Mining

The U.S. Department of Justice (DoJ) has extradited a principal member of a fraudulent cryptocurrency mining and trading platform from Panama to the United States.AirBit Club Co-founder to Face Criminal Charges in the U.S.According to an announcement by the acting U.S. attorney for the Southern District of New York, Audrey Strauss, U.S. authorities were able to extradite Gutemberg Dos Santos, co-founder of crypto Ponzi scheme AirBit Club.Dos Santos, who holds dual citizenship from Brazil and...

Chinese Bitcoin mining firm Canaan has recorded a loss in yet another quarter but is showing positive signs of a recovery as share price and market capitalization spikes. Following a disappointing initial public offering (IPO) last year and declining inventory sales, the company has seen the balance of power shift considerably to major competitors MicroBT and Bitmain.$12.7 Million Loss for Q3 2020Bitcoin miner maker Canaan has reported a 75.7% year-on-year (YOY) decline in net revenue as part...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1024. Im heutigen Video geht’s um folgende Themen: Bitcoin Mining Difficulty steigt, Guggenheim plant BTC Investment durch Grayscale Bitcoin Trust & Raoul Pal verkauft all sein Gold gegen Bitcoin. [embedded content] 1.) Bitcoin mining difficulty approaches ATH as price stabilizes above $18Khttps://cointelegraph.com/news/bitcoin-mining-difficulty-approaches-ath-as-price-stabilizes-above-18k 2.) Guggenheim plant Investment in BTC...

Bitcoin lost nearly $3,000 in a few hours, resulting in a price below $17,000. From OKEx opening withdrawals, the US supposedly eyeing additional restrictive regulations and increased exchange inflows, here are a few reasons for which this might have happened.#1: OKEx Resumes Withdrawals: Chinese Traders Can Realize Mining ProfitsOKEx is one of the leading cryptocurrency exchanges in the Asian markets. As CryptoPotato reported earlier in October, the founder of the exchange was reportedly...

With China making significant strides in crypto and blockchain development, the US Intelligence apparatus is reportedly worried about the US falling far behind its current economic rival.From crypto mining to central bank digital currencies (CBDCs), there is a popular narrative that Beijing controls vast swaths of the emerging digital economic landscape. A dismissal of the value proposition of digital assets has seen the US seemingly far behind the curve in terms of crypto innovation.Crypto...

With Bitcoin supply diminishing over time and mining difficulty on the rise amid heightened demand, the asset is poised to skyrocket further in the coming months.Bitcoin is really close to its ATH market price as it has just crossed $19,000. The coin is trading at around $19,201.39 after rallying over 1.2% in the past one hour. Apparently, the asset is less than 3% shy of its all-time high achieved during the 2017/2018 bull rally.According to the data provided by CoinGecko, Bitcoin price is...

When Bill Harris, former CEO of PayPal, described Bitcoin as “the greatest scam in history” in an article for Vox, the last thing that would come to his mind was the role his company would play in the global adoption of this cryptocurrency.This was in 2018, just when Bitcoin was on a major bearish trend. The bubble —as Harris described it— exploded. But things changed, a new CEO replaced Harris and Bitcoin’s price slowly recovered. Well, slowly until PayPal jumped on the Bitcoin...

1inch said that there will be no vesting schedule and that its liquidity providers will be able to collect their rewards once the 1INCH token has been issued.Decentralized exchange aggregator 1inch has launched the stage 2 of its liquidity mining program, with the rollout of increased incentives for its liquidity providers. According to a press release shared with Coinspeaker, the DEX aggregator launched this second phase of its liquidity mining program based on the feedback it got from its...

Après Poolin, Slush Pool et BTC.com, trois nouvelles « mining pools » signalent aujourd’hui leur soutien à l’intégration de Taproot : F2Pool, AntPool et Luxor. L’ensemble représente désormais 45% de la puissance de hachage du réseau. Il en faudra cependant davantage encore car les deux deux modes d’activation envisagés nécessitent une adhésion de 95% de la puissance de hachage. En dessous de ce...

China Construction Bank – one of the largest financial institutions in the country – is unveiling its new funding plan that will potentially allow the firm to raise more than $3 billion from bond sales. What’s the big clincher? People will be able to purchase these bonds with bitcoin and other forms of crypto.China Bank Sees Bitcoin as a Potential ToolChina has had a very odd relationship with bitcoin and its altcoin cousins. On the one hand, bitcoin has potentially surged so much because the...