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,...
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...
The IRS confiscated $1.2 billion in cryptocurrencies in 2021, which was an eightfold increase from the 2020 amount of $137 million, CVBJ.biz reported. Jarod Koopman, head of the IRS cybercrime unit, said the division tracks crypto for crimes including tax evasion, false tax returns and...
Cryptocurrencies have added $1.5 trillion in value this year as they continue to be a force in the market, Bloomberg reported. Bitcoin has been up over 60% this year and seen much of the attention, although others like Ether and Binance Coin have been thriving...
Travala.com, a global travel company, is now accepting bitcoin payments on the Lightning Network using OpenNode, according to a press release. Travala CEO Juan Otero said in the release the move is a “significant and much-needed step” toward increased crypto adoption around the world. “At...
Ledn, a crypto lending firm, has pulled in $70 million in fundraising, according to a press release. The company is now valued at $540 million. “Since inception, Ledn has processed over $450 million in loan originations, with 90% of those originations occurring during 2021,” Ledn...
The Twitter account of India’s Prime Minister, Narendra Modi, was hacked Sunday (Dec. 12) morning, with a fake tweet proclaiming that bitcoin was now legal in India and that 500 bitcoin would be distributed among residents, according to a Coindesk report. This was the second...
Paraguay might be the first country after El Salvador to make bitcoin a legal tender, per a Thursday (Dec. 9) report from The Cryptonomist. The proposed bill will reportedly delve into the possibility of bitcoin becoming an official currency in the country. “The purpose of...
