Mining

As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is driven by the need to maintain profitability due to reduced mining rewards and escalating operational costs. US Bitcoin Miners Prepare for Halving According to a Bloomberg report, approximately 6,000 aging Bitcoin mining machines are set to be decommissioned in the U.S., with...

Ripple’s price has been trending lower against BTC and consolidating against USDT. While XRP has been underperforming over the last few months, investors can still be optimistic as significant support levels are available. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, the XRP price has been steadily declining since failing to break through the $0.7 resistance level. However, support has been found to be around $0.6, preventing further drops. Should...

Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC funds. The Bitcoin Laundering Case Wen was found with Bitcoin valued at over £2 billion, which she had been involved in converting into assets such as multi-million-pound...

CoinspeakerAvalanche Foundation Announces $1M Mining Incentive Memecoin Rush Program to Improve Ecosystem Liquidity Avalanche will off $1 million in incentives via the Memecoin Rush program to improve liquidity and general accessibility of community coins. Avalanche Foundation Announces $1M Mining Incentive Memecoin Rush Program to Improve Ecosystem Liquidity

Avalanche Foundation, the non-profit organization behind the Avalanche ecosystem, has launched the first phase of a $1 million liquidity mining incentive program dubbed Meme Coin Rush. According to an announcement seen by CryptoPotato, the first phase has been kicked off with participation from liquidity management and decentralized market-making platform SteakHut and decentralized exchange Trader Joe. Avalanche Begins Memecoin Rush Meme Coin Rush was created to help scale...

Bitcoin mining firm Core Scientific announced that total revenue for fiscal year 2023 amounted to $502.4 million, reflecting a decrease of $137.9 million or 22% from the $640.3 million recorded in the previous year. Core Scientific said that it had successfully mined 19,274 BTC (valued at approximately $1.4 billion) during 2023 despite undergoing bankruptcy. Core Scientific Reports Revenue Fall According to the official press release, the decline in total revenue stemmed...

According to a recent report by the Wall Street Journal (WSJ), the U.S. Treasury Department is investigating $165 million worth of cryptocurrency transactions that might have supported Hamas, the Palestinian militant group. Deputy Treasury Secretary Adewale Adeyemo signed a letter revealing these findings based on examining suspicious activity reports submitted between January 2020 and October 2023. Treasury Deputy Pushes for Legislation Adeyemo’s letter, addressed to the...

[PRESS RELEASE – Tbilisi, Georgia, March 15th, 2024] In the ever-evolving digital landscape, Helium mining emerges as an opportunity for users looking to delve into the realm of cryptocurrency through a unique avenue: the Internet of Things (IoT). Helium Farm stands at the forefront of this innovative frontier, offering a chance to earn Helium (HNT) rewards while not maintaining any devices. What is Helium Mining ? Helium mining with Helium Farm introduces a seamless entry...

Cloud mining is widely praised for its ease of use and is suitable for both expert traders and newcomers to the cryptocurrency world. Compared to the hands-on approach required for traditional mining, where equipment must be invested and managed, cloud mining is conducted through off-site data processing centers. Some of the main properties are highlighted below: Remote Mining: Cloud mining gives the ability to mine Bitcoin from any location around the world,...

Bitcoin mining earnings reached their highest-ever level recently, coinciding with the ongoing surge in the value of the leading crypto asset. According to the figures compiled by CryptoQuant, miners made a daily revenue of $78.6 million on March 7, surpassing the previous record set during the peak of the crypto boom in April 2021. Miners accrue income through both newly minted coins for verifying and recording transactions on the blockchain and through transaction fees paid...