Vaca Muerta is one of the most important oil fields in Argentina, which represents a strategic area for Bitcoin mining. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Unblock Computos installs new Bitcoin farm in Vaca Muerta
📍The new Bitcoin mining farm, installed in Vaca Muerta, will operate with residual gas. The company in charge of these new facilities, Unblock Computos, reported that $15 million dollars in investment was required to establish this new mining farm.
Being located in an important oil field, one of the main characteristics of this new BTC farm is that it will operate with residual gas, encouraging the reduction of emissions into the environment.
Toma Ocampo, founder of Unblock Computos, said the company has become the second largest cryptocurrency miner gas flare in the world and that thanks to Bitcoin mining, $200 million in oil will be produced in the field with fewer emissions into the atmosphere.
In addition to Unblock Computos, the company FMI Minecraft Management had said in 2021 that it would invest $20 million dollars to build a Bitcoin mining center in the province of Neuquén, in an area surrounding the Vaca Muerta deposit.
Ordinals: More than $42 million in volume
📍The Ordinals protocol recorded a trading volume of more than $42 million this week. With this volume, the Bitcoin NFT token protocol has established a new all-time high.
According to the data consulted on the Dune Analytics platform, the volume of operations with ordinals increased by close to 98%, on average, on December 14, reaching a total of $ 42,2 million dollars. Most of this trading volume is occurring on the OKX platform, according to data from the analytics platform.
Source: Dune Analytics
This new milestone occurs amid a new overflow of these digital assets registered on the Bitcoin blockchain. Ordinals recently celebrated one year since the minting of the first ordinal inscription on the blockchain network, which was made by the protocol's creator, Casey Rodarmor.
Pig-butchering: A scam on the rise in the crypto world
📍Chainalysis has warned about the evolution of the attack known as “pig-butchering” in the world of cryptocurrencies. According to the blockchain intelligence firm, attackers who often use the scam method known as “pig-butchering” have changed the way they deceive their victims with the aim of stealing their funds in crypto assets.
According to Chainalysis, pig-butchering scammers are using fraudulent or fake cryptocurrency investment platforms and websites to trick their victims into investing their money. The firm noted that the scammers, who are known as “romance scammers” because they attract their victims as partners through chat and dating sites, in order to gain their trust, convince cryptocurrency holders to use a platform of investment with which they have supposedly obtained great profits. Once they get the victims to invest and deposit their money on these fake platforms, the scam is considered complete.
Recently, the United States Department of Justice (DOJ) indicted four people accused of running a “pig-butchering” scam, in which they stole $80 million dollars. These people have also been charged by the department with opening a fake cryptocurrency investment company, in addition to other charges such as money laundering and money laundering.
Bitcoin to export
📍Russia, which sees a promising business in Bitcoin mining, wants to export cryptocurrencies. As it does with oil and gas, Russia wants to export the bitcoins produced in the country. According to the Russian Ministry of Finance, BTC miners operating in the country can sell their bitcoins as an export product, in an initiative with which they could access new options to market their cryptocurrencies abroad.
local media reported that Russia is working on the formulation of a bill, with which it seeks to legally define the export of bitcoins. Currently, Russia is one of the countries with the highest Bitcoin mining activity within its territory, surpassing Kazakhstan in the world ranking.
Continue reading: JPMorgan added 200 workers to Onyx, its banking blockchain platform, in the last 3 years
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