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“# 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…
“# Ethereum Classic plans ‘Thanos’ hard fork to restore mining with older GPUs ” Ethereum Classic (ETC) is planning to execute the Thanos hard fork, an upgrade that would ensure several more years of mining functionality for graphics cards with 4 gigabytes of RAM. The upgrade, scheduled for block 11,700,000 — set to be mined…
“# 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…
“# Jumping into the pool: How to earn a profit mining Bitcoin and Ether ” For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant increase in the prices of cryptocurrencies. At the beginning of 2020, Ether (ETH)…
“# 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…
“# Bitcoin’s market cap surpasses Nvidia at over $336B ” Amid a meteoric bull run in the cryptocurrency market, Bitcoin (BTC) is overtaking another major American company in terms of market capitalization. As Bitcoin price briefly crossed the $18,000 threshold on Nov. 18, Bitcoin’s market cap surged above $336 billion, outstripping the market cap of…
“# Taxman gets the boot: Bitcoin Cash Node emerges as victor of hard fork ” The Bitcoin Cash network just went through yet another fork after originally being created as a hard fork from the Bitcoin (BTC) blockchain in August 2017. The hard fork on Nov. 15 split the Bitcoin Cash network into two new…
“# The rise of major Bitcoin mining institutions is inevitable ” There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into…