Poolin, the second biggest bitcoin mining pool by total network power, is expanding its crypto lending and financial services businesses.
Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut
The China-based manufacturer had cut the pricing for its bitcoin miners by half during the first three months.
Bitcoin Mining Difficulty Drops by 6% In First Adjustment After Halving
The Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week’s halving hammered their profits.
Bitcoin Halving Arrives: Mining Rewards Drop for Third Time in History
Bitcoin’s third halving, a once-every-four-years occurrence and the most anticipated event this year in the cryptocurrency industry, has finally happened.
The CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining
Bitmain remains at the center of the crypto economy. But, in China, “mining avengers” are racing to catch up.
Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.
One of Bitcoin’s Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds
Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6600 bitcoin, worth $66 million, to a new fund of funds.
Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving
Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55 T recorded in March.
Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving
Older mining models can now earn 10-20% gross margins after bitcoin’s price jumps to two-month highs.
Ousted Bitmain Co-Founder Wins Partial Victory in Latest Legal Battle
Micree Zhan persuaded a Beijing municipal agency to stop Bitmain from changing its local legal representative — but not to give him back the title.
Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower
A Chinese city in the world’s bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity.
Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report
Starbucks and McDonald’s are among the restaurants and retail shops reportedly to be testing China’s central bank digital currency.
China’s Rainy Season Is Coming. This Time Bitcoin Miners Aren’t Investing
With bitcoin’s price drop and imminent halving, mining farms in China are struggling to fill slots despite the coming rainy season, when power is cheap.
dForce Hacker Returns Almost All of Stolen $25M in Crypto
The hacker had drained $25 million in cryptocurrency from decentralized finance protocol dForce over the weekend.
MicroBT Rolls Out 3 New Bitcoin Miners to Compete With Bitmain Ahead of the Halving
The Shenzhen-based firm is rolling out three new top-of-the-line bitcoin miners hoping to eat further into Bitmain’s market dominance.
Inside China’s Plan to Power Global Blockchain Adoption
China is about to launch its national blockchain platform, part of Beijing’s grand strategy to lead the digital transformation of the world economy.
Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency
The Agricultural Bank of China has rolled out an internal test interface for the nation’s central bank digital currency, allowing whitelisted users to register and trialing certain functions.
Bitmain Partially Refunds Bitcoin Miner Buyers After Price Cuts
The Beijing-based firm is sending out cash coupons to customers who pre-ordered its latest bitcoin miners at full price.
New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate
Greenidge Generation, an upstate New York power plant that’s using proprietary facility to mine bitcoin, has sold up to 30 percent of its computing power to institutional buyers.
Bitcoin SV’s First Halving Crimps Profits for BSV Miners
Bitcoin SV, the network that split off from the Bitcoin Cash blockchain in late 2018, has cut its miners’ block reward in half for the first time.