On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country’s presiding cabinet resigned, but not before the state-owned Kazakhtelecom shut down the nation’s internet, causing network activity to plunge to 2% of daily heights. The move dealt a severe blow to Bitcoin mining activity in the country. As per data compiled by YCharts.com, the Bitcoin network’s overall hash rate declined 13.4% in the hours after the shutdown from about 205,000 petahash per second (PH/s) to 177,330 PH/s. The country accounts for 18% of the Bitcoin network’s hash activity. Just days prior, the Kazakh government removed price cap...
Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country. The Nasdaq-listed company announced Tuesday that it had deployed 10,300 AvalonMiner units in Kazakhstan as of Dec. 31, 2021, finalizing phase one of its deployment in the central Asian country. Canaan is partnering with local firms as part of its business expansion plans outside of China. However, the company declined to list any of its local partners. Although Canaan is based in Hangzhou, China, the company is eyeing expansion outside of its home country following Beijing’s wholesale crackdown on crypto mining in 2021. Zhang Nangeng, Canaan’s CEO, spoke out against the mining ban during an earnings c...
Kazakhstan, the country behind one of the largest sources of Bitcoin mining hash power, has released the results of a pilot program for its digital tenge. According to a Wednesday report, the National Bank of Kazakhstan, or NBK, said it had confirmed the possibility of implementing a retail central bank digital currency, or CBDC, based on distributed ledger technology. In addition, the central bank tested how Kazakhstan’s citizens might use a digital tenge for offline payments as well as its programmability. In a series of hypothetical scenarios, the central bank tested how a CBDC could be used between second-tier banks and other external participants. The tests also explored how a digital tenge would work for cross-border transactions under Kazakhstan’s regulatory framework. Source:...
France will look to extend their lead at the top of Group D with a win over Kazakhstan when the two sides meet in the World Cup qualifiers this week. The two sides will meet on the 13th of November at 19:45 pm BST. France are at the top of the qualifying group right now but they have not been at their best in recent months. The likes of Ukraine are breathing down their necks and they will be desperate to pick up a win here. Meanwhile, Kazakhstan have been in abysmal form in the World Cup qualifiers and they will be massive underdogs heading into this contest. They are undoubtedly the weakest team in Group D. France vs Kazakhstan team news France possible starting line-up: Lloris; Kounde, Upamecano, L. Hernandez; Pavard, Kante, Tchouameni, T. Hernandez; Griezmann; Mbappe, ...
Bosnia will be looking to pick up their first win of the World Cup qualifiers when they take on Kazakhstan this week. The two sides meet on Saturday at 14:00 pm BST. Neither side have managed to pick up a win in Group D so far and they will be desperate for all three points here. Kazakhstan vs Bosnia team news Bosnia will be without Miralem Pjanic and Sinisa Sanicanin due to injury. Kazakhstan are without captain Askhat Tagybergen and Artur Shushenachev. Kazakhstan possible starting line-up: Shatskiy; Logvinenko, Maliy, Marochkin; Bystrov, Zharynbetov, Kuat, Vorogovskiy; Vasiljev, Zhukov; Omirtayev Bosnia-Herzegovina possible starting line-up: Sehic; Jovicic, Ahmedhozic, Hadzikadunic; Stevanovic, Hadziahmetovic, Nalic, Cimirot, Kolasinac; Demirovic, Dzeko Kaza...
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