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Core Scientific may consider bankruptcy following uncertain financial condition: Report
1.11.2022
The mining firm has cited the low price of Bitcoin, electricity costs, an increase in the BTC hash rate, and litigation with Celsius playing a role in its financial difficulties
Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in 2 Bitcoin Mining Facilities
1.11.2022
The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity
Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million
1.11.2022
On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin mining machines since the crypto winter started in June. Cleanspark Purchases 3,853 Antminer S19J...
Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase Info, Coinbase Supports Ripple Against SEC
1.11.2022
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: Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase...
Bitcoin Miner CleanSpark Buys Another Batch of Mining Machines
1.11.2022
The bitcoin miner has bought more than 26,500 mining machines and 116MW of facilities in the bear market
Ethereum flashes a classic bullish pattern in its Bitcoin pair, hinting at 50% upside
31.10.2022
The formation of a bullish trading pattern suggests that the ETH/BTC pair could be on the verge of a trend reversal
3 Bitcoin Mining Records Set in October — BTC Hash Price Taps Lifetime Low, While Hashrate and Difficulty Surged
31.10.2022
This month bitcoin’s hash price tapped an all-time low of $66,500 per exahash on Oct. 25, according to statistics from the onchain market intelligence firm Glassnode. Alongside this, the network’s mining difficulty reached a lifetime high at 36.84 trillion on Oct. 23. Despite the high...
Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down
31.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain...
Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of the Country
31.10.2022
The growth of illegal bitcoin mining operations could affect the stability of the power system in Paraguay, according to statements from the National Power Administration. The boom the country is experiencing is taking its toll on the power system, with many miners plugging in illegally...
Happy Halloween: The five spookiest stories in crypto in 2022
31.10.2022
This Halloween, we pay tribute to the crypto investors and businesses that fought through the various financial and technological nightmares that occurred in 2022
Argo Blockchain is at risk of closing if it fails further financing
31.10.2022
Argo Blockchain has been selling its Bitcoin holdings earlier this year to cut debt to Michael Novogratz’s crypto investment firm Galaxy Digital
MPs Set to Vote on Mining Bill That Would Let Russians Pay Cross-border with Crypto
31.10.2022
Source: FedotovAnatoly/Adobe
A top Russian politician has said that a crypto mining regulation bill has been submitted to parliament – and that the bill would also allow Russians to use crypto “as a means of payment” outside the country. Moscow has previously banned the use of crypto...
Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy
30.10.2022
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to...
New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament
29.10.2022
A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well....
Bitcoin price due sub-$20K dip, traders warn amid claim miners 'capitulating'
28.10.2022
Miners may hit pause on the good times for BTC price action, one theory believes, as the weekend promises support tests
Bitcoin Could Rally to $63K Ahead of Next Mining Reward Halving: Matrixport
28.10.2022
Bitcoin tends to bottom out and start rallying 15 months ahead of the halving, past data show
Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine
28.10.2022
The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with energy supplies dwindling due to the escalating conflict in neighboring Ukraine. Authorities...
Core Scientific reveals financial distress in SEC filing, says its end may be near
27.10.2022
The Bitcoin miner says low BTC and high electricity rates and Celsius’ refusal to pay its bills could be its undoing; the company’s BTC holdings have dropped from 8,058 in May to 24 now
Aspen Creek Digital and Compass Mining to Host Thousands of Bitcoin Mining Rigs at Texas Solar Farm
26.10.2022
On October 26, the bitcoin mining operator Aspen Creek Digital Corporation (ACDC) announced that the company has commenced operations at its solar farm-powered high performance computing center (HPCC) in Texas. ACDC further detailed that the company inked a deal with the firm Compass Mining...
Bitcoin miners rethink business strategies to survive long-term
26.10.2022
A look at why some Bitcoin miners continue to thrive in the bear market while others need to rethink their strategies in order to continue operations