CRYPTO MINING
Venezuela Shuts Down Crypto Mining Operations
Venezuela has closed down crypto mining facilities as part of a national crypto department reorganization and corruption investigation into the country's oil company, PDVSA.
Core Scientific Faces Bankruptcy With Over 78% collapse in Share Value
Bitcoin mining firm Core Scientific to file for Bankruptcy
Greenidge Generation Recruits New Executive Leaders, Forecasts Losses in Q3
Bitcoin mining company and zero carbon power plant supplier Greenidge Generation has announced a transition of leadership and a possible loss in Q3
Latvian National Extradited to the U.S for Crypto and Wire Fraud
Ivars Auzins, a Latvian citizen, accused of committing securities and wire fraud using eight companies that alleged to mine or invest in crypto assets, was extradited to the United States to face a six-count indictment charge.
Core Scientific Offloads 7,202 BTC Worth $167m in June
American Nasdaq-listed cryptocurrency mining firm Core Scientific sold as much as 7,202 Bitcoin units in June, worth approximately $167 million at an average price of $23,000.
White House Heightens Scrutiny on Crypto Miner’s Energy Consumption
Regulatory scrutiny increases as crypto mining activities are rising and consuming huge amounts of energy.
Bit Origin Limited Signs LOI to Acquire 30.62% Equity Interests in Horizon Mining Ltd
The planned acquisition would be another major step forward for Bit Origin Limited to accelerate its efforts into the crypto mining business.
Nvidia Agrees to Pay $5.5 Million to SEC Fine for Failure to Crypto Mining Disclosures
The SEC said it found that Nvidia misled investors in 2017 and 2018 on how cryptocurrency contributed to the profits in its gaming business.
Iran to Introduce Additional Penalties for Illegal Crypto Mining
The Iranian government is going to pass new regulations to increase the penalties for illegal cryptocurrency mining using subsidized electricity.
Spanish Lawmaker Tables a Proposal to be Bitcoin Mining Hub after Kazakhstan Internet Shutdown
Maria Munoz, a member of the Congress of Deputies, seeks to make Spain a Bitcoin mining hub following the turmoil that was continually rocking Kazakhstan.
Bitcoin Slips to 4-Month Low as Kazakhstan Internet Shutdown Hampers Mining
Bitcoin dropped below $42K for the first time since September 2021 as the market remains in the red.
Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season
Iran is banning cryptocurrency mining for the second time this year in order to reduce the strain on the nation’s power grid.
Crypto Market Capitalization Inches Closer to $3 Trillion
The cryptocurrency market capitalization is a stone’s throw away from the $3 trillion mark as it stands at $2.96 trillion.
Ethereum Miner Balances Hit a 50-Month High as ETH Leads in NFT Sales
Ethereum (ETH) miners have seen their holdings go through the roof to the tune of $1.85 billion.
Publicly-Traded Bitcoin Miners’ Accumulation Goes a Notch Higher
As Bitcoin (BTC) surpassed the $55K level for the first time since May, publicly-traded miners have been cashing in as they have been in an accumulation stage.