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Marathon Digital Reports Increase in Hashrate, Holds 18,536 BTC

Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon…

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Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US

Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining…

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Marathon Digital Expands Mining Operations to Include Kaspa

Marathon Digital Holdings Inc. has diversified its mining activities by adding kaspa (KAS), a proof-of-work digital asset, to its portfolio. The initiative has already yielded significant results, with the company…

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Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective

Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nation’s 2021 ban on crypto trading. Chengyi Ong, head…

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Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M

Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure.…

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Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis

The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to…

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Foundry to Isolate and Monetize Bitcoin Halving’s ‘Epic Satoshi,’ Distributing Earnings Among Pool Members

Foundry, a digital assets mining and staking company, has announced that it plans to monetize what it has called the “epic satoshi,” the first satoshi of the halving block, via…

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Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the…

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Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments

Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov…

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Bitdeer to Boost BTC Mining Capacity With Proprietary Sealminer A1 Rigs, Eyeing 46 EH/S Milestone by 2025

The Nasdaq-traded company specializing in bitcoin mining, Bitdeer, has unveiled its strategy to boost its overall hashrate by an additional 3.4 exahash per second (EH/s) through the deployment of its…

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