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Venezuelan security forces recently raided a criminal gang-controlled Tocorón prison and confiscated Bitcoin (BTC) mining machines, along with various weapons such as grenades, rocket launchers, and guns. The Venezuelan government sent out over 11,000 soldiers and police to take back the Tocorón prison which served as the headquarters of the notorious
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None of the “sanctions targeting Russia completely prohibit involvement in the mining sector,” said David Carlisle, vice president of policy and regulation at Elliptic, a blockchain analytics firm. Still, there are “significant risks” for firms operating in Russia’s mining sector: they can’t do business with sanctioned entities including mining hosting
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The past 12 months have seen the global digital paradigm evolve tremendously, especially regarding how humans interact with machines. In fact, the space has undergone such a radical transformation that people of all ages are now fast becoming conversant with artificial intelligence (AI) models, most popularly OpenAI’s ChatGPT. The primary driving
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The Antminer S19j Pro accounts for 34.3% of the network hashrate and the S19 for 28.1%, and they have been the most used machines on the network since March 2021, Coinmetrics found. The Antminer S19 XP accounts for another 13.7% of the network hashrate, said the report. Meanwhile, MicroBT's M50
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CleanSpark has been buying up assets during the bear market to reach its 2023-end of 16 EH/s, but discounts are getting smaller. Source
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While the Web3 development has grown exponentially based on other blockchains such as Ethereum, development on Bitcoin has lagged. However, with new use cases and technologies emerging, this is likely going to change, said Muneeb Ali, CEO of Trust Machines and co-founder of Stacks, during a panel Friday at Consensus
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The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from. Source
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Multichain decentralized application (DApp) protocol Astar Network will launch the second iteration of its smart contracts that supports both Ethereum Virtual Machine (EVM) WebAssembly Virtual Machine (WASM VM) on its mainnet on April 6. In an announcement sent to Cointelegraph, Astar Network founder Sota Watanabe explained that the new update would
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Crypto ATMs — one of the key infrastructure pillars for the mass adoption of cryptocurrencies — have seen a drastic reduction this year. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines.Since 2014, the total number of crypto ATMs has maintained a
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The crypto-friendly bank wrote off $47.9 million in loans, primarily mining rig-collateralized debt. Original Source
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