Mining

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Cryptocurrency mining hardware maker Bitmain and bankrupt crypto mining firm Core Scientific have agreed on a combination of equity and cash to finalize the deal on expanding mining facilities.  The deal between the two mining companies will see Bitmain supply 27,000 Bitcoin (BTC) mining rigs for $23 million in cash, along with $53.9 million…

Crypto stocks are stocks of companies that are involved in the cryptocurrency industry or have exposure to digital assets such as Bitcoin, Ethereum, and other altcoins. Investing in crypto stocks can be a way to gain exposure to the growing crypto market without having to buy and store cryptocurrencies directly. The year 2023 has been a…

Decentralized exchange Pancakeswap now offers Transak as a provider in its “buy crypto” tab, giving Pancakeswap users an additional option when shopping for crypto, according to an announcement on September 21. Mercuryo and Moonpay were previously providers for this feature, making Transak the third provider to be added.Caption: Pancakeswap buy…

solar power more than 50% of bitcoin mining activity. The world's leading cryptocurrency is creating new markets for clean energy, which has investors taking a second look at bitcoin through an ESG lens. (Photo by Robert Nickelsberg/Getty Images)Getty Images What is bitcoin? Its proponents offer no shortage of answers: peer-to-peer cash.…

Stablecoin firm Tether is entering a $420 million deal involving artificial intelligence chips and an overseas Bitcoin crypto mining firm, Forbes reported on Sept. 20. Tether has not officially announced the investment. Rather, Forbes appears to have based its report on statements from Northern…

A routine drug bust got a surprising cyber twist in Chile when the country’s investigative police unit (PDI) found the suspects were not only trafficking in illicit substances, but were also running a full-blown Bitcoin mining operation. Local media outlet El Mostrador reported that on September 6, the Anti-Narcotics Brigade for Santiago’s…

Following the increasing adoption of digital assets built on revolutionary blockchain technology, the global crypto-mining market is witnessing substantial growth. According to a Global Cryptocurrency Mining Market Report and Forecast 2023-2028 published in Research and Markets, the global crypto mining market reached a value of USD…

The Philippines Securities and Exchange Commission (SEC) has teamed up with its United States counterpart, as well as the Asian Development Bank to crack down on criminals using cryptocurrencies to commit fraud and other financial crimes.According to a Sept. 15 press release, the three institutions conducted an International Organization of…

While China’s regime harbors a fierce hostility toward cryptocurrency, the government of Hong Kong appears to be going in the other direction, if the views of local politician Duncan Chiu are any indicator. Chiu, a member of Hong Kong’s Legislative Council, said at a recent gathering that he expects the territory to roll out guidelines for…