Hut 8 crypto mining, which runs a joint venture in Alberta with Bitfury, has reportedly laid off more staff. Canadian Bitcoin (BTC) mining firm Hut 8 has reportedly laid off employees at its facilities in the province of Alberta, the Canadian Broadcasting Corporation (CBC) reports April 4. Hut 8’s crypto mining facilities in Drumheller and […]
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Hong Kong’s financial watchdog secretary states that illicit crypto mining operations are subject to local trading law. The secretary of Hong Kong’s Financial Services and the Treasury has stated that crypto mining operations are regulated by local trading law. His written response to Hong Kong’s Legislative Council was published on Wednesday, April 3. The Council […]
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The company also reportedly generated about $7.7 million in revenue through its cryptocurrency mining. Biotechnology company turned mining firm Riot Blockchain reported a 2018 net loss of about $58 million in its financial report released on April 2. Per the report, the company’s net loss was primarily attributable to the noncash aggregate impairments, depreciation, amortization […]
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Liquid has hit unicorn status with the first close of an ongoing Series C funding that puts the company valuation at over $1 billion. Japanese crypto trading platform Liquid has hit unicorn status with the first close of an ongoing Series C funding that puts the company valuation at over $1 billion. The news was […]
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sponsored A mining project with access to large reserves of copper, nickel, cobalt and gold is utilizing blockchain technology to improve ethical sourcing in the industry. A real mining project is planning to utilize blockchain technology to maximize the potential of land rich with precious metal and natural resources. Blue Hill Mining says its project […]
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Israeli cryptocurrency mining firm Bitfarms will reportedly be delisted from the Tel Aviv Stock Exchange due to losses incurred during last year’s bear market. Israeli cryptocurrency mining firm Bitfarms will be delisted from the Tel Aviv Stock Exchange due to the losses caused by last year’s crypto bear market, local business daily outlet Globes reported […]
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5G promises to boost development efforts in IoT and blockchain Analysts have been anticipating the implications of the Internet of Things (IoT) for several years. However, there have been two main impediments to its success: capacity and security. But now, the introduction of a new technology could change that. This year, major carriers like AT&T […]
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Chinese crypto mining giant and ASIC hardware producer Bitmain has announced a launch date of April 9th for its new energy-efficient Antminer S17 series miners. Chinese crypto mining giant and ASIC hardware producer Bitmain has announced a launch date of April 9th for its new energy-efficient Antminer S17 series miners. The news was revealed in […]
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The company thinks an uptick in Bitcoin prices prior to the halving will spur demand for mining hardware. Embattled cryptocurrency mining giant Bitmain has allegedly hinted the release of its new mining hardware could hinge on the 2020 Bitcoin (BTC) block reward halving. The news was reported by English-language Asia news outlet South China Morning […]
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Nornickel is reportedly exploring tokenizing palladium in addition to constructing various digital platforms. Russian billionaire Vladimir Potanin is planning to create cryptocurrency tokens backed by palladium, Bloomberg reported on March 27. Potanin — who is CEO of the Russian nickel and palladium mining and smelting company MMC Norilsk Nickel PJSC (Nornickel) — plans to deploy […]
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