Bitcoin Mining

China’s central bank says it will maintain heavy regulatory pressure on the crypto market.

The People's Bank of China has vowed to maintain heavy regulatory pressure on cryptocurrency trading and speculation after escalating its clampdown in the sector earlier this year, BNN Bloomberg reported. The central bank will also supervise financial platform companies...

Energy Harbor Corp signs a deal with Standard Power that will provide clean energy to Bitcoin mining.

US-based power provider, Energy Harbor Corporation, has signed a 5-year agreement with Standard Power, a leading hosting provider for blockchain mining companies, to use nuclear power and provide clean energy to Bitcoin mining centers. Since the Chinese crackdown on...

Poll finds majority of citizens are skeptical of El Salvador’s move to authorize bitcoin as legal tender.

According to a recent poll, more than three-quarters of Salvadorans are skeptical of the maverick leader's push to adopt the leading cryptocurrency bitcoin as parallel legal tender, Reuters reported. Earlier, El Salvador President Bukele's allies in Congress approved legislation...

Bitcoin mining industry faces the greatest hash-power migration in history.

The bitcoin mining industry is currently facing the greatest hash-power migration in history. Due to the latest crackdown by China, some of the leading BTC mining companies are planning to shift their operations to other locations. The on-chain analysis...

Pro crypto U.S. Senator Cynthia Lummis invites bitcoin miners to her state.

Amid the ongoing crackdown in China, a lot of Bitcoin miners are shifting base to the U.S. The Republican U.S. Senator of Wyoming – Cynthia Lummis – has recently invited Bitcoin miners. The Republican Senator tweeted: "If you are...

Galaxy Digital CEO sees crypto miners’ migration out of China as a positive development.

As crypto miners are leaving China one after another following the country's crackdown on Bitcoin, Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development. Galaxy Digital CEO explained on Bloomberg...

Iran authorities seize 7,000 crypto mining machines at an illegal mining farm.

Authorities in Iran have reportedly seized 7,000 block reward mining machines at an illegal mining farm. This is the largest haul of mining machines in Iran and comes at a time when the country has implemented a ban on...

ASIC mining manufacturer Canaan plans to begin its first mining operation in Kazakhstan.

The NASDAQ-listed ASIC mining manufacturer Canaan Inc. plans to accumulate Bitcoin directly and optimize its revenue streams by expanding into self-hosted mining operations. The Chinese crypto mining hardware producer giant, which currently has a market cap of over $1.3...

Bitcoin rebounds after dropping below $30,000 overnight.

The world’s leading cryptocurrency bitcoin saw a strong price recovery in the last 12 hours as the total market capitalization of bitcoin reached $640 billion, a jump of approximately $100 billion from the recent lows. Yesterday, Bitcoin crashed below...

Bitcoin’s price drops as China continues its crackdown on crypto mining.

The price of the leading cryptocurrency bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining. Bitcoin fell 7% to a price of $32,801, dropping below $33,000 for the first time since June 8, according...

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Bitcoin soars above $40,000 as the crypto market cap is back above $1.6 trillion.

The price of the leading cryptocurrency bitcoin has initiated another leg up, resulting in charting a new two-month high...