Bitcoin Mining

More than 55% Bitcoins ending in delivery; long term investors holding BTCUSD

Bitcoin survived the Death Cross pattern formed on the four-hour timeframe earlier. The consolidation and the indecisiveness proved to be beneficial for BTCUSD. US benchmark index, the Dow Jones Industrial Average or DJX, gave a good start to the final...

Kazakhstan expects to attract $738 million worth investment in crypto in the next three years.

According to the Astana Times report, Kazakh Minister of Digital Development, Innovation and Aerospace Industry Askar Zhumagaliyev said that Kazakhstan is making plans to attract 300 billion tenge worth $738.4 million of investments in the next three years from...

Bitcoin block reward miners are selling BTC more than they are processing post-halvening.

Bitcoin block reward miners generated 6063 new tokens but sold 6,945 BTC between May 26 and June 2. This indicates that BTC block reward miners believe the fiat they receive from the sale of their BTC is more valuable...

Chinese police bust an illegal bitcoin mining operation

Chinese law enforcement discovered an illegal Bitcoin mining operation that was being run under multiple underground burial sites. According to the local news outlet Beijing News report, law enforcement found an illicit mining operation in the northern Chinese city of...

The bitcoin mining pool Poolin partners with the US-based crypto lender BlockFi.

The bitcoin mining pool Poolin announced Monday that it has started working with the US-based crypto lender BlockFi, acting like an interbank lender and providing a source of capital for Poolin. The firm initially rolled out crypto lending offerings...

Chinese bitcoin mining giant Bitmain launches sale of 84 TH/s Antminer T19.

Bitcoin mining machine manufacturer giant Bitmain launched the sale of its latest ASIC-based SHA-256 miner, the Antminer T19. According to the official announcement from Bitmain, the Antminer T19 is the third model released from the latest generation of Antminers...

Crypto asset management firm Grayscale has increased bitcoin buying speed since the third halvening.

The crypto asset management company, Grayscale Investments, has increased its Bitcoin buying speed in the past few weeks. According to a researcher, the firm’s accumulation levels have surged to about 150% of the freshly mined coins since the third...

Regulators in China’s Sichuan order crypto mining companies to shut down in an orderly manner

Regulators in China's Sichuan region have sent a notice to all crypto businesses within their jurisdiction end to all mining and mining-related activities in an orderly manner. Municipal administrators and subordinate offices in the region have also been directed...

Bitcoin mining machine maker Canaan reports $5.6 million net loss in Q1 of 2020.

The Chinese company Canaan cut prices of its ASIC-based bitcoin mining machines by nearly 50% to improve sales, but it wasn't enough to prevent the heavy loss. The demand for bitcoin mining rigs slumped as the coronavirus pandemic disrupted...

Bitcoin records an all-time high hash rate on the halvening day

The leading cryptocurrency on its halvening day recorded an all-time high hash rate. This is the third time that the mining reward was reduced to cut the supply of new coins being created. The price of bitcoin stumbled over...

Latest News

Cash shortage leads to increased demand for crypto in Cuba.

The COVID-19 pandemic has had a devastating impact on the economies across countries as people continue to remain cautious...