Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%
Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and BTC mining revenues while it tackled a significant net loss of $110 million. up 31% on Q1.The NASDAQ-listed company outlined a variety of reasons influencing incr ...
Worldcoin releases audit reports showing resolved security issues
Proof of humanity protocol Worldcoin released its audit reports on July 28 as criticism of its data collection practices continues to mount. The new reports were conducted by security consulting firms Nethermind and Least Authority. According to an accompanying announcement from World ...
In April, crypto-scanners collected a “catch” of $103 million
This is what the CertiK report Exploits played a special role here Let's explore in detail Analysts at CertiK presented the traditional report on cryptocurrencies. ...
Jack Dorsey’s Block Company Develops Prototype ASIC Chip for Decentralized Bitcoin Mining
Jack Dorsey's Block Company has completed development of a prototype ASIC chip that should accelerate the market entry of an open-source bitcoin mining rig. The Block team claims the new five-nanometer (5nm) chip will be the key to decentralizing bitcoin mining. It will ...
SBI Crypto Files Lawsuit Against Whinstone US Data Center Over Alleged Misconduct
SBI Crypto, a subsidiary of Japanese corporation SBI Holdings, has taken legal action against Whinstone US data center in the District Court of Texas. The mining company has alleged that Whinstone withheld crucial information from its customers, drew up unreasonable contracts, failed to comply wi ...