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Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
9.6.2024
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would...
Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more
7.6.2024
This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving
Bitcoin network transaction fees temporarily soar to nearly $52
7.6.2024
The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning
Bitdeer introduces energy-efficient Bitcoin mining chip
7.6.2024
This chip will enhance Bitcoin mining performance, minimize power consumption, lower costs, and reduce the environmental footprint
Bitcoin Mining Stocks Soar Amid Takeover Frenzy
6.6.2024
The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts
Core Scientific declines unsolicited Coreweave buyout bid
6.6.2024
The unsolicited buyout bid followed a series of long-term business contracts in which Core Scientific would provide infrastructure for Coreweave
Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal
6.6.2024
Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month
Largest Bitcoin mining firm sold 63% of mined BTC in May
5.6.2024
Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjust operations after the halving event
Riot Platforms Falls After the Bitcoin Miner Is Targeted by Short-Seller Kerrisdale
5.6.2024
The short-seller has targeted MicroStrategy previously
Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility
5.6.2024
To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas
3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours
4.6.2024
Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining...
Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving
4.6.2024
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production...
Halving full effect: Bitfarms crypto mining revenue falls 42% in May
4.6.2024
The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production
Biden vetoes House and Senate votes on SEC’s anti-crypto resolution: Law Decoded
3.6.2024
United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121
Illicit Bitcoin mining farm sealed in Paraguay; El Salvador debate on BTC
3.6.2024
The authorities took action against a Bitcoin mining farm that hosted 2,738 Bitcoin miners and five electric transformers, which were confiscated by the authorities. Supervisory and control systems and AI-backed software helped detect these illegal Bitcoin mining farms. According to the report...
Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s
3.6.2024
Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has decreased by at least 74 EH/s over the past week. Bitcoin...
Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin
3.6.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched...
Crypto Biz: Solana’s rise, BlackRock’s growing BTC exposure, and more
31.5.2024
This week’s Crypto Biz explores Solana’s comeback, BlackRock funds’ growing exposure to Bitcoin, Riot Platforms’ bid for Bitfarms, Semler Scientific using BTC as a treasury reserve, and more
Bitdeer Announces $100 Million Investment From Tether
31.5.2024
On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge...
Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer
31.5.2024
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said