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“# Tiny Bitcoin miner defies massive odds to solve a valid block ” A single Bitcoin miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts. The lucky miner, who may have been mining on just…
“# Bitcoin price bounces to $41.5K, but derivatives data shows traders lack confidence ” Bitcoin (BTC) briefly reached its lowest level in five months this Monday at $39,650, marking a 42.6% drawdown from the all-time high present on Nov 22, 2022. Some argue that a “crypto winter” has already begun citing the $2.1 billion leverage-long…
“# Bitfarms purchased more than $43M in Bitcoin to start the new year ” Canadian crypto mining firm Bitfarms has already bought 1,000 Bitcoin in 2022, making its total holdings of the crypto asset more than $177 million. In a Monday announcement, Bitfarms said it purchased 1,000 Bitcoin (BTC) for $43.2 million in the first…
“# Kosovo police seize 300 crypto mining machines amid electricity shortages ” The police in Kosovo have ramped up their efforts to crack down on crypto miners in the country, confiscating more than 300 mining machines on Jan. 8 alone. An announcement issued by the Kosovo police on Jan. 8 revealed that it had seized…
“# Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report ” Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet. BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year,…
“# Mozilla backflips on accepting crypto after ‘planet incinerating’ backlash ” The Mozilla Foundation has put cryptocurrency donations on hold following a community backlash sparked by trenchant criticism from co-founder Jamie Zawinski. Last week the development company behind the Firefox browser tweeted an appeal for donations in cryptocurrency. But earlier today, Mozilla announced it had…
“# Crypto Biz: The Rise of the Bitcoin Treasury, Dec. 30–Jan. 6 ” The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive…
“# Top Bitcoin mining country Kazakhstan turns off internet amid protests ” Kazakhstan, which boasts the second-largest (BTC) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests. Network data provider NetBlocks reported Wednesday that Kazakhstan was “in the midst of a nation-scale internet blackout after a day of mobile…
“# Kosovar government halts crypto mining amid power crisis ” The government of Kosovo has ceased crypto mining in the country owing to power constraints during the winter season. Kosovo’s Minister of Economy, Artane Rizvanolli, has decided to stop crypto mining following a recommendation from the Technical Committee on Emergency Measures for Energy Supply, according to…
“# Bitcoin network turns 13, celebrates with new hash rate all-time high ” Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for the first time mined a reward of 50 BTC back on Mon, 2009. Fast-forward to 2022, the BTC…