Wed, November 27

9,219 Bank Accounts Frozen by Iran Over Suspicious Crypto Transactions

The Ministry of Finance froze more than 9,219 bank accounts belonging to 545 people. Iranian authorities are also taking action against cryptocurrency mining beyond the law. According to a statement released Saturday, foreign cash and cryptocurrency transactions have been deemed suspicious by Iran’s Ministry of Intelligence. The Ministry of Finance

May 17, 2022 1 min read

Bitcoin Network More Secure as Mining Difficulty Records ATH of 31.251 Trillion

BTC miners are responsible for verifying the authenticity of transactions. BTC remains the most durable blockchain network. Dispelling any fears of a blockchain assault, the Bitcoin (BTC) network has now reached an all-time high mining difficulty of 31.251 trillion, breaking the previous record of 30 trillion for the first time.

May 14, 2022 1 min read

Mining Capital Coin CEO Accused of $62M Cryptocurrency Scam

Crypto mining and trading were not the focus of Mining Capital Coin’s investments. Last week, a South Korean crypto exchange chief executive was detained. The U.S. Department of Justice has accused Luiz Capuci Jr., Mining Capital Coin CEO, of organizing a huge cryptocurrency fraud operation. Charged with many felonies, including

May 7, 2022 1 min read

Bitcoin Mining Using Sustainable Power Reaches 64% as per Latest Report

The mining sector is eager to prove that it has adopted cleaner energy sources. Michael Saylor, CEO of MicroStrategy, is also a member. This year, the Bitcoin (BTC) mining business raised its sustainable energy mix by around 59 percent to become more environmentally friendly over the same period last year.

April 26, 2022 1 min read

Norway Utilizes 100% Renewable Energy Contributes 1% Global BTC Hash Rate

The country generates 1% of the world’s hash rate fueled solely by renewable energy. Hydroelectricity has been Norway’s primary power source. Despite its small size, Norway is home to a sizable number of Bitcoin miners. Green mining in Norway is what draws miners. The country generates 1% of the world’s

April 5, 2022 1 min read

Balance of Investors Holding Bitcoin Over a Year Reaches 12 Million $BTC

The drop in BTC price over the previous 24 hours was partly predicted. Bitcoin has been up 3.42% in the last 24 hours. When Bitcoin (BTC) fell below the $45,000 mark on March 31, investors were taken aback by the speed the cryptocurrency recovered to reach the $46,500 mark. After

April 2, 2022 2 mins read

Bitcoin (BTC) Miners Generated $1.21 Billion in Revenue in March 2022

On Feb. 13, Bitcoin’s hash rate hit an all-time high of 248.11 EH/s. Since July 2021, the robust Bitcoin network has grown constantly. According to The Block’s Data Dashboard, for March, Bitcoin miners made $1.21 billion in income. In February, mining generated $1.06 billion in revenue. The block subsidy accounted

April 2, 2022 1 min read

Energy Giant ExxonMobil Enters Crypto Mining Utilizing Surplus Natural Gas

The corporation is now exploring extending its pilot program to four nations. ExxonMobil and Crusoe Energy had signed a contract to utilize excess gas. Energy Company ExxonMobil is apparently launching a test program in the United States to use the energy from surplus gas to power crypto mining equipment. In

March 26, 2022 2 mins read

Bitcoin Mining Thrives Back Despite Ban Citing Environmental Concerns

Bitcoin miners made $36.5 million a day in the preceding week. The average block output per hour has grown by 2.725. Miner profits are rising once again. This time around, the miners have experienced a huge increase in their mining profits in only one week. There has been an increase

March 25, 2022 1 min read

Bitcoin (BTC) Power Consumption a Huge Setback for Its Global Adoption

Bitcoin rigs presently operate extensively in nations where fossil fuels are predominant. Elon Musk declared that buyers could no longer pay for a new automobile using BTC. As of the current moment, the most common criticism against Bitcoin is that it uses too much power. A single Bitcoin transaction may

March 23, 2022 1 min read