Russian Crypto Mining Expands as Others Capitulate Blockchain News, Opinion, TV and Jobs

Marcus Sotiriou, Market Analyst at Listed Digital Asset Broker global block (TSXV: Block).

Bitcoin’s comeback stalled at the $24,000 level as it retreated to $22,700 last night. Bitcoin has just breached the uptrend support line on the lower time frame (LTF), so it could fall further in the short term. The next key support level is $21,500.

According to a survey by a major operator, Russia’s cryptocurrency mining capacity has increased significantly. The study claims that the total capacity of Russian crypto farms has grown to 500 MW, showing how Russian crypto miners are preparing for growth. Executives warn that growth could be constrained by government decisions on whether to impose electricity tariffs and taxes. Additionally, Russian miners are threatened by US sanctions, especially US-targeted Bitriver. Nevertheless, Russia’s largest miner, Bitriver, took advantage of falling prices for mining equipment by doubling its data center volume. They recognize the advantages of Russia’s abundant energy resources and long-term opportunities should cryptocurrency prices recover.

Separately, a recent Messari report highlighted opportunities for BNB chains this year. The report states that it focuses on growth strategies, scaling solutions, and Ethereum virtual machine implementations. Messari said, The team plans to expand the network with L2-like solutions such as ZK rollup and sidechains, and to encourage decentralization by open sourcing the set of validators. Despite some challenges in 2020, BNB Chain has successfully executed its roadmap for 2022After a dramatic year with many challenges, BNB Chain is poised to be competitive heading into 2023. It looks like it will maintain. In fact, the daily active addresses on the BNB chain increased last year, and the average number of daily transactions remained steady at around 3.4 million per day. In a sustained downtrend market, these stats are remarkable and signal strength.

Marcus Sotiriou, Market Analyst at Listed Digital Asset Broker global block (TSXV: Block).

Bitcoin’s comeback stalled at the $24,000 level as it retreated to $22,700 last night. Bitcoin has just breached the uptrend support line on the lower time frame (LTF), so it could fall further in the short term. The next key support level is $21,500.

According to a survey by a major operator, Russia’s cryptocurrency mining capacity has increased significantly. The study claims that the total capacity of Russian crypto farms has grown to 500 MW, showing how Russian crypto miners are preparing for growth. Executives warn that growth could be constrained by government decisions on whether to impose electricity tariffs and taxes. Additionally, Russian miners are threatened by US sanctions, especially US-targeted Bitriver. Nevertheless, Russia’s largest miner, Bitriver, took advantage of falling prices for mining equipment by doubling its data center volume. They recognize the advantages of Russia’s abundant energy resources and long-term opportunities should cryptocurrency prices recover.

Separately, a recent Messari report highlighted opportunities for BNB chains this year. The report states that it focuses on growth strategies, scaling solutions, and Ethereum virtual machine implementations. Messari said, The team plans to expand the network with L2-like solutions such as ZK rollup and sidechains, and to encourage decentralization by open sourcing the set of validators. Despite some challenges in 2020, BNB Chain has successfully executed its roadmap for 2022After a dramatic year with many challenges, BNB Chain is poised to be competitive heading into 2023. It looks like it will maintain. In fact, the daily active addresses on the BNB chain increased last year, and the average number of daily transactions remained steady at around 3.4 million per day. In a sustained downtrend market, these stats are remarkable and signal strength.

Marcus Sotiriou, Market Analyst at Listed Digital Asset Broker global block (TSXV: Block).

Bitcoin’s comeback stalled at the $24,000 level as it retreated to $22,700 last night. Bitcoin has just breached the uptrend support line on the lower time frame (LTF), so it could fall further in the short term. The next key support level is $21,500.

According to a survey by a major operator, Russia’s cryptocurrency mining capacity has increased significantly. The study claims that the total capacity of Russian crypto farms has grown to 500 MW, showing how Russian crypto miners are preparing for growth. Executives warn that growth could be constrained by government decisions on whether to impose electricity tariffs and taxes. Additionally, Russian miners are threatened by US sanctions, especially US-targeted Bitriver. Nevertheless, Russia’s largest miner, Bitriver, took advantage of falling prices for mining equipment by doubling its data center volume. They recognize the advantages of Russia’s abundant energy resources and long-term opportunities should cryptocurrency prices recover.

Separately, a recent Messari report highlighted opportunities for BNB chains this year. The report states that it focuses on growth strategies, scaling solutions, and Ethereum virtual machine implementations. Messari said, The team plans to expand the network with L2-like solutions such as ZK rollup and sidechains, and to encourage decentralization by open sourcing the set of validators. Despite some challenges in 2020, BNB Chain has successfully executed its roadmap for 2022After a dramatic year with many challenges, BNB Chain is poised to be competitive heading into 2023. It looks like it will maintain. In fact, the daily active addresses on the BNB chain increased last year, and the average number of daily transactions remained steady at around 3.4 million per day. In a sustained downtrend market, these stats are remarkable and signal strength.

Marcus Sotiriou, Market Analyst at Listed Digital Asset Broker global block (TSXV: Block).

Bitcoin’s comeback stalled at the $24,000 level as it retreated to $22,700 last night. Bitcoin has just breached the uptrend support line on the lower time frame (LTF), so it could fall further in the short term. The next key support level is $21,500.

According to a survey by a major operator, Russia’s cryptocurrency mining capacity has increased significantly. The study claims that the total capacity of Russian crypto farms has grown to 500 MW, showing how Russian crypto miners are preparing for growth. Executives warn that growth could be constrained by government decisions on whether to impose electricity tariffs and taxes. Additionally, Russian miners are threatened by US sanctions, especially US-targeted Bitriver. Nevertheless, Russia’s largest miner, Bitriver, took advantage of falling prices for mining equipment by doubling its data center volume. They recognize the advantages of Russia’s abundant energy resources and long-term opportunities should cryptocurrency prices recover.

Separately, a recent Messari report highlighted opportunities for BNB chains this year. The report states that it focuses on growth strategies, scaling solutions, and Ethereum virtual machine implementations. Messari said, The team plans to expand the network with L2-like solutions such as ZK rollup and sidechains, and to encourage decentralization by open sourcing the set of validators. Despite some challenges in 2020, BNB Chain has successfully executed its roadmap for 2022After a dramatic year with many challenges, BNB Chain is poised to be competitive heading into 2023. It looks like it will maintain. In fact, the daily active addresses on the BNB chain increased last year, and the average number of daily transactions remained steady at around 3.4 million per day. In a sustained downtrend market, these stats are remarkable and signal strength.