The Trump family is continuing its cryptocurrency efforts, teaming with bitcoin mining firm Hut 8. That company announced Monday (March 31) the launch of American Bitcoin Corp., which will focus on Bitcoin mining and “strategic Bitcoin reserve development.” Backing the company are Eric Trump —...
Cryptocurrency miners are reportedly scrambling to boost their revenues by forging deals with AI developers. As the Financial Times (FT) reported Wednesday (July 17), these miners operate vast, powerful computing sites and have struggled to turn a profit due to high energy costs and reduced...
How much energy does cryptocurrency mining consume in the U.S.? A recent analysis by the Energy Information Agency (EIA) estimates that large-scale cryptocurrency operations consume more than 2% of the country’s electricity. And as Ars Technica noted in a report on Friday (Feb. 2), that’s around...
An already edgey cryptocurrency market was given additional cause for fear Monday following reports that two Estonian nationals have been arrested for their alleged involvement in a massive international money laundering and fraud scheme. According to a Monday (Nov. 21) press release from the U.S....
August 15, 2018
Cryptos are down roughly 69 percent from this year’s peak, and the let down may not let up. Beyond bitcoin, and the altcoins, the coin of the realm is panic. Perhaps that’s because fundamentals are woefully lacking, or are deteriorating.
April 01, 2025
Artificial intelligence (AI)-infused blockchain Ambient has raised $74 million in new funding. That financing, CoinDesk reported Tuesday (April 1), will help the company develop a blockchain that is “ultimately designed as a replacement for Bitcoin,” as co-founder Travis Good put it. The report notes that while that claim may sound far-fetched, Good argues it is based in reality, saying that bitcoin’s […]
March 31, 2025
The Trump family is continuing its cryptocurrency efforts, teaming with bitcoin mining firm Hut 8. That company announced Monday (March 31) the launch of American Bitcoin Corp., which will focus...
July 17, 2024
Cryptocurrency miners are reportedly scrambling to boost their revenues by forging deals with AI developers. As the Financial Times (FT) reported Wednesday (July 17), these miners operate vast, powerful computing...
February 04, 2024
How much energy does cryptocurrency mining consume in the U.S.? A recent analysis by the Energy Information Agency (EIA) estimates that large-scale cryptocurrency operations consume more than 2% of the country’s...