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On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the
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World-leading cryptocurrency miner Argo Blockchain recorded increased Bitcoin production despite the rise in network difficulty. On March 7, the company released its operations update for February 2023, which disclosed the remarkable monthly performance. In addition to high Bitcoin production last month, Argo Blockchain (NASDAQ: ARBK) also saw its revenue surge
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Publicly-listed Bitcoin (BTC) mining firm Argo Blockchain has increased its daily BTC production despite a significant spike in network difficulty.During the month of February, Argo mined a total of 162 of Bitcoin or BTC equivalents, translating to 5.7 BTC per day, the firm announced in an operational update on March
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Trezor, the manufacturer of crypto hardware wallets, has announced that it will take control of its wallet chip production process by producing its own silicon chips. The company states that the newly designed “chip wrapper” will enhance device security and considerably shorten lead times for mass production. Trezor ‘Unpacks Process’ and
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Solana network faced a slowdown in block production on Fev. 25 following the upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network performance. The technical issue started around 6:00 AM (UTC), leading validators to downgrade
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EV makers Lucid, Nikola, and Lordstown saw their stock decline mostly owing to disappointing failures regarding their production figures. Three electric vehicle (EV) startups that went public via special purpose acquisition companies (SPAC) recently fell short of their projected 2022 goals. According to reports, EV companies Lucid Group Inc (NASDAQ:
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The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according to a new analysis from Hashrate Index. The majority of public miners increased their bitcoin production in January, with
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Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, released its December 2022 results for its mining division.According to Northern Data AG, in the fiscal year 2022, it mined a total of 2,798 BTC, a significant increase of 315% compared to the previous year. This
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The Digital Emotional Experience will bring virtual reality to BMW, which will display an array of important details on the windshield.Bayerische Motoren Werke AG (FWB: BMW) unveiled a concept car dubbed iVision Digital Emotional Experience (DEE) – that can talk and change colors on demand – at the CES 2023.
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Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot
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