Natural Gas Price Hike Hits Crypto Miners in Iran
Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new…
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Bitcoin Risks Major Selloff as Miner Woes Continue
Between sunken BTC prices, the dropping value of mining rigs, rising electricity costs, and a soaring hashrate, Bitcoin mining operations are facing difficult market conditions. Tough Times for Bitcoin Miners...
New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament
A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian…
Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine
The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce…
‘Sleeping Bitcoin’ Spends Slow Down Considerably in 2022, as 92 Decade-Old BTC Worth $1.79 Million Wake Up
While the price of bitcoin has remained range bound and coasting along just above the $19K zone, over 60% of the bitcoin in circulation has not moved in a year…
Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft
The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed…
Bitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’
Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study…
Here’s how Bitcoin pro traders plan to profit from BTC’s eventual pop above $20K
Traders who believe BTC will break above $20,000 could use this low-risk options strategy to cast a long bullish bet.
Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners
The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe.
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled…
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