Mining

Mike Novogratz – the CEO of Galaxy Digital – praised his company’s decision to purchase the bitcoin mining facility – Helios. The firm recently won the auction to acquire another cryptocurrency entity – the blockchain cybersecurity platform GK8.  ‘Long-Term Believers in BTC’ In a recent tweet, Novogratz justified the Helios’ acquisition with the fact that Galaxy Digital is a “long-term” believer in bitcoin. He also thinks lowest-cost BTC miners will prevail in the future,...

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Bitcoin mining giant Argo Blockchain has requested trading of its shares and unsecured notes on the NASDAQ stock exchange be suspended until December 28th. The company, which trades on both the NASDAQ and the London Stock Exchange (LSE), said that it wants to make an announcement before resuming its trade on Wednesday. The latest development comes just two weeks after Argo warned that it is at risk of holding “insufficient cash” to keep up with its operations in the next...

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Cybercrimes are increasing both in numbers and sophistication. The latest to find itself on the receiving end was the Bitcoin mining pool, BTC.com, which announced suffering a cyber attack on December 3rd. The perpetrators siphoned certain digital assets worth $700,000 owned by BTC.com’s clients and nearly $2.3 million in asset value owned by its parent firm, BIT Mining Limited. According to the official press release, the incident was reported to the Shenzhen law enforcement...

2022 has been a brutal year for the crypto investors market by the harsh crypto winter. It all started with the collapse of the TerraUSD algorithmic stablecoin, which prompted other major crypto players to fall like dominos: Three Arrows Capital. Voyager Digital, Celsius Network, FTX, BlockFi. Not one project, protocol, or institution exists that hasn’t felt the sting of contagion this year. Bitcoin futures volumes are hovering near multi-year lows owing to the tightening...

The Bitcoin-focused investment group, New York Digital Investment Group (NYDIG), released a report in September examining how Bitcoin’s protocol has managed to attract such wide adoption despite its tiny developer ecosystem.  Here are the highlights: The network, which launched in early January 2009, has only 40-60 monthly active developers, according to the report.  This is not a static bunch. 1,140 developers have contributed to Bitcoin over its lifetime, with 5 to 10 new...

Bitcoin-Mining ist der Prozess, bei dem Transaktionen in der Bitcoin-Blockchain validiert und bestätigt werden. Dabei werden neue Bitcoins geschaffen, wodurch das Angebot an Bitcoins erhöht wird. Das Mining von Bitcoins hat in den letzten Jahren enorm an Popularität gewonnen und ist heute eine lukrative Möglichkeit, an der Kryptowährung teilzuhaben. Aber wie funktioniert Bitcoin-Mining eigentlich und lohnt es sich noch, in das Mining von Bitcoins zu investieren? Der Prozess des Minings von...

Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt.  Owners of the company’s convertible notes are seeking a 97% acquisition of the firm in return for up to $75 million of debtor-in-possession financing.  Core Scientific’s Restructuring Plan As announced by the mining firm on Wednesday, the Ad Hoc Noteholder Group intends to provide $56 million to Core Scientific, with the remaining $19 million coming from...

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