Cryptocurrency Mining

Huang Yiping, the former advisor to the People’s Bank of China (PBOC), has voiced concerns that China is losing next-gen fintech opportunities, that other parts of the world are already experimenting with. In Yiping’s opinion, opportunities in exploring the ‘very valuable’ blockchain technology.

Argo Blockchain is under several debts. Amid the ongoing crypto slump, the company has officially sold off its Texas-based mining facility to Galaxy Digital Holdings, a crypto-focussed fintech firm. The company will be using the funds from this sale to initiate and complete the repayments of the pending loans.

Core Scientific Inc will file for bankruptcy protection in Texas early on Wednesday morning but will not liquidate, the report published late on Tuesday said, adding that it will continue to operate normally.

A greenhouse near Amsterdam is using solar energy to mine Bitcoin, while using the heat generated from the miners to grow tulips. The system helps cut the reliance on gas, as prices increased after Russia's invasion of Ukraine. The greenhouse is also selling tulips online for bitcoin via a business called Bitcoinbloem.

Jack Dorsey’s digital payments firm Block has added funding to help an East African Bitcoin mining company, Gridless, to expand its green operations. Operating on small scale energy grids in the rural parts of Africa, Gridless is backed on renewable energy.

The authorities of US' Kentucky state are examining two contracts, that propose to provide electricity to BTC miners at discounted rates. The contracts have been extended to the Kentucky authorities by Kentucky Power and Ebon International LLC. For now, Kentucky’s stance on the contracts remains awaited.

New York is taking a step to tap the brakes on the spread of cryptocurrency mining, under legislation that Governor Kathy Hochul signed Tuesday. The measure comes amid growing scrutiny of the cryptocurrency industry following this month’s collapse of the FTX exchange.

Founders of the Bitcoin cloud miner platform HashFlare were arrested in Estonia this week for alleged wire fraud and money laundering. Sergei Potapenko and Ivan Turõgin, the creators behind HashFlare, were charged by the US District Court in Seattle for reportedly running a cryptocurrency fraud scheme and scamming investors.

Australia’s Arkon Energy has managed to raise $28 million (roughly Rs. 228 crore) to expand its eco-friendly BTC mining operations. The company extracts renewable power trapped in electricity markets to sustainably lower its costs.

Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power...

Grayscale, the US-based crypto asset management firm, has decided to take advantage of the low prices surrounding the crypto mining industry. The New York City-based firm aims to pivot its services from just direct digital asset exposure to diversified thematic products, and now infrastructure.

Binance crypto exchange and Kazakhstan’s Financial Monitoring Agency have teamed-up to co-develop the next phase of the crypto sector. Its hub in Kazakhstan will usher this effort in the region, that houses a big number of crypto miners. Back in May, Binance CEO Changpeng Zhao had met with Kazakhstan president Kassym-Zhomart Tokayev to discuss We...

Bitcoin has made slim gains in the use of green energy, or sustainable energy this year, according to research by Cambridge University. Fossil fuels made up some 62 percent of Bitcoin's energy mix in January 2022, the latest data available, versus 65 percent a year earlier, as per the Cambridge Bitcoin Electricity Consumption Index (CBECI). The stu...

Vitalik Buterin, the co-founder of Ethereum has named Dogecoin and ZCash as the next crypto projects that can transition from their energy-consuming mining model, to energy efficient PoS system. These are based on Litecoin and Bitcoin blockchains respectively, both of which use the PoW mining model.

The global crypto market cap rose by nearly 5 percent in the last 24 hours, after which majority cryptocurrencies opened with profits today. From BTC and ETH to Tether and Dogecoin among others, majority altcoins saw gains. Only a few altcoins like Gas and Husky saw losses. Meanwhile, the market cap of the crypto sector remains slightly below the t...

Huang Yiping, the former advisor to the People’s Bank of China (PBOC), has voiced concerns that China is losing next-gen fintech opportunities, that other parts of the world are already experimenting with. In Yiping’s opinion, opportunities in exploring the ‘very valuable’ blockchain technology.

Argo Blockchain is under several debts. Amid the ongoing crypto slump, the company has officially sold off its Texas-based mining facility to Galaxy Digital Holdings, a crypto-focussed fintech firm. The company will be using the funds from this sale to initiate and complete the repayments of the pending loans.

Core Scientific Inc will file for bankruptcy protection in Texas early on Wednesday morning but will not liquidate, the report published late on Tuesday said, adding that it will continue to operate normally.

A greenhouse near Amsterdam is using solar energy to mine Bitcoin, while using the heat generated from the miners to grow tulips. The system helps cut the reliance on gas, as prices increased after Russia's invasion of Ukraine. The greenhouse is also selling tulips online for bitcoin via a business called Bitcoinbloem.

Jack Dorsey’s digital payments firm Block has added funding to help an East African Bitcoin mining company, Gridless, to expand its green operations. Operating on small scale energy grids in the rural parts of Africa, Gridless is backed on renewable energy.

The authorities of US' Kentucky state are examining two contracts, that propose to provide electricity to BTC miners at discounted rates. The contracts have been extended to the Kentucky authorities by Kentucky Power and Ebon International LLC. For now, Kentucky’s stance on the contracts remains awaited.

New York is taking a step to tap the brakes on the spread of cryptocurrency mining, under legislation that Governor Kathy Hochul signed Tuesday. The measure comes amid growing scrutiny of the cryptocurrency industry following this month’s collapse of the FTX exchange.

Founders of the Bitcoin cloud miner platform HashFlare were arrested in Estonia this week for alleged wire fraud and money laundering. Sergei Potapenko and Ivan Turõgin, the creators behind HashFlare, were charged by the US District Court in Seattle for reportedly running a cryptocurrency fraud scheme and scamming investors.

Australia’s Arkon Energy has managed to raise $28 million (roughly Rs. 228 crore) to expand its eco-friendly BTC mining operations. The company extracts renewable power trapped in electricity markets to sustainably lower its costs.

Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power...

Grayscale, the US-based crypto asset management firm, has decided to take advantage of the low prices surrounding the crypto mining industry. The New York City-based firm aims to pivot its services from just direct digital asset exposure to diversified thematic products, and now infrastructure.

Binance crypto exchange and Kazakhstan’s Financial Monitoring Agency have teamed-up to co-develop the next phase of the crypto sector. Its hub in Kazakhstan will usher this effort in the region, that houses a big number of crypto miners. Back in May, Binance CEO Changpeng Zhao had met with Kazakhstan president Kassym-Zhomart Tokayev to discuss We...

Bitcoin has made slim gains in the use of green energy, or sustainable energy this year, according to research by Cambridge University. Fossil fuels made up some 62 percent of Bitcoin's energy mix in January 2022, the latest data available, versus 65 percent a year earlier, as per the Cambridge Bitcoin Electricity Consumption Index (CBECI). The stu...

Vitalik Buterin, the co-founder of Ethereum has named Dogecoin and ZCash as the next crypto projects that can transition from their energy-consuming mining model, to energy efficient PoS system. These are based on Litecoin and Bitcoin blockchains respectively, both of which use the PoW mining model.

The global crypto market cap rose by nearly 5 percent in the last 24 hours, after which majority cryptocurrencies opened with profits today. From BTC and ETH to Tether and Dogecoin among others, majority altcoins saw gains. Only a few altcoins like Gas and Husky saw losses. Meanwhile, the market cap of the crypto sector remains slightly below the t...