As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool

Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.

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Bearish Signal: Why Bitcoin Miner Sell-Offs May Continue

Bitcoin miners have borne the brunt of the bear trend since it began. They watched cash flow plummet on their machines, forcing them to look to other ways to finance their operations. The natural response to this was for public miners to dip into their bitcoin reserves and begin selling off BTC to keep their operations going.

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China Forces Crypto Miners to Close Shop Causing Bitcoin Price to Plummet

China started closing down Bitcoin mining operations as it sees the crypto activities as a threat to the environment; on top of that, the decentralized network and unregulated business operations can open avenues for illegal activities.

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Bitcoin Price Decline Prompts US Mining Firm to Shut Down ‘Indefinitely’

Digital Farms is halting operations due to low bitcoin prices, its owner says.

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Singapore bitcoin exchange Wowoo halts operations

Wowoo Exchange Singapore (WES), a cryptocurrency trading platform, announced recently that it will halt operations. The exchange company launched the business back in June 2019. WES offered Singapore dollar trading on bitcoin (BTC) and ether (ETH) along with a BTC/ETH market.

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Zero Interest, Limitless Repo and QE4: The Federal Reserve’s Market Operations Explained

The Federal Reserve is dropping rates to zero and offering trillions in liquidity to the U.S. financial system. What is the Fed doing, and how does it work? The post Zero Interest, Limitless Repo and QE4: The Federal Reserve’s Market Operations Explained appeared first on Bitcoin Magazine.

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Genesis Mining: If Economic Crisis Deepens Bitcoin Will Shine as the New Gold

Philip Salter, head of operations at Genesis Mining, believes thatBitcoin will finally become the new gold in face of economic meltdown

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Crypto Hedge Fund Goes Belly Up After Bitcoin Price Drop to $3.8K

Collateral damage from last weeks 50% Bitcoin correction continues to arise as crypto hedge fund Adaptive Capital shutters all operations

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Bitcoin (BTC) Bulls Say It's Time for 'Plan B' as Fed Ramps Up Repo Operations

Anthony Pompliano claims that the Federal Reserve doesn't plan to stop after announcing $1 trln repo operations that will be conducted every day till the end of March

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Bitcoin Companies Under Investigation by Indian Government

Lawmakers in India are investigating the operations of Bitcoin and crypto companies in the country over suspected fraudulent activities. India’s Lower Parliament Looking into Bitcoin Companies According to a document released by Lok Sabha — the lower house of India’s bicameral parliament, some lawmakers in the country want the Executive to look into the activitiesRead MoreRead More.

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Crypto market structure “broke” last week but BitMEX wasn’t the cause, says crypto fund manager

The managing partner and co-founder of crypto hedge fund Multicoin Capital, Kyle Samani, says that the crypto market structure “broke” last week on account of a bottleneck in the Bitcoin blockchain and miners shuttering operations.

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Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin

Layer1 is not the only mining company to launch flagship facilities in Texas, with Bitmain and Northern Bitcoin vying for their Texas-based operations to be the largest worldwide

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Bitcoin (BTC) Price Analysis (February 28)

Key Highlights                                                                                               BTC/USD market operations have been hovering close […]

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Margin.de Review 2020 – Crypto Bot (ex.Leonardo) + 10% Discount Code

Leonardo was one of the first and almost legendary bitcoin trading bots that was shut down in 2017, after 3 years of successful operations. However, the software and source code got purchased by Margin and relaunched under their name – Margin.

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Bitcoin (BTC) Price Analysis (February 27)

Key Highlights BTC/USD trade operations still feature in a bearish outlook. There may soon be a consolidation price move in the BTC/USD market. The price point at $9,000 remains the key technical spot in determining any tangible upsurge in the BTC/USD crypto-trade.

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Finnish Customs Sitting on $14 Million Bitcoin (BTC) Stash

Finland’s Customs, locally known as Tulli, is considering auctioning some 1,666 bitcoins (BTC) worth approximately $14 million seized during a successful drug bust back in 2016.   Authorities Concerned About Selling Bitcoin To Criminals According to local news outlet Yle, Finland’s Customs agency is considering auctioning some 1,666 BTC seized from criminals and illegal drug operations.

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Layer1 opens Texas Bitcoin Mining Operation

While China has long dominated Bitcoin mining, new operations in the U.S. are poised to pull the industry further West.

