Embattled Crypto Mining and Wallet Firm Poolin Moved $150M in Bitcoin
The firm issued IOU tokens to its users after it froze withdrawals in September. Source
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Mining
Russia becomes second-largest Bitcoin mining hub after US, claims local miner
Russia has now reportedly become the second-largest country in the world in terms of Bitcoin (BTC) and cryptocurrency mining, with the United States maintaining its position as the leader. Nevertheless, the lack of clear regulations regarding cryptocurrencies in the United States may lead to a potential market distribution shift.According to
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Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela – Bitcoin News
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused
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WEF’s promo video shows Bitcoin mining, but it leaves out the B-word
The World Economic Forum (WEF) showcased the facilities and tech employed by a cryptocurrency mining firm and implied its operations were the “biggest winner” for the environment — but it never actually said it was mining crypto.Published on April 20, the WEF video promoted efforts towards reducing flaring — where
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Bitcoin mining difficulty hits record high, indicating network resilience
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s mining difficulty has reached a new all-time high of 48.7T, after a 1.72% increase, according to BTC.com, demonstrating the cryptocurrency network’s resilience and tenacity. Despite the market’s recent volatility, the network’s hashrate hit an all-time high
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Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus – Mining Bitcoin News
Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh), according to the company. Terawulf Fires up 50
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Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023 – Mining Bitcoin News
Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176. Bitcoin’s Difficulty Has Risen More
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Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
Russia is taking further steps to mitigate global sanctions in place since the invasion of Ukraine in 2022. According to local media reports, the country's central bank plans to create new institutions to mine crypto assets and settle international payments. In a meeting in the State Duma — one of the
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Intel Discontinues Sale of Bitcoin Mining Chips in Major Setback to Crypto Miners
Within a year of launching its Blockscale 1000 Series ASICs, Intel has continued to discontinue this product but shall take orders for the same up to October 20, 2023. A year after Intel officially announced the sale of its Bitcoin mining Blocksale ASICs, the company finally took the decision to
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The Bitcoin mining boom is quietly going parabolic
Bitcoin (BTC) may be struggling at $30,000, but under the hood, all-time highs of a different kind keep coming.The latest data shows that Bitcoin network fundamentals — difficulty and hash rate — will hit new records this week.Bitcoin mining difficulty, hash rate refuse to slow downBitcoin’s 2023 recovery has been
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