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EOS Network Foundation Founder: Bitcoin Halving Spurs Development of Solutions Enhancing Network Efficiency
16.5.2024
With Bitcoin transaction fees recently becoming a more critical component of miner revenue, Yves La Rose, CEO of Exsat, believes there is “an increased incentive to adopt and develop solutions that enhance transaction throughput and network efficiency.” According to La Rose, this...
Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit
16.5.2024
Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy filed a lawsuit against the company, seeking $27 million in damages for alleged breach of contract...
El Salvador mines 474 Bitcoin using geothermal volcanic energy
15.5.2024
El Salvador currently holds 5,750 BTC worth $354 million which it has accumulated over three years
El Salvador Mined 474 BTCs Since 2021, Government Now Holds 5,750 BTCs
15.5.2024
El Salvador, which became the first nation to use Bitcoin (BTC) as legal tender, could easily hold 5,750 Bitcoins, per “Bitcoin Office” report.
The post El Salvador Mined 474 BTCs Since 2021, Government Now Holds 5,750 BTCs appeared first on Cryptonews
Galaxy Digital’s revenue soars with mining, fees at record levels
14.5.2024
Galaxy Digital’s net income climbed 40% in the first quarter of 2024, buoyed by record-breaking revenue from mining operations and management fees
Bitcoin Miner Bitfarms Enhances Paraguay Facility With New 100 MW Hydropower Deal
14.5.2024
On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an additional 100 megawatts (MW) of power from Paraguay’s state-owned utility firm, ANDE. The 100 MW is anticipated to double the capacity of the hydro-powered Yguazu...
Bitcoin Hash Rate Declines as Mining Firms Shut Down Unprofitable Rigs Post-Halving
14.5.2024
The hash rate of the Bitcoin network has experienced a significant decline as mining firms are shutting down unprofitable mining rigs following the fourth Bitcoin halving.
The post Bitcoin Hash Rate Declines as Mining Firms Shut Down Unprofitable Rigs Post-Halving appeared first on Cryptonews
Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
14.5.2024
Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to Terawulf's Nazar Khan
Biden orders removal of Chinese-owned crypto miner near missile base
14.5.2024
Entities owned by Chinese nationals “might take action that threatens to impair the national security of the United States,” said President Biden
Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base
14.5.2024
President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining...
Bitfarms Fires CEO Geoffrey Morphy Following $27 Million Lawsuit
13.5.2024
Bitfarms has ousted its CEO Geoffrey Morphy after he filed a $27 million lawsuit against the Bitcoin miner, the Toronto-based firm announced Monday. News of Morphy's ousting comes amidst decreased Bitcoin production values for public crypto mining companies following last month's halving event.
The...
Bitcoin Miners Begin Curtailing Operations After Halving, Data Shows
13.5.2024
As analysts predicted, less efficient Bitcoin miners are powering off under tighter post-halving profit margins.
The post Bitcoin Miners Begin Curtailing Operations After Halving, Data Shows appeared first on Cryptonews
Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions
13.5.2024
Kenya's President William Ruto also wants to build a regulatory framework for crypto, with Marathon's help
Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein
13.5.2024
Lower cost miners have increased market share since the bitcoin halving event, the report said
Latam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange
13.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency exchange Wenia, and Genesis Digital Assets announces...
Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter
11.5.2024
In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes...
Bitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners
10.5.2024
According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI). This is because their application-specific integrated circuit (ASIC) miners now “only...
Bitcoin mining difficulty sees biggest drop since bear market lows
10.5.2024
Bitcoin saw a significant drop of 5.7% last Thursday, marking a major decrease in nearly a year and a half. Data from Bitbo revealed that this adjustment took place at block height 842,688, resulting in a decrease to 83.1 trillion. This shift stands out as the most significant reduction since...
Marathon Digital Reports Facing ‘Operational Challenges’ in Q1 Earnings
10.5.2024
Bitcoin mining firm Marathon Digital reportedly battled against “operational challenges” to produce record financial results in the first quarter of 2024.
The post Marathon Digital Reports Facing ‘Operational Challenges’ in Q1 Earnings appeared first on Cryptonews
Marathon Digital misses Q1 estimates on bad weather, utility failures
10.5.2024
The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites