Texas Regulator Spots Crypto Firm at Fraudulent COVID-19 Charity Claims
The Texas State Securities Board issues an emergency action against an alleged crypto mining scam making fraudulent COVID-19 charity claims Go to Source Powered by WPeMatico
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Crypto Mining Companies Promote Freedom of Speech in China
Major Chinese crypto mining companies launch a transparent information sharing platform to promote free speech Go to Source Powered by WPeMatico
Bitcoin Hash Rate Drop: Miners, the Halving and Coronavirus Suspected
The upcoming Bitcoin halving, miners’ capitulation and the coronavirus pandemic have all simultaneously affected the network’s hash rate. How long can it last, and what should we expect? Go to Source Powered by WPeMatico
BCH, BSV Block Halvings Will Force Miners to Bitcoin (BTC) — Report
Bitcoin will take miner resources away from Bitcoin Cash and Bitcoin SV next month, but the picture is far from rosy, warns Coin Metrics Go to Source Powered by WPeMatico
Riot Blockchain Expects a big Bitcoin Mining Deficit due to the Coronavirus
The global impact of the coronavirus crisis cannot be underestimated. It now even seems that the Bitcoin mining industry may face some challenges moving forward, in the eyes of Riot Blockchain. Bitcoin mining requires a set of specific conditions to be met. Riot Blockchain is Concerned As those conditions align, the profitability of the venture … Read more
Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History … Read more
Is Staking the Answer to Cryptocurrency’s Mining Problems?
Here’s how proof-of-stake chains, where the network is secured by staking, could help to solve today’s mining problems Go to Source Powered by WPeMatico
Huobi’s Mining Arm Records 547% Surge in Operating Revenue in 2019
Huobi’s mining arm recorded a 547% surge in operating revenue in 2019 after the business was launched in March 2018 Go to Source Powered by WPeMatico
Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan misled investors and the Securities and Exchange Commission (SEC) in regards to … Read more
New York Power Plant Mines $50,000 of Bitcoin a Day
A power plant in New York’s Finger Lakes region now mines about $50,000 of Bitcoin each day using the electricity it produces Go to Source Powered by WPeMatico