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Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed
21.11.2023
Phoenix was looking to sell almost 18% of the company for a target raise of $368 million
Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
21.11.2023
Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too
Luxor Starts New Business to Make Shipping of Bitcoin Mining Rigs Faster
20.11.2023
The bitcoin mining services firm has previously shipped over $245 million worth of equipment to more than 30 countries
Is Celestia Going to Zero? TIA Price Suffers 6% Fall as New Bitcoin Mining Project Takes All the Limelight – How Does it Work?
20.11.2023
Rapidly growing modular blockchain layer-1 Celestia has undertaken a major rally since the TIA airdrop, however, with TIA price falling -6% over the past two-days – is Celestia going to zero? Celestia did what other airdrops such as Arbitrum couldn’t, TIA has mounted a sustained upside...
Report: Crypto Mining Equipment Found in Poland’s Supreme Court
20.11.2023
Prosecutors in Poland’s capital Warsaw recently launched a probe into how cryptocurrency mining equipment was installed in a building housing the country’s Supreme Administrative Court. The chairman of the court’s information department insisted the crypto-mining equipment posed...
70% of BTC dormant for a year — 5 things to know in Bitcoin this week
20.11.2023
Bitcoin faces a slow grind after earlier brisk BTC price gains, but the ingredients for a sustained rally are there, market data suggests
With 93% of Bitcoin’s Supply Mined, Network’s Hashrate and Difficulty Surge in Synchrony
19.11.2023
On Sunday, November 19, 2023, Bitcoin’s hashrate maintained a steady pace at 468 exahash per second (EH/s), surpassing the intended ten-minute block interval average. The most recent block was processed in just 7 minutes and 37 seconds. Present observations suggest that if this trend...
CZ Reveals Client Execs Kidnapped, Hive Increases Mining Power, Blackrock on ETH ETFs — Week in Review
19.11.2023
Changpeng Zhao, the CEO of leading crypto exchange Binance, recently revealed that executives of a Binance client were kidnapped and shaken down for their crypto holdings. In other news, Vancouver-Based Hive Digital has increased its mining power and Blackrock has weighed in on the topic...
Greenidge Generation Settles Debt and Sells SC Bitcoin Mining Site to NYDIG
19.11.2023
Greenidge Generation Holdings has successfully wiped out $21.8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity. Greenidge Generation Holdings Clears $21.8 Million...
Today in Crypto: Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments
17.11.2023
Source: AdobeStock / William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Mining news We may be witnessing the start of a Sino-US bitcoin silicon war, according to the latest Miner...
AI's energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder
17.11.2023
While artificial intelligence continues to grab headlines, small and large-scale Bitcoin miners might not necessarily jump ship to the AI and machine learning hype train
Tether Charts Strategic Course in Bitcoin Mining, Plans $500 Million Infusion
16.11.2023
Tether Holdings Ltd., the issuer of the leading stablecoin in terms of market value and trade volume, is poised to become a formidable player in the mining industry, as revealed by its CEO, Paolo Ardoino. On Thursday, Ardoino announced the company’s intention to channel approximately $500...
Best Crypto to Buy Now November 16 – Kaspa, Render, Avalanche
16.11.2023
KAS, RNDR, and AVAX are hitting new highs making their case as the best crypto to buy now. Also, keep an eye on BTCMTX and TGC. Image by cryptonews.com. With the KAS price hitting new highs, Kaspa is making a case for itself as the best crypto to buy now. Render and Avalanche are also […]
The...
Critics Alarmed as 2 Major Mining Pools Dominate Over 50% of Bitcoin Hashrate
16.11.2023
On Wednesday, crypto analyst Chris Blec highlighted that Bitcoin’s two major mining pools now control over half of the network’s total hashrate. Blec posits this dominance could transform bitcoin mining into an industry adhering to regulatory standards, with all miners required...
Tether plans major expansion into BTC mining with $500M investment: Report
16.11.2023
Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push
Tether Aims to Invest Half a Billion Dollar in Mining Ventures Over Next Six Months to Become a Top Miner
16.11.2023
Source: Adobe/Jim Tether, the company behind the world’s largest stablecoin USDT, aims to invest half a billion dollars to become one of the world’s leading Bitcoin miners. Paolo Ardoino, the company’s incoming CEO, said in a recent interview that Tether plans to invest...
Is Monero Going to Zero? XMR Price Drops 3% as Viral New Bitcoin Mining Project Surpasses $4 Million Milestone
16.11.2023
The XMR price has dropped by 3% in the past 24 hours, slipping to $160.91 on a day when the cryptocurrency market as a whole gains by 2.5%. Monero is also down by close to 4% in the past week and by 6% in a fortnight, with the privacy coin gaining by only 9% in […]
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ASICRUN Miners Tout “Unparalleled Mining Performance” as Fight For Efficiency Intensifies
16.11.2023
Image Source: Pixabay Hong Kong-based crypto technology company ASICRUN has released its latest offerings, which reportedly boast “unparalleled mining performance.” In a Wednesday press release, the company said its latest offerings, the AR1, AR2, and EliteAR ASIC miners, stand out...
Best Crypto to Buy Now November 15 – Celestia, PancakeSwap, THORChain
15.11.2023
TIA, CAKE, and RUNE are among the best crypto to buy now, while new presales like BTCMTX and TGC offer high risk/reward. Image by cryptonews.com. The TIA price hit yet another all-time high earlier today, as Celestia’s native token remains one of the best crypto to buy now. The recent 200%...
Is Immutable Going to Zero? IMX Price Takes a Dive as Budding Mining Coin Surpasses $4,000,000 Milestone
15.11.2023
Promising layer-2 scaling solution ImmutableX has once again entered minor localized retracement following the latest rally push, with IMX price trading high, and a new Bitcoin cloud mining cryptocurrency has exploded to $4m raised in presale. The sudden downtick in price action has left...