CoinDesk https://www.coindesk.com
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
CoinDesk https://www.coindesk.com
https://www.coindesk.com/wp-content/uploads/2017/05/cropped-coindesk-new-favicon-68×68.png


Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police https://www.coindesk.com/malaysian-bitcoin-mining-gang-stole-over-2m-in-electricity-say-police
https://www.coindesk.com/index.php?p=578232
<p><em>[unable to retrieve full-text content]</em></p>Police seized 1,746 bitcoin mining machines across 21 premises in raids this week. Thu, 18 Feb 2021 09:40:39 +0000 Tanzeel Akhtar
en
text/html
https://www.coindesk.com/malaysian-bitcoin-mining-gang-stole-over-2m-in-electricity-say-police
Policy & Regulation
News
Crime
Mining
Malaysia


Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot https://www.coindesk.com/crypto-mining-tea-china
https://www.coindesk.com/index.php?p=578805
<div><img src=”https://static.coindesk.com/wp-content/uploads/2021/02/j-remus-Q4Ha5yEzb9E-unsplash-1200×628.jpg” class=”ff-og-image-inserted”></div><div id=”node-0″ readability=”34″><p class=”text”>A retailer of specialty teas and baked goods based in Hunan, China is expanding its business into cryptocurrency mining.</p></div><div id=”node-1″ readability=”31.148387096774″><p class=”text”>According to a <a href=”https://www.prnewswire.com/news-releases/urban-tea-appoints-new-coo-and-independent-director-to-drive-expansion-in-blockchain-and-cryptocurrency-mining-business-301229669.html” target=”_blank” rel=”noreferrer noopener”>press release</a> on Thursday, Urban Tea Inc. has hired two new executives ahead of its strategic expansion into its new cryptocurrency venture.</p></div><div id=”node-2″ readability=”34″><p class=”text”>Fengdan Zhou has been hired as the company’s new chief operating officer (COO), while Yunfei Song has signed on as an independent director.</p></div><div id=”node-4″ readability=”36.980842911877″><p class=”text”>Zhou, who will lead the company’s implementation of its “blockchain and <a data-for=”autolink” data-tip=”BTC” href=”https://www.coindesk.com/price/bitcoin”>bitcoin</a> business plan,” brings a wealth of experience in building and managing blockchain data centers, mining equipment and digital currency tech development, according to Urban Tea.</p></div><div id=”node-5″ readability=”36″><p class=”text”>Meanwhile, Song is expected to provide guidance on the company’s blockchain development strategy. The independent director is a scientist at the Chinese Academy of Sciences with a focus on blockchain technology applications and artificial intelligence. Song also has experience in cryptocurrency mining and digital asset management.</p></div><div id=”node-6″ readability=”35″><p class=”text”>The move comes after a period of exploring and conducting research into the viability of creating a blockchain business, according to Urban Tea’s CEO, Yi Long.</p></div><div id=”node-8″ readability=”34″><p class=”text”>“As blockchain technology and cryptocurrency are gaining widespread popularity they are poised to go mainstream,” said Long.</p></div><div id=”node-9″ readability=”31.975609756098″><p class=”text”>The pivot into cryptocurrency mining is reminiscent of a <a href=”https://www.coindesk.com/long-blockchain-to-enter-bitcoin-mining-after-crypto-pivot-claim”>similar pivot by Long Island Ice Tea</a> at the start of 2018. Becoming Long Blockchain, the listed firm also started mining crypto, but <a href=”https://www.coindesk.com/fbi-suspects-insider-trading-around-long-island-iced-teas-blockchain-pivot”>got in hot water</a> with Nasdaq, the SEC and the FBI over allegations it pivoted to boost its stock and had seen insider trading at the time.</p></div><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Thu, 18 Feb 2021 09:15:32 +0000 Sebastian Sinclair
en
text/html
https://www.coindesk.com/crypto-mining-tea-china
Business
News
China
Mining


