Russia Set to Recognize Bitcoin Mining as Economic Activity

June 10, 2024 Bitcoin.com

According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition

June 10, 2024 Bitcoin.com

Bitcoin

Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining

June 9, 2024 Bitcoin.com

Bitcoin (BTC)

David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice

June 9, 2024 Bitcoin.com

Bitcoin

Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

New York Attorney General Sues Two Crypto Companies for Alleged $1,000,000,000 Pyramid Scheme

June 9, 2024 The Daily Hodl

New York Attorney General Sues Two Crypto Companies for Alleged ,000,000,000 Pyramid Scheme

AWS Mining

The Attorney General of New York is suing two crypto firms for their alleged role in a $1 billion pyramid scheme. In a new press release, New York AG Letitia James announces a lawsuit against crypto exchange NovaTech and crypto mining company AWS Mining for allegedly defrauding hundreds of thousands of customers, 11,000 of which […]

The post New York Attorney General Sues Two Crypto Companies for Alleged $1,000,000,000 Pyramid Scheme appeared first on The Daily Hodl.

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Core Scientific declines unsolicited Coreweave buyout bid

June 6, 2024 Coin Telegraph

Bitcoin mining

The unsolicited buyout bid followed a series of long-term business contracts in which Core Scientific would provide infrastructure for Coreweave.

Core Scientific, one of the world's largest publicly listed mining companies, rejected an unexpected and unsolicited buyout offer from Coreweave, an AI computing and cloud services provider, on June 3.

In a press release, Core Scientific announced that after careful consideration of the unsolicited offer of $5.75 per share, its board rejected the offer, citing a low valuation for the mining company:

Core Scientific concluded that the deal "is not in the best interests of the Company and its shareholders."

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

June 6, 2024 Bitcoin.com

Acquisition

Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up to seven years. Bitdeer and Desiweminer Join Forces in Multimillion-Share Acquisition Deal […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Largest Bitcoin mining firm sold 63% of mined BTC in May

June 5, 2024 Coin Telegraph

Bitcoin mining

Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjusted operations after the halving event.

Mining firm Marathon Digital has sold over 60% of all Bitcoin (BTC) it has mined since the halving took place in late April.

According to Marathon’s monthly report, it sold 390 Bitcoin (BTC) in May, representing more than 63% of its 616-BTC production during the month. As of the end of May, Marathon had $290.4 million in cash and cash equivalents on its balance sheet.

The large volume of BTC sales in May stood out compared to other miners’ figures. Riot Platforms, for instance, disclosed no BTC sales in May, while production reached 215 BTC. Meanwhile, CleanSpark produced 417 BTC last month but sold only a small portion of 2.43 BTC.

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Bitcoin Miner Addresses Dormant for 11 Years Suddenly Transfer $7,000,000 in BTC: On-Chain Data

June 5, 2024 The Daily Hodl

Bitcoin

A handful of Bitcoin miner addresses that have been dormant for more than 10 years suddenly transferred more than $7 million worth of BTC, according to on-chain data. The crypto tracker Lookonchain reports that four miner addresses each earned 25 BTC through mining in 2013. After remaining dormant for 11 years, the miners transferred the […]

The post Bitcoin Miner Addresses Dormant for 11 Years Suddenly Transfer $7,000,000 in BTC: On-Chain Data appeared first on The Daily Hodl.

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s

June 3, 2024 Bitcoin.com

Bitcoin

Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has decreased by at least 74 EH/s over the past week. Bitcoin Network Hashrate Declines Sharply After Brief Uptick […]

Mining

Share this video