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“# Same price, different Bitcoin: How fundamentals changed from 2017 ” As Bitcoin (BTC) keeps hitting new all-time highs past $20,000, its network fundamentals paint a different picture compared to the previous 2017 bull run. Three years ago, on this very day, Bitcoin reached its first major all-time high of $20,000, recording up to 2,000%…
“# Why this Montana crypto miner refuses to pay a $3.7M power bill ” Project Spokane, a Montana-based mining firm that has been sued by tribal-owned electricity company Energy Keepers Inc. for $3.7 million in unpaid power bills, claims the debt is not its responsibility. On Dec. 14, Project Spokane requested that a Montana federal…
“# ‘Not a good signal’ — Bitcoin miner sell-off risk hits highest in 3 years ” Bitcoin (BTC) miners appear to be selling large amounts of BTC once again. Data from CryptoQuant shows that the BTC Miners’ Position Index — a metric tracking the ratio of BTC leaving miners’ wallets — achieved a three-year high….
“# 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…
“# One of Pakistan’s four provinces urges federal gov’t to legalize crypto ” The assembly of Khyber Pakhtunkhwa, a province in northwestern Pakistan, has become the first legislative assembly to call for changes in the country’s stance toward cryptocurrencies. As previously reported, Pakistan has, to date, been relatively slow to introduce new frameworks for digital…
“# 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…
“# Bitmain reportedly cuts off funding to Bitcoin Core developers ” Bitmain, one of the world’s largest Bitcoin (BTC) miner producers, has reportedly halted its funding for some primary developers maintaining Bitcoin-related software. Jonas Schnelli, a major Bitcoin Core contributor and maintainer, claimed that Bitmain halted its support after funding his efforts for more than…
“# 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…
“# Venezuelan army starts mining Bitcoin to make ends meet ” The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses various…
“# 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…