Mining Financial News

05.04 / 20:09

Mining regulation New York State settlement US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility

Crypto miner US Bitcoin Corp has come to a tentative agreement with the City of Niagara Falls that will allow it to reopen its mining operation in that city, according to a local news report. A state supreme court judge ordered its plant closed in early March. The settlement still requires the approval of the city council.

05.04 / 01:37

business Adoption Mining Press Release Bitcoin Marathon Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1

Bitcoin (BTC) mining firm Marathon Digital reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million.

04.04 / 19:37

Government Mining regulation Crypto miners committee Texas Senate committee moves forward on bill removing incentives for crypto miners

The Texas Senate Committee on Business and Commerce has passed legislation that would largely remove incentives for miners operating under the state’s crypto-friendly regulatory environment.

04.04 / 12:07

Blockchain Adoption Mining Tokens TON Validator TON validators receive single nominator smart contract

Orbs, a public blockchain infrastructure designed for mass usage applications and close integration, has announced the release of the single nominator smart contract for validators in the Telegram Open Network (TON), a decentralized layer-1 blockchain.

29.03 / 16:47

markets Mining stocks Bitcoin Bitcoin Price Bitcoin mining stocks underwhelm in March, but brighter days could be around the corner

Bitcoin mining stocks had a dull performance in March, with small moves here and there that followed BTC's price movement. While it is encouraging to see that most stocks held onto their impressive January gains, Bitcoin's price action will be crucial for the short-to-medium-term performance of these stocks.

28.03 / 07:39

business Mining Bitcoin Bitcoin Price analysts Bitcoin hash rate spikes to 398 exahash, analysts say miners coming back online

Bitcoin's (BTC) hash rate spiked to all-time highs of 398 exahash on March 23, and analysts have been speculating miners are starting to turn their rigs back on as the Bitcoin price rises.

27.03 / 10:19

Mining regulation Exchange Legal Petro Venezuela's Anti-Corruption Investigation Rocks Cryptocurrency Industry: Exchanges and Mining Farms Shut Down

Venezuelan crypto companies - specifically mining farms and exchanges - have reportedly been ordered to shut down over the past few days, following the President's order to restructure the country’s crypto regulatory agency. They seem to have been a casualty of an investigation that resulted in the arrest of 21 individuals.

25.03 / 21:53

business Mining Latin America Petro Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

Venezuela's energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country's oil company.

24.03 / 19:53

Blockchain Ethereum Mining Tether USDT Gaming BUG Bug Bounty reserves Today in Crypto: Ethereum Foundation Doubles Bug Bounty to $500K, Oasys Partners with SBI VC Trade, The Graph Integrates with Banxa, Tether's Excess Reserves to Increase by $700M in Q1 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

23.03 / 21:53

Mining Marketplace Bitcoin boost Hashrate How to boost mining revenues with hashrate marketplaces

In the busy crypto mining sector, optimization is critical. With slim profit margins and demand for optimal computing power, all tools for increased results are welcome. As miners try to scrape reasonable profits, they usually turn to traditional mining pools. These pools let miners combine their hashing power and, as a result, provide more frequent rewards compared to solo mining. However, there are more options out there.

21.03 / 08:51

business Mining Court Bankruptcy Core Scientific to transfer $20M of equipment to settle bankruptcy dispute

A $20 million settlement between Bitcoin (BTC) miner Core Scientific and its energy negotiator Priority Power Management has been approved by the judge in Core Scientific’s bankruptcy proceedings.

16.03 / 19:19

business Mining Altcoin Cloud Mining Bitcoin Crypto mining in 2023 — Is it still worth it? Watch Market Talks

In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.

10.03 / 13:29

Mining regulation crypto mining Costs Crypto Mining Firms Targeted: U.S. Treasury Proposes 30% Tax on Electricity Costs

Crypto mining firms based in the United States could be subject to a 30% tax on electricity costs under a new budget proposal aimed at reducing mining activity.

10.03 / 04:03

business Mining proof-of-work ASIC Bitcoin 'Bad batch' or flawed design? Compass Mining flags problems with new ASIC miners

Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC).

10.03 / 01:51

Mining regulation Taxes Electricity Biden budget proposes 30% tax on crypto mining electricity usage

A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration's 2024 fiscal year budget.

09.03 / 17:15

business Blockchain Mining wallet NVIDIA GPU Trezor crypto wallet's move into the semiconductor business isn't for everyone

Crypto wallet maker Trezor recently decided to start manufacturing its own hardware wallet chips to respond quickly to demand-triggering events like the FTX collapse.

09.03 / 05:37

business Mining Liquidity Banks Loans Bitcoin Marathon Marathon Digital terminates credit facilities with Silvergate Bank

Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations.

08.03 / 07:27

Mining Developers Bitcoin Jack Dorsey’s Block asks for input on proposed ‘mining development kit’

Payments company Block, formerly known as Square, is delving deeper into the crypto mining industry with potential plans to build a “mining development kit.”

07.03 / 06:33

business Mining Mining Pools Bitcoin TeraWulf goes nuclear: 8,000 rigs spool up in Nautilus mining facility

United States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely running on nuclear power generated on-site.

07.03 / 04:39

business Law Mining SEC Scams Court SEC accuses Utah firm of 'fraudulent' $18M crypto mining scheme

Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million "fraudulent scheme" that never mined the crypto it said it would, according to allegations by the United States Securities and Exchange Commission (SEC).

06.03 / 19:13

Blockchain Provident BTC BLOCK Mining Bitcoin Bitcoin Miners Prepare for Upcoming Difficulty Increase in the Face of Market Uncertainty

Bitcoin (BTC) miners are preparing for another difficulty adjustment this week, as the computational power required to mine new coins reaches its highest level ever.

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