Alex Bergeron: Bitcoin Market Supply Is Dangerously Centralized
The increasing concentration of Bitcoin mining power is causing concern among experts, as it poses a potential threat to the decentralized nature of the digital asset market. Cryptanalyst Alex Bergeron highlights that a few major players now control a significant portion of Bitc ...
Coal corporation Alliance Resource Partners enters the cryptocurrency mining market
Coal mining corporation Alliance Resource Partners presented a financial report for the first quarter of 2024, revealing a unique addition to their business strategy. Alongside their traditional operations, the company announced that they had started commercial operations in the ...
A single miner mined a Bitcoin block and received about $200,000
Yet another instance of a single miner successfully mining a block on the Bitcoin network has emerged. On April 28th, a user of the ckpool, designed for individual miners, managed to mine block 841,286, resulting in the user receiving a substantial reward of 3,125 BTC. ...
“Russia is cutting off the branches of modernity”: what will the ban on the free circulation of cryptocurrencies lead to?
The State Duma is preparing to consider a bill that directly restricts the free operation of cryptocurrency exchanges/exchangers and mining uncontrolled by the Russian authorities. The editors of Bits.media collected expert opinions on the bill: “Rather for”, “Against” and “May ...
Two Oklahoma Senators Introduce Bitcoin Rights Bill
Two congressmen from the Oklahoma State Senate have put forward a unique bill aimed at safeguarding Bitcoin owners against the mounting regulatory pressure imposed by US authorities.The proposed legislation, drafted by Senators Brian Hill and Bill Coleman, calls for gra ...
In Russia they plan to ban the circulation of cryptocurrencies – deputies have announced the exact date
A revised edition of the legislation governing the circulation of cryptocurrencies has been presented to the State Duma of Russia. The authors propose a complete ban on the "organization of cryptocurrency circulation" starting from September 1, 2024, specifically in terms of tra ...
SEC Sues Geosun Mining for $5.6 Million Fraud
The US Securities and Exchange Commission (SEC) has taken legal action against Geosyn Mining, alleging that the company defrauded investors of $5.6 million and misappropriated raised funds. The lawsuit, filed in federal court in Fort Worth, Texas, accused Geosyn Mining CEO Caleb ...
Novosibirsk police liquidated a network of mining farms
Law enforcement authorities have uncovered multiple cryptocurrency mining farms in Novosibirsk, with over five thousand devices seized. Electric power engineers estimate that the illegal connections to power grids have caused approximately 200 million rubles in damage.T ...
Bitfinex: After halving, demand for Bitcoin will be five times higher than supply
Experts at the Bitfinex cryptocurrency exchange have predicted that following the Bitcoin halving on April 20th, demand for the digital asset will surpass supply by a factor of five. This is due to the decrease in daily emission volume. Bitfinex analysts believe that in ...
CoinEx put up an “epic” Satoshi for auction
Cryptocurrency exchange CoinEx has unveiled a unique auction, offering clients the chance to bid on an exclusive "epic" Satoshi. The auction, which began on April 26, 2024, allows users with funds in a CoinEx spot account to compete for ownership of this highly sought-after piec ...