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ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns

27.7.2023
The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by reporters, Lagard insisted the central bank was “not going...

CleanSpark’s Bitcoin mining capacity hits 8 EH/s as new facility goes live

13.7.2023
The Bitcoin mining company kicked off the second phase of its mining campus in Georgia, gearing up for the next Bitcoin halving

Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm

26.6.2023
Around 50 Chinese nationals have reportedly been apprehended by Libyan authorities following allegations of running a cryptocurrency mining facility within the city of Zliten, local reports detail. Cryptocurrency mining is strictly prohibited by law in Libya. Libyan law enforcement officials have...

Luxury Villa in Antigua Available to Be Purchased With Crypto

24.5.2023
Experience exquisite luxury at this exclusive villa in Antigua! Boasting 6 bedrooms, 6.5 baths and a newly completed Boat House with 1 bedroom and 1 bath, plus an 85-foot mooring facility, this unique opportunity can be yours today, purchasable with crypto! Indian Sands in Jolly Harbour Discover...

Disney Cancels $1 Billion Florida Facility As Its War With Governor DeSantis Continues

18.5.2023
Last week, Disney CEO Bob Iger asked rhetorically if Florida and its governor, Ron DeSantis, wanted all of the company’s business and taxes. Now, events are moving beyond the mere rhetorical as Disney—citing “new leadership and changing business conditions” in Florida—has canceled big plans to move...

Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation

11.5.2023
Marathon Digital Holdings, a publicly-listed bitcoin mining company, has recently revealed that it was served with a subpoena by the U.S. Securities and Exchange Commission (SEC) in relation to an investigation concerning the firm’s Montana mining facility. The SEC is reportedly looking into...

Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus

21.4.2023
Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh)...

US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility

5.4.2023
After a lengthy legal tussle, the company will have to pay various fees and fines and take extensive noise control measures

How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility

4.4.2023
The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run...

US contemplates 'expanding' emergency lending facility for banks: Report

26.3.2023
While the Federal Reserve liquidity offerings must be equally accessible to "all eligible users," unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits

On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank

16.3.2023
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global...

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

14.3.2023
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of...

Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate

8.3.2023
The miner reduced its debt by $50 million and freed up about $75 million worth of bitcoin that was held as collateral

TeraWulf goes nuclear: 8,000 rigs spool up in Nautilus mining facility

7.3.2023
Bitcoin mining company TeraWulf has fired up a new “behind the meter” mining facility powered by 100% nuclear power in Pennsylvania

Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations

6.3.2023
Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000...

TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000K Rigs at Nautilus Facility

6.3.2023
The miner expects its power cost to drop to $0.02/kWh when the nuclear site is fully operational

State-backed Crypto Mining Farm under Construction in Russia’s Buryatia

11.2.2023
A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver...