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More Banking Giants Eye Crypto, New Investment Products, US Debt Ceiling + More News
15.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
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Read More: More Banking Giants Eye Crypto, New Investment Products, US Debt Ceiling + More News
Bitcoin Hashrate Hits an All-Time High Suggesting Thousands of Next-Gen Machines Have Joined the Race
12.12.2021
While bitcoin prices have consolidated around the $50K zone, the network’s hashrate has reached an all-time high (ATH) on December 8, 2021, tapping 194.95 exahash per second. Bitcoin miners have increased their processing power a great deal despite the fact that mining bitcoin is 8.33%...
Enterprise blockchain to play a pivotal role in creating a sustainable future
11.12.2021
Companies are turning to enterprise blockchain-based solutions to meet environmental sustainability goals as well as business demands
Bitcoin Mining Company Cleanspark to Kick-Start 20 MW Immersion Cooling Initiative
11.12.2021
Cleanspark, a sustainability-focused bitcoin mining company, has announced it will kick-start a 20 MW initiative in its Norcross bitcoin mining facility where miners will be cooled via immersion. The company will host more than 5,900 miners in this facility, which will be submerged into tanks of...
Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users
8.12.2021
A high-flying regional Communist Party official who was expelled from the party last month for allegedly supporting crypto miners has been arrested. Meanwhile, individuals are being caught sending money abroad using crypto.
Per the Epoch Times and the Xinhua news agency, Xiao Yi, the former...
Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’
6.12.2021
El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib...
Bitcoin Mining Company Griid Plans for Public Listing on NYSE via SPAC Deal
30.11.2021
After the vertically integrated bitcoin self-mining company Griid revealed it secured a $525 million credit facility from Blockchain.com, the company revealed it plans to go public via a special purpose acquisition company (SPAC) deal. Griid will be listed on the New York Stock Exchange (NYSE)...
Bitcoin transaction fees are down by over 50% this year
29.11.2021
Transaction fees have dropped this year, after a spike earlier this summer
Immersion Cooling Gets Attention From Miners Wanting to Squeeze More Power Out of Equipment
29.11.2021
Bitcoin mining companies are now increasingly experimenting with immersion cooling, a form of cooling that allows them to get more hashpower out of existing miners. According to industry insiders, this cooling alternative will become mainstream in the future, as leading companies are already taking...
Hackers can use compromised Google Cloud accounts to install mining software in under 30 seconds: report
26.11.2021
The report said the actors usually gained access to Cloud accounts because of “poor customer security practices” or “vulnerable third-party software.”
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
25.11.2021
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest...
Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com
23.11.2021
On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining...
This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining
22.11.2021
The green Bitcoin mining operator is also en-route to list on the NASDAQ exchange via a SPAC merger
While BTC’s Hashrate Climbs Higher, Bitcoin’s Mining Difficulty Nears All-Time High
20.11.2021
During the last 90 days, Bitcoin’s hashrate has been climbing higher and has been slowly nearing the all-time high (ATH) the network captured six months ago in May. The accelerated hashrate has caused the network difficulty to rise, as Bitcoin’s mining difficulty has adjusted upward...
Foundry USA becomes second-largest Bitcoin mining pool amid China ban
20.11.2021
New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool
Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger
18.11.2021
The merger could result in a valuation of the two firms at roughly $1.5 billion following a $150 million fundraising round from 10X Capital Venture
Bitcoin Hashrate Nears All-Time High Captured in May — BTC Mining Rigs Produced in 2016 Still Profitable
15.11.2021
While bitcoin’s value has remained well above the $60K range, the network’s hashrate has surged to over 184 exahash per second (EH/s) as mining devices are far more profitable at these prices. The price has made it so that older generation mining devices manufactured over four years...
Crypto mining stocks dip as SEC issues subpoena for Marathon Digital mining facility
15.11.2021
Share prices of Marathon Digital stock dropped, as did those from major crypto mining firms including Riot Blockchain, Bitfarms, Bit Digital, and Hut 8
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
15.11.2021
On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue more “bitcoin or bitcoin mining machines.” Publicly-Listed Mining Operation to Raise $500M From Debt Markets...
Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase
13.11.2021
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s....