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Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’

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Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 … Read more

Basketball Players in Canada to Be Paid in Bitcoin

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CEBL, the Canadian men’s basketball league, will offer its professional basketball players the option to receive a portion of their salary in cryptocurrency. The new payment option has been enabled through a partnership with the Canadian cryptocurrency exchange Bitbuy. Bitbuy to Convert Canadian Dollar Salaries Into Bitcoin The Canadian Elite Basketball League (CEBL) announced the … Read more

Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week

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The mining company Bitfarms has revealed the firm will commence trading on Nasdaq Global Select Market starting on June 21. The firm claims to process 1% of the global hashrate and with “99% green hydroelectricity.” Bitfarms Renewable Operations to List on Nasdaq Global Select Market The Canadian bitcoin mining firm Bitfarms announced on Thursday that … Read more

EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin

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While a number of media pundits and politicians have been talking about Bitcoin’s energy consumption, there’s been a myriad of firms working toward green solutions well before all the controversy. Unfortunately, critics don’t highlight the amount of renewables miners use or the cogeneration applications. One project called EZ Blockchain has partnered with the Texas-based oil … Read more