Cryptocurrency Market

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  • Market Cap: $2,188,749,060,305.98
  • 24h Vol: $105,142,238,481.48
  • BTC Dominance: 55.87%

Mining

latam-insights:-us-department-of-state-acknowledges-bitcoin-helped-revive-el-salvador’s-tourism,-paraguayan-government-dismisses-power-fee-hike-concerns

Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns

Leave a Comment / Bitcoin, Bitcoin (BTC), Crypto, Crypto Hacked, Cryptocurrency, El Salvador, Ethereum, Mining, News, Paraguay, Tourism, US Department of State / / / , , , , , , , ,

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses concerns about power fee hikes for bitcoin mining activities, and Salvadoran basic goods’ prices reach record highs. US […]

Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns Read More »

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Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud

Leave a Comment / Bitcoin, Columbia County, Crypto, Crypto Hacked, Cryptocurrency, cryptocurrency computer fraud, Ethereum, Mining, News Bytes, News Bytes - 2, prison / / / , , , , , , ,

Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between August 2021 and April 2022, promising to deliver cryptocurrency mining

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hive-announces-plans-to-move-into-paraguay-amidst-bitcoin-mining-power-hike-turmoil

Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil

Leave a Comment / Bitcoin, Bitcoin (BTC), Bitcoin mining, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, hive, Mining, Paraguay, power fee hike / / / , , , , , , ,

Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in the expansion and completion of these plans, likely referring

Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil Read More »

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Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil

Leave a Comment / ANDE, Bitcoin, Bitcoin (BTC), Brazil, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Mining, Paraguay, penguin group / / / , , , , , , ,

The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin

Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil Read More »

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Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs

Leave a Comment / ASIC, Bitcoin, Bitcoin (BTC), block, Core Scientific, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Mining, mining chips / / / , , , , , , ,

Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive 15 exahash per second (EH/s) of Block’s mining ASIC chips, with the possibility of ordering additional silicon

Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs Read More »

clandestine-bitcoin-mining-survives-government-ban-in-venezuela,-albeit-at-small-scale

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale

Leave a Comment / Bitcoin, Bitcoin (BTC), Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Mining, Venezuela / / / , , , ,

According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their farms in undisclosed locations. Clandestine Bitcoin Mining Rises Again

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale Read More »

rising-power-fees-begin-to-drive-bitcoin-mining-companies-from-paraguay-to-argentina

Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina

Leave a Comment / ANDE, Argentina, Bitcoin, Brazil, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Mining, Paraguay, power fees, zapala / / / , , , , , , , ,

The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture between Argentine and Brazilian companies recently announced an 8 MW initiative aiming to generate 200 MW by 2026, and more will migrate according

Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina Read More »

corruption-in-paraguay:-senator-states-illegal-bitcoin-mining-farms-pay-up-to-$500,000-to-operate-underground

Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground

Leave a Comment / ANDE, Bitcoin, Bitcoin (BTC), Crypto, Crypto Hacked, Cryptocurrency, cryptocurrency mining, Ethereum, illegal mining, Mining, Paraguay, Salyn Buzarquis / / / , , , , , , , ,

Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National

Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground Read More »

jpmorgan:-bitcoin-miners’-market-cap-jumps-22%-following-ai-hosting-deal

JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal

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Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion since the announcement. This rise occurred even as bitcoin

JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal Read More »

bitcoin-miners-face-8.4%-profit-decline-amid-falling-hashprice-and-market-pressures

Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures

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In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners has declined as the hashprice, the revenue from 1 petahash

Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures Read More »