From Oil To Bitcoin: Oman Plans To Capture 7% Of Hashrate By June 2025
In a rapidly evolving global landscape, where nations are vying for dominance in the Bitcoin mining sector, Oman has emerged as a dark horse with its ambitious plans. The nation aims to capture a staggering 7% of the global Bitcoin hash rate by June 2025. This is not just a lofty goal; it’s backed by […]
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A little over a year ago, Faruk Fatih Ozer, founder and CEO of crypto exchange Thodex was arrested by Turkish authorities. After a long trial, Fatih was sentenced to over 11,000 years in prison after being found guilty of several financial crimes. Related Reading: From Oil To Bitcoin: Oman Plans To Capture 7% Of Hashrate […]
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the 200 EH/s region.
Hashrate Drops to 182 EH/s and Bounces Back Above 200 EH/s, Over 741 Million Bitcoin Transactions Confirmed
Close to a week ago, Bitcoin’s hashrate tapped an all-time high at 292.02 EH/s at block height 739,928 and since then, it has dropped down to just above the....
Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need to submit their proposals no later than March 23, 2022. Process Divided Into Two Phases The Oman financial regulator, the Capital Markets Authority (CMA), recently invited companies interested in helping it set up a regulatory framework for virtual assets to participate in a tender process. According to a report by Unlock Media, this process of creating the regulatory....
Crusoe, a Denver-based bitcoin mining company, is deploying equipment to capture flared gasses in Muscat, Oman.
Bitcoin’s hashrate has been climbing higher during the last two weeks, hitting 174 exahash per second (EH/s) on two occasions since June 28. Currently, Bitcoin’s network hashrate is coasting along at 158 EH/s, up 128% since the low 83 days ago when it hit 69 EH/s. Meanwhile, unknown hashrate has subsided a great deal as 96% of the mystery miners recorded at the end of June have disappeared.
Bitcoin Hashrate Gathers Strength Since the End of June
Approximately 83 days or over two months ago, Bitcoin’s hashrate had slid to a low of 69 exahash per second (EH/s)....