Cointelegraph.comMarathonMarathon Digital Holdings

The blacklist: Marathon only mining ‘fully compliant’ Bitcoin transactions

Marathon plans to divert all hash power to its new, regulatory compliant Bitcoin mining pool from May 1.
Major U.S.-based mining firm Marathon Digital Holdings has announced the launch of what it describes as the first North American Bitcoin mining pool that is “fully compliant with U.S. regulations.”According to a March 30 announcement, the pool adheres to U.S. anti-money laundering guidelines and rules set out by the Office of Foreign Asset Control, or OFAC. Marathon will ensure the transactions processed by its pool meet regulatory standards by using technology exclusively licensed by DMG Blockchain allowing transfers to be filtered.The firm will begin diverting 100% of its current hash power to the new pool from May 1. Marathon’s new pool also plans to begin accepting hash power pooled from other U.S.-based miners from June 1. By 2022, Marathon expects to have deployed 103,120 miners to direct 10.37 exahashes per second, or EH/s, to the mining pool — equal to roughly 6.4% of the Bitcoin network’s current combined hash rate. By avoiding transactions executed by individuals on the U.S. Department of Treasury’s Specially Designated Nationals and Blocked Persons List, Marathon claims its operations will be entirely regulatory compliant. The announcement does not specify how DMG’s technology identifies whether transactions have been issued by individuals blacklisted by the Treasury Department.Merrick Okamoto, Marathon’s chairman and CEO, asserted that despite the recent surge in institutional interest surrounding Bitcoin, a lack of regulatory assurances has deterred many firms from participating …
Story continues on Cointelegraph

Related posts
Cointelegraph.comHoloMarketsOrigin protocolPrice analysisWanchain

New partnerships send Holo (HOT), Wanchain (WAN) and Origin Protocol (OGN) higher

Surprise NFT drops, new partnerships and sticking to the project development roadmap are the primary factors behind the rally in Holo, Origin Protocol and Wanchain. On March 30 PayPal president and CEO Dan Schulman told Reuters that the online payment…
Bitcoin FuturesBitcoin PriceCointelegraph.comCryptocurrenciesCryptocurrency ExchangeDerivativesFuturesMarket AnalysisMarkets

Bitcoin futures premium hits 30% but analyst says 'This time it’s different’

Futures traders are using excessive leverage and historical data shows Bitcoin price crashes tend to occur after the futures premium reaches 30%. March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long…
Cointelegraph.comDerivativesETH OptionsETH PriceIron Condor

Bullish traders cast low-risk Ethereum options bets with this clever strategy

Risk-averse traders who believe Ethereum is in a bull trend often use the Iron Condor options strategy to limit their downside risk. Ether (ETH) has been making higher lows throughout 2021, and the current trend indicates that $1,800 might be…