cryptocurrency mining

Although crypto markets seemed to recover from the recent fall, some believe that regulatory uncertainties surrounding Bitcoin mining and trading firms in China could lead to even more sell pressure going forward. What Happened: On Friday, a State Council committee led by Vice Premier Liu He...

Chia Network Inc, the company associated with the eponymous Chia Network (XCH) token, was valued at $500 million in a recent funding round, Bloomberg reported Monday. What Happened: The platform founded by BitTorrent creator Bram Cohen raised $61 million from investors such as Richmond Global...

Worries about cryptocurrencies have intensified after some Bitcoin (BTC) miners halted their China operations following Beijing’s crackdown on cryptocurrency mining and trading, Reuters reported Sunday. What Happened: Huobi Mall, part of cryptocurrency exchange Huobi, said it has...

What Happened: Bitcoin (CRYPTO: BTC) went into freefall once again as fresh information about China’s crackdown on cryptocurrencies emerged. According to Chinese news outlet 8BTCnews, the Financial Stability and Development Commission of China State Council planning on cracking down...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk’s recent comments on Bitcoin’s (BTC) energy consumption will be a “changing point” for the apex cryptocurrency, according to the CEO of a green crypto mining company. What Happened: “I believe what he said will be a changing...

Chia Network (XCH) has pushed up the demand for hard disks due to its “proof of space” mining mechanism in turn driving up shares of hard disk manufacturers, Decrypt reported Thursday. What Happened: The XCH token, which was launched on May 3, has moved between $561.89 to an all-time...

Cathie Wood-headed ARK Invest’s Director of Research Brett Winton is calling Bitcoin (BTC) a “novel economic institution” and said its potential outweighs its energy requirements — a stance diametrically opposite taken by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk. What...

Tesla Inc (NASDAQ: TSLA) will no longer accept Bitcoin (CRYPTO: BTC) for vehicle purchases over concerns of the cryptocurrency environmental impact, said Tesla's CEO Elon Musk on Twitter. What Happened: According to Musk's tweet, the automaker is concerned about the “...

Dogecoin (DOGE) miners have seen revenues rise over 4,000% with the joke cryptocurrency seeing a massive spike this year, CoinDesk reported Wednesday. What Happened: Daily revenue of DOGE miners touched a record high of $3.6 million on Apr. 26, which is a 4,775% increase from Jan. 1 when...

The9 Ltd (NASDAQ: NCTY) inked a binding term sheet regarding a C$4 million investment in Vancouver’s Blockchain Infrastructure services and power solutions provider, Skychain Technologies Inc (OTC: SKTCF), for the construction and operation of a 12 MW...

Blockchain-based e-commerce business and fintech service provider, Future FinTech Group Inc (NASDAQ: FTFT), has inked an agreement to acquire a 51% stake in Mingtang Network Technology for $7 million (RMB 45.9 million) based on a valuation of $13.8 million (RMB 90 million...

Nvidia Corporation (NASDAQ: NVDA) said on its annual investor day it is raising its first-quarter revenue estimate for newly introduced mining hardware. At the same time, supply chain issues overshadowed cryptocurrency-centric Canaan Inc’s (NASDAQ: CAN) Q4 numbers. What Happened: Nvidia...

According To Luca Paolini, Pictet Asset Management's Chief Strategist, Bitcoin Still Presents Too Many Shortcomings, Beginning With Mining Sustainability. In mid-March, Bitcoin crossed the threshold of $60,000 for the first time and, for a few days now, has been hovering around $58,000. This...

Riot Blockchain Inc (NASDAQ: RIOT) agreed to acquire Whinstone US, Inc, including its assets and operations from Northern Data AG (OTC: NDTAF). The purchase price included $80 million cash plus a fixed 11.8 million Riot stock, equivalent to $651 million based on Riot...

Riot Blockchain, Inc  (NASDAQ: RIOT) said as a part of its fourth-quarter results that it has increased its Bitcoin (BTC) hashing capacity by 460% on a year-on-year basis. What Happened: The company said that it more-than-doubled the number of BTC it held on its balance sheet at 1,078 BTC as...