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“# Jack Dorsey’s Square commits $10M to green energy for Bitcoin mining ” On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030. As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims “to support companies that help drive adoption and…
“# Oldest Bitcoin mining pool ‘immortalizes’ bullish Reuters headline ” Slush Pool, the world’s oldest mining pool, put a Reuters’ headline about Bitcoin’s 2020 bull run in a block on Dec. 2. “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak” is now part of Bitcoin block number 659678. Announcing the news on Twitter, Slush Pool said that…
“# Authorities shut off electricity to Bitcoin miners in China’s Yunnan province ” Local sources report that authorities from the city of Baoshan in the Chinese province of Yunnan are escalating efforts to crack down on Bitcoin miners, ordering electricity producers to cease supplying power to the city’s miners. On Nov. 30, Chinese crypto reporter…
“# This Bitcoin mining company’s stock is in free fall following Q3 loss ” The stock of one of China’s “big 3” mining firms is in free fall Monday after reporting another quarterly loss, underscoring the operating challenges imposed by COVID-19. Canaan Creative, which manufactures mining rigs, released its third-quarter financial results Monday. The company…
“# Justice Department extradites alleged BTC mining ponzi operator from Panama ” Per a Monday announcement, the U.S. Department of Justice and the Southern District of New York have extradited a leader of alleged ponzi scheme AirBit Club from Panama. Gutemberg Dos Santos is one of six operators of AirBit Club indicted, and the last…
“# Bitcoin mining difficulty approaches ATH as price stabilizes above $18K ” The price of Bitcoin has reached a two-year high of more than $19,000 and fallen below $17,000 more than once in the span of a week as mining difficulty continues to rise. According to on-chain analytics provider Glassnode, Bitcoin (BTC) mining difficulty increased…
“# Democratizing Bitcoin’s hashrate takes center stage at mining summit ” Bitcoin (BTC) mining continues to ramp up following the successful May 11 halving, but growing industry concentration could undermine the “democratization of hashrate,” according to a panel presentation at this year’s Mining and Investment Summit. Hosted by Matrixport and sponsored by Bitmain, the 2020 Mining…
“# With share price outpacing Bitcoin, Riot Blockchain appoints new director ” Last week, as share prices ripped upwards of 50% to levels not seen since the 2018 cryptocurrency bullrun, Riot Blockchain (NASDAQ: RIOT) appointed former director of the listing committee for the Toronto Stock Exchange Hubert Marleau to the Riot board of directors. The…
“# Bitcoin mining revenue hits yearly high, after return to pre-halving levels ” Key on-chain metrics such as Bitcoin mining revenues have returned to pre-halving levels according to recent research. Data from analytics provider, Glassnode, suggests that revenue from Bitcoin mining is now back at the same levels it was as when block rewards were…
“# $2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined ” From Oct. 15 to Nov. 15, Bitcoin (BTC) exchange outflows dropped from 2.5 million to 2.355 million, the lowest levels since August 2018. Approximately 145,000 BTC, worth $2.35 billion at a price point of $16,200, moved out of exchanges. Bitcoin exchange…