Senators renew call for EPA investigation of crypto mining emissions data
Sen. Edward Markey and Rep. Jared Huffman want miners to disclose emissions data and the EPA to lead an investigation of their impact. Go to Source Powered by WPeMatico
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Investment Fund Focused on Crypto Mining to Be Created in Russia
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set … Read more
Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions
The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on Feb. 12, 2023, but block sizes have subsided and dropped to an average … Read more
Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia
The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The new Mawson site is capable … Read more
BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this week
Bitcoin price action is on a knife edge as analysis hopes that the monthly close can echo a positive end to the week. Go to Source Powered by WPeMatico
Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners
The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption of Russian Crypto Mining Legislation Postponed Again A bill … Read more
Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year
Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year, as Bitcoin recorded a combined 24.89% increase during the last 60 … Read more
Bitcoin price tumbles to 10-day lows as ‘Notorious B.I.D.’ keeps support at $22.5K
Bitcoin bulls have little to celebrate as BTC price action retraces more hard-won February gains. Go to Source Powered by WPeMatico
Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School … Read more
Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs
With Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has acquired the platform Ordinalhub, a project that provides tools to buy, sell, and track Bitcoin-issued non-fungible token (NFT) assets. Luxor Plans to Address Challenges in the Market for Ordinal Inscription Trades At the time of writing, there are … Read more