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5 bullish arguments that Bitcoin price just bottomed at $53K
7.7.2024
Bullish divergence on the price chart, September rate cut prospects and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle
Bitcoin mining difficulty hits lowest level since March as price tops $57K
6.7.2024
The drop in mining difficulty should spell relief for the largest mining firms
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground
6.7.2024
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called...
Crypto remittances in Venezuela surge as economic situation worsens
5.7.2024
Sanctions from the United States, spiraling inflation, and government corruption have created an economic nightmare for Venezuelans
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
5.7.2024
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk
Bitcoin mining difficulty set for another drop following FTX collapse
5.7.2024
The resilience of Bitcoin miners is currently being tested, and miners anticipate a 5% drop in Bitcoin’s mining difficulty. Bitcoin mining refers to the process of creating and distributing Bitcoin for circulation. Mining difficulty is a metric that determines how hard it is for a miner...
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
5.7.2024
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...
Big Tech produced more carbon since 2019 than all Bitcoin mining ever
3.7.2024
U.S. tech firms made huge commitments to “net zero” carbon emissions, but that was before ChatGPT hit the scene
Marathon Digital Reports June Bitcoin Mining & July Updates
3.7.2024
Today, Nasdaq-traded MARA (Marathon Digital Holdings, Inc.) has published its Bitcoin production and miner installation updates for June 2024. Fred Thiel, MARA’s chairman and CEO, states that “Due to operational improvements in Ellendale and the facility being fully operational as of...
Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant
3.7.2024
Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days
World's largest Bitcoin miner didn’t sell any BTC in June
3.7.2024
Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future
Deutsche Telekom joins Subsquid decentralized network
3.7.2024
Deutsche Telekom’s latest partnership with Subsquid follows its recent announcement to expand into Bitcoin mining at BTC Prague
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
2.7.2024
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to...
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
2.7.2024
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures...
LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released
2.7.2024
According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released from jail, and the LAPD stated that...
Latam Insights: Argentina Reaches Zero Inflation, Central Bank of Bolivia Unbans Bitcoin
2.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin, and several employees of the Paraguayan power...
Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts
2.7.2024
Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase
Bitcoin hashrate drawdown reaches December 2022 levels
1.7.2024
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities
Bitdeer boosts Bitcoin mining power with new Ohio site lease
1.7.2024
One of the industry’s major players, Bitdeer, has announced a significant expansion by signing a 30-year lease agreement with the Monroe County Port Authority. The deal allows Bitdeer an additional 570MW from the Hannibal Industrial Park in Clarington, Ohio. This is a major step...