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Despite the partnership announcement, Galaxy Digital Mining did not provide specific details on the number of machines deployed for the first installation.Diversified financial services and investment management company in the digital asset sector Galaxy Digital (TSX: GLXY) said it is now hosting its newly-launched Bitcoin mining operations at Blockstream facilities.
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Bison Trails, a leading blockchain infrastructure company, has launched a new protocol that allows customers to scale their node operations without the lag times that normally accompany such functions.Beginning Tuesday, Global Blockchain Synch, or GBS, will allow Bison Trails customers to address the lag times associated with launching a new
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The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate. Source
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Cryptocurrency exchange Binance announced Thursday it is closing its Korea operations after eight months of operating due to low usage and volume. Source
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Crypto asset traders and analysts are looking for positives for the crypto industry out of the newly elected leaders.Following a hotly and closely contested US Presidential election, a number of people in the crypto community have questioned the outcome. However, mainstream media outlets and the Associated Press have definitively determined
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The Huobi cryptocurrency exchange assured users its trading platform is “currently operating normally” after one of its biggest competitors, OKEx, announced it suspended all cryptocurrency withdrawals indefinitely.“Huobi’s cold wallet uses multi-signature and threshold signature technology to ensure the security of the private key signature process,” Ciara Sun, vice president of
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According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas.The United Socialist Party of Venezuela has decided to not allow cryptocurrency
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During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than
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The U.S. based crypto exchange Kraken will start to increase its operations in the Indian market following the recent ruling of the country’s Supreme Court to lift banks’ banning to do business with crypto companies, according to a March 9th announcement.According to Kraken, its growth in India was hampered
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North Korea is stepping up mining of the privacy coin monero as the regime continues its efforts to circumvent sanctions.U.S. cybersecurity firm Recorded Future said in a report Sunday that network traffic for monero (XMR) mining, that had originated from North Korean IP ranges, had increased by "at least tenfold"
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