Core Scientific
Summary: Lawyers representing the Bitcoin miner said the company was losing north of $53,000 daily due to a hosting agreement with Celsius. The company will shutter hosting services for 37,000 Bitcoin mining rigs owned by the defunct crypto lender. Both companies filed for bankruptcy following a harsh year for crypto...
Zilliqa's New Tipping Bot Avails ZIL to 400M Telegram Users 13
In brief: Tipping in cryptocurrency has long been used to express gratitude on social media platforms such as Reddit, Twitter and Telegram. The team at Zilliqa launched a tipping bot allowing users of Telegram to tip each other in ZIL. The messaging platform reached a new milestone of 400 Million...
Binance Launches Mining Pool, Focusing First on Bitcoin (BTC) 15
In brief: Binance has launched a new Mining Pool service.  The mining pool will support Proof of Work and Proof of Stake blockchain protocols. However, its first focus will be Bitcoin (BTC).  The crypto exchange of Binance continues on its mission of building and providing its loyal users with superior...
Ripple Highlights the Sustainability of XRP to Celebrate Earth Day 17
In brief: Earth Day was celebrated on the 22nd of April. Global pollution levels have dropped drastically due to lockdowns to curb the spread of COVID19. The team at Ripple highlighted the efficiency of XRP. Yesterday, April 22nd, was the 50th Earth Day celebration. Previous events have been celebrated by...
Chinese Media: Inner Mongolian Government to Restrict Bitcoin Mining 18
Crypto Mining Crackdown in Inner Mongolia Reports from China-centric crypto news outlet ChainNews have suggested that Inner Mongolia, an autonomous region of China, is looking to curb Bitcoin mining and similar industries in the region. The article spotted by Dovey Wan, a prominent venture capitalist based in China, states that...
Bitcoin Hash Rate Hits Fresh High as China Floods Wreak Havoc on Mines 20
Crypto Miners Wiped Out in Chinese Flood While Bitcoin is a digital technology, natural disasters still affect this nascent ecosystem. Poolin, a prominent cryptocurrency mining pool, recently posted an image on Twitter of a flood “DEVASTATING” a mining farm in the Sichuan region of China. Red Li, the co-founder of...