Shares of bitcoin mining company Bitfarms (BITF) rose sharply on Tuesday after announcing plans to buy back up to 10% of its outstanding shares. The Toronto-based company said the buyback program, which begins July 28, will allow it to purchase…
Bitcoin transaction fees have been reduced by 90%. This information comes amid debates about what purposes the asset is most suitable for. Some people believe that it is best suited for everyday payments, while others continue to firmly believe that…
Disclosure: The views and opinions expressed here are those of the author alone and do not reflect the views and opinions of the crypto.news editorial board. The global geopolitical situation has deteriorated significantly over the past few years. With Europe…
Russia is preparing to introduce new restrictions on cryptocurrency miners, including tougher penalties for violating existing bans and illegal mining operations. One of the proposed solutions would allow authorities to remotely disconnect cryptocurrency mining facilities from the power grid during…
The debate over whether Bitcoin is a suitable medium of exchange or a store of value has reignited, this time due to falling prices for sending the leading cryptocurrency. Leading Bitcoin blockchain analyst Mempool reported this week that users of…
With Bitcoin’s price increasing by 14.6% over the past month, miners are seeing higher profits. The current price for 1 petahash per second (PH/s) of computing power is around $60.49, which brings additional profits to some of the most popular…