BTC price hits ‘Uptober’ up 5% — 5 things to know in Bitcoin this week
BTC price starts the celebrated month of “Uptober” with a trip past $28,000, but the question on everyone’s lips is whether Bitcoin can hold its ground. Go to Source
mining
Auto Added by WPeMatico
Bitcoin halving to raise ‘efficient’ BTC mining costs to $30K
Bitcoin miners may see “severe” economic consequences from BTC price action staying below $30,000 after the 2024 halving, Glassnode warns. Go to Source
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme
Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head. Go to Source
Texas is home to nearly 30% of all Bitcoin hash rate — Foundry
According to Foundry’s data pool, Texas accounts for 28.5% of all Bitcoin hash rate in the United States. Go to Source
Argentinian oil company to start mining crypto with gas power leftovers
Tecpetrol hopes to reduce environmental impact by avoiding gas emissions, and generate some additional profits in the meantime. Go to Source
Core Scientific cracks $77M Bitmain deal for 27K Bitcoin mining rigs
The deal was first finalized in August with Anchorage as another party agreeing to equity stake in the bankrupt crypto miner. Go to Source
How Bitcoin miners can survive a hostile market
Bitcoin mining is becoming harder — which means miners will have to spend more to receive fewer rewards. But there are still ways to be profitable. Go to Source
Bitcoin miners seek alternative energy sources to cut costs
The next generation of crypto mining will focus on alternative energy sources for efficiency. Go to Source
Hut 8 receives green light from Canadian Supreme Court for USBTC merger
The Supreme Court of British Columbia has given Hut 8 final clearance to complete a proposed merger with USBTC. Go to Source
FOMC versus BTC price ‘local bottom’ — 5 things to know in Bitcoin this week
Bitcoin network fundamentals have never looked better, as optimism trickles back when it comes to BTC price strength in a key Fed rate decision week. Go to Source
