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“# Analyst: Chinese New Year could drive Bitcoin selling pressure ” The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the Bitcoin (BTC) price and drive sell-offs on the market, according to a recent analysis. Per a Jan. 28 report by cryptocurrency investment firm Stack Funds, the ongoing selling…
“# Bitmain’s Antminer says Bitcoin rig sales won’t be affected by CEO departure ” Bitcoin (BTC) mining rig manufacturer Bitmain has issued a notice to customers stating that business operations will resume as normal in light of former chairman and CEO Jihan Wu’s departure from the company. Orders of Bitmain’s ASIC mining rigs were previously…
“# Bitmain CEO announces departure in the most crypto way ” The power struggle between Bitmain co-founders Micree Zhan and Jihan Wu appears to be at an end. In a tweet on January 26, Wu announced his decision to step down from the company. The now former CEO and Chairman of Bitmain sent out an…
“# Digital Currency Group’s crypto mining arm enters top 10 global mining pools ” Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm’s CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break…
“# Driving to the moon? HODLer installs portable mining rig in BMW ” Crypto enthusiast Simon Byrne has taken crypto mining out of the garage and onto the road after installing a small farm in the trunk of his car. According to a report from Hardware Times, Byrne purchased a BMV i8 hybrid vehicle retailing…
“# Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining ” Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin…
“# Amid blackouts and police raids, Iran weighs benefits of Bitcoin mining ” As blackouts and police raids roil the upstart Iranian Bitcoin mining industry, a match between a permissionless currency and a country throttled by inflation that once seemed like a perfect fit is now being called into question. As Cointelegraph has previously reported,…
“# Bitcoin miners facing chip shortage amid skyrocketing demand ” A chip shortage is significantly affecting the Bitcoin mining hardware distribution chain, according to Reuters on Jan. 22, Indeed, Bitmain — one of the major Bitcoin miner makers — has seen its inventory sold out until August 2021, according to information on its website. Apart from…
“# Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit ” Bit Digital (BTBT), a Bitcoin mining company traded on the NASDAQ stock exchange, is the subject of a class-action lawsuit that alleges the company fabricated the extent of its Bitcoin (BTC) mining operations. According to the lawsuit which was filed in…
“# Bitcoin’s biggest mining pool may be behind the BTC price drop, but buyers stepped in ” Bitcoin (BTC) fell to lows of $28,950 on Jan. 22 thanks to miners likely selling huge amounts of their holdings — but big buyers made sure that the dip was minimal. According to data from on-chain monitoring resource…