Sam Bankman-Fried, the CEO and founder of crypto exchange FTX, revealed that he was looking at the option of making acquisitions in the limping crypto mining sector, according to a Bloomberg report. ...
Tag: Miners
Bitcoin Miners Likely Behind Crash Below $19K, Here’s Why
Bitcoin prices have registered a drop of over 10% in the past 7 days. The data suggest that high selling pressure from BTC miners has directed its price to crash below the crucial price level of $19K....
Crypto Billionaire Sam Bankman-Fried Inks BlockFi Deal, Eyes Distressed Miners Next
(Bloomberg) — Sam Bankman-Fried, the co-founder of crypto exchange FTX US who just signed a deal with BlockFi Inc., said he’s open to exploring acquisitions in the battered crypto-mining industr...
FTX CEO SBF Acquiring Crypto Miners Next? Here’s The Truth
FTX’s CEO Sam Bankman-Fried is on an acquisition spree. After rescuing many crypto firms from insolvency risks, FTX’s U.S. subsidiary has finally entered a deal to acquire BlockFi for around $240 mill...
Nvidia Cards Tumble in Price as Crypto Miners Capitulate
The price of Nvidia GPUs is tumbling as crypto miners capitulate, with prices on the secondhand market down by as much as 50%. The price of NVIDIA shares fell by 15% this week, down from $173.04 on Mo...
National Agency of Prospective Projects (NAPP) In Uzbekistan Green Lights BTC Miners
Cryptocurrency and BTC mining have been one of challenging issues to handle in regulations by different jurisdictions. Many have enacted various laws to control some of the environmental aftermaths of...
Uzbekistan Sets Regulations for Crypto Miners – crypto.news
The National Agency for Prospective Projects of Uzbekistan (NAPP) has framed a regulation on registration for crypto miners. The executive order exempts all mined assets from taxation and prohibits mi...
Uzbekistan Presents Registration Requirements for Cryptocurrency Miners – Regulation Bitcoin News
Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to r...
Bitcoin ASIC Miners Plummet To Lowest Price Since Jan 2021
Data shows the price of the Bitcoin ASIC miners has plunged down to the lowest value since January of last year as mining profitability drops off. Prices Of Bitcoin ASIC Miners Have Observed A Decline...
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Margin calls are coming for cryptocurrency miner...
Bitcoin miners are facing harsher conditions despite easier mining difficulty
Despite the decline in mining difficulty, Bitcoin (BTC) miners are facing harsher conditions in the market due to the rising costs of energy and hardware, Coin Metrics’ special State of the Network re...
What Happens To Bitcoin Miners If Price Keeps Dropping?
Bitcoin miners have been in a bind for a while now. When the price of the digital asset dropped, it inadvertently affected the cash flow and profits made from mining activities. Hence a lot of miners ...
Bitcoin Miners Bail out as Energy Prices Soar and Profitability Plunges
More and more Bitcoin miners are throwing in the towel amid soaring energy prices and plunging profitability. This has had a knock-on effect on hash rates and difficulty, which are also starting to fa...
Bitcoin Miners Break Off HODLing, Initiate Selling Following A Major Bear Market
The ship of digital assets’ has been wobbling a lot lately, affecting cryptocurrencies and crypto-related entities. Bitcoin miners seem to be stepping back gradually with Bitcoin holdings as the cryp...
Bitcoin miners unmoved by BTC price crash as mining power remains stable
As Bitcoin (BTC) struggles to sustain its price above the crucial $20,000 level, the asset’s mining hash rate appears to have stabilised, indicating that the flagship cryptocurrency’s volatile price m...
Bitcoin’s Next Headwind: Struggling Crypto Miners
Text size Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, furth...
Bankman-Fried Is Looking At “Secretly insolvent” Small Exchanges & Crypto Miners
It’s Sam Bankman-Fried’s moment. The FTX and Alameda Ventures golden boy put both of his companies in a winning position and seems to be carrying the spoils away. The recent Forbes piece about secretl...
