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After Dismissing Staff, Compass Mining Deploys 25,000 Additional ASIC Miners

The American-based bitcoin miner – Compass Mining – intends to add 25,000 ASIC miners to its facility in Granbury, Texas. The deployment is scheduled for August as it will be…

Continue ReadingAfter Dismissing Staff, Compass Mining Deploys 25,000 Additional ASIC Miners

Tesla Sold 75% of BTC Holdings, Crypto Market Reclaims $1T, Ethereum Merge 90% Complete: This Week’s Recap

The past seven days were very eventful, and, fortunately, the week ended up in green. The total cryptocurrency market capitalization reclaimed the coveted $1 trillion level and is currently sitting…

Continue ReadingTesla Sold 75% of BTC Holdings, Crypto Market Reclaims $1T, Ethereum Merge 90% Complete: This Week’s Recap

Bitcoin Dropping to $20K Was the Nail in the Coffin for 3AC, Founders Share

Su Zhu and Kyle Davies – Co-Founders of the distressed cryptocurrency hedge fund Three Arrows Capital (3AC) – explained that accumulative lending agreements and the collapse of the digital asset…

Continue ReadingBitcoin Dropping to $20K Was the Nail in the Coffin for 3AC, Founders Share

Bitcoin Goes Through Largest Negative Mining Difficulty Adjustment in Over a Year

The Bitcoin mining difficulty just went through its largest negative readjustment in over a year, declining by over 5%. The hash rate has also decreased lately, which is somewhat normal…

Continue ReadingBitcoin Goes Through Largest Negative Mining Difficulty Adjustment in Over a Year