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ASIC Heavyweights: These Are the Most Profitable Proof-of-Work Algorithms in 2023

[May 24, 2023 8:30 AM] Eight months ago, there was a significant transformation in the realm of lucrative proof-of-work (PoW) mining algorithms when Ethereum made the transition from PoW to proof-of-stake (PoS). During that period, the prevailing consensus algorithms for…

Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/s

[May 5, 2023 5:30 AM] Stronghold Digital, a leading Bitcoin mining firm, announced the company has entered into a two-year hosting agreement with Cantaloupe Digital LLC, a subsidiary of the bitcoin application-specific integrated circuit (ASIC) manufacturer, Canaan…

Chip Giant Intel Abandons Bitcoin ASIC Production

[Apr 19, 2023 4:00 AM] After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a…

Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet

[Apr 11, 2023 2:00 PM] On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of…

BNB Remains Under Pressure As Regulators Crack Down On Binance

[Apr 6, 2023 9:00 AM] BNB, the native currency of the Binance ecosystem, remains under pressure as regulators continue questioning the exchange’s operations and compliance with local laws. BNB Falls 10% From March 2023 High After rising nearly 60% from December to…

Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025

[Mar 27, 2023 4:30 PM] Despite Bitcoin’s difficulty reaching an all-time high at 46.84 trillion, participants in bitcoin mining have kept the hashrate running stronger than ever before. According to statistics, on March 23, 2023, the hashrate reached a high of 400…

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia

[Feb 27, 2023 9:00 AM] The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528…

Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon

[Feb 25, 2023 1:00 AM] Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused…

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace

[Feb 23, 2023 12:30 PM] A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole…

Australia Gives Its Crypto Watchdogs More Teeth To Fight Scammers

[Feb 4, 2023 5:58 AM] In 2022, the crypto space faced a high rate of scams and fraudulent activities, especially in the DeFi sector. Scammers use phishing, fake ICOs (Initial Coin Offerings), Ponzi schemes, and impersonation techniques to trick people into giving up…

Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?

[Jan 31, 2023 1:15 PM] Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers?

Aussie regulator flagged concerns about FTX months before collapse: Report

[Jan 29, 2023 9:57 PM] Australia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents.

Finder.com sued by Australian regulator over its crypto yield product

[Dec 15, 2022 8:20 PM] ASIC claims a crypto yield-bearing product from Finder’s registered exchange was unlicensed; the firm disagrees but has declined to say if it will fight the suit.

A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo

[Dec 6, 2022 12:01 AM] ASIC's Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch.

Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware

[Dec 3, 2022 11:00 PM] Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting…

Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices

[Dec 2, 2022 3:47 AM] Miners in Russia have likely been increasingly buying crypto ASICs due to reduced prices of mining devices as well as low-cost energy.

Block Earner sued over crypto-yield products, CEO calls for clarity

[Nov 23, 2022 8:01 PM] Block Earner CEO Charlie Karaboga said it was a “disappointing outcome” given it had spent “considerable resources” to adhere to existing guidelines.

Australia Suspends Financial Services License of Local FTX Entity

[Nov 17, 2022 1:30 AM] Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19…