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...
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...
Quick take: Crypto analyst Timothy Peterson, explains that the supply of Bitcoin is shrinking on a daily basis He estimates that a total of 1,500 BTC is lost per day compared to about 900 BTC mined The maximum number of Bitcoin that will ever be in circulation is around 14...
Summary: Bitcoin miners sold an estimated 14,600 BTC in June. This amount was a 400% increment from May. Continuous selling of BTC by Bitcoin miners is hinting at capitulation. According to JP Morgan, Bitcoin production cost could have dropped to $13k, signaling possible more pain for BTC in the crypto...
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...
The bitcoin mining industry in Texas remains undeterred amid growing concerns over the industry's rising power consumption. Power consumed by bitcoin miners went up 75% last year.
Foundry, the Bitcoin mining firm owned by the Digital Currency Group (DCG), has informed its clients that it will stop offering free services to its clients starting April 19, 2023.
Texas-based bitcoin mining firm Core Scientific has signed three new hosting contracts to host nearly 18,000 mining rigs. The company's stock surged by 7% following the news of the new contracts.
The SEC reportedly subpoenaed Marathon Digital Holdings last month in relation with the Bitcoin mining giant’s data center facility based in Hardin, Montana.
Summary: Tether plans to tap into Uruguay’s renewable energy ecosystem and mine Bitcoin (BTC), crypto’s largest token by market cap. The digital payment company is looking to diversify its operations after solidifying USDT’s position as the top stablecoin with an 83 billion token supply. Tether recently started buying Bitcoin with...
Bitcoin miner Marathon Digital mined 77% more Bitcoin in May 2023 as compared to the previous month. The surge in mining output was attributed to increase in hash rates and transaction fees.
