Mining
In a new research report, Jefferies noted that Galaxy Digital (GLXY) is well-positioned to benefit from the favorable regulatory environment for cryptocurrencies. Jefferies initiated coverage on the crypto investment bank with a “buy” rating, pointing to the passage of the GENIUS…
Nasdaq-listed bitcoin mining company Mawson Infrastructure Group Inc. has reportedly fired its CEO Rahul Mevawalla amid allegations of fraud and breach of fiduciary duty. The lawsuit was filed in Delaware Chancery Court and the charges range from alleged fraud to unethical…
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 nearly…
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 it…
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 rearming,…
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 periods…
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 the…
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 ASIC…
French lawmakers have stepped up their push into bitcoin mining, saying the country could generate up to $150 million in annual revenue from the sector. In a bill submitted to France's National Assembly on July 11, lawmakers proposed a five-year pilot…
According to the latest data provided by analysts at banking giant JPMorgan, the share of the total Bitcoin network hashrate accounted for by US-based miners registered on the exchange has increased to almost 34%. Interestingly, their share of the hashrate has…
Bitcoin mempool activity has hit record lows and miner fees have fallen significantly, prompting some in the crypto community to express concerns about the long-term viability of the world's most valuable blockchain. According to Blockchain.com, at the time of writing, there…
Bitcoin (BTC) has been steadily setting new all-time highs (ATH) in recent times. At the same time, Bitcoin mining difficulty has also increased and reached a record high, indicating the network is progressing. Overall, the combination of BTC's ATH, increased mining…