Miners send millions to exchanges — 5 things to know in Bitcoin this week
Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence.
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Bitcoin miners send record $128M in revenue to exchanges
Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react.
BTC price up, fundamentals down? 5 things to know in Bitcoin this week
Bitcoin begins an “important” week with $30,000 still intact at the weekly close.
Bitcoin miner Core Scientific files its Chapter 11 plan
The bankruptcy plan explained that holders of allowed debtor-in-possession claims would receive full and final satisfaction of their claims.
Bitcoin on-chain data shows miners offloading BTC as revenues shrink
Bitcoin miners have been selling BTC since the start of June, potentially adding further pressure to the BTC price.
Binance Unveils New Cloud Mining Products Amidst Regulatory Turmoil
Binance announced the launch of a new batch of Cloud Mining products for BTC mining in a statement on Wednesday. The exchange’s cloud mining service was released last November and…
Quantum miners would yield ‘massive’ energy savings for blockchain: Study
University of Kent researchers compared three quantum systems to an ASIC miner, and the quantum machines were demonstrably more energy efficient.
Bitcoin mining firms keep building despite BTC mining profitability slump
Crypto mining firm CleanSpark has been aggressively expanding its fleet of mining machines this year, despite mining profitability being far from its all-time highs.
NVIDIA Surpasses $1 Trillion Market Cap
Chip-manufacturing giant NVIDIA (NDVA) surpassed a $1 trillion market cap, bringing the company’s total value close to that of all cryptocurrencies in the world combined. The company’s stock opened at…
Tether moves into Bitcoin mining in Uruguay
As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.
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