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Crypto Biz: Binance’s chaotic June, miners gear up for halving, Bitfinex’s Latam expansion

30.6.2023
This week’s Crypto Biz looks at the story behind Binance’s debanking in Australia, Bitcoin miners preparing for the next halving, and Bitfinex’s expansion in Latin America

Bitcoin Cash Hashrate Gains Momentum: Miners Flock to BCH as Profitability Surges

30.6.2023
Over the past two weeks, bitcoin cash has experienced a significant surge, increasing 182% against the U.S. dollar and attracting more hashrate to its network. Approximately 22 bitcoin cash mining pools are now allocating SHA256 hashrate to the chain as BCH is currently 2.7% more lucrative to mine...

Syscoin Developer Launches Ethereum-Compatible Layer 2 Network Secured by Bitcoin Miners

28.6.2023

Texas Bitcoin Miners Scale Back Operations Amidst Heat Wave

28.6.2023
Bitcoin (BTC) miners in Texas have halted operations after a heat wave and subsequent surge in elcetricity price put the state's power grid under pressure. Crypto miners in the region as well as grid manager the Electric Reliability Council of Texas, or Ercot, have confirmed the pause in mining...

Crypto Miners Sent Over $1B Bitcoin to Exchanges Over Two Weeks: CryptoQuant

28.6.2023
Miners usually sell bitcoin at favorable prices to keep their extensive computing operations running

Bitcoin miners send record $128M in revenue to exchanges

28.6.2023
Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react

Austin: Where Remote-Work Crypto Developers Actually Choose to Live

27.6.2023
A critical mass of the world’s top Bitcoin developers and mining companies call the No. 9 spot in CoinDesk’s Crypto Hubs 2023 their home, lured by the city’s attractive weather, live music and food scene, as well as the lack of state income taxes

Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

27.6.2023
The new rigs will add 7.6 EH/s to the firm’s self-mining capacity. However, the rigs won’t be installed until the first quarter of next year

Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan

23.6.2023
Electricity costs played a vital role in the past year’s bear market as miners struggled to survive, the report said

Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions in the Backlog

22.6.2023
With 13.15 million ordinal inscriptions on the Bitcoin blockchain, demand has continued to keep network transfer fees high, as the average fee to transact onchain is 0.00012 BTC or $3.54 per transaction. Moreover, since June 18, 2023, average fees on the Bitcoin blockchain have increased by more...

CleanSpark Spends $9.3 Million on New Bitcoin Mining Facilities to Accommodate 6,000 Miners – Is Bitcoin Mining Still Profitable?

22.6.2023
Bitcoin (BTC) mining firm CleanSpark is expanding its operations with the acquisition of two Bitcoin mining sites in Dalton, Georgia, for $9.3 million. The facilities will accommodate over 6,000 Bitcoin mining machines, including the latest generation Antminer S19 XP and S19j Pro+ units.... Read...

Valkyrie joins rush with BTC spot ETF application to go with its futures, miners ETFs

21.6.2023
The cryptocurrency fund manager is at least the fourth to seek a BTC spot ETF listing in the last week; Fidelity is rumored to be preparing to apply, too

Ordinal Inscriptions Surge Past 13 Million Amid Game-Changing Recursive Inscription Upgrade

21.6.2023
On June 20, 2023, around 9 p.m. Eastern Time, the tally of Ordinal inscriptions minted on the Bitcoin blockchain surged past 13 million. A mere five days had elapsed since the 12 million milestone was reached, indicating a persistent demand for these inscriptions that shows no signs of diminishing....

Bitcoin Network Gears Up for Fourth Surge in Mining Difficulty Amid Record Highs and Unwavering Miners

19.6.2023
The Bitcoin network has witnessed a consecutive surge in mining difficulty during the past three retargets, and now a fourth increase is slated for June 27, 2023. The block generation time, averaging less than ten minutes, indicates that the difficulty is projected to climb by an estimated 2.1%...

Bitcoin Records Over 12 Million Ordinal Inscriptions, Miners Accumulate $46 Million as BRC20 Market Cap Declines

18.6.2023
As of June 18, the latest figures reveal over 12.49 million Ordinal inscriptions have been recorded on the Bitcoin blockchain. The inscription trend has yielded substantial gains for bitcoin miners, who have accumulated 1,732 BTC equivalent to $46 million using today’s exchange rates....

Bitcoin Mining Difficulty Reaches Unprecedented Highs Amidst Challenging Market Conditions

14.6.2023
On Wednesday, June 14, 2023, at block height 794,304, the Bitcoin network recorded its third consecutive mining difficulty increase since May 18. The mining difficulty climbed by 2.18%, bringing the overall difficulty to another unprecedented high at 52.35 trillion. Bitcoin Mining Difficulty Hits...

Unite and Prosper: BitFuFu’s Collaborative Approach Empowers Miners Worldwide

14.6.2023
PRESS RELEASE. During the Blockchain Pizza Festival held from May 22nd to May 31st, BitFuFu organized an exciting “Team Up, Mine More” event that attracted the attention and participation of many miners. This special event showcased BitFuFu’s commitment to delivering exceptional...