How Staking and Eth 2.0 Makes the Ethereum Economy More “Sustainable” https://www.coindesk.com/podcasts/coindesk-reports/staking-eth2-0-economy
https://www.coindesk.com/?post_type=podcast_episode&p=578626
<div><img src=”https://static.coindesk.com/wp-content/uploads/2021/02/MappingOutEth_3000x3000_v3-1200×628.jpg” class=”ff-og-image-inserted”></div><div id=”node-1″ class=”article-pharagraph” readability=”31.319502074689″><p class=”text”>In this episode, <a href=”http://@christine_dkim” target=”_blank” rel=”noopener noreferrer”>Christine Kim</a> and <a href=”http://@wsfoxley” target=”_blank” rel=”noopener noreferrer”>Will Foxley </a>discuss with <a href=”https://twitter.com/TrustlessState” target=”_blank” rel=”noopener noreferrer”>David Hoffman</a>, the co-founder of Bankless, the market implications of a dual Ethereum blockchain and what new realities staking presents to the long-term value proposition of ether. </p></div><div id=”node-2″ class=”article-pharagraph” readability=”29.950248756219″><p class=”text”>According to Hoffman’s “<a href=”http://podcast.banklesshq.com/4-ether-the-triple-point-asset” target=”_blank” rel=”noopener noreferrer”>Ether as a triple-point asset</a>” thesis, Ethereum 2.0 bolsters ether’s value proposition as a capital asset. This is because Eth 2.0 enables staking on the protocol level. </p></div><div id=”node-3″ class=”article-pharagraph” readability=”36″><p class=”text”>For all ether holders with a minimum balance of 32 ETH, they can earn an annual percentage return for locking in their crypto assets to the network and becoming a validator. This is a use case for ether on top of its existing functionalities as a form of payment for fees and as a store of value in decentralized finance applications. </p></div><div id=”node-4″ class=”article-pharagraph” readability=”37″><p class=”text”>Eth 2.0 strengthens the diverse ways in which ether can be used. However, it also complicates the monetary policy of the Ethereum protocol. Instead of ether issuance being restricted to one blockchain network, the launch of Eth 2.0 has effectively created two parallel networks both issuing ether and driving up the crypto asset’s total supply. </p></div><div id=”node-5″ class=”article-pharagraph” readability=”35″><p class=”text”>However, the dual issuance of ether is a temporary state that in the long run will make the Ethereum economy more “sustainable,” according to Hoffman. </p></div><div id=”node-6″ class=”article-pharagraph” readability=”36″><p class=”text”>“Ethereum has committed to this early research and development phase in the beginnings of its genesis. That’s the whole entire effort behind Eth 2.0 and that’s why the monetary policy of ether is so jagged and unpredictable because the monetary policy of ether is a tool for Ethereum to reach its goals,” said Hoffman. </p></div><div id=”node-8″ class=”article-pharagraph” readability=”32″><p class=”text”>And what are Ethereum’s goals exactly? Listen to the full episode to find out! </p></div><div id=”node-9″ class=”article-pharagraph” readability=”31.77304964539″><p class=”text”>For more weekly insights on Eth 2.0 development, be sure to check out and subscribe to Will Foxley and I’s weekly newsletter, <a target=”_blank” rel=”noopener noreferrer” href=”https://www.coindesk.com/newsletter/valid-points”>Valid Points. </a></p></div><div id=”node-10″ class=”article-pharagraph” readability=”32″><p class=”text”>Links mentioned in the podcast: </p></div><div id=”node-11″ class=”article-pharagraph” readability=”32″><p class=”text”>EthHub Explainer on Ethereum Monetary Policy – </p></div><div id=”node-12″ class=”article-pharagraph” readability=”0″><p class=”text”><a href=”https://docs.ethhub.io/ethereum-basics/monetary-policy/” target=”_blank” rel=”noopener noreferrer”>https://docs.ethhub.io/ethereum-basics/monetary-policy/</a> </p></div><div id=”node-13″ class=”article-pharagraph” readability=”32″><p class=”text”>Lyn Alden’s blog post – </p></div><div id=”node-14″ class=”article-pharagraph” readability=”0″><p class=”text”><a href=”https://www.lynalden.com/ethereum-analysis/” target=”_blank” rel=”noopener noreferrer”>https://www.lynalden.com/ethereum-analysis/</a></p></div><div id=”node-16″ class=”article-pharagraph”><p class=”text”>Rocket Pool – </p></div><div id=”node-17″ class=”article-pharagraph” readability=”0″><p class=”text”><a href=”https://www.rocketpool.net” target=”_blank” rel=”noopener noreferrer”>https://www.rocketpool.net</a></p></div><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Thu, 18 Feb 2021 09:00:00 +0000 Christine Kim
en
text/html
https://www.coindesk.com/podcasts/coindesk-reports/staking-eth2-0-economy
CoinDesk
Economy
Staking
Mapping Out ETH 2.0
Eth2.0


Published at

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.