Mining

On-chain analytics platform Nansen has released a report examining the aftermath of the controversial LIBRA token. Its findings indicate that 86% of traders who bought the cryptocurrency collectively lost about $251 million, while a select group of winners walked away with at least $180 million in profits. A Rapid Rise and Fall LIBRA debuted on Valentine’s Day, gaining instant traction after Argentine President Javier Milei appeared to endorse it in a post on X that has since...

Bitcoin network activity has fallen to its lowest level in a year as demand for the leading digital asset remains low. A report from the on-chain analytics platform CryptoQuant has revealed that the Bitcoin Network Activity Index, which measures the growth across major metrics like active addresses, number of transactions, and block size, is down 17% from its November 2024 record high. Bitcoin Network Activity in Negative Trend The network activity index is currently at...

What does the future hold for Pi Network (PI), the crypto you can mine on your phone? With over 60 million users worldwide, buzz is building around its mainnet launch as investors turn to ChatGPT and DeepSeek for price outlook. But could Solaxy (SOLX) offer better price prospects? ChatGPT Expects a Pi Network Price Surge After Mainnet Launch Pi Network is making headlines this week. Launched in 2019 by a team of Stanford PhDs, the project has attracted a massive following...

About The Book:Your Money and the World: How to Spend, Save, Donate and Invest Sustainably. Winner of the SKBI Prize for Sustainable Finance Literacy as part of the Money Awareness and Inclusion Awards (MAIA). Cecile Biccari, sustainable investment expert helps young readers understand how money works—and how spending, saving, donating and investing can change the world. Financial literacy is an important skill in life. At around the age of seven, children develop attitudes and beliefs about...

About The Book:Your Money and the World: How to Spend, Save, Donate and Invest Sustainably. Winner of the SKBI Prize for Sustainable Finance Literacy as part of the Money Awareness and Inclusion Awards (MAIA). Cecile Biccari, sustainable investment expert helps young readers understand how money works—and how spending, saving, donating and investing can change the world. Financial literacy is an important skill in life. At around the age of seven, children develop attitudes and beliefs about...

The Russian government has extended its winter ban on local crypto mining operations to six years as energy consumption in the country rises to alarming levels. About a month ago, the government ordered crypto mining entities to pause their operations for the winter season. However, the ban has now been extended. According to a report from local media Tass, the Russian Cabinet of Ministers has banned crypto mining, including local participation in mining pools, in select...

Bo Hines appointed Executive Director of Crypto Council, leading efforts to shape digital asset policies and foster industry growth. In a major development, Elected president Donald Trump has announced the formation of the “Crypto Council.” The new group will play a role in determining policies for the sector of digital assets. On December 22, Trump confirmed the news in a post on Truth Social. David Sacks will work alongside Bo Hines as the newly appointed AI and Crypto Czar. The Crypto...

Cardano’s blockchain technology is set to revolutionize the Argentine lithium industry through an agreement with three players in the sector: Atómico 3, Zengate, and Alto Grande. The collaboration will introduce the world’s first lithium tokenization project, a disruptive initiative scheduled for launch in Q1 2025. Mechanics of Tokenization According to local reports, the project will use blockchain technology to convert the property rights of lithium into digital tokens....

Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In November, the company extracted 363 BTC, worth about $36 million, without liquidating any assets, positioning it as one of the top players in the global Bitcoin mining industry. Cango Joins BTC Mining Bigwigs According to The MinerMag, the move makes Cango the fifth-largest public...

Riot Platforms boosts its Bitcoin holdings by purchasing 5,117 BTC for $510 million, reflecting growing institutional confidence in Bitcoin. Bitcoin mining company Riot Platforms has made a major acquisition, purchasing 5,117 bitcoins between December 10 and December 12, 2024. The average price of the Bitcoins was $99,669, which led to the total cost of the purchase of about $510 million. Therefore, the overall number of bitcoins Riot has accumulated has risen to 16,728 as of December 12,...