Babel Finance is letting bitcoin mining firms put up their machines as loan collateral so the lender can offer them better terms. The loan-to-value ratio (LTV) for these loans is 30%, in part because Babel keeps the freshly mined crypto until the borrower pays back the loan. The LTV is significantly cheaper than the 160%...Read More
Bitcoin’s mining difficulty just reached a record high above 20.6 trillion as more people are mining at a larger scale than ever before thanks to ballooning mining revenue and bitcoin’s parabolic price rally. “A new difficulty all-time high is no surprise considering mining revenue has tripled in recent months,” said Edward Evenson, business development lead...Read More
Crypto-jacking is giving nation-state hackers a decoy for their more malicious attacks, warned Microsoft in a Monday report. The company’s intelligence team said a group called BISMUTH hit government targets in France and Vietnam with relatively conspicuous Monero mining trojans this summer. Mining the crypto generated side cash for the group, but it also distracted...Read More
En+, one of the largest aluminium and power producers in the world, is venturing into crypto mining. En+ decided to enter the crypto space after some experimentation in the field, the firm’s chief financial officer, Mikhail Khardikov, told CoinDesk via a spokesperson. Three years ago the company got mining firm BitRiver as a client, selling...Read More
Bitcoin miner Layer1 Technologies has been dragged into a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm. In a complaint filed in the District Court in the Western District of Texas Pecos Division, the plaintiff, Jakov Dolic, sets out that he co-founded Layer1 with...Read More
Bitcoin mining profitability is in the basement, seeing all-time lows in 2020. Conversely, Bitcoin’s hashrate has surged throughout 2020, propelled in part by mining farms financing new hardware to boost their operations. Bitcoin’s hashrate has taken a dip as China’s wet season comes to an end, but mining professionals predict this will only be temporary,...Read More
Helium’s plan to create a decentralized wireless network may be about to gain altitude. The company, which aims to create a token-powered wireless network for Internet of Things (IoT) devices, announced Tuesday it’s no longer the sole manufacturer of Helium hotspots, which create the Helium network by mining the project’s HNT cryptocurrency. RAK Wireless, a...Read More
Earlier this week, analysts with the cryptocurrency analysis firm Arcane Research were musing that new developments appeared to have slowed in the fast-growing blockchain arena of decentralized finance, known as DeFi. But they predicted any lull was likely to be temporary. “A new boost for DeFi tokens could be right around the corner,” Arcane wrote Tuesday in a...Read More
New research from RSK/IOV’s Sergio Demian Lerner reveals that Patoshi, an early Bitcoin miner assumed by many to be Satoshi Nakamoto, mined using an algorithm that was not included in Bitcoin’s first client release. This finding finally explicates why Patoshi’s hashing patterns are so much different than other, early Bitcoin miners, but raises the question:...Read More
The Russian government wants to know what the country’s data centers are up to, and that includes cryptocurrency mining farms. The Ministry of Digital Development, Communications and Mass Media has published a proposed bill for public feedback, which firstly provides a definition of precisely what counts as a data center. The bill, if passed, would...Read More