Bitcoin miners began to sell-off amid crypto winter
Bitcoin miners are forced to faucet into their cryptocurrency stashes as a plunge in prices, rising energy prices and multiplied competition bite into profit. The amount of coins miners are causation ...
Bitcoin Miners Fight for Survival as Crypto Winter Deepens
Key Insights: Public BTC mining companies are still selling their stashes. Those with the lowest production costs and debts will likely survive. Many mining firms will be forced to sell their hardware...
Luxor Launches Hosting Marketplace for Bitcoin Miners Amidst Build-Out Delays
“There have been widespread delays in infrastructure build outs due to supply chain constraints, operational complexity and power delays,” Lauren Lin, Luxor’s Operations Manager told CoinDesk. “...
Bitcoin (BTC) Price Decline Hits Miners Hard, Forcing To Liquidate Holdings
11 hours ago | 2 mins read Bitcoin News Almost $4 billion in mining-rig-backed loans are in jeopardy. Bitcoin miners who need to sell would continue to exert downward pressure. Miners have been hit h...
Bloomberg Report Reveals That Miners Are Underwater With Almost $4 Billion In Bitcoin Miner Loans
On Friday, Bloomberg reported that Miners are struggling to repay around $4 billion in loans that are backed by their equipment. The crypto market recently went through one of its rough patches in Ma...
Why does JP Morgan think that bitcoin miners continue to sell bitcoin till Q3?
To eliminate the possibility of liquidating and breaking even the losses, major bitcoin miner firms have seen to sell their bitcoin Amidst the crypto market crash, the circumstances came down to this ...
Bitcoin [BTC]: Miners may be capitulating, but is that all there is to it
Bitcoin’s [BTC] standing revolves around investors and HODLers, but it also depends on BTC miners. As opposed to just relying on broader market cues, Bitcoin enthusiasts should also pay attention to m...
Miners Facing Hard Times as BTC and ETH Push to Reclaim Prior Highs – crypto.news
On-chain data suggests that a miner capitulation event has occurred, which typically precedes market bottoms. There is also a decline in the Ethereum hash rate, meaning that miners have to sell their ...
Bitcoin Energy Consumption Declines as Miners Grapple With Falling Revenue
Bitcoin mining is no longer consuming as much energy as before, according to a Cambridge Bitcoin Electricity Consumption Index report, which shows a 25% decline in energy use since the start of the mo...
Bitcoin Miners Struggling To Break Even As Hashrate Soars – crypto.news
The flagship cryptocurrency, Bitcoin, has been outperforming other cryptocurrencies for over a decade. However, Bitcoin mining is facing a rough time amid the recent crypto market correction. Miners i...
Is Bitcoin [BTC] doing enough to allure deeply-affected miners
Bitcoin‘s massive correction triggered a series of sell-offs in the cryptocurrency market. This has directly affected HODLers. In fact, Bitcoin miners have turned into net sellers of the king token, w...
Bitcoin and Ethereum Miners Struggle to Remain in Profit ! – Coinpedia – Fintech & Cryptocurreny News Media
With rising energy costs and cryptocurrency prices declining, bitcoin miners are finding it difficult to remain profitable, putting several significant businesses in danger of going out of business. A...
Crypto Miners Pose Risk to Lenders as ‘Crypto Winter’ Continues to Strain Business
Loans to the tune of $4 billion, that are backed by crypto mining equipment, are facing potential default risk as per a report by Bloomberg released Friday. The development comes on the back of a turb...
Bitcoin Miners To Exchange Flow Taps 7-Month High As The Crypto Winter Gets Colder ⋆ ZyCrypto
Advertisement     The ongoing crypto winter seems to have caught up with Bitcoin miners as they are now sending a ton of coins to exchanges. This week, Glassnode’s Bit...
Bitcoin Miners selling their BTC Reserves: BTC to plunge more
According to cryptocurrency analytics company Arcane Research, if public Bitcoin miners sell a lot of their supply, “it might contribute to pushing the Bitcoin price further down.” According to recent...