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Bitcoin Miners Sell Off Over $450 Million Worth of Cryptocurrency in Just 24 Hours

Fin Boldom2 years ago2 min read

Bitcoin Miners Selling Off BTC Amidst Price Rally Bitcoin miners have finally found relief after facing numerous challenges, including bankruptcies, as the price of Bitcoin rallied…

Greenpeace Criticizes Approval of Bitcoin EFT, Describing It as ‘Detrimental to the Environment and Communities’

Benito Cormi2 years ago2 min read

Greenpeace Rejects Approval of Bitcoin ETFs Greenpeace, an environmental defense organization, has criticized the recent approval of several spot bitcoin exchange-traded fund (ETF) products by the…

Data Shows Bitcoin Miner Outflow at Highest Level in 77 Months

Owen Patter2 years ago2 min read

Bitcoin Miner Outflow Reaches 77-Month High The outflow of Bitcoin from mining pool wallets has reached a 77-month high, according to on-chain intelligence firm CryptoQuant. This…

UAE’s Phoenix Group Enhances Mining Power With $187M Bitmain Partnership Amidst Global ASIC Competition

Benito Cormi2 years ago2 min read

Pheonix Group Expands Mining Fleet Through Bitmain Partnership Phoenix Group, a bitcoin mining and blockchain infrastructure company, has announced its recent acquisition of $187 million worth…

Bitcoin Halving: ETF Prospects and Ordinal Inscriptions Provide Relief for Miners with Less Than 15,000 Blocks to Go

Benito Cormi2 years ago2 min read

Approaching the Fourth Bitcoin Halving Event As of Jan. 9, 2024, fewer than 15,000 blocks remain before the fourth Bitcoin halving event. This milestone will halve…

Controversy Erupts Over New Scientist’s Article on Bitcoin: Criticism Arises as Experts Challenge Inaccuracies and Partiality

Benito Cormi2 years ago2 min read

Bitcoin’s Environmental Impact Misrepresented, Experts Say A recent editorial by Matthew Sparkes in the New Scientist has sparked criticism from the bitcoin community. The article questions…

Boosting Bitcoin Mining Capacity: CleanSpark Acquires 60,000 S21 Rigs from Bitmain

Benito Cormi2 years ago3 min read

Cleanspark Expands Mining Operations with Bitmain S21 Miner Purchase Cleanspark, a Nasdaq-listed bitcoin mining firm, has announced its acquisition of 60,000 S21 miners from Bitmain, boosting…

Argo Blockchain Shares Plummet 8% as Interim CEO Resigns

Owen Patter2 years ago2 min read

Argo Blockchain Shares Decline After CEO’s Departure Argo Blockchain, a Nasdaq-listed company, experienced an 8.38% decline in its shares after the departure of interim CEO and…

Record High: Bitcoin’s Hashrate Surges to 549 EH/s in Early 2024 Despite Increasing Difficulty and Declining Hash Price

Benito Cormi2 years ago2 min read

Record-Breaking Bitcoin Hasrate in 2024 Bitcoin’s hashrate has reached a new all-time high in the first week of 2024, hitting 549 exahash per second (EH/s) on…

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