Thu, March 28

Paraguay Senators Dissent Presidents Bitcoin Mining Bill Veto

President Benitez vetoed the bill, saying that mining is a waste of energy. Paraguay may gain “new forms of employment,” as per Congressman Daniel Rojas. Paraguayan legislators overrode the president’s veto this week on a key Bitcoin mining regulatory measure. On Wednesday, 33 senators voted against President Mario Abdo Benitez’s

October 1, 2022 2 mins read

Bitcoin Mining Firm Compute North Files Bankruptcy

Back in April, the firm said that work had begun on a Granbury, Texas, co-location plant. Compute North has at least 200 creditors who are owed a total of almost $500 million. Cryptocurrency startups have had a rough winter. It has impacted the day-to-day operations of some organizations by creating

September 23, 2022 2 mins read

Bitcoin (BTC) Mining Firm Bitfarms Expands to Argentina

This boosts the company’s computational capacity to 4.1 ExaHashPerSecond. In October of 2021, development started on the Bitcoin mining facility in Argentina. Bitfarms, a Bitcoin (BTC) mining firm located in Canada, has opened up operations in Argentina. Argentina is the company’s tenth Bitcoin mining facility overall. This boosts the company’s

September 19, 2022 2 mins read

Recent White House Report Scrutinizes Crypto Mining Concerns

It revealed conflicting results about the link between crypto and the environment. The department advised that the administration might outlaw proof of work. Distributed ledger technology (DLT) and global warming have been the subject of a new report from the White House’s Office of Science and Technology Policy (OSTP). The

September 11, 2022 2 mins read

Mining Firm CleanSpark Acquires Mining Facility in Georgia

The current capacity of the Georgia facility is for 24,108 miners. The mining firm also acquired 1,800 Antminer S19 XP machines in June. CleanSpark, a cryptocurrency mining company, stated on Friday that they have reached a deal to purchase the Bitcoin mining facility operated by Mawson in Sandersville, Georgia for

September 11, 2022 1 min read

Prominent Mining Pool ‘Poolin’ Temporarily Halts Withdrawals

This mining pool is responsible for 10.4% of the total hashrate in Bitcoin mining. The group also announced the temporary suspension of BTC and ETH balance payouts. Poolin, a mining pool headquartered in China, has temporarily suspended wallet withdrawals due to cash flow concerns. Given Poolin’s massive scope, the withdrawal

September 6, 2022 1 min read

Paraguay President Vetoes Crypto Mining Regulation

On Monday, President Mario Abdo Bentez of Paraguay rejected a law that would have controlled the commercialization of cryptocurrency mining and other digital asset operations. The president’s official account tweeted, “The Executive Branch objects to the bill that seeks to regulate crypto mining in the country.” According to the decree,

August 31, 2022 1 min read

Crusoe Energy Files Lawsuit Against Rival Alkane Midstream

Alkane CEO Ryan Blazei was quoted as saying the trial was “disappointing.” In April of 2022, Crusoe Energy was able to secure $505 million in funding. On August 22, 2022, Crusoe Energy, which specializes in reducing gas flare emissions by utilizing for bitcoin, filed a lawsuit against Alkane Midstream. The

August 28, 2022 2 mins read

Bitcoin Miners Cash in Significant Earnings Before Price Fall

BTC has been able to maintain a $24,000 support level over the previous weeks. Over the last day, the value of BTC has fallen by over 8%. Many investors lost money this year due to the bears’ unexpected appearance. After the price of the Bitcoin fell below $20,000, Bitcoin (BTC)

August 20, 2022 2 mins read

MaxUSDT Introduces New Mining Cycle Model Offering Even More Significant Returns

An alternative to traditional crypto is the use of a cloud mining service. In general, cloud mining is considered a better option for individuals who lack the technical expertise or prefer not to spend, operate and maintain their own gear and software. The cryptocurrency industry has seen several changes in

August 12, 2022 2 mins read