners.

Hong Kong-headquartered BIT Mining is a New York Stock Exchange-listed crypto miner and was among those that moved operations out of China during a nationwide clampdown.

Additional mining machine deployments to BIT Mining’s Kazakhstan business are expected, where its Bitcoin computing power topped 146.8 petahashes per second on Tuesday.

The company booked a net loss of US$29.6 million in the third quarter of 2021, compared to a net loss of US$14.5 million for the second quarter and a net loss of US4.5 million for the third quarter of 2020, its latest quarterly report shows.

At 10:23 UTC, Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to go up 9% in approximately fifteen hours, per BTC.com, a mining pool, data. This would bring it to 26.58 T – higher than its previous all-time high of 25.05 T set in mid-May 2021.

Following this high, the difficulty saw a series of significant drops, which had led it to as low as 13.67 T. It has been recovering since, hovering around 24 T since November, and it seems like it will finally break through the previously set ceiling.

On January 20, the project on leasing part of the station territory was approved by the Public Services Regulatory Commission of Armenia.

On one of the sites of the territory of the thermal power plant, the free economic zone “Ecos” will operate, where the mining data center is going to be placed.

In February 2018, the Hrazdan CHPP and the ECOS-M company entered into an agreement on the provision of electricity for the construction of a mining center with a capacity of 50 MW in the Free Economic Zone.

The House Committee on Energy and Commerce is set to play host to mining execs Thursday afternoon. The hearing, “Cleaning up Cryptocurrency,” is the first time members of Congress have heard from miners.

Meanwhile, the mining hub of Kazakhstan is grappling with its worst unrest in three decades and ensuing internet outages — leading experts to wonder if the miners might move elsewhere.

“Miners have learned to take political risks seriously,” said Nic Carter, partner at crypto venture capital firm Castle Island Ventures. “I think the internet outage and the possible revolution that’s occurring there might spook miners a little bit, but really it was the energy authorities cracking down on miners.”

The ICICB Group made possible the Blockchain Innovation Summit 2021 in Dubai. This is a networking, entrepreneurship, and innovation event for a new world centered on blockchain technologies, smart contracts, and the metaverse. The ICICB offered an experience with the potential to unleash a transformative goal in time. The Group’s main objective for launching the blockchain is to reinvent the entire user engagement experience across all industry domains – from decentralized blockchain payments, the entertainment industry, investments, engineering, and the medical system.

The Group comes with cognitive blockchain solutions such as analyzing, comprehending, and investing in the huge potential of blockchain and metaverse applications. The latest investment by the Group intends to revolutionize the tech industry into a decentralized virtual-reality platform. In addition, the Group is moving forward with the creation of a metaverse platform that will attract public attention and substantially impact the affluent virtual-reality field.

There are now 398 active blockchain games, defined as having at least one active wallet in the past 24 hours within the game, according to the data tracker DappRadar. That’s a 92% increase from a year ago. The total number of blockchain games, including those that are inactive, has climbed by 71% over the past year to 1,179.

Modesta Massoit, finance director at DappRadar, said that the growth looked impressive given that “it takes time to build great games, and in traditional industries, it takes two to four years to build a great game.”

User statistics show the rapid pace of adoption of blockchain gaming. According to Massoit, the number of daily unique wallets interacting with game-related smart contracts surged to 1.3 million last year, a 46-fold increase over the 28,000 at the end of 2020.

In a blog post by the blockchain cybersecurity company, clients managing digital assets with GK8’s solution can now instantly integrate their operations with any existing or future layer-1 blockchains compatible with the Ethereum Virtual Machine (EVM) with no additional research and development needed.

GK8 noted that with another new feature added to the update, users can access any smart contracts and integrate any tokens based on ERC20 standard on any EVM-compatible chain without the need for developing contract- or token-specific patches.

Those set to testify are Ari Juels, professor at Cornell Tech; Soluna Computing CEO John Belizaire; Bitfury CEO Brian Brooks; Steve Wright, former CEO of Chelan County Public Utility District and Bonneville Power Administration; and Gregory Zerzan, a shareholder of business law firm Jordan Ramis PC.

“Most industries kind of emerge from a regulatory and legislative perspective over years — maybe even a decade or more,” said Dave Grimaldi, head of government relations at Blockchain Association.

