Malaysian officials have arrested 28-year-old suspect on charges of allegedly running illicit crypto mining, a Sunday (Jan. 2) report from Micky says. The police have identified 30 mining stations using electricity stolen from the grid. The stolen electricity was valued at RM 2 million ($478,000),...
Without a fairly sharp jump, bitcoin is going to end the year below the $51,000 level at which El Salvador bought its first 200 BTC, a somber note for the largest cryptocurrency’s turn as an official national currency. But then, El Salvador’s President Nayib Bukele...
Cryptocurrency investors have said it’s worthwhile to keep an eye on ether, with that coin performing better than the more popular bitcoin, Bloomberg reported Wednesday (Dec. 29). Although bitcoin saw volatility from the presidential election, the momentum eventually plateaued. Ether has seen notable gains as...
Marathon Digital is set to purchase 78,000 Antminer S19 XP bitcoin miners from Bitmain at a $879.1 million price tag, according to an SEC filing Tuesday (Dec. 28). In a press release, the company said that 13,000 machines will be delivered every month from July...
Crypto saw a drop in the markets early on Tuesday (Dec. 28), which then resulted in around $300 million in liquidations among numerous crypto futures contracts, according to data from Coinglass. CoinDesk reported that there were over 109,000 traders’ positions liquidated in the past day,...
The Central Bank of Bahrain has granted Binance in-principle approval to become a crypto-asset service provider in the kingdom, Binance announced Monday (Dec. 27). Binance says this came after the company applied for a CBB license to become a fully-regulated, centralized crypto exchange. Meanwhile, digital...
Investors in bitcoin are seeing a two-week high, with the popular coin hitting $51,144.62 on Dec. 26, a report says. This comes after a difficult few weeks where the coin saw a 33% drop. That came after bitcoin hit an all-time record on Nov. 10,...
Cryptocurrency in the South American nation of Paraguay could be facing new rules in the new year. The measure was approved by Paraguay’s Chamber of Senators last summer. Under the legislation, virtual assets are defined, and a license would be required to mine cryptocurrencies. It...
Hive Blockchain will likely mine more bitcoin in the third quarter this year compared to the second quarter, the company announced in a Wednesday (Dec. 22) press release. It will also likely see a drop in ether mining because of more competition. Between Oct. 1 and...