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Bitfury unveils new white-label bitcoin (BTC) wallet for business

The Bitfury Group, a full-service blockchain technology company, today launched a white-label bitcoin wallet to help businesses integrate bitcoin payments into their operations. Designed by Bitfury’s Peach payments engineering division, the Peach White-Label Wallet is a user-friendly and fully customizable mobile bitcoin wallet for businesses.

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US Bitcoin Miner Aims to Repatriate 30% of Hash Rate Citing National Security

New US Bitcoin mining outfit Layer1 has launched operations and aims to ‘repatriate’ 30% of the hash rate for the sake of ‘national security’

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Bitcoin (BTC) Price Analysis (February 13)

Key Highlights BTC/USD market operations now face a level of price correction. The US dollar now has a brighter chance to increase its force over the most-famous cryptocurrency. The BTC/USD market point at $10,400 line remains a critical index in determining  a further rise in this crypto-trade.

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The Coronavirus Threatens Chinese Bitcoin Mining Operations

The coronavirus has affected many aspects of life in China. Contrary to what most people assume, it can affect Bitcoin mining operations as well. One mine located in a remote suburb has been shut down as a precautionary measure.

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Bitcoin exchange and derivatives platform BTSE moves to BVI

BTSE, a Dubai-originated crypto exchange and derivatives platform, revealed that it has moved its business operations to the Britsh Virgin Islands (BVI). The company says that since it had not seen concrete progress from Dubai regulators in actualizing real legislation, it no longer wanted to deal with the uncertainty.

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Crypto Ransomware Paralyzes California School District

A crypto ransomware attack shut down the Mountain View-Los Altos school district servers and phone system on Wednesday. The malicious software demanded Bitcoin as ransom to restore service. District Operations Have Been Frozen By shutting down file access on the district’s servers, the crypto ransomware has created tremendous problems for teachers and administrators.

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Coinbase Custody Expand Operations to Europe via Its Ireland Office 

Coinbase Custody, the standalone, independently-capitalized bitcoin (BTC) and crypto custodial platform from the stables of Coinbase exchange have announced the launch of Coinbase Custody International.

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Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban

Zebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including a crypto-to-crypto exchange and a way […] The post Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban appeared first on Bitcoin News.

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Bitcoin and Terror-financing: a game of 'catch me if you can'

A long-stated critique of cryptocurrencies is its use in financing terror operations. One could understand how that claim can be drawn. The link between a nefarious currency born from the internet, usThe post Bitcoin and Terror-financing: a game of 'catch me if you can' appeared first on AMBCrypto.

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Bitcoin Cash Miner Jiang Zhuoer Answers Infrastructure Funding Questions

On Wednesday, Btc. top founder Jiang Zhuoer disclosed that five mining operations had plans to donate roughly $6 million in coinbase rewards (depending on market prices) to developers building Bitcoin Cash infrastructure.

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Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block Rewards

A group of Bitcoin Cash mining pool operations have decided to help fund BCH infrastructure development. On January 22, Btc. top founder Jiang Zhuoer revealed that five mining pools are preparing a short-term developers donation plan.

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$7 Trillion AUM Giant Fidelity Posts Job Opening For Bitcoin Mining Engineer

Fidelity is looking to expand operations and as a result, is hiring a Bitcoin (BTC) mining engineer to help with the design, maintenance, and build-up of its mining infrastructure. The asset management giant has more than $7 trillion in customer assets and as said before, it’s looking to expand. The announcement to hire a BTC […]

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London-Listed Argo Blockchain Reports 10-Fold Increase in Bitcoin Mining Revenue in 2019

For its first full year of operations, Argo says it generated just over $11 million in revenue

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Bitcoin’s Advantages Highlighted by Huge Global Gold Repatriations

The last few years have seen massive gold repatriation efforts by major economies take place. The sheer scale of the operations required to securely move billions of dollars worth of bullion neatly highlights the advantages of Bitcoin over the shiny, yellow metal.

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Is Russia’s New Prime Minister Good for Bitcoin?

Cryptocurrency is not money, while operations with it should be taxed – this and other statements were previously made by Mikhail Mishustin, who is now Russia’s new Prime Minister. Russia to Become a Digital Platform Nevertheless, despite the fact that Mishustin doesn’t seem to shift the government’s approach towards cryptocurrencies, he is an avid fan of digitalization, and this is a plus for the crypto world.

