Mining
Z Squared, a company that mines dogecoin (DOGE), the popular dog-themed meme coin made famous by Elon Musk in 2021, is teaming up with biopharmaceutical firm Coeptis (COEP). The merger will allow the new entity to continue mining DOGE, while Coeptis'…
Bitcoin's second-layer scalability solution, Fractal Bitcoin, has significantly improved network security by partnering with one of the largest cryptocurrency mining pools. Fractal Bitcoin (FB), a layer 2 solution for the Bitcoin (BTC) network, has recently achieved a major security success. On…
Paraguay's Industrial Union (UIP) has warned that if demand for electricity continues to increase due to the rise of bitcoin mining, the country's energy system could be at risk as early as 2029. The union has suggested considering diversifying the country's…
Galaxy Digital (GLXY) announced a strategic alliance with CoreWeave (CRWV), strengthening its ambitions in the rapidly growing field of artificial intelligence (AI) and high-performance computing (HPC) data centers. As part of the new agreement, CoreWeave will gain access to an additional…
The number of Russian regions where cryptocurrency mining is partially or completely banned is likely to grow: three more regions will appeal to Moscow to impose a ban. A government commission will consider new requests next month, but authorities have already…
Bitcoin (BTC) mining company Riot Platforms (RIOT) has signed a $100 million loan agreement with Coinbase's lending arm, using bitcoin as collateral to secure short-term funding for its continued growth. The publicly traded mining company said in a press release that…
Los Angeles Police Department detectives recovered more than $3.9 million in stolen goods, including $2.7 million in Bitcoin miners, after tracking down a cargo theft ring at a warehouse in San Pedro, California. LAPD Cargo Theft Squad operatives, working with Port…
Kuwait's Ministry of Interior (MoI) has issued a statement stressing that cryptocurrency mining is illegal in the country and does not require a license. Kuwait's Ministry of Electricity, Water and Renewable Energy officials indicated that there are more than 1,000 cryptocurrency…
Pakistan has become the latest country to consider mining cryptocurrency using surplus electricity amid an economic crisis that has reduced demand for electricity in the South Asian nation. The new initiative is being led by the newly formed Pakistan Cryptocurrency Council,…
GoMining's Bitcoin mining game Miner Wars updated its features on Tuesday, introducing newbie-friendly “welcome packages” and a “clan league” option for competitive users, increasing GameFi's real-world Bitcoin mining capabilities. GoMining reports that since the launch of Miner Wars in September, the…
Cryptocurrency mining company Bitdeer recently raised $60 million in funding to expand its production of ASIC devices designed for Bitcoin mining and strengthen its DIY mining operations. This comes amid increasing competition in the space. The investment comes in a context…
Some participants in the Bitcoin (BTC) mining market have a habit of systematically understating the value of mining equipment shipments to U.S. Customs and Border Protection (CBP) in order to reduce customs duties, multiple sources familiar with the practice told CoinDesk.…