It is always raining uncertainty on the crypto landscape, but the issue with Bitmain, just like FTX, is one that crypto analysts saw coming. Of course, these analysts are students of the principles and criteria of valid inferences and demonstrations…
Bitmain $54 Million Investment in Core Scientific: A Game-Changer in the Blockchain Industry
Introduction In a groundbreaking move that solidifies its position as a leader in the digital currency mining sector, Bitmain has announced a staggering $54 million investment in Core Scientific, Inc. This strategic investment, coupled with a new supply contract, is…
Core Scientific seals $77M Bitmain deal for 27K Bitcoin mining rigs
The agreement, which was initially settled in August, involved Bitmain, a cryptocurrency mining hardware manufacturer with a global reputation for its innovative mining equipment, and Core Scientific, a crypto mining company facing bankruptcy due to a series of challenges. This…
Layer1, an American start-up raises $50 million from billionaire Peter Thiel for Bitcoin mining in Texas
Layer1, an American start-up plans to build a giant hub for Bitcoin mining in Texas. The company has raised $50 million from billionaire Peter Thiel.
is Bitmain Cashstrapped? Questions Rise after reports of Several Layoffs
Several reports indicate that popular crypto mining giant Bitmain could be cash-strapped. Co-founder of crypto-fund, Multi-coin capital, Kyle Samani appeared to indicate the same in his tweet, where he suggested that Bitmain looked set to liquidate some its crypto-assets in…
Bitmain Sues Hacker for Alleged Theft of over 5.5 million in Virtual Assets
Chinese based Bitcoin mining giant Bitmain, has sued an anonymous hacker for the alleged theft of 5.5 million worth of crypto from the mining company’s account back in April. The lawsuit was filed with the US District Court for the…
Crypto Hacks Reach $1.58 Billion as Market Values Rise
The world of cryptocurrency has always been a double-edged sword. While the decentralized nature of digital currencies offers a wealth of opportunities, it also presents significant risks, especially in the realm of cybersecurity. In 2024, the crypto industry has seen…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
