Mining

(Reuters) - Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation.A bankruptcy filing has been expected for weeks, after the company froze customer redemptions on Nov. 16 following the downfall of major…

Bitcoin, the world’s biggest cryptocurrency, isn’t issued by a central bank. Rather, it is created or ‘mined’ by ordinary people – or at least it was until professional mining operations emerged. Bitcoin mining is a way to acquire valuable bitcoins without paying for them directly. However, the cost of the computer hardware,…

A look at five gaming projects that have caught the eye in the Pi Network Hackathon.Prospective GameFi Projects on Pi NetworkPi Network launched its latest hackathon on January 9th, and since then, over 2000 projects have registered to participate in the event to showcase their work to the large community.The hackathon features project teams and…

New York, NY, Jan. 13, 2023 (GLOBE NEWSWIRE) -- After studying and developing cryptocurrency investment trends for several years, the Miner US platform was successfully launched, delivering cloud mining plans to investors and earning crypto revenue. To cultivate a strong presence within the crypto community, Miner US offers cloud mining…

As cryptocurrency mining becomes an increasingly popular method of obtaining digital assets such as Bitcoin (BTC), one national park in eastern Congo has decided to put its natural resources to use in order to mine the flagship decentralized finance (DeFi) token. Specifically, the leadership of Virunga National Park, which was stricken by…

Blockchain – the distributed, decentralized system that helps verify crypto transactions and record ownership of NFTs – requires a massive amount of computing power and electricity. And as the NFT marketplace and other Web3 technologies continue to expand, the environmental impact of blockchain has been growing. Why Blockchain, NFTs, And Web3…

Bitcoin (BTC-USD) rose nearly 8% on Thursday to near a two-month high following December inflation data as sentiment continues to improve in the cryptocurrency market.At its highs on Thursday, bitcoin traded hands as high as $19,091, the highest level since the collapse of FTX in early November.This jump followed inflation data out earlier in…

Image Source: CCN.comSome financial experts with a specialty in bubbles believe crypto is either one of the biggest bubbles in history or a smart Ponzi scheme not seen before. 2022 can be considered one of the worst years for the crypto ecosystem as a number of high-profile DeFi and…

Flare, a new layer-1 Ethereum Virtual Machine blockchain platform, has gone live with the launch of two core protocols aimed at powering decentralized interoperability applications.The platform serves as an oracle network that allows developers to build applications that are aimed at being interoperable with different blockchains and internet…

Instead of using in-house hardware to mine cryptocurrency, as would drive up electricity costs significantly, miners can turn to “cloud mining.” Hashing still requires rigs and servers, but you aren’t in charge of them; rather, it’s done by independent mining facilities. To participate in cloud mining, users would lease mining hardware and/or…