bitcoin mining

The Bitcoin (CRYPTO: BTC) algorithms have adjusted as China cracked down on cryptocurrency mining, CNBC reports. On Saturday, the Bitcoin algorithm adjusted, helping the miners to remain productive by increasing earnings.  The bitcoin algorithm is programmed to...

Cryptocurrency lender Celsius Network (CRYPTO: CEL) will distribute the profits made from its $200 million Bitcoin (CRYPTO: BTC) mining operation. What Happened: According to a Thursday Cointelegraph report, Celsius Network CEO Alex Mashinsky told the news outlet that...

What Happened: U.K.-based Bitcoin mining company Argo Blockchain PLC (LON: ARB) announced on Tuesday that they had received a $20 million loan from Galaxy Digital Holdings Ltd (OTCMKTS: BRPHF) to build out its Bitcoin mining facility in Texas. Accoding to the six-month loan agreement,...

The U.S. cryptocurrency mining company TeraWulf ordered 30,000 Bitcoin (CRYPTO: BTC) mining application-specific integrated circuits (ASICs) from the world's leading specialized hardware producer Bitmain. What Happened: According to an official announcement, TeraWulf signed an...

What Happened: Shenzhen-based Bitcoin miner BIT Mining (NYSE: BTCM) has already shipped some of its mining equipment outside China, according to a press release from the company. The company reported that 320 mining machines with a capacity of 18.2 PH/s had been delivered to a facility in...

China’s ongoing Bitcoin (CRYPTO: BTC) mining crackdown led to plummeting graphic card prices, making it more affordable at the cost of fewer places for miners to set up shop, the SCMP reports. The crackdown follows May’s cryptocurrency decline of more than 40...

What Happened: Over the weekend, crypto markets rallied after Elon Musk tweeted that Tesla Inc (NASDAQ: TSLA) would resume accepting Bitcoin (CRYPTO: BTC) for payments when clean energy usage by miners was confirmed to be over 50%. “When there’s confirmation of reasonable (~50%) clean...

What Happened: Shares of business intelligence firm MicroStrategy Incorporated (NASDAQ: MSTR) surged over 15% on Monday after the company said it would sell $1 billion worth of its shares over time. According to an SEC filing, the company plans to use some of the proceeds from the sale of its...

What Happened: A notice issued by the Texas Department of Banking on June 10 shows that state-chartered banks can provide customers with virtual currency services on condition that the bank has applicable protocols in place to manage risks and comply with the law. “While...

A coalition of Bitcoin miners known as the Bitcoin Mining Council (BMC) unveiled its official website earlier today while making sure to explicitly state that Elon Musk had no part to play in its operations. What Happened: In response to an FAQ on its website dedicated specifically to...

A bill that has been passed in New York State will impose new limitations on the operations of local miners of Bitcoin (CRYPTO: BTC) and other cryptocurrencies. What Happened: The New York Senate Bill 6486 was proposed by a Democrat senator and Chairman of...

What Happened: Jack Dorsey’s digital payments company Square Inc (NASDAQ: SQ) and Bitcoin infrastructure startup Blockstream have joined forces to build a 100% solar-powered Bitcoin mine. According to a press release shared by Blockstream earlier this week, Square will invest $5 million in...

Algorand (CRYPTO: ALGO) is focusing on its green credentials and hoping to attract the attention of environmentally-conscious companies, such as Elon Musk's electric car manufacturer Tesla Inc. (NASDAQ: TSLA). What Happened: In May, Musk announced that Tesla would no longer...

Antivirus software will enable users to mine Ethereum from their personal computers. What Happened: American software company NortonLifeLock Inc (NASDAQ: NLOK) will now let users of its antivirus software mine the Ethereum (CRYPTO: ETH) cryptocurrency directly from the program. According to a...

A report revealed that traders based in China opted to bypass local crypto laws to continue trading cryptocurrencies. What Happened: According to a recent report from Bloomberg, Chinese crypto traders have continued to trade digital assets despite the government’s more recent warnings against...