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“# Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China ban ” Bitmain, the cryptocurrency infrastructure company behind the Antminer brand, will temporarily halt the sale of mining machines to help secondary sellers offload their supplies following China’s wholesale ban on Bitcoin (BTC) mining. The suspension of new Antminer sales will begin immediately,…
“# Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint ” Gemini, a major cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is responding to Bitcoin’s (BTC) environmental issue by purchasing carbon credits. On Thursday, the company announced its long-term initiative to incorporate climate-conscious measures into its business, launching a collaboration with Climate Vault, a…
“# Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply ” Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on the crypto mining activity by local authorities. According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its…
“# Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown ” Major Chinese cryptocurrency miner provider Canaan has posted an update on its crypto mining business in Kazakhstan amid an ongoing crackdown on Bitcoin (BTC) mining in China. Canaan announced Monday that the company has rolled out its own crypto mining business…
“# Chinese Bitcoin miners ‘not even in the mood to drink anymore’ ” China, once home to about 65% of the total Bitcoin (BTC) mining hash power has given the boot to several miners in the country. The country’s Bitcoin mining ban means miners have been forced to shut down their operations with some establishments…
“# US miner raises $105M to recycle waste coal into crypto ” The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million. According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy…
“# Bitcoin price clings to $32K as on-chain metrics hint at further downside ” Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but…
“# With crypto mining banned in Iran, local authorities seize 7K rigs ” Iranian provincial police are continuing their crackdown of crypto miners big and small with the news they have confiscated more than 7,000 rigs at a farm operating in the capital of Tehran. According to a Tuesday report from the country’s state-run media,…
“# Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan ” BTC.com — a major crypto mining pool that is operated by BIT Mining and owned by the NYSE-listed Chinese lottery service provider 500.com — has announced the successful relocation of its first batch of mining machines to Kazakhstan. BTC.com was founded by Jihan…
“# China’s crackdown means Bitcoin is working, says crypto miner ” China’s crackdown on Bitcoin (BTC) mining and cryptocurrency trading recently became a primary driver for the red candlesticks on crypto market charts. But one Bitcoin mining engineer believes China’s ban on crypto is “fantastic news.” Brandon Arvanaghi, a former security engineer at crypto exchange…