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Is Chainlink Going to Crash? LINK Price Turns Red as New Mining Protocol Takes the Limelight
22.1.2024
Chainlink price turns red as LINK price analysis reveals localized retracement in aftermath of cross-chain stablecoin infrastructure rally. The downside move comes after a joint announcement with Circle on January 16 triggered a +11.38% move on the chart. $LINK testing the drop-off#altcoins...
Crypto Mining Investor B.Riley Facing SEC Probe
22.1.2024
B.Riley, an investment firm that has backed numerous Bitcoin mining projects, is allegedly involved in a probe brought forth by the United States Securities and Exchange Commission (SEC), according to a new report from Bloomberg. B.Riley’s deals in question following business with alleged...
Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends
22.1.2024
Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...
Mining Digital Gold — These Are the Most Profitable Proof-of-Work Algorithms in 2024
21.1.2024
In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations. 2022 to 2024 Sees...
Bitcoin Network’s Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap
20.1.2024
On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next adjustment anticipated on Feb. 4, 2024. Bitcoin Difficulty...
Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears
20.1.2024
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with a single exception occurring when it briefly fell...
Grayscale CEO: Most of 11 Approved Bitcoin ETFs Won’t Survive + More Crypto News
19.1.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Grayscale CEO: Most of 11 Approved Bitcoin ETFs Won’t Survive Hong Kong Firm Set to Apply for Spot Bitcoin ETF ‘Bitmain is a Hidden Self-mining Giant’...
BlockDAG Network allows earning 75K BDAG daily with new miners as Bitcoin Mining picks up pace in hopes of a 192% surge
18.1.2024
January 2024 has brought new hopes for the altcoin community, with Bitcoin (BTC) maintaining its influence over the market. Bitcoin miners have also excelled in their efforts to get more of the BTC as the Bitcoin halving event is set to happen in Q2 of 2024. The crypto market is expected to boom...
Subzero Temperatures in Texas Impact Bitcoin Hashrate Amidst Energy Strains
18.1.2024
As Texas grapples with unexpected subzero temperatures, the state’s bitcoin mining operations have shut down due to high energy demand. This has freed up much needed electricity capacity in the state, while also leading to a sharp drop in the global Bitcoin hashrate. Bitcoin Mining in Texas...
Bitcoin Mining Using Sustainable Energy With a Record High of 54.5% in 2023
18.1.2024
Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year. The analysis, conducted by The Bitcoin ESG Forecast, compared Bitcoin’s sustainable energy mix to other industries using publicly available data over...
Bitcoin Hash Rate Plunges Ahead of Anticipated Halving Event – Here’s the Latest
18.1.2024
The Bitcoin (BTC) hash rate experienced a significant drop of 34% as a result of a sudden freeze in Texas, causing some miners to scale back their operations due to the strain on the state’s energy grid. The development comes at a crucial time, with the anticipated halving event, where...
Texas curtails consumption, Bitcoin mining hashrate drops by 25%
18.1.2024
Bitcoin mining hashrate is down by 25%. This comes in the wake of Texas curtailing the usage of businesses. The Texas grid regulator has requested a more conservative approach in response to ERCOT’s message. ERCOT, short for Electric Reliability Council of Texas, recently issued a warning that...
Is Arbitrum Going to Zero? ARB Price Drops 5% as BTC Mining Platform Surpasses $8.7 Million
18.1.2024
Following the success of the Arbitrum airdrop, ARB price has dropped -5%, leaving some panicked holders asking ‘Is Arbitrum Going to Zero?’, find out in this ARB price analysis. Arbitrum is trading in a tight trading channel between the upper trendline and moving average support. $ARB...
Investment Firm With $1B Assets Looks to Invest in Bitcoin Mining With Fabiano Consulting
18.1.2024
Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners
TUSD Says Recent Depegging is Related to Binance Launchpool Activities
18.1.2024
TrueUSD (TUSD) has clarified that the recent depegging of its value from the US dollar is associated with activities on Binance Launchpool. In a recent post on X (formerly Twitter), the TUSD team said they “have observed recent community mining activities associated with Binance Launchpool...
Bitcoin Miner Core Scientific Set to Emerge From Bankruptcy
18.1.2024
Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major bitcoin miner, is about to emerge from Chapter 11 bankruptcy....
Bitcoin Miners Curtail Operations During Texas Winter Storm
18.1.2024
Everything is bigger in Texas – including the weather. In recent years, The Lone Star State has seen dramatic weather related events, including overly hot summers and unusually cold winters. For instance, an arctic blast hit Texas in February 2021, leaving many Texans literally out in the cold....
Blackout Fears as Russia’s Dagestan Energy Provider Begs Crypto Miners to Turn off Rigs
18.1.2024
Source: Tatyana Olina/Adobe The state-run power provider in the Russian republic of Dagestan has asked crypto miners to turn off their rigs this winter to avoid power outages and blackouts. In a Telegram post politely addressed to operators of “mining farms,” Dagenergo asked miners...
Bernstein Says Buy the Dip in Bitcoin Mining Stocks Ahead of BTC Price 'Inflection'
17.1.2024
The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK)
Is Sui Going to Zero? SUI Price Drops 8% as Novel Bitcoin Mining Protocol Hits $8.6 Million
17.1.2024
Sui Network has witness a sudden -8% price drop amid a retracement from upper trendline resistance, but could SUI price analysis reveal whether SUI is going to zero? This comes as Sui Network continues to see major developments in DeFi applications, in a push for growth that has recently seen...