Ethereum miners dump 30K ETH, stonewalling ‘ultra sound money’ deflation narrative
Ethereum’s switch to proof-of-stake (PoS) on Sept. 15 failed to extend Ether’s (ETH) upside momentum as ETH miners added sell pressure to the market. On...
Category : Crypto Mining
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Sneaky fake Google Translate app installs crypto miner on 112,000 PCs
Crypto mining malware has been sneakily invading hundreds of thousands of computers around the world since 2019, often masquerading as legitimate programs such as Google...
OpenEthereum support ends with the Merge fast approaching
One of the most popular Ethereum clients, OpenEthereum, has ended support for its software in preparation for the upcoming Ethereum Merge. OpenEthereum creates “clients” or...
Cipher Mining splashes $350M on next-gen Bitcoin mining rigs from Bitfury
According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC) on Monday, Cipher Mining will purchase 28,000 to 56,000 next-generation...
Ohio to host BIT Mining’s new 85 MW Bitcoin mining facility
Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85-megawatt crypto mining center in Ohio. As the company that owns...
Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital
Argo Blockchain has secured another loan agreement from Galaxy Digital LP with the mining firm’s Bitcoin (BTC) as collateral. According to an announcement by the...
Canadian border town suspends Bitcoin mining over aesthetic concerns
Massena, a town in New York along the border with Canada, has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area....
A green revolution in crypto mining? Industry answers wake-up call
After having been hailed as a champion of sorts by many within the global digital asset market, Tesla CEO Elon Musk dropped a bombshell on...
Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining
Last week, Cointelegraph reported on the seizure of 3,800 PlayStation consoles allegedly being used to mine cryptocurrency. The confiscated gaming units were among a stash...
A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report
Bitcoin (BTC) plunged 7.38% to hit a five-month low of $29,313 on June 22 as the market faced the prospect of another sell-off, this time...
Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin
The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date gains, with stock in Riot nearly doubling while Hive’s...
Crypto Mining Group BitFury to Investigate Data Analysis with AI
The cryptocurrency mining and chip development firm BitFury has announced plans to set up a new department that will investigate the benefits of ‘big data’...