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Oliver Stauber joins crypto exchange Bitpanda as Chief Legal Officer

Bitpanda, an Austrian-based bitcoin/crypto exchange company, which last summer expanded operations outside of the EU, announced today Oliver Stauber has joined Bitpanda’s C suite as its new Chief Legal Officer.

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Bitmain, DMG Blockchain Cancel Texas Mining Agreement Due To ‘Cost and Operational Efficiencies’

One of the world’s biggest Bitcoin mining firms, Bitmain, announced on Thursday the end of their agreement with Canadian based DMG Blockchain Solutions, which took up management of Bitmain’s mining operations in Texas in October 2019.

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Bitcoin hashrate surges to all-time high after Chinese government pressures miners to scale down operations

Just after regional authorities reportedly urged Bitcoin miners to reduce electricity consumption in Sichuan — a province that could account for up to 50 percent of global hash power — BTC’s hash rate rocketed to a new all-time high.

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Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages

Chinese Bitcoin mining farms feel pressure from local authorities to scale down their mining operations during the dry season

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Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies.

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Bitmain Supplies 4,000 Antminer S17 Pros to Nasdaq-listed Company

At a time of intense competition in the bitcoin mining space, Nasdaq-listed crypto mining firm, Riot Blockchain, is ramping up operations. The company has purchased over 4,000 Bitmain Antimer S17 Pros for its Oklahoma mining facility in the last month.

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Simplecoin Shuts Down Amidst Regulatory Uncertainties

Simplecoin, one of the most credible Bitcoin mining pools, has announced that it would shut down operations on January 1, 2020, due to the impending implementation of the fourth European Union Anti-Money-Laundering (AML) Directive by member states, according to a press release on December 15, 2019.

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Money on Chain launches first Bitcoin-collateralized stablecoin on RSK network

After eleven months of simulations, testing and two audits, Money on Chain has announced the Alpha version launch of its decentralized stablecoin protocol on the RSK network. Backed by Bitcoin, the protocol is comprised of two tokens that provide several use cases for Bitcoin holders, including leveraged Bitcoin operations.

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Bitcoin's volatility might be tamed by institutional entry: OKEx's Cheung

In a recent interview, Andy Cheung, Head of Operations at OKEx, discussed the overall developments in the crypto-derivatives market and spoke about the resurgence of regulatory compliance within varioThe post Bitcoin's volatility might be tamed by institutional entry: OKEx's Cheung appeared first on AMBCrypto.

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Bitcoin Hashrate Futures Coming in 2020, Mining Boom Inbound?

Mining companies may benefit from a growing market for Bitcoin (BTC) derivatives to finance and support their power-hungry operations. In 2019, despite price fluctuations, mining activity remains near all-time highs.

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How to Keep Crypto Mining Operations Profitable

Known as digital gold, Bitcoin (BTC) is the most well-known cryptocurrency. Since the moment the Bitcoin network came into existence back in 2009, this crypto coin already had a value associated with it.

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Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining.

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Challenges Faced by Running Mining Operations and How to Mitigate Against it  

Whenever bitcoin mining is mentioned, it is normal for the mind to drift towards pickaxes, and getting oneself messed up with dirt while striking it big. Such thoughts aren’t far fetched from the actual meaning of bitcoin mining.

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Bitcoin Mining in North America: A New Gold Rush in the New World

Where, why and how bitcoin mining operations are emerging.

The post Bitcoin Mining in North America: A New Gold Rush in the New World appeared first on Bitcoin Magazine.

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Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit

Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0. 12 per kWh are profiting at current prices.

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India: Minister Says Government Working on National Level Blockchain Framework

According to a report by The Economic Times published on November 27, 2019, the Indian Minister of State for Electronics and Information Technology (MeitY) – Sanjay Dhotre – has stressed the importance of blockchain technology in streamlining operations in various domains such as governance, banking and finance, and cybersecurity.

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Adaptive Capital’s Misir Mahmudov: Bitcoin Can Take the World Out of Debt, Helps Millions Save

Misir Mahmudov is the author and operations associate for a crypto hedge fund called Adaptive Capital.  As the US dollar loses its real-world value, Bitcoin price models may become useless. Bitcoin arose as a result of a massive financial crisis, and it has become a growing industry since then.

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