Poolin, the second biggest bitcoin mining pool by total network power, is expanding its crypto lending and financial services businesses.
The China-based manufacturer had cut the pricing for its bitcoin miners by half during the first three months.
The Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week’s halving hammered their profits.
Bitcoin’s third halving, a once-every-four-years occurrence and the most anticipated event this year in the cryptocurrency industry, has finally happened.
Bitmain remains at the center of the crypto economy. But, in China, “mining avengers” are racing to catch up.
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.
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 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 models can now earn 10-20% gross margins after bitcoin’s price jumps to two-month highs.
Micree Zhan persuaded a Beijing municipal agency to stop Bitmain from changing its local legal representative — but not to give him back the title.
A Chinese city in the world’s bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity.
Starbucks and McDonald’s are among the restaurants and retail shops reportedly to be testing China’s central bank digital currency.
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.
The hacker had drained $25 million in cryptocurrency from decentralized finance protocol dForce over the weekend.
The Shenzhen-based firm is rolling out three new top-of-the-line bitcoin miners hoping to eat further into Bitmain’s market dominance.
China is about to launch its national blockchain platform, part of Beijing’s grand strategy to lead the digital transformation of the world economy.
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.
The Beijing-based firm is sending out cash coupons to customers who pre-ordered its latest bitcoin miners at full price.
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, 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.