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Publicly traded mining company Hive Blockchain (HVBTF) reported a Q2 profit even as the firm continued its “big spend” on upgrading its mining facilities. Hive took in $13 million in quarterly mining revenue, according to its Q2 earnings report Tuesday, 8% up from the year-ago period’s $12 million.The company posted a
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Argo Blockchain has reported a near quadrupling in revenue even as capital depreciation led pre-tax profits to slide by 45%. Source
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While Ethereum’s recent uptick in adoption has been welcomed by many, it has had a strong side effect:
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The word “blockchain” is no longer perceived as something exotic and super innovative, partly because large companies have found various uses for this technology and customers have begun to understand how it works. On the other hand, the growing adoption and awareness of blockchain has led to the fact that
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Demand to transact on the Ethereum blockchain has pushed fees to uncomfortable levels.A new technical proposal helps address high fees by implementing a dynamic pricing system.Called EIP 1559, Ethereum users would now pay a set “base fee” to the network plus a tip to miners.One technical observer calls it “the
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[sociallocker id="55298"] On average, the ransom demanded by cryptocurrency ransomware hackers increased by 200% from 2018 to 2019.According to a report published on June 5 by cybersecurity firm Crypsis Group, the average ransom demanded by cryptocurrency ransomware groups in 2019 reached $115,123.The median ransom, on the other hand, increased by
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The average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data
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Bitcoin investors speculate the upcoming halving could send prices skyrocketing to $90,000 or higher. To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs.In a new report, the crypto-focused research firm TradeBlock estimates the average cost to mine a single
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Last updated:February 19, 2020Bitcoin’s firm 2020 uptrend has led many analysts to question what types of fundamental and technical events could help bolster its mid-term price action and propel the cryptocurrency higher, and naturally its upcoming mining rewards halving is one such event that is widely looked upon as being
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A strict new regulatory regime is dawning upon European firms handling cryptocurrency.Friday marks the deadline for the European Union’s 28 member nation-states to adopt the Fifth Anti-Money Laundering Directive or AMLD5. The new rules require crypto exchanges and custodial service providers to register with their local regulator, and demonstrate compliance
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