Mining

Provident Bancorp in Amesbury, Massachusetts, beset by a cryptocurrency hit that resulted in a steep third-quarter loss, said it had righted the ship and returned to profitability late in 2022.The $1.6 billion-asset parent of BankProv said in its earnings release in late January that it swung from a net loss of $35.3 million for the third…

Founders established Helium (HNT) as a cryptocurrency in 2018. It is the native currency of the Helium network, which is a decentralized, peer-to-peer network that enables low-power, long-range wireless devices to connect to the internet. Users build and run decentralized applications (dApps) on the Helium blockchain, a decentralized platform…

Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.Porter, who first discovered Bitcoin (BTC) in 2017, told Cointelegraph his path on advocating the benefits of mining has taken him to support…

There are rumors that Dogecoin could switch from proof-of-work to proof-of-stake (PoS). Do I know if Dogecoin is switching to PoS? No. Do I think it’s going to PoS? Probably not.But I love the “what if” game.As a person who works in the crypto mining industry, I do my best to gauge where the market and mining industry are going, along with how…

Crypto lender BlockFi has received approval from the bankruptcy court to invite bids for its mining equipment.  The deadline to submit bids is 20 February.  The U.S. Bankruptcy Court for the District of New Jersey has given the green light to BlockFi to invite bids for its crypto mining business. The approval came a week after…

PRESS RELEASEPublished January 31, 2023 Have you ever thought about how Bitcoin and other cryptocurrencies generate new coins? Here’s a little food for thought for you. In this video, TikTok influencer Crypto Cita explains the concept of crypto mining and how it can benefit you. She explains how every crypto transaction is verified and recorded…

(Bloomberg) -- NFTs are coming to the Bitcoin blockchain, sparking a debate among those who say the digital representations add a much-needed fresh use case and the purists concerned about deviating too far from the origins of the peer-to-peer cryptocurrency network. Nonfungible tokens such as the now infamous Bored Apes and CryptoPunks are one…

The Federal Reserve meeting scheduled on Wednesday may be hawkish for the dollar Bitcoin might give up some of its 2023 gains on a hawkish Fed All eyes are on the Fed’s view on inflation, growth, future interest rates, and…

Downsizing at crypto firms continues with Singapore-based Matrixport slashing its headcount and increasing its focus on accredited investors.  Matrixport Technologies is cutting its headcount by about one-tenth, according to a statement by chief operating officer Cynthia Wu, which was estimated to total approximately 300 in late 2022. «We’ve …

Bitcoin hashrate is becoming highly centralized, with a few mining pools controlling most of the blockchain mining power. The latest data from Mempool indicates that 50% of the total hashrate is held by Foundry USA and Antpool.  A Highly Centralized Mining Network Foundry USA has maintained a hashrate of over 30% of the total Bitcoin network…