To understand how and why I risk targeting this objective, I will simply refer to the last two analyzes published on this subject. And copy/paste their conclusion here. (You will find the links to these analyzes below.)

At the end of last May (the mark on the graph), the analysis “Brent: Watch out for the breakout signal! » :

“Now that the signals announcing the breakout of the range are appearing, it is becoming likely that the $70 zone will finally be broken, leading us to a new objective: an acceleration to $85. »

During today's trading, the US dollar is slightly declining against the euro and bears moderate losses against the yen after a significant strengthening the day before, caused by an increase in the yield of US government bonds.

The ICE-calculated index showing the dynamics of the dollar against six currencies (euro, Swiss franc , yen, Canadian dollar , pound sterling and Swedish krona ) fell by 0.08%, the broader WSJ Dollar Index lost 0.1%.

The US dollar and the euro showed growth at the start of trading on the Moscow Exchange on Wednesday morning.

The first transactions in the US dollar were in the range of 76.94 - 77.1 rubles, according to the results of the first minute of trading, the rate was 77 rubles. (+9 kopecks to the level of the previous close). The euro at the same time rose to 87.2675 rubles. (+16.25 kopecks by Tuesday's close).

As of 8:05 Moscow time, the weighted average exchange rate of the US dollar against the Russian ruble with a settlement term “tomorrow” amounted to 77.0397 rubles. In relation to the last deal on Tuesday, the dollar rose by 12.97 kopecks. The weighted average exchange rate of the euro with the settlement term “tomorrow” increased by 17.68 kopecks compared to the last deal. - up to 87.2818 rubles.

The incidence of coronavirus COVID-19 worldwide increased by 20% compared with the previous week, according to the weekly epidemiological bulletin of the World Health Organization (WHO).

During the week from January 10 to 16, more than 18.7 million new cases of coronavirus infection were detected, which is 3 million more than the same number of days last week. At the same time, WHO head Tedros Adhanom Ghebreyesus said that between January 3 and 9, the largest number of infections in one week was detected.

The state- owned company Rosnano , whose announcement of a possible debt restructuring last November came as an unpleasant surprise to the market and provoked talk of risks for the entire quasi-sovereign sector, has reached an agreement with the largest creditor.

“The documents were signed on December 30, 2021 and provide for early repayment of a loan to the bank in the amount of 15 billion rubles, as well as a retrospective recalculation of the interest rate on the loan,” Rosnano said in a statement.

Although snow covered the northeast of the country, investors were more optimistic during the first trading day of 2022, as stocks and oil rose, and gold fell. The snow makes flights even more difficult, already affected by the work losses caused by COVID, but investors have not flinched and focus on a more promising economic outlook.

The Chairman of the Supervisory Board of the European Securities Market Authority (ESMA), Eric Tedin, in an interview with the FT called for a ban on cryptocurrency mining using the Proof-of-Work (PoW) consensus algorithm in the European Union. According to Tedin, cryptocurrency mining may hinder the achievement of goals under the Paris climate agreement.

The head of the European financial regulator noted that he does not advocate a complete ban on cryptocurrencies. According to Tedin, cryptocurrencies that are implemented on the Proof-of-Stake (PoS) consensus algorithm and use staking to mine new coins can be more efficient from an environmental point of view. In networks based on PoS, the operability of the blockchain is provided by the holders of digital coins and receive a reward for this.

As we previously reported, Empower Oversight Whistleblowers & Research, a non-profit organization, filed a Freedom of Information Act (FOIA) complaint with the SEC on December 8, 2021 to identify a possible conflict of interest against government officials to influence Ethereum and Bitcoin while lowering the price. on XRP by suing Ripple.

The SEC was supposed to respond to this complaint on January 12, however, as lawyer James Filan said on his page, the SEC filed a motion with the court to postpone the response date by 30 days, until February 11, 2022, and the court granted this motion.

Yesterday, two major companies serving Singapore's ATMs, Daenerys & Co and Deodi, reported that they had to shut down their network of devices and dismantle them. The ban on the placement of crypto ATMs is part of a larger campaign by the Singapore authorities to regulate advertising of cryptocurrencies in the region. On Monday, the watchdog issued guidance to crypto companies banning them from advertising cryptocurrencies in public places, websites and social media.