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ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program

The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a…

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Crypto.com Launches US Exchange — Institutional Investors Granted Access First

The digital currency exchange Crypto.com has revealed it’s launching a crypto trading platform in the United States to waitlisted users and then a progressive rollout will follow. Furthermore, the company…

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‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement

A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine…

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Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power

Leading ASIC mining device manufacturer Bitmain has revealed a new bitcoin miner that’s even faster than the company’s last machine, which boasts 198 terahash per second (TH/s). The latest model,…

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Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected

The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused…

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Bitcoin’s Hashrate Jumps 15% Higher in 10 Days, Mining Difficulty Expected to Rise

After bitcoin miners caught a break ten days ago when the difficulty dropped 1.49% lower, the network’s hashrate increased more than 15% since then. Currently, the processing power has been…

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Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years

The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding.…

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Veteran Trader Peter Brandt Gives Gen Zers Advice: ‘Contribute Monthly Savings to Bitcoin and Hold’

Popular commentator and veteran trader Peter Brandt gave advice to Gen Zers on Thursday and said that they should contribute savings to bitcoin and stocks of solid companies. In the…

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Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas

On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement…

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Bitcoin Miner Mawson Inks Hosting Deals With Celsius Mining and Foundry Digital

The bitcoin mining operation Mawson Infrastructure Group (MIGI) has started to make hosting deals with key players in the mining industry. On March 1, Securities and Exchange Commission (SEC) documents…

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