Riot Blockchain is relocating a portion of its operations to a facility operated by Coinmint in New York despite it comprising the epicenter of the U.S. COVID-19 pandemic. Bitcoin (BTC) mining firm Riot Blockchain has entered into a deal to relocate a portion of its mining operations to a facility in New York operated by […]
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Despite the bearish times we’ve seen in the crypto market, the industry is maturing, a PwC report suggests. The crypto industry continues to mature, even during these bearish times, according to a recent report from PwC. The Big Four accounting firm’s findings showed that although the number of merger and acquisition deals in the crypto […]
Continue ReadingThe first Bitcoin Cash halving sees miner exodus, declining profitability and no significant upward price action. The quadrennial block reward halving for Bitcoin Cash (BCH) has come and gone, with miner rewards dropping from 12.5 BCH to 6.25 BCH. The event marked a pivotal moment for the fifth-ranked cryptocurrency by market capitalization, as it was […]
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Coinbase CEO Brian Armstrong and the co-founders of Bitmain and Ripple have been included on Forbes’ rich list for 2020. There are more than 2000 billionaires on Forbes’ ‘The Richest in 2020’ list — but only a handful come from the world of cryptocurrency and none of them are named ‘CZ’. Only four entrepreneurs who […]
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Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had a lacking business model, according to recent research. Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research. Research sent to Cointelegraph by Chinese market research firm EqualOcean on March […]
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Publicly-listed mining firm Argo Blockchain has broken its own records for Bitcoin mining, seemingly escaping the adverse impact of the COVID-19 pandemic. London Stock Exchange-listed mining firm Argo Blockchain has broken its own records for Bitcoin (BTC) mining, seemingly escaping the adverse impact of the COVID-19 pandemic. An operational update published by Argo on April […]
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Bitcoin has seen strong gains since the coronavirus triggered sell-off occurred in mid-March but the drop may bring unexpected changes to the mining industry. This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way […]
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The case for an immediate Bitcoin price spike after the halving in May is flawed, past data shows. The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does […]
Continue ReadingWhile a 29% drop in Bitcoin’s hash rate might be due to the miners’ capitulation, analysts point to other factors that could have had a bigger impact. The Bitcoin (BTC) network hash rate took a steep dive on March 26, dropping by a whopping 15.95%, which is a 45% sink from its peak highs of […]
Continue ReadingBitmain’s Antminer E3, an ASIC miner that should have allegedly become obsolete by April 2020, will continue mining Ether at least till October 2020. While some cryptocurrency miners are purportedly shutting down due to unprofitability, Chinese mining giant Bitmain continues to not only see its new products sold out but is also improving some of